Apple (AAPL) Invested Capital (2013 - 2026)
Apple (AAPL) recorded Invested Capital of $191.86 billion in fiscal Q3 2026 (quarter ended Jun 27, 2026), up 14.5% from $167.53 billion a year earlier and up 0.3% from the prior quarter.
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Analysis
Apple (AAPL) Invested Capital (2013 - 2026) Analysis & Trends
For FY2025 (ended Sep 27, 2025), Apple reported Invested Capital of $172.39 billion, up 5.4% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of -0.6% (FY2020 to FY2025).
- Across earlier fiscal years, Invested Capital came in at $163.58 billion in FY2024 (-5.6%), $173.23 billion in FY2023 (+1.5%), $170.74 billion in FY2022 (-9.1%) and $187.81 billion in FY2021 (+5.6%).
- The fiscal Q3 2026 figure is the highest quarterly Invested Capital since fiscal Q1 2022.
- On a year-over-year basis, Invested Capital has increased for four consecutive quarters, with growth averaging 2.7% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 15.9% in fiscal Q2 2026, against a decline of 13.8% in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $191.2 billion (Q2 2026), $178.7 billion (Q1 2026) and $172.39 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 191.86 Bn |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 79.82 Bn |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 33.04 Bn |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | - |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 15.74 Bn |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 5.73 Bn |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 9.92 Bn |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 60.06 Bn |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 6.28 Bn |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 46.82 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 191.86 Bn |
| Mar 28, 2026 | 191.20 Bn |
| Dec 27, 2025 | 178.70 Bn |
| Sep 27, 2025 | 172.39 Bn |
| Jun 28, 2025 | 167.53 Bn |
| Mar 29, 2025 | 164.98 Bn |
| Dec 28, 2024 | 163.56 Bn |
| Sep 28, 2024 | 163.58 Bn |
| Jun 29, 2024 | 168.01 Bn |
| Mar 30, 2024 | 178.78 Bn |
| Dec 30, 2023 | 182.14 Bn |
| Sep 30, 2023 | 173.23 Bn |
| Jul 1, 2023 | 169.55 Bn |
| Apr 1, 2023 | 171.77 Bn |
| Dec 31, 2022 | 167.84 Bn |
| Sep 24, 2022 | 170.74 Bn |
| Jun 25, 2022 | 177.80 Bn |
| Mar 26, 2022 | 187.38 Bn |
| Dec 25, 2021 | 194.73 Bn |
| Sep 25, 2021 | 187.81 Bn |
API Access
Apple Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();