Glossary: EPS (2026-07-13)

Location: Glossary: EPS

What was wrong: The EPS entry's worked example stated Apple reported $97.3 billion in net income and $5.99 in diluted EPS for fiscal year 2024, on about 16.3 billion shares.

What it now says: Corrected to Apple's actual fiscal 2024 figures from its Form 10-K: about $93.7 billion in net income and $6.08 in diluted EPS, on roughly 15.4 billion diluted shares. The example's conclusion, a P/E near 38 at a share price around $230, is unchanged.

Why it was wrong and how it was caught: The net income, EPS, and share-count figures did not match Apple's 10-K. Caught during the glossary figure-sourcing audit on July 13, 2026, when every cited number was checked against its primary filing before a citation was added.

Primary source: Apple Inc. Form 10-K, fiscal year ended September 28, 2024 (https://www.sec.gov/Archives/edgar/data/320193/000032019324000123/aapl-20240928.htm)