Pretax profits at the main Irish subsidiary of iPhone maker Apple last year increased by 6 per cent to $81 billion (€70.5 billion) in another record year for the business.
Consolidated accounts filed by the Cork-based Apple Operations International Ltd (AOIL) show that pretax profits increased in line with the 6 per cent rise in revenues – from $222.3 billion to $235.3 billion – in the 12 months to September 27th last.
A note with the accounts said that dividends of $69.4 billion were paid by the group to its ultimate parent, Apple Inc, during the year.
The group last year paid out $22.78 billion in corporation tax. That was a 157 per cent increase on the $8.84 billion paid out the previous year. The group recorded profits after tax last year of $68.88 billion after incurring a corporation tax charge of $12.07 billion for 2025.
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AOIL is registered at the company’s Holyhill campus in Cork and its group accounts cover most of Apple’s non-US subsidiaries.
The company acts as a holding company for a number of Apple subsidiaries. It manufactures and develops everything from the company’s iPhone and iPad products to Mac computers.
Separate company financial statements for AOIL on its own show that it recorded a profit after tax of $73.66 billion last year which was an 18 per cent increase on the $62.3 billion recorded for the previous year.
The accounts for AOIL don’t disclose corporate tax paid in Ireland but state that a 12.5 per cent corporate tax charge would have resulted in corporation taxes of $10 billion.
A large contributor to the group’s corporation tax payout last year was the extra $15.84 billion paid to the Irish exchequer which stemmed from the Court of Justice of the European Union (ECJ) decision to find against Apple and the Irish government in a disputed Apple state aid tax case. The Republic was deemed to have given Apple illegal tax advantages.
The group has international operations with sales outside Ireland representing a majority of the group’s net sales.
The $235.3 billion in revenues last year represent 56.5 per cent of Apple Inc’s global revenues of $416.16 billion last year.
Numbers employed at AOIL and subsidiaries last year totalled 56,694 which was an increase of 867 on the year before. Some 6,000 of those employees are based in Ireland.
Staff costs totalled $7.6 billion which included share-based compensation of $1.88 billion.
