Investor Relations

Financial History

Stock Split

How many times has Apple stock split?

There have been three two-for-one stock splits. The payable dates were:

June 15, 1987
June 21, 2000
February 28, 2005

How does a two-for-one stock split actually work?

A two-for-one split means that a new share of stock is issued for each share in existence prior to the split. After the split, each share is worth half of what it was worth immediately prior to the split.

Are there any personal income tax consequences as a result of Apple's stock splits?

There are no tax consequences to U.S. residents as a result of Apple's stock splits. The tax basis of each share owned after the stock split is half of what it was before the split. For example, if you owned 100 shares before the split with a tax basis of $40 per share, after the split you would own 200 shares of stock with a tax basis of $20 per share. Foreign residents should consult their local tax advisors.

Should I have received an updated share certificate following a split?

All record-keeping for Apple stock splits is now done electronically. If you held your Apple shares in a brokerage account immediately prior to a split, the additional shares were deposited into that account. If you had a share certificate or held your shares directly with Apple's stock transfer agent, Computershare Investor Services, written notice indicating the number of your split-adjusted shares should have been mailed to you. New share certificates are no longer issued.  If you still have original, physical share certificates for Apple stock, you should contact Apple’s stock transfer agent, Computershare Investor Services, for information on how to transfer your share certificates to an electronic record.

My shares are held by a brokerage firm. How do my shares get adjusted for a stock split?

If your Apple shares are held in a brokerage account, they split automatically on the split date. You do not need to do anything.

How does a stock split affect the number of shares outstanding and the future calculation of earnings per share?

When stock splits on a two-for-one basis, the number of shares outstanding doubles. Earnings per share are half what they otherwise would have been because the net earnings are divided into twice as many shares.

Where are shareholder notices from Apple mailed?

If you have stock certificates or hold shares directly with Computershare Investor Services, any shareholder mailings from Apple are sent to the address for you that Computershare has on file. To verify your address you can call Computershare directly at 877-360-5390. It is your responsibility to ensure that your address is current with Computershare at all times. If Computershare is unable to contact you with shareholder notices because your current address is not on file with them, you run the risk of having your shares escheated to the state of your last known residence and losing all rights to your shares in accordance with state law. Some state laws provide that to avoid escheatment of your shares you must periodically acknowledge communications from Computershare, so you should always review Computershare communications carefully.

If you hold your Apple shares in a brokerage account, all mailings from Apple will be sent to the address for you that your brokerage has on file.

How do I contact the Stock Transfer Agent?

If you are the registered holder of Apple shares and you have any questions about...

change of address
lost stock certificates
transfer of stock to another person
additional administrative services can reach Computershare Investor Services (Apple's Stock Transfer Agent) as follows:

Phone: 877-360-5390 (toll-free)
  +1-312-360-5399 (non-U.S.)
Address: Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021

If you own shares through a brokerage firm, please contact the firm directly for any matters relating to your shares.