AAPL · 10-K · 2025A · Full report
Occupancy and Leasing Activity
Apple Inc. · 2025-10-31 · Importance 37 · Surprise 6
Apple maintains lease arrangements for corporate, data center, manufacturing and retail space as well as certain equipment, reflecting a mix of owned and leased facilities across its operations. As of September 27, 2025, fixed lease payment obligations totaled $16.8 billion, with $2.6 billion payable within 12 months, representing a material near-term contractual commitment. These obligations affect operating liquidity and reflect capacity needs for retail footprint, data centers supporting Services and cloud, and manufacturing-related facilities. The disclosure highlights lease commitments as part of the company’s broader contractual obligations alongside debt and purchase obligations.