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Will Apple stock split again? Its 5 splits and the odds of a sixth

Apple’s five stock splits since its 1980 IPO, the prices it split at, what an IPO share is worth now, and whether another split is likely with the stock near its record.

LemonTrades·Guides
A block splitting into smaller blocks, with a question mark beside it.

TL;DR

  • Apple has split five times: 2-for-1 in 1987, 2000 and 2005, 7-for-1 in 2014 and 4-for-1 in 2020. One IPO share is now 224 shares.
  • No new split has been announced. Apple split in 2014 and 2020 with its stock around $500 to $650; it’s well below that today.
  • If a split comes, history says it would be announced with quarterly results. It wouldn’t change what your shares are worth.
  • LemonTrades tells you what moved Apple, and why, as it happens, and warns you before its earnings.

Apple stock keeps setting records, so the question comes up again: will it split? Here’s what its history says.

Apple todayValue
One AAPL sharelive$– –
Since the 2020 splitfirst split-adjusted close $129.04, August 31, 2020–
One share bought at the 1980 IPOnow 224 shares$–
$1,000 at the $22 IPO price45.5 shares then, 10,182 now$–

Live, updated every minute, before dividends (Apple pays $0.27 a share each quarter) and taxes.

Apple stock split history

Split-adjusted trading beganRatioShares from one IPO share
June 16, 19872-for-12
June 21, 20002-for-14
February 28, 20052-for-18
June 9, 20147-for-156
August 31, 20204-for-1224

Apple listed on December 12, 1980 at $22 a share, about 10 cents in today’s split-adjusted terms.

Will Apple split again?

  • The price: Apple’s two recent splits came with the stock around $645 (2014) and $500 (2020). At today’s price it’s further from that range, so a split is less pressing.
  • The timing: both were announced with quarterly results, months before they took effect: April 2014 and July 2020. Apple usually reports its September-quarter results around the end of October.
  • The reason: Apple said its splits were to make shares more accessible to more investors. With fractional shares at most brokers, that matters less than it did.

Apple hasn’t said anything about a split, so any odds are guesswork. Microsoft, whose stock is above $500, hasn’t split since 2003: see Microsoft’s stock split history.

Does a split matter?

Not for what you own: four shares at $100 are worth the same as one at $400. Stocks have sometimes risen around split announcements, as buyers expect more demand, but that isn’t guaranteed. See how Nvidia’s splits worked.

Sources

Education, not financial advice. Split-adjusted figures from daily price data. See our disclaimer.

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