Apple Inc. (AAPL) stock
AAPLNasdaqElectronic ComputersFiscal year ends September 26
Financials through Q3 FY2026, quarter ended Jun 27, 2026Last filing: 10-K on Nov 3, 2026Score 17/3042% above fair value
$354.88−0.75 (-0.21%)
Close on Nov 12, 2026Market cap $5.18TP/E 40.7Yield 0.29%
Apple operating margin
Operating margin is operating income as a percentage of revenue.
Apple's operating margin for the twelve months ending Jun 27, 2026 was 33.2%. For fiscal 2025 it was 32.0%, against 31.5% the year before. The highest annual figure on record is 35.3% in fiscal 2012.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Sep 27, 2025 | 32.0% | +0.5 |
| FY2024 | Sep 28, 2024 | 31.5% | +1.7 |
| FY2023 | Sep 30, 2023 | 29.8% | −0.5 |
| FY2022 | Sep 24, 2022 | 30.3% | +0.5 |
| FY2021 | Sep 25, 2021 | 29.8% | +5.6 |
| FY2020 | Sep 26, 2020 | 24.1% | −0.4 |
| FY2019 | Sep 28, 2019 | 24.6% | −2.1 |
| FY2018 | Sep 29, 2018 | 26.7% | −0.1 |
| FY2017 | Sep 30, 2017 | 26.8% | −1.1 |
| FY2016 | Sep 24, 2016 | 27.8% | −2.6 |
| FY2015 | Sep 26, 2015 | 30.5% | +1.8 |
| FY2014 | Sep 27, 2014 | 28.7% | +0.1 |
| FY2013 | Sep 28, 2013 | 28.7% | −6.6 |
| FY2012 | Sep 29, 2012 | 35.3% | +4.1 |
| FY2011 | Sep 24, 2011 | 31.2% | +3.0 |
| FY2010 | Sep 25, 2010 | 28.2% | +0.8 |
| FY2009 | Sep 26, 2009 | 27.4% | +5.2 |
| FY2008 | Sep 27, 2008 | 22.2% | +4.3 |
| FY2007 | Sep 29, 2007 | 17.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jun 27, 2026 | 32.6% | +2.6 |
| Q2 FY2026CQ1 2026 | Mar 28, 2026 | 32.3% | +1.2 |
| Q1 FY2026CQ4 2025 | Dec 27, 2025 | 35.4% | +0.9 |
| Q4 FY2025CQ3 2025 | Sep 27, 2025 | 31.6% | +0.5 |
| Q3 FY2025CQ2 2025 | Jun 28, 2025 | 30.0% | +0.4 |
| Q2 FY2025CQ1 2025 | Mar 29, 2025 | 31.0% | +0.3 |
| Q1 FY2025CQ4 2024 | Dec 28, 2024 | 34.5% | +0.7 |
| Q4 FY2024CQ3 2024 | Sep 28, 2024 | 31.2% | +1.0 |
| Q3 FY2024CQ2 2024 | Jun 29, 2024 | 29.6% | +1.4 |
| Q2 FY2024CQ1 2024 | Mar 30, 2024 | 30.7% | +0.9 |
| Q1 FY2024CQ4 2023 | Dec 30, 2023 | 33.8% | +3.0 |
| Q4 FY2023CQ3 2023 | Sep 30, 2023 | 30.1% | +2.5 |
| Q3 FY2023CQ2 2023 | Jul 1, 2023 | 28.1% | +0.3 |
| Q2 FY2023CQ1 2023 | Apr 1, 2023 | 29.9% | −1.0 |
| Q1 FY2023CQ4 2022 | Dec 31, 2022 | 30.7% | −2.7 |
| Q4 FY2022CQ3 2022 | Sep 24, 2022 | 27.6% | −0.9 |
| Q3 FY2022CQ2 2022 | Jun 25, 2022 | 27.8% | −1.8 |
| Q2 FY2022CQ1 2022 | Mar 26, 2022 | 30.8% | +0.1 |
| Q1 FY2022CQ4 2021 | Dec 25, 2021 | 33.5% | +3.4 |
| Q4 FY2021CQ3 2021 | Sep 25, 2021 | 28.5% | +5.7 |
| Q3 FY2021CQ2 2021 | Jun 26, 2021 | 29.6% | +7.7 |
| Q2 FY2021CQ1 2021 | Mar 27, 2021 | 30.7% | +8.7 |
| Q1 FY2021CQ4 2020 | Dec 26, 2020 | 30.1% | +2.2 |
| Q4 FY2020CQ3 2020 | Sep 26, 2020 | 22.8% | −1.6 |
| Q3 FY2020CQ2 2020 | Jun 27, 2020 | 21.9% | +0.5 |
| Q2 FY2020CQ1 2020 | Mar 28, 2020 | 22.0% | −1.1 |
| Q1 FY2020CQ4 2019 | Dec 28, 2019 | 27.8% | +0.2 |
| Q4 FY2019CQ3 2019 | Sep 28, 2019 | 24.4% | −1.2 |
| Q3 FY2019CQ2 2019 | Jun 29, 2019 | 21.5% | −2.2 |
| Q2 FY2019CQ1 2019 | Mar 30, 2019 | 23.1% | −2.9 |
| Q1 FY2019CQ4 2018 | Dec 29, 2018 | 27.7% | −2.1 |
| Q4 FY2018CQ3 2018 | Sep 29, 2018 | 25.6% | +0.7 |
| Q3 FY2018CQ2 2018 | Jun 30, 2018 | 23.7% | −0.0 |
| Q2 FY2018CQ1 2018 | Mar 31, 2018 | 26.0% | −0.7 |
| Q1 FY2018CQ4 2017 | Dec 30, 2017 | 29.8% | −0.1 |
| Q4 FY2017CQ3 2017 | Sep 30, 2017 | 25.0% | −0.1 |
| Q3 FY2017CQ2 2017 | Jul 1, 2017 | 23.7% | – |
| Q2 FY2017CQ1 2017 | Apr 1, 2017 | 26.7% | – |
| Q1 FY2017CQ4 2016 | Dec 31, 2016 | 29.8% | – |
| Q4 FY2016CQ3 2016 | Sep 24, 2016 | 25.1% | – |
See a number that looks wrong?