Apple annual gross margin
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2025
Apple Gross Margin Growth & History (AAPL)
Apple's gross margin was 46.91% for fiscal 2025.
View full Apple company overviewApple annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-27 | 46.91% | +0.70 pp |
| 2024 | 2024-09-28 | 46.21% | +2.08 pp |
| 2023 | 2023-09-30 | 44.13% | +0.82 pp |
| 2022 | 2022-09-24 | 43.31% | +1.53 pp |
| 2021 | 2021-09-25 | 41.78% | +3.55 pp |
| 2020 | 2020-09-26 | 38.23% | +0.42 pp |
| 2019 | 2019-09-28 | 37.82% | −0.53 pp |
| 2018 | 2018-09-29 | 38.34% | −0.13 pp |
| 2017 | 2017-09-30 | 38.47% | −0.61 pp |
| 2016 | 2016-09-24 | 39.08% | −0.98 pp |
| 2015 | 2015-09-26 | 40.06% | +1.47 pp |
| 2014 | 2014-09-27 | 38.59% | +0.96 pp |
| 2013 | 2013-09-28 | 37.62% | −6.25 pp |
| 2012 | 2012-09-29 | 43.87% | +3.39 pp |
| 2011 | 2011-09-24 | 40.48% | +1.10 pp |
| 2010 | 2010-09-25 | 39.38% | −0.76 pp |
| 2009 | 2009-09-26 | 40.14% | +4.94 pp |
| 2008 | 2008-09-27 | 35.20% | +2.03 pp |
| 2007 | 2007-09-29 | 33.17% | — |
Apple quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-27 | 50.06% | +3.57 pp |
| Q2 2026 | 2026-03-28 | 49.27% | +2.22 pp |
| Q1 2026 | 2025-12-27 | 48.16% | +1.28 pp |
| Q4 2025 | 2025-09-27 | 47.18% | +0.96 pp |
| Q3 2025 | 2025-06-28 | 46.49% | +0.23 pp |
| Q2 2025 | 2025-03-29 | 47.05% | +0.47 pp |
| Q1 2025 | 2024-12-28 | 46.88% | +1.01 pp |
| Q4 2024 | 2024-09-28 | 46.22% | +1.05 pp |
| Q3 2024 | 2024-06-29 | 46.26% | +1.74 pp |
| Q2 2024 | 2024-03-30 | 46.58% | +2.32 pp |
| Q1 2024 | 2023-12-30 | 45.87% | +2.91 pp |
| Q4 2023 | 2023-09-30 | 45.17% | +2.91 pp |
| Q3 2023 | 2023-07-01 | 44.52% | +1.26 pp |
| Q2 2023 | 2023-04-01 | 44.26% | +0.51 pp |
| Q1 2023 | 2022-12-31 | 42.96% | −0.80 pp |
| Q4 2022 | 2022-09-24 | 42.26% | +0.06 pp |
| Q3 2022 | 2022-06-25 | 43.26% | −0.04 pp |
| Q2 2022 | 2022-03-26 | 43.75% | +1.24 pp |
| Q1 2022 | 2021-12-25 | 43.76% | +3.99 pp |
| Q4 2021 | 2021-09-25 | 42.20% | +4.03 pp |
| Q3 2021 | 2021-06-26 | 43.29% | +5.29 pp |
| Q2 2021 | 2021-03-27 | 42.51% | +4.14 pp |
| Q1 2021 | 2020-12-26 | 39.78% | +1.42 pp |
| Q4 2020 | 2020-09-26 | 38.16% | +0.20 pp |
| Q3 2020 | 2020-06-27 | 38.00% | +0.41 pp |
| Q2 2020 | 2020-03-28 | 38.36% | +0.75 pp |
| Q1 2020 | 2019-12-28 | 38.35% | +0.36 pp |
| Q4 2019 | 2019-09-28 | 37.97% | −0.32 pp |
| Q3 2019 | 2019-06-29 | 37.59% | −0.75 pp |
| Q2 2019 | 2019-03-30 | 37.61% | −0.70 pp |
| Q1 2019 | 2018-12-29 | 37.99% | −0.42 pp |
| Q4 2018 | 2018-09-29 | 38.29% | +0.38 pp |
| Q3 2018 | 2018-06-30 | 38.34% | −0.17 pp |
| Q2 2018 | 2018-03-31 | 38.31% | −0.62 pp |
| Q1 2018 | 2017-12-30 | 38.41% | −0.11 pp |
| Q4 2017 | 2017-09-30 | 37.91% | −0.11 pp |
| Q3 2017 | 2017-07-01 | 38.51% | +0.49 pp |
| Q2 2017 | 2017-04-01 | 38.93% | −0.48 pp |
| Q1 2017 | 2016-12-31 | 38.51% | −1.58 pp |
| Q4 2016 | 2016-09-24 | 38.02% | −1.88 pp |
| Q3 2016 | 2016-06-25 | 38.02% | −1.65 pp |
| Q2 2016 | 2016-03-26 | 39.40% | −1.38 pp |
| Q1 2016 | 2015-12-26 | 40.10% | +0.23 pp |
| Q4 2015 | 2015-09-26 | 39.90% | +1.89 pp |
| Q3 2015 | 2015-06-27 | 39.68% | +0.31 pp |
| Q2 2015 | 2015-03-28 | 40.78% | +1.46 pp |
| Q1 2015 | 2014-12-27 | 39.87% | +1.94 pp |
| Q4 2014 | 2014-09-27 | 38.01% | +0.99 pp |
| Q3 2014 | 2014-06-28 | 39.36% | +2.49 pp |
| Q2 2014 | 2014-03-29 | 39.32% | +1.82 pp |
| Q1 2014 | 2013-12-28 | 37.93% | −0.70 pp |
| Q4 2013 | 2013-09-28 | 37.02% | −3.02 pp |
| Q3 2013 | 2013-06-29 | 36.87% | −5.94 pp |
| Q2 2013 | 2013-03-30 | 37.50% | −9.88 pp |
| Q1 2013 | 2012-12-29 | 38.63% | −6.05 pp |
| Q4 2012 | 2012-09-29 | 40.04% | −0.21 pp |
| Q3 2012 | 2012-06-30 | 42.81% | +1.08 pp |
| Q2 2012 | 2012-03-31 | 47.37% | +5.95 pp |
| Q1 2012 | 2011-12-31 | 44.68% | +6.17 pp |
| Q4 2011 | 2011-09-24 | 40.25% | +3.33 pp |
| Q3 2011 | 2011-06-25 | 41.73% | +2.64 pp |
| Q2 2011 | 2011-03-26 | 41.42% | −0.25 pp |
| Q1 2011 | 2010-12-25 | 38.51% | −2.37 pp |
| Q4 2010 | 2010-09-25 | 36.93% | −4.89 pp |
| Q3 2010 | 2010-06-26 | 39.08% | −1.84 pp |
| Q2 2010 | 2010-03-27 | 41.67% | +1.74 pp |
| Q1 2010 | 2009-12-26 | 40.88% | +2.94 pp |
| Q4 2009 | 2009-09-26 | 41.82% | +6.99 pp |
| Q3 2009 | 2009-06-27 | 40.92% | — |
| Q2 2009 | 2009-03-28 | 39.93% | — |
| Q1 2009 | 2008-12-27 | 37.94% | — |
| Q3 2008 | 2008-06-28 | 34.83% | — |
Apple gross margin trends
Over the last five reported fiscal years, Apple's gross margin increased from 38.23% to 46.91%, a change of +8.67 percentage points. The latest reported quarter, Q3 2026, shows 50.06%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Apple filings at SEC.gov ↗