Apple annual operating margin
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2025
Apple Operating Margin Growth & History (AAPL)
Apple's operating margin was 31.97% for fiscal 2025.
View full Apple company overviewApple annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-27 | 31.97% | +0.46 pp |
| 2024 | 2024-09-28 | 31.51% | +1.69 pp |
| 2023 | 2023-09-30 | 29.82% | −0.47 pp |
| 2022 | 2022-09-24 | 30.29% | +0.51 pp |
| 2021 | 2021-09-25 | 29.78% | +5.64 pp |
| 2020 | 2020-09-26 | 24.15% | −0.42 pp |
| 2019 | 2019-09-28 | 24.57% | −2.12 pp |
| 2018 | 2018-09-29 | 26.69% | −0.07 pp |
| 2017 | 2017-09-30 | 26.76% | −1.07 pp |
| 2016 | 2016-09-24 | 27.84% | −2.64 pp |
| 2015 | 2015-09-26 | 30.48% | +1.75 pp |
| 2014 | 2014-09-27 | 28.72% | +0.05 pp |
| 2013 | 2013-09-28 | 28.67% | −6.63 pp |
| 2012 | 2012-09-29 | 35.30% | +4.08 pp |
| 2011 | 2011-09-24 | 31.22% | +3.03 pp |
| 2010 | 2010-09-25 | 28.19% | +0.82 pp |
| 2009 | 2009-09-26 | 27.36% | +5.15 pp |
| 2008 | 2008-09-27 | 22.21% | +4.28 pp |
| 2007 | 2007-09-29 | 17.93% | — |
Apple quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-27 | 32.62% | +2.63 pp |
| Q2 2026 | 2026-03-28 | 32.28% | +1.25 pp |
| Q1 2026 | 2025-12-27 | 35.37% | +0.92 pp |
| Q4 2025 | 2025-09-27 | 31.65% | +0.48 pp |
| Q3 2025 | 2025-06-28 | 29.99% | +0.43 pp |
| Q2 2025 | 2025-03-29 | 31.03% | +0.29 pp |
| Q1 2025 | 2024-12-28 | 34.46% | +0.69 pp |
| Q4 2024 | 2024-09-28 | 31.17% | +1.04 pp |
| Q3 2024 | 2024-06-29 | 29.56% | +1.44 pp |
| Q2 2024 | 2024-03-30 | 30.74% | +0.88 pp |
| Q1 2024 | 2023-12-30 | 33.76% | +3.02 pp |
| Q4 2023 | 2023-09-30 | 30.13% | +2.52 pp |
| Q3 2023 | 2023-07-01 | 28.12% | +0.30 pp |
| Q2 2023 | 2023-04-01 | 29.86% | −0.96 pp |
| Q1 2023 | 2022-12-31 | 30.74% | −2.73 pp |
| Q4 2022 | 2022-09-24 | 27.62% | −0.92 pp |
| Q3 2022 | 2022-06-25 | 27.82% | −1.81 pp |
| Q2 2022 | 2022-03-26 | 30.82% | +0.12 pp |
| Q1 2022 | 2021-12-25 | 33.47% | +3.38 pp |
| Q4 2021 | 2021-09-25 | 28.53% | +5.70 pp |
| Q3 2021 | 2021-06-26 | 29.63% | +7.69 pp |
| Q2 2021 | 2021-03-27 | 30.70% | +8.66 pp |
| Q1 2021 | 2020-12-26 | 30.09% | +2.24 pp |
| Q4 2020 | 2020-09-26 | 22.84% | −1.56 pp |
| Q3 2020 | 2020-06-27 | 21.93% | +0.48 pp |
| Q2 2020 | 2020-03-28 | 22.04% | −1.08 pp |
| Q1 2020 | 2019-12-28 | 27.85% | +0.16 pp |
| Q4 2019 | 2019-09-28 | 24.40% | −1.23 pp |
| Q3 2019 | 2019-06-29 | 21.45% | −2.22 pp |
| Q2 2019 | 2019-03-30 | 23.12% | −2.87 pp |
| Q1 2019 | 2018-12-29 | 27.69% | −2.07 pp |
| Q4 2018 | 2018-09-29 | 25.62% | +0.67 pp |
| Q3 2018 | 2018-06-30 | 23.68% | −0.04 pp |
| Q2 2018 | 2018-03-31 | 26.00% | −0.65 pp |
| Q1 2018 | 2017-12-30 | 29.76% | −0.06 pp |
| Q4 2017 | 2017-09-30 | 24.95% | −0.15 pp |
| Q3 2017 | 2017-07-01 | 23.71% | −0.14 pp |
| Q2 2017 | 2017-04-01 | 26.65% | −1.02 pp |
| Q1 2017 | 2016-12-31 | 29.81% | −2.04 pp |
| Q4 2016 | 2016-09-24 | 25.10% | −3.29 pp |
| Q3 2016 | 2016-06-25 | 23.86% | −4.53 pp |
| Q2 2016 | 2016-03-26 | 27.67% | −3.84 pp |
| Q1 2016 | 2015-12-26 | 31.86% | −0.64 pp |
| Q4 2015 | 2015-09-26 | 28.39% | +1.89 pp |
| Q3 2015 | 2015-06-27 | 28.39% | +0.92 pp |
| Q2 2015 | 2015-03-28 | 31.51% | +1.73 pp |
| Q1 2015 | 2014-12-27 | 32.50% | +2.18 pp |
| Q4 2014 | 2014-09-27 | 26.51% | −0.26 pp |
| Q3 2014 | 2014-06-28 | 27.47% | +1.42 pp |
| Q2 2014 | 2014-03-29 | 29.78% | +0.98 pp |
| Q1 2014 | 2013-12-28 | 30.32% | −1.25 pp |
| Q4 2013 | 2013-09-28 | 26.77% | −3.66 pp |
| Q3 2013 | 2013-06-29 | 26.05% | −7.00 pp |
| Q2 2013 | 2013-03-30 | 28.80% | −10.46 pp |
| Q1 2013 | 2012-12-29 | 31.57% | −5.85 pp |
| Q4 2012 | 2012-09-29 | 30.43% | −0.38 pp |
| Q3 2012 | 2012-06-30 | 33.04% | +0.22 pp |
| Q2 2012 | 2012-03-31 | 39.26% | +7.34 pp |
| Q1 2012 | 2011-12-31 | 37.42% | +8.16 pp |
| Q4 2011 | 2011-09-24 | 30.81% | +4.03 pp |
| Q3 2011 | 2011-06-25 | 32.83% | +5.86 pp |
| Q2 2011 | 2011-03-26 | 31.92% | +2.44 pp |
| Q1 2011 | 2010-12-25 | 29.27% | −0.86 pp |
| Q4 2010 | 2010-09-25 | 26.78% | −3.40 pp |
| Q3 2010 | 2010-06-26 | 26.97% | −0.07 pp |
| Q2 2010 | 2010-03-27 | 29.48% | +3.90 pp |
| Q1 2010 | 2009-12-26 | 30.13% | +4.03 pp |
| Q4 2009 | 2009-09-26 | 30.18% | +11.53 pp |
| Q3 2009 | 2009-06-27 | 27.04% | — |
| Q2 2009 | 2009-03-28 | 25.57% | — |
| Q1 2009 | 2008-12-27 | 26.10% | — |
| Q3 2008 | 2008-06-28 | 18.65% | — |
Apple operating margin trends
Over the last five reported fiscal years, Apple's operating margin increased from 24.15% to 31.97%, a change of +7.82 percentage points. The latest reported quarter, Q3 2026, shows 32.62%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗