SuperworthApple profit margin AAPL
Gross, operating and net profit as a share of revenue over the last twelve months, from 1995.
- Net margin, 12 months
- 27.6%
- Operating margin, 12 months
- 33.2%
- Net margin on a year earlier
- +3.3 pts
- Peer median
- 42.9%
Over the twelve months to Jun 27, 2026, Apple kept 27.6% of its revenue as net profit, with an operating margin of 33.2% and a gross margin of 48.7%.
Five years earlier its net margin was 25.0%.
The median for 5 technology stocks of a similar size is 42.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 26.9% | 32.0% | 46.9% |
| FY2024 | 24.0% | 31.5% | 46.2% |
| FY2023 | 25.3% | 29.8% | 44.1% |
| FY2022 | 25.3% | 30.3% | 43.3% |
| FY2021 | 25.9% | 29.8% | 41.8% |
| FY2020 | 20.9% | 24.1% | 38.2% |
| FY2019 | 21.2% | 24.6% | 37.8% |
| FY2018 | 22.4% | 26.7% | 38.3% |
| FY2017 | 21.1% | 26.8% | 38.5% |
| FY2016 | 21.2% | 27.8% | 39.1% |
| FY2015 | 22.8% | 30.5% | 40.1% |
| FY2014 | 21.6% | 28.7% | 38.6% |
| FY2013 | 21.7% | 28.7% | 37.6% |
| FY2012 | 26.7% | 35.3% | 43.9% |
| FY2011 | 23.9% | 31.2% | 40.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 27.6% | +3.3 pts | 33.2% | |
| Q2 FY26 | 27.2% | +2.9 pts | 32.6% | |
| Q1 FY26 | 27.0% | +2.7 pts | 32.4% | |
| Q4 FY25 | 26.9% | +2.9 pts | 32.0% | |
| Q3 FY25 | 24.3% | −2.1 pts | 31.9% | |
| Q2 FY25 | 24.3% | −2.0 pts | 31.8% | |
| Q1 FY25 | 24.3% | −1.9 pts | 31.8% | |
| Q4 FY24 | 24.0% | −1.3 pts | 31.5% | |
| Q3 FY24 | 26.4% | +1.8 pts | 31.3% | |
| Q2 FY24 | 26.3% | +1.8 pts | 31.0% | |
| Q1 FY24 | 26.2% | +1.6 pts | 30.8% | |
| Q4 FY23 | 25.3% | −0.0 pts | 29.8% |
Against its peers
Companies in Technology nearest Apple's size, closest first, today.
| Company | Profit margin |
|---|---|
| AAPLApple | 27.6% |
| NVDANVIDIA | 63.7% |
| MSFTMicrosoft | 40.3% |
| AVGOBroadcom | 42.9% |
| MUMicron Technology | 63.8% |
| AMDAdvanced Micro Devices | 15.6% |
| Peer median | 42.9% |
Where Apple ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Apple
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.