Apple (AAPL) Cost of Revenue (2009 - 2026)
Apple's Cost of Revenue was $54.65 billion in fiscal Q3 2026 (quarter ended Jun 27, 2026), up 8.6% from $50.32 billion a year earlier but down 3.1% from the prior quarter.
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Analysis
Apple (AAPL) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Apple's Cost of Revenue was $239.7 billion through Jun 27, 2026, up 10.0% year-over-year; for FY2025 (ended Sep 27, 2025), it came in at $220.96 billion, up 5.0% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 5.4% (FY2020 to FY2025).
- In earlier fiscal years, Cost of Revenue was $210.35 billion in FY2024 (-1.8%), $214.14 billion in FY2023 (-4.2%), $223.55 billion in FY2022 (+5.0%) and $212.98 billion in FY2021 (+25.6%).
- Quarterly Cost of Revenue has moved between $45.38 billion (fiscal Q3 2023) and $74.53 billion (fiscal Q1 2026) over five years.
- Compared with a year earlier, Cost of Revenue has increased for nine straight quarters, with growth averaging 7.3% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was fiscal Q4 2021 (growth of 20.4%); the worst was fiscal Q2 2024 (a decline of 8.3%).
- Per Business Quant data, AAPL's Cost of Revenue in the three fiscal quarters before Q3 2026 was $56.4 billion (Q2 2026), $74.53 billion (Q1 2026) and $54.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 54.65 Bn |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 6.19 Bn |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 37.14 Bn |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 1.13 Bn |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 1.38 Bn |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 1.73 Bn |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 1.72 Bn |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 11.27 Bn |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 509.80 Mn |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 7.29 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 54.65 Bn |
| Mar 28, 2026 | 56.40 Bn |
| Dec 27, 2025 | 74.53 Bn |
| Sep 27, 2025 | 54.13 Bn |
| Jun 28, 2025 | 50.32 Bn |
| Mar 29, 2025 | 50.49 Bn |
| Dec 28, 2024 | 66.03 Bn |
| Sep 28, 2024 | 51.05 Bn |
| Jun 29, 2024 | 46.10 Bn |
| Mar 30, 2024 | 48.48 Bn |
| Dec 30, 2023 | 64.72 Bn |
| Sep 30, 2023 | 49.07 Bn |
| Jul 1, 2023 | 45.38 Bn |
| Apr 1, 2023 | 52.86 Bn |
| Dec 31, 2022 | 66.82 Bn |
| Sep 24, 2022 | 52.05 Bn |
| Jun 25, 2022 | 47.07 Bn |
| Mar 26, 2022 | 54.72 Bn |
| Dec 25, 2021 | 69.70 Bn |
| Sep 25, 2021 | 48.19 Bn |
API Access
Apple Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();