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Apple (AAPL) Cost of Revenue (2016 - 2025)

Apple (AAPL) has disclosed Cost of Revenue for 17 consecutive years, with $74.5 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 12.87% year-over-year to $74.5 billion, compared with a TTM value of $229.5 billion through Dec 2025, up 8.41%, and an annual FY2025 reading of $221.0 billion, up 5.04% over the prior year.
  • Cost of Revenue was $74.5 billion for Q4 2025 at Apple, up from $54.1 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $74.5 billion in Q4 2025 and bottomed at $45.4 billion in Q3 2023.
  • Average Cost of Revenue over 5 years is $54.5 billion, with a median of $51.3 billion recorded in 2021.
  • The sharpest move saw Cost of Revenue soared 43.3% in 2021, then dropped 8.28% in 2024.
  • Year by year, Cost of Revenue stood at $69.7 billion in 2021, then dropped by 4.13% to $66.8 billion in 2022, then dropped by 3.15% to $64.7 billion in 2023, then rose by 2.02% to $66.0 billion in 2024, then grew by 12.87% to $74.5 billion in 2025.
  • Business Quant data shows Cost of Revenue for AAPL at $74.5 billion in Q4 2025, $54.1 billion in Q3 2025, and $50.3 billion in Q2 2025.