Apple (AAPL) EBITDA Margin (2009 - 2026)
Apple (AAPL) reported EBITDA Margin of 35.66% for fiscal Q3 2026 (quarter ended Jun 27, 2026), up 2.66 percentage points from 33.00% a year earlier and up 0.29 percentage points from the prior quarter.
Apple (AAPL) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Apple's EBITDA Margin came in at 35.98%, up 1.30 percentage points year-over-year; for FY2025 (ended Sep 27, 2025), it was 34.78%, up 0.34 percentage points from FY2024.
- EBITDA Margin has a five-year change of +6.61 percentage points (FY2020 to FY2025).
- By fiscal year, EBITDA Margin came in at 34.44% in FY2024 (+1.61 pp), 32.83% in FY2023 (-0.28 pp), 33.10% in FY2022 (+0.24 pp) and 32.87% in FY2021 (+4.69 pp).
- Five-year quarterly EBITDA Margin spans a low of 30.79% in fiscal Q4 2022 and a high of 37.61% in fiscal Q1 2026.
- Year over year, EBITDA Margin has now increased in each of the last five quarters, with an average year-over-year change of +0.92 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was fiscal Q4 2021 (a gain of 5.11 percentage points); the low point was fiscal Q1 2023 (a drop of 2.42 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 35.37% (Q2 2026), 37.61% (Q1 2026) and 34.70% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 35.66% |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 28.41% |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 13.07% |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 46.16% |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 78.91% |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 44.89% |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 44.36% |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 25.63% |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 35.07% |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 18.48% |
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 35.66% |
| Mar 28, 2026 | 35.37% |
| Dec 27, 2025 | 37.61% |
| Sep 27, 2025 | 34.70% |
| Jun 28, 2025 | 33.00% |
| Mar 29, 2025 | 33.82% |
| Dec 28, 2024 | 36.94% |
| Sep 28, 2024 | 34.24% |
| Jun 29, 2024 | 32.88% |
| Mar 30, 2024 | 33.87% |
| Dec 30, 2023 | 36.15% |
| Sep 30, 2023 | 33.10% |
| Jul 1, 2023 | 31.85% |
| Apr 1, 2023 | 32.92% |
| Dec 31, 2022 | 33.23% |
| Sep 24, 2022 | 30.79% |
| Jun 25, 2022 | 31.20% |
| Mar 26, 2022 | 33.63% |
| Dec 25, 2021 | 35.65% |
| Sep 25, 2021 | 32.12% |
Apple EBITDA Margin 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=ebitda-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();