Apple (AAPL) Gross Margin (2009 - 2026)

Apple has reported Gross Margin for 18 years, with the latest figure at 49.27% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 222.0% year-over-year to 49.27%; the trailing twelve-month figure through Mar 2026 stood at 47.86% (up 123.0% YoY), and the FY2025 full-year result was 46.91%, up 70.0% from the prior year.
• Gross Margin for Q1 2026 stood at 49.27%, up from 48.16% in the prior quarter.
• The five-year high for Gross Margin was 49.27% in Q1 2026, with the low at 42.26% in Q3 2022.
• Historically, Gross Margin has averaged 45.66% across 5 years, with a median of 46.22% in 2024.
• Annual changes were most pronounced in 2022 — Gross Margin slumped 80 bps — and 2023, when it soared 291 bps.
• Apple's Gross Margin stood at 42.96% in 2022, then climbed by 7 bps to 45.87% in 2023, then climbed by 2 bps to 46.88% in 2024, then increased by 3 bps to 48.16% in 2025, then climbed by 2 bps to 49.27% in 2026.
• The last three Gross Margin figures came in at 49.27% (Q1 2026), 48.16% (Q4 2025), and 47.18% (Q3 2025), per Business Quant data.