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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Apple (AAPL) Gross Margin (2016 - 2025)

Apple's Gross Margin history spans 17 years, with the latest figure at 48.16% for Q4 2025.

  • For Q4 2025, Gross Margin rose 128.0% year-over-year to 48.16%; the TTM value through Dec 2025 reached 47.33%, up 81.0%, while the annual FY2025 figure was 46.91%, 70.0% up from the prior year.
  • Gross Margin reached 48.16% in Q4 2025 per AAPL's latest filing, up from 47.18% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 48.16% in Q4 2025 to a low of 42.2% in Q3 2021.
  • Average Gross Margin over 5 years is 44.93%, with a median of 44.84% recorded in 2023.
  • Peak YoY movement for Gross Margin: skyrocketed 529bps in 2021, then tumbled -80bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 43.76% in 2021, then dropped by -2bps to 42.96% in 2022, then increased by 7bps to 45.87% in 2023, then increased by 2bps to 46.88% in 2024, then grew by 3bps to 48.16% in 2025.
  • Per Business Quant, the three most recent readings for AAPL's Gross Margin are 48.16% (Q4 2025), 47.18% (Q3 2025), and 46.49% (Q2 2025).