Apple (AAPL) Gross Margin (2009 - 2026)
Apple (AAPL) reported Gross Margin of 50.06% for fiscal Q3 2026 (quarter ended Jun 27, 2026), up 3.57 percentage points from 46.49% a year earlier and up 0.79 percentage points from the prior quarter.
Apple (AAPL) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Apple's Gross Margin came in at 48.65%, up 1.97 percentage points year-over-year; for FY2025 (ended Sep 27, 2025), it came in at 46.91%, up 0.70 percentage points from FY2024.
- Gross Margin has increased for six consecutive fiscal years, with a five-year change of +8.67 percentage points (FY2020 to FY2025).
- By fiscal year, Gross Margin came in at 46.21% in FY2024 (+2.08 pp), 44.13% in FY2023 (+0.82 pp), 43.31% in FY2022 (+1.53 pp) and 41.78% in FY2021 (+3.55 pp).
- The fiscal Q3 2026 figure ranks as the highest quarterly Gross Margin in data going back to fiscal Q2 2009.
- Year over year, Gross Margin has now increased in each of the last 14 quarters, with an average year-over-year change of +1.35 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was fiscal Q4 2021 (a gain of 4.03 percentage points); the low point was fiscal Q1 2023 (a drop of 0.80 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 49.27% (Q2 2026), 48.16% (Q1 2026) and 47.18% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,044.93 Bn | 4,792.42 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 452.93 Bn | 388.86 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 369.03 Bn | 324.79 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 255.93 Bn | 209.39 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 214.77 Bn | 203.29 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 162.48 Bn | 157.47 Bn | 1.90 Bn | 52.30% |
| 7 | Sony | 145.96 Bn | 83.22 Bn | 6.53 Bn | 36.70% |
| 8 | Western Digital | 131.53 Bn | 119.66 Bn | 2.03 Bn | 54.12% |
| 9 | Hewlett Packard Enterprise | 92.32 Bn | 70.20 Bn | 4.93 Bn | 40.34% |
| 10 | Lumentum Holdings | 73.06 Bn | 64.88 Bn | 477.30 Mn | 47.43% |
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 50.06% |
| Mar 28, 2026 | 49.27% |
| Dec 27, 2025 | 48.16% |
| Sep 27, 2025 | 47.18% |
| Jun 28, 2025 | 46.49% |
| Mar 29, 2025 | 47.05% |
| Dec 28, 2024 | 46.88% |
| Sep 28, 2024 | 46.22% |
| Jun 29, 2024 | 46.26% |
| Mar 30, 2024 | 46.58% |
| Dec 30, 2023 | 45.87% |
| Sep 30, 2023 | 45.17% |
| Jul 1, 2023 | 44.52% |
| Apr 1, 2023 | 44.26% |
| Dec 31, 2022 | 42.96% |
| Sep 24, 2022 | 42.26% |
| Jun 25, 2022 | 43.26% |
| Mar 26, 2022 | 43.75% |
| Dec 25, 2021 | 43.76% |
| Sep 25, 2021 | 42.20% |
Apple Gross 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=gross-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();