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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 - 2026)

Apple filings provide 18 years of Gross Margin readings, the most recent being 49.27% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 222.0% to 49.27% in Q1 2026 year-over-year; TTM through Mar 2026 was 47.86%, a 123.0% increase, with the full-year FY2025 number at 46.91%, up 70.0% from a year prior.
  • Gross Margin hit 49.27% in Q1 2026 for Apple, up from 48.16% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 49.27% in Q1 2026 to a low of 42.26% in Q3 2022.
  • Median Gross Margin over the past 5 years was 46.22% (2024), compared with a mean of 45.66%.
  • Biggest five-year swings in Gross Margin: crashed -80bps in 2022 and later surged 291bps in 2023.
  • Apple's Gross Margin stood at 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, then increased by 2bps to 49.27% in 2026.
  • The last three reported values for Gross Margin were 49.27% (Q1 2026), 48.16% (Q4 2025), and 47.18% (Q3 2025) per Business Quant data.