Apple AAPL
NASDAQ AAPL
$331.34 -1.74 (-0.52%)
As of: Sep 15, 2026 · 3:59 PM EDT

Apple (AAPL) Net Margin (2009 - 2026)

Apple's (AAPL) quarterly Net Margin came in at 27.23% in Q2 2026, up 230.0% on a YoY basis from 8.25% in Q2 2025, and up 2.34% quarter-over-quarter from 26.6% in Q1 2026.

Analysis

Apple (AAPL) Net Margin (2009 - 2026) Analysis & Trends

Apple (AAPL) has reported Net Margin for 18 consecutive years, with 27.23% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Net Margin rose 230.0% year-over-year to 27.23%; the trailing twelve-month figure through Jun 2026 stood at 27.62% (up 332.0% YoY), and the FY2025 full-year result was 26.92%, up 294.0% from the prior year.
  • Net Margin climbed to 27.23% in Q2 2026 per AAPL's latest filing, from 26.6% in the prior quarter.
  • Across five years, Net Margin topped out at 29.28% in Q4 2025 and bottomed at 15.52% in Q3 2024.
  • Historically, Net Margin has averaged 25.45% across 5 years, with a median of 25.68% in 2023.
  • The sharpest annual moves came in 2024 and 2025: Net Margin slumped 1013 bps in 2024, then jumped 1128 bps in 2025.
  • Over 5 years, Net Margin stood at 25.61% in 2022, then climbed by 11 bps to 28.36% in 2023, then grew by 3 bps to 29.23% in 2024, then gained by 0 bps to 29.28% in 2025, then slipped by 7 bps to 27.23% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 27.23%, 26.6%, and 29.28% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Apple 4,859.45 Bn 4,797.05 Bn 54.77 Bn 27.23%
2 Garmin 53.81 Bn 51.14 Bn 1.26 Bn 26.80%
3 Vuzix 211.42 Mn 194.13 Mn -645,411.00 -688.48%
4 Zepp Health 69.33 Mn -328,416.31 23.73 Mn -15.82%
5 Foxx Development Holdings 17.72 Mn 14.53 Mn -1.45 Mn -418.52%
6 Wearable Devices 652,391.50 -18.19 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 27, 2026 27.23%
Mar 28, 2026 26.60%
Dec 27, 2025 29.28%
Sep 27, 2025 26.80%
Jun 28, 2025 24.92%
Mar 29, 2025 25.99%
Dec 28, 2024 29.23%
Sep 28, 2024 15.52%
Jun 29, 2024 25.00%
Mar 30, 2024 26.04%
Dec 30, 2023 28.36%
Sep 30, 2023 25.65%
Jul 1, 2023 24.31%
Apr 1, 2023 25.48%
Dec 31, 2022 25.61%
Sep 24, 2022 22.99%
Jun 25, 2022 23.44%
Mar 26, 2022 25.71%
Dec 25, 2021 27.94%
Sep 25, 2021 24.65%