Growth Metrics

Apple (AAPL) Net Margin (2016 - 2026)

Apple filings provide 18 years of Net Margin readings, the most recent being 26.6% for Q1 2026.

  • On a quarterly basis, Net Margin rose 62.0% to 26.6% in Q1 2026 year-over-year; TTM through Mar 2026 was 27.15%, a 285.0% increase, with the full-year FY2025 number at 26.92%, up 294.0% from a year prior.
  • Net Margin hit 26.6% in Q1 2026 for Apple, down from 29.28% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 29.28% in Q4 2025 to a low of 15.52% in Q3 2024.
  • Median Net Margin over the past 5 years was 25.65% (2023), compared with a mean of 25.35%.
  • Biggest five-year swings in Net Margin: plummeted -1013bps in 2024 and later surged 1128bps in 2025.
  • Apple's Net Margin stood at 25.61% in 2022, then rose by 11bps to 28.36% in 2023, then grew by 3bps to 29.23% in 2024, then grew by 0bps to 29.28% in 2025, then fell by -9bps to 26.6% in 2026.
  • The last three reported values for Net Margin were 26.6% (Q1 2026), 29.28% (Q4 2025), and 26.8% (Q3 2025) per Business Quant data.