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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |