Apple (AAPL) Net Margin (2009 - 2026)
Apple's Net Margin came in at 27.23% for fiscal Q3 2026 (quarter ended Jun 27, 2026), up 2.30 percentage points from 24.92% a year earlier and up 0.62 percentage points from the prior quarter.
Apple (AAPL) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 27, 2026, Apple reported Net Margin of 27.62%, up 3.32 percentage points year-over-year; for FY2025 (ended Sep 27, 2025), it came in at 26.92%, up 2.94 percentage points from FY2024.
- Net Margin carries a five-year change of +6.00 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was 23.97% in FY2024 (-1.33 pp), 25.31% in FY2023 (unchanged), 25.31% in FY2022 (-0.57 pp) and 25.88% in FY2021 (+4.97 pp).
- The five-year range for quarterly Net Margin is 15.52% (fiscal Q4 2024) to 29.28% (fiscal Q1 2026).
- Year-over-year, Net Margin has increased for four consecutive quarters, with an average year-over-year change of +0.61 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2025 (a gain of 11.28 percentage points), and the weakest in fiscal Q4 2024 (a drop of 10.13 percentage points).
- Business Quant data shows AAPL's Net Margin at 26.60% (Q2 2026), 29.28% (Q1 2026) and 26.80% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 77.00% |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 35.66% |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 85.27% |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 12.33% |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | -711.69% |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 12.61% |
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% |
Apple Net 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=net-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();