Apple (AAPL) Operating Expenses (2009 - 2026)
Apple posted quarterly Operating Expenses of $18.9 billion for Q1 2026, up 23.68% year-on-year from $15.3 billion in Q1 2025, and up 2.81% on a QoQ basis from $18.4 billion in Q4 2025.
Apple (AAPL) has 18 years of Operating Expenses data on file, last reported at $18.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 23.68% year-over-year to $18.9 billion; the trailing twelve-month figure through Mar 2026 stood at $68.7 billion (up 15.79% YoY), and the FY2025 full-year result was $62.2 billion, up 8.15% from the prior year.
- Operating Expenses for Q1 2026 stood at $18.9 billion, up from $18.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $18.9 billion in Q1 2026 and bottomed at $12.6 billion in Q1 2022.
- The 5-year median for Operating Expenses is $14.3 billion (2024), against an average of $14.7 billion.
- The widest annual swing landed in 2023, when Operating Expenses rose 1.16%; it then grew 23.68% in 2026.
- A 5-year view of Operating Expenses shows it stood at $14.3 billion in 2022, then rose by 1.16% to $14.5 billion in 2023, then rose by 6.64% to $15.4 billion in 2024, then advanced by 19.01% to $18.4 billion in 2025, then grew by 2.81% to $18.9 billion in 2026.
- The last three Operating Expenses figures came in at $18.9 billion (Q1 2026), $18.4 billion (Q4 2025), and $15.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,505.01 Bn | 4,436.50 Bn | 54.78 Bn | 18.90 Bn |
| 2 | Sonos | 1.95 Bn | 1.70 Bn | 124.65 Mn | 156.22 Mn |
| 3 | Zepp Health | 1.91 Bn | 1.80 Bn | 34.42 Mn | -38.29 Mn |
| 4 | Vuzix | 331.33 Mn | 310.18 Mn | 375,000.00 | 8.76 Mn |
| 5 | Turtle Beach | 256.59 Mn | 244.27 Mn | 11.29 Mn | 25.36 Mn |
| 6 | Axil Brands | 44.33 Mn | 38.81 Mn | 5.04 Mn | 4.83 Mn |
| 7 | Koss | 39.85 Mn | 21.00 Mn | 1.00 Mn | 1.72 Mn |
| 8 | Foxx Development Holdings | 34.37 Mn | 31.18 Mn | -1.45 Mn | 32.52 Mn |
| 9 | GoPro | 12.18 Mn | -28.54 Mn | 4.31 Mn | 61.55 Mn |
| 10 | Emerson Radio | 8.47 Mn | -4.82 Mn | 206,000.00 | 2.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 18.90 Bn |
| Dec 27, 2025 | 18.38 Bn |
| Sep 27, 2025 | 15.91 Bn |
| Jun 28, 2025 | 15.52 Bn |
| Mar 29, 2025 | 15.28 Bn |
| Dec 28, 2024 | 15.44 Bn |
| Sep 28, 2024 | 14.29 Bn |
| Jun 29, 2024 | 14.33 Bn |
| Mar 30, 2024 | 14.37 Bn |
| Dec 30, 2023 | 14.48 Bn |
| Sep 30, 2023 | 13.46 Bn |
| Jul 1, 2023 | 13.42 Bn |
| Apr 1, 2023 | 13.66 Bn |
| Dec 31, 2022 | 14.32 Bn |
| Sep 24, 2022 | 13.20 Bn |
| Jun 25, 2022 | 12.81 Bn |
| Mar 26, 2022 | 12.58 Bn |
| Dec 25, 2021 | 12.76 Bn |
| Sep 25, 2021 | 11.39 Bn |
| Jun 26, 2021 | 11.13 Bn |
| Mar 27, 2021 | 10.58 Bn |
| Dec 26, 2020 | 10.79 Bn |
| Sep 26, 2020 | 9.91 Bn |
| Jun 27, 2020 | 9.59 Bn |
| Mar 28, 2020 | 9.52 Bn |
| Dec 28, 2019 | 9.65 Bn |
| Sep 28, 2019 | 8.69 Bn |
| Jun 29, 2019 | 8.68 Bn |
| Mar 30, 2019 | 8.41 Bn |
| Dec 29, 2018 | 8.69 Bn |
| Sep 29, 2018 | 7.97 Bn |
| Jun 30, 2018 | 7.81 Bn |
| Mar 31, 2018 | 7.53 Bn |
| Dec 30, 2017 | 7.64 Bn |
| Sep 30, 2017 | 6.81 Bn |
| Jul 1, 2017 | 6.72 Bn |
| Apr 1, 2017 | 6.49 Bn |
| Dec 31, 2016 | 6.82 Bn |
| Sep 24, 2016 | 6.05 Bn |
| Jun 25, 2016 | 6.00 Bn |
| Mar 26, 2016 | 5.93 Bn |
| Dec 26, 2015 | 6.25 Bn |
| Sep 26, 2015 | 5.93 Bn |
| Jun 27, 2015 | 5.60 Bn |
| Mar 28, 2015 | 5.38 Bn |
| Dec 27, 2014 | 5.50 Bn |
| Sep 27, 2014 | 4.84 Bn |
| Jun 28, 2014 | 4.45 Bn |
| Mar 29, 2014 | 4.35 Bn |
| Dec 28, 2013 | 4.38 Bn |
| Sep 28, 2013 | 3.84 Bn |
| Jun 29, 2013 | 3.82 Bn |
| Mar 30, 2013 | 3.79 Bn |
| Dec 29, 2012 | 3.85 Bn |
| Sep 29, 2012 | 3.46 Bn |
| Jun 30, 2012 | 3.42 Bn |
| Mar 31, 2012 | 3.18 Bn |
| Dec 31, 2011 | 3.36 Bn |
| Sep 24, 2011 | 2.67 Bn |
| Jun 25, 2011 | 2.54 Bn |
| Mar 26, 2011 | 2.34 Bn |
| Dec 25, 2010 | 2.47 Bn |
| Sep 25, 2010 | 2.07 Bn |
| Jun 26, 2010 | 1.90 Bn |
| Mar 27, 2010 | 1.65 Bn |
| Dec 26, 2009 | 1.69 Bn |
| Sep 26, 2009 | 1.42 Bn |
| Jun 27, 2009 | 1.35 Bn |
| Mar 28, 2009 | 1.30 Bn |