Apple (AAPL) Operating Expenses (2009 - 2026)
Apple's (AAPL) quarterly Operating Expenses came in at $19.1 billion in Q2 2026, up 22.94% on a YoY basis from $15.5 billion in Q2 2025, and up 0.95% quarter-over-quarter from $18.9 billion in Q1 2026.
Analysis
Apple (AAPL) Operating Expenses (2009 - 2026) Analysis & Trends
Apple (AAPL) has reported Operating Expenses for 18 consecutive years, with $19.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 22.94% year-over-year to $19.1 billion; the trailing twelve-month figure through Jun 2026 stood at $72.3 billion (up 19.4% YoY), and the FY2025 full-year result was $62.2 billion, up 8.15% from the prior year.
- Operating Expenses advanced to $19.1 billion in Q2 2026 per AAPL's latest filing, from $18.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $19.1 billion in Q2 2026 and bottomed at $12.6 billion in Q1 2022.
- Historically, Operating Expenses has averaged $15.0 billion across 5 years, with a median of $14.3 billion in 2024.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses gained 1.16% in 2023, then increased 23.68% in 2026.
- Over 5 years, Operating Expenses stood at $14.3 billion in 2022, then gained by 1.16% to $14.5 billion in 2023, then gained by 6.64% to $15.4 billion in 2024, then climbed by 19.01% to $18.4 billion in 2025, then rose by 3.79% to $19.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $19.1 billion, $18.9 billion, and $18.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,859.45 Bn | 4,797.05 Bn | 54.77 Bn | 19.08 Bn |
| 2 | Garmin | 53.81 Bn | 51.14 Bn | 1.26 Bn | 646.51 Mn |
| 3 | Vuzix | 211.42 Mn | 194.13 Mn | -645,411.00 | 7.11 Mn |
| 4 | Zepp Health | 69.33 Mn | -328,416.31 | 23.73 Mn | -36.03 Mn |
| 5 | Foxx Development Holdings | 17.72 Mn | 14.53 Mn | -1.45 Mn | 32.52 Mn |
| 6 | Wearable Devices | 652,391.50 | -18.19 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 19.08 Bn |
| 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 |