Apple (AAPL) Operating Expenses (2009 - 2026)

Apple has reported Operating Expenses for 18 years, with the latest figure 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.
• The five-year high for Operating Expenses was $18.9 billion in Q1 2026, with the low at $12.6 billion in Q1 2022.
• Historically, Operating Expenses has averaged $14.7 billion across 5 years, with a median of $14.3 billion in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses rose 1.16% — and 2026, when it grew 23.68%.
• Apple's Operating Expenses stood at $14.3 billion in 2022, then increased by 1.16% to $14.5 billion in 2023, then increased by 6.64% to $15.4 billion in 2024, then gained by 19.01% to $18.4 billion in 2025, then climbed 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.