Apple AAPL
NASDAQ AAPL
$331.34 -1.74 (-0.52%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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