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Apple (AAPL) Operating Expenses (2016 - 2025)

Apple's Operating Expenses history spans 17 years, with the latest figure at $18.4 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 19.01% year-over-year to $18.4 billion; the TTM value through Dec 2025 reached $65.1 billion, up 11.4%, while the annual FY2025 figure was $62.2 billion, 8.15% up from the prior year.
  • Operating Expenses reached $18.4 billion in Q4 2025 per AAPL's latest filing, up from $15.9 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $18.4 billion in Q4 2025 to a low of $10.6 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $13.9 billion, with a median of $14.0 billion recorded in 2023.
  • Peak YoY movement for Operating Expenses: grew 1.16% in 2023, then rose 19.01% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $12.8 billion in 2021, then grew by 12.24% to $14.3 billion in 2022, then grew by 1.16% to $14.5 billion in 2023, then grew by 6.64% to $15.4 billion in 2024, then rose by 19.01% to $18.4 billion in 2025.
  • Per Business Quant, the three most recent readings for AAPL's Operating Expenses are $18.4 billion (Q4 2025), $15.9 billion (Q3 2025), and $15.5 billion (Q2 2025).