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Apple (AAPL) Operating Expenses (2016 - 2025)

Apple (AAPL) has disclosed Operating Expenses for 17 consecutive years, with $18.4 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 19.01% year-over-year to $18.4 billion, compared with a TTM value of $65.1 billion through Dec 2025, up 11.4%, and an annual FY2025 reading of $62.2 billion, up 8.15% over the prior year.
  • Operating Expenses was $18.4 billion for Q4 2025 at Apple, up from $15.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $18.4 billion in Q4 2025 and bottomed at $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.
  • The sharpest move saw Operating Expenses grew 1.16% in 2023, then rose 19.01% in 2025.
  • Year by year, Operating Expenses 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.
  • Business Quant data shows Operating Expenses for AAPL at $18.4 billion in Q4 2025, $15.9 billion in Q3 2025, and $15.5 billion in Q2 2025.