Apple (AAPL) Operating Margin (2009 - 2026)

Apple (AAPL) has reported Operating Margin for 18 consecutive years, with 32.62% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 263.0% year-over-year to 32.62%; the trailing twelve-month figure through Jun 2026 stood at 33.17% (up 131.0% YoY), and the FY2025 full-year result was 31.97%, up 46.0% from the prior year.
• Operating Margin improved to 32.62% in Q2 2026 per AAPL's latest filing, from 32.28% in the prior quarter.
• Across five years, Operating Margin topped out at 35.37% in Q4 2025 and bottomed at 27.62% in Q3 2022.
• Historically, Operating Margin has averaged 30.99% across 5 years, with a median of 30.78% in 2022.
• The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 273 bps in 2022, then jumped 302 bps in 2023.
• Over 5 years, Operating Margin stood at 30.74% in 2022, then climbed by 10 bps to 33.76% in 2023, then gained by 2 bps to 34.46% in 2024, then rose by 3 bps to 35.37% in 2025, then slipped by 8 bps to 32.62% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 32.62%, 32.28%, and 35.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.