Apple (AAPL) Operating Margin (2009 - 2026)

Apple (AAPL) has reported Operating Margin for 18 consecutive years, with 32.28% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 32.28%, up 125.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 32.64% (up 83.0% YoY), and the FY2025 annual result was 31.97%, up 46.0% from the prior year.
• Operating Margin was 32.28% for Q1 2026 at Apple, down from 35.37% in the prior quarter.
• Over five years, Operating Margin peaked at 35.37% in Q4 2025 and troughed at 27.62% in Q3 2022.
• Average Operating Margin over 5 years is 30.89%, with a median of 30.74% recorded in 2024.
• Year-over-year, Operating Margin tumbled 273 bps in 2022 and surged 302 bps in 2023.
• Over 5 years, Operating Margin stood at 30.74% in 2022, then grew by 10 bps to 33.76% in 2023, then advanced by 2 bps to 34.46% in 2024, then gained by 3 bps to 35.37% in 2025, then declined by 9 bps to 32.28% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 32.28% in Q1 2026, 35.37% in Q4 2025, and 31.65% in Q3 2025.