Apple (AAPL) Operating Margin (2009 - 2026)

Apple has reported Operating Margin for 18 years, with the latest figure at 32.62% in Q2 2026.

• Operating Margin for Q2 2026 came in at 32.62%, up 263.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 33.17% (up 131.0% YoY), and the FY2025 annual result was 31.97%, up 46.0% from the prior year.
• Operating Margin improved to 32.62% in Q2 2026, from 32.28% in the prior quarter.
• Over five years, Operating Margin peaked at 35.37% in Q4 2025 and troughed at 27.62% in Q3 2022.
• A 5-year average of 30.99% and a median of 30.78% in 2022 frame the typical range for Operating Margin.
• The widest annual swing landed in 2022, when Operating Margin plunged 273 bps; it then soared 302 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 30.74% in 2022, then gained by 10 bps to 33.76% in 2023, then increased by 2 bps to 34.46% in 2024, then grew by 3 bps to 35.37% in 2025, then retreated by 8 bps to 32.62% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 32.62% in Q2 2026, 32.28% in Q1 2026, and 35.37% in Q4 2025.