Apple (AAPL) Operating Margin (2009 - 2026)

Apple has reported Operating Margin for 18 years, with the latest figure at 32.28% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 125.0% year-over-year to 32.28%; the trailing twelve-month figure through Mar 2026 stood at 32.64% (up 83.0% YoY), and the FY2025 full-year result was 31.97%, up 46.0% from the prior year.
• Operating Margin for Q1 2026 stood at 32.28%, down from 35.37% in the prior quarter.
• The five-year high for Operating Margin was 35.37% in Q4 2025, with the low at 27.62% in Q3 2022.
• Historically, Operating Margin has averaged 30.89% across 5 years, with a median of 30.74% in 2024.
• Annual changes were most pronounced in 2022 — Operating Margin sank 273 bps — and 2023, when it soared 302 bps.
• Apple's Operating Margin 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 decreased by 9 bps to 32.28% in 2026.
• The last three Operating Margin figures came in at 32.28% (Q1 2026), 35.37% (Q4 2025), and 31.65% (Q3 2025), per Business Quant data.