KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Apple (AAPL) Operating Margin (2016 - 2026)

Apple filings provide 18 years of Operating Margin readings, the most recent being 32.28% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 125.0% to 32.28% in Q1 2026 year-over-year; TTM through Mar 2026 was 32.64%, a 83.0% increase, with the full-year FY2025 number at 31.97%, up 46.0% from a year prior.
  • Operating Margin hit 32.28% in Q1 2026 for Apple, down from 35.37% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 35.37% in Q4 2025 to a low of 27.62% in Q3 2022.
  • Median Operating Margin over the past 5 years was 30.74% (2024), compared with a mean of 30.89%.
  • Biggest five-year swings in Operating Margin: plummeted -273bps in 2022 and later surged 302bps in 2023.
  • Apple's Operating Margin stood at 30.74% in 2022, then rose by 10bps to 33.76% in 2023, then grew by 2bps to 34.46% in 2024, then rose by 3bps to 35.37% in 2025, then dropped by -9bps to 32.28% in 2026.
  • The last three reported values for Operating Margin were 32.28% (Q1 2026), 35.37% (Q4 2025), and 31.65% (Q3 2025) per Business Quant data.