Apple (AAPL) Operating Margin (2009 - 2026)
Apple posted quarterly Operating Margin of 32.28% for Q1 2026, up 125.0% year-on-year from 14.34% in Q1 2025, and down 8.76% on a QoQ basis from 35.37% in Q4 2025.
Apple (AAPL) has 18 years of Operating Margin data on file, last reported 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.
- Across five years, Operating Margin topped out at 35.37% in Q4 2025 and bottomed at 27.62% in Q3 2022.
- The 5-year median for Operating Margin is 30.74% (2024), against an average of 30.89%.
- The widest annual swing landed in 2022, when Operating Margin tumbled 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 advanced by 10 bps to 33.76% in 2023, then rose by 2 bps to 34.46% in 2024, then increased by 3 bps to 35.37% in 2025, then slipped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,505.01 Bn | 4,436.50 Bn | 54.78 Bn | 32.28% |
| 2 | Sonos | 1.95 Bn | 1.70 Bn | 124.65 Mn | -11.22% |
| 3 | Zepp Health | 1.91 Bn | 1.80 Bn | 34.42 Mn | -4.55% |
| 4 | Vuzix | 331.33 Mn | 310.18 Mn | 375,000.00 | 773.35% |
| 5 | Turtle Beach | 256.59 Mn | 244.27 Mn | 11.29 Mn | -33.34% |
| 6 | Axil Brands | 44.33 Mn | 38.81 Mn | 5.04 Mn | 2.94% |
| 7 | Koss | 39.85 Mn | 21.00 Mn | 1.00 Mn | -25.46% |
| 8 | Foxx Development Holdings | 34.37 Mn | 31.18 Mn | -1.45 Mn | -391.93% |
| 9 | GoPro | 12.18 Mn | -28.54 Mn | 4.31 Mn | -57.79% |
| 10 | Emerson Radio | 8.47 Mn | -4.82 Mn | 206,000.00 | -43.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 32.28% |
| Dec 27, 2025 | 35.37% |
| Sep 27, 2025 | 31.65% |
| Jun 28, 2025 | 29.99% |
| Mar 29, 2025 | 31.03% |
| Dec 28, 2024 | 34.46% |
| Sep 28, 2024 | 31.17% |
| Jun 29, 2024 | 29.56% |
| Mar 30, 2024 | 30.74% |
| Dec 30, 2023 | 33.76% |
| Sep 30, 2023 | 30.13% |
| Jul 1, 2023 | 28.12% |
| Apr 1, 2023 | 29.86% |
| Dec 31, 2022 | 30.74% |
| Sep 24, 2022 | 27.62% |
| Jun 25, 2022 | 27.82% |
| Mar 26, 2022 | 30.82% |
| Dec 25, 2021 | 33.47% |
| Sep 25, 2021 | 28.53% |
| Jun 26, 2021 | 29.63% |
| Mar 27, 2021 | 30.70% |
| Dec 26, 2020 | 30.09% |
| Sep 26, 2020 | 22.84% |
| Jun 27, 2020 | 21.93% |
| Mar 28, 2020 | 22.04% |
| Dec 28, 2019 | 27.85% |
| Sep 28, 2019 | 24.40% |
| Jun 29, 2019 | 21.45% |
| Mar 30, 2019 | 23.12% |
| Dec 29, 2018 | 27.69% |
| Sep 29, 2018 | 25.62% |
| Jun 30, 2018 | 23.68% |
| Mar 31, 2018 | 26.00% |
| Dec 30, 2017 | 29.76% |
| Sep 30, 2017 | 24.95% |
| Jul 1, 2017 | 23.71% |
| Apr 1, 2017 | 26.65% |
| Dec 31, 2016 | 29.81% |
| Sep 24, 2016 | 25.10% |
| Jun 25, 2016 | 23.86% |
| Mar 26, 2016 | 27.67% |
| Dec 26, 2015 | 31.86% |
| Sep 26, 2015 | 28.39% |
| Jun 27, 2015 | 28.39% |
| Mar 28, 2015 | 31.51% |
| Dec 27, 2014 | 32.50% |
| Sep 27, 2014 | 26.51% |
| Jun 28, 2014 | 27.47% |
| Mar 29, 2014 | 29.78% |
| Dec 28, 2013 | 30.32% |
| Sep 28, 2013 | -57.15% |
| Jun 29, 2013 | 26.05% |
| Mar 30, 2013 | 28.80% |
| Dec 29, 2012 | 31.57% |
| Sep 29, 2012 | 30.43% |
| Jun 30, 2012 | 33.04% |
| Mar 31, 2012 | 39.26% |
| Dec 31, 2011 | 37.42% |
| Sep 24, 2011 | -46.36% |
| Jun 25, 2011 | 32.83% |
| Mar 26, 2011 | 31.92% |
| Dec 25, 2010 | 29.27% |
| Sep 25, 2010 | 26.78% |
| Jun 26, 2010 | 26.97% |
| Mar 27, 2010 | 29.48% |
| Dec 26, 2009 | 30.13% |
| Sep 26, 2009 | 30.18% |
| Jun 27, 2009 | 27.04% |
| Mar 28, 2009 | 25.57% |