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Apple (AAPL) gross margin by quarter
Apple's gross margin was 47.9% in Q4 FY26 (fourth quarter fiscal 2026), -2.2 pts from Q3 FY26. Over the last 8 quarters it ranged from 46.5% (Q3 FY25) to 50.1% (Q3 FY26).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | 47.9% | -2.2 pts | +0.7 pts |
| Q3 FY26 | 50.1% | +0.8 pts | +3.6 pts |
| Q2 FY26 | 49.3% | +1.1 pts | +2.2 pts |
| Q1 FY26 | 48.2% | +1.0 pts | +1.3 pts |
| Q4 FY25 | 47.2% | +0.7 pts | — |
| Q3 FY25 | 46.5% | -0.6 pts | — |
| Q2 FY25 | 47.1% | +0.2 pts | — |
| Q1 FY25 | 46.9% | — | — |
Q4 FY26 at a glance
Apple, Q4 FY26: revenue $114.5B (+12% year over year), operating margin 31.1%, net earnings $30.7B, operating cash flow $28.1B. The chart follows the revenue to costs, profit and cash.
Questions
What is Apple's gross margin?
Apple's gross margin was 47.9% in Q4 FY26 (fourth quarter fiscal 2026), -2.2 pts from Q3 FY26.
How has Apple's gross margin changed?
Over the last 8 quarters it ranged from 46.5% (Q3 FY25) to 50.1% (Q3 FY26).