Filing Flows › Apple (AAPL) › Operating margin
Apple (AAPL) operating margin by quarter
Apple's operating margin was 31.1% in Q4 FY26 (fourth quarter fiscal 2026), -1.5 pts from Q3 FY26. Over the last 8 quarters it ranged from 30.0% (Q3 FY25) to 35.4% (Q1 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | 31.1% | -1.5 pts | -0.5 pts |
| Q3 FY26 | 32.6% | +0.3 pts | +2.6 pts |
| Q2 FY26 | 32.3% | -3.1 pts | +1.2 pts |
| Q1 FY26 | 35.4% | +3.7 pts | +0.9 pts |
| Q4 FY25 | 31.6% | +1.7 pts | — |
| Q3 FY25 | 30.0% | -1.0 pts | — |
| Q2 FY25 | 31.0% | -3.4 pts | — |
| Q1 FY25 | 34.5% | — | — |
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 operating margin?
Apple's operating margin was 31.1% in Q4 FY26 (fourth quarter fiscal 2026), -1.5 pts from Q3 FY26.
How has Apple's operating margin changed?
Over the last 8 quarters it ranged from 30.0% (Q3 FY25) to 35.4% (Q1 FY26).