Filing Flows › Apple (AAPL) › Q4 FY26 › vs Q4 FY25
Apple (AAPL) Q4 FY26 vs Q4 FY25 (year over year)
Apple's revenue rose $12.0B (+12%) from $102.5B in Q4 FY25 to $114.5B in Q4 FY26. Gross margin 47.9% against 47.2% (+0.7 pts).
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 draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 47.9% | 47.2% | +0.7 pts |
| Operating margin | 31.1% | 31.6% | -0.5 pts |
| Net margin | 26.8% | 26.8% | +0.0 pts |
| Free cash flow margin | 22.6% | 25.8% | -3.3 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $114.5B | $102.5B | $12.0B | +12% |
| Gross profit | $54.8B | $48.3B | $6.5B | +13% |
| Cost of revenue | $59.7B | $54.1B | $5.5B | +10% |
| Other income, net | $504M | $377M | $127M | +34% |
| Operating profit | $35.6B | $32.4B | $3.2B | +10% |
| Operating expenses | $19.2B | $15.9B | $3.3B | +21% |
| Pre-tax earnings | $36.1B | $32.8B | $3.3B | +10% |
| Research & development | $11.7B | $8.9B | $2.9B | +32% |
| Sales & marketing | $5.5B | $4.9B | $579M | +12% |
| General & admin | $2.0B | $2.1B | −$168M | -8% |
| Net earnings | $30.7B | $27.5B | $3.2B | +12% |
| Income tax | $5.4B | $5.3B | $86.0M | +2% |
| Depreciation & amortization | $3.5B | $3.1B | $323M | +10% |
| Share-based compensation | $3.3B | $3.2B | $83.0M | +3% |
| Working capital & other | $9.3B | $4.0B | $5.3B | +130% |
| Operating cash flow | $28.1B | $29.7B | −$1.6B | -5% |
| Free cash flow (OCF − capex) | $25.9B | $26.5B | −$627M | -2% |
| Capital expenditures | $2.2B | $3.2B | −$1.0B | -31% |
Questions
How much did Apple's revenue grow year over year in Q4 FY26?
Apple's revenue rose $12.0B (+12%) from $102.5B in Q4 FY25 to $114.5B in Q4 FY26. Gross margin 47.9% against 47.2% (+0.7 pts).