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Apple AAPL Americas — Cost of Sales

Other segment segments

Europe
$13.76B+5.6%
Greater China
$10.63B+20.9%
Rest of Asia Pacific
$4.63B+16.7%
Japan
$4.27B+18.2%

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JCIAmericas — Cost of Sales
$2.79B+11.0%
FOS
FOSLAmericas — Cost of Sales
$38.43M-6.3%
ALH
ALHNorth America — Cost of Sales
$203.96M+10.1%
Mattel logo
MATNorth America — Cost of Sales
$304.62M+14.6%

Other financials

Income statement

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Revenue$109.42B+16.4%
Gross profit$54.8B+25.3%
Operating income$35.7B+26.6%
Net income$29.8B+27.1%
EPS (diluted)$2.02+28.7%

Balance sheet

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Cash & equivalents$39.5B+9.0%
Total debt$82.3B-10.3%
Total equity$107.52B+63.3%
Total assets$383.27B+15.6%

Cash flow

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Operating cash flow$34.4B+23.3%
CapEx$2.5B-29.1%
Free cash flow$31.9B+30.8%

Valuation

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Market cap$4.54T+43.4%
Enterprise value$4.58T+42.3%
P/E35.2×+3.3×
P/S9.7×+2.0×

Profitability

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Gross margin48.7%+2.0pp
Operating margin33.2%+1.3pp
Net margin27.6%+3.3pp
FCF margin29.3%+5.7pp

Returns & leverage

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Return on equity148.8%-1.1pp
Debt / equity0.8×-0.6×
Current ratio+0.1×

Where this comes from

Reported directly by Apple in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Apple’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0000320193-26-000013
Line itemAmericasEuropeGreater ChinaJapanRest of Asia PacificCorporateTotal
Net sales$45,093$28,055$20,497$8,401$9,138$111,184
Cost of sales(23,114)(13,756)(10,633)(4,267)(4,633)(56,403)
Research and development(11,419)(11,419)
Selling and marketing(2,606)(1,247)(675)(295)(378)(5,201)
General and administrative(2,276)(2,276)
Operating income/(loss)$19,373$13,052$9,189$3,839$4,127$(13,695)$35,885
Three Months Ended March 29, 2025
AmericasEuropeGreaterChinaJapanRest ofAsia PacificCorporateTotal

Item 1. Financial Statements

FAQ

What is Apple's americas — cost of sales?
Apple (AAPL) reported americas — cost of sales of $23.11B in Q1 2026.
How has Apple's americas — cost of sales changed year-over-year?
Apple's americas — cost of sales increased by 9.6% year-over-year, from $21.09B to $23.11B.
What does americas — cost of sales mean?
The direct costs associated with producing and delivering products and services specifically for the Americas market. This includes manufacturing costs, hardware components, inbound freight, and royalty costs associated with digital content sold in this region.

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