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Apple AAPL Greater China — Operating Income

Other segment segments

Americas
$19.37B+15.5%
Europe
$13.05B+26.5%
Rest of Asia Pacific
$4.13B+38.2%
Japan
$3.84B+11.8%

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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$4.52T+43.4%
Enterprise value$4.56T+42.3%
P/E35×+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:OperatingIncomeLoss.

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
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
Net sales$40,315$24,454$16,002$7,298$7,290$95,359
Cost of sales(21,094)(13,025)(8,794)(3,610)(3,969)(50,492)

Item 1. Financial Statements

FAQ

What is Apple's greater china — operating income?
Apple (AAPL) reported greater china — operating income of $9.19B in Q1 2026.
How has Apple's greater china — operating income changed year-over-year?
Apple's greater china — operating income increased by 38.7% year-over-year, from $6.63B to $9.19B.
What is the long-term trend for Apple's greater china — operating income?
Over 4 years (2021 to 2025), Apple's greater china — operating income has grown at a -1.4% compound annual growth rate (CAGR), from $28.5B to $26.92B.
What does greater china — operating income mean?
The profit earned from business operations in Greater China after deducting regional cost of sales and operating expenses from regional net sales. This metric measures the fundamental profitability of the geographic segment before the allocation of corporate-level costs like interest and taxes. It highlights the region's contribution to the company's overall bottom line and its operational health.

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