What is Apple's gross profit?

Apple (AAPL) reported gross profit of $54.78B in Q1 2026.

How has Apple's gross profit changed year-over-year?

Apple's gross profit increased by 22.1% year-over-year, from $44.87B to $54.78B.

What is the long-term trend for Apple's gross profit?

Over 4 years (2021 to 2025), Apple's gross profit has grown at a 6.3% compound annual growth rate (CAGR), from $152.84B to $195.2B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Apple AAPL Gross Profit

Gross Profit at other companies

HPHPQ

$3.02B+10.1%

MicrosoftMSFT

$56.06B+16.4%

QualcommQCOM

$5.7B-5.7%

Logitech InternationalLOGI

$483.28M+10.9%

NetflixNFLX

$6.36B+20.5%

GarminGRMN

$1.04B+17.8%

Other financials

Income statement

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Revenue$111.18B+16.6%

Operating income$35.9B+21.3%

Net income$29.6B+19.4%

EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%

Total debt$82.7B-10.3%

Total equity$106.49B+59.4%

Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%

CapEx$2.0B-35.8%

Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.04T+34.6%

Enterprise value$4.08T+33.0%

P/E33×+2.1×

P/S9×+1.5×

Profitability

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Gross margin47.9%+1.2pp

Operating margin32.6%+0.8pp

Net margin27.2%+2.9pp

FCF margin28.6%+4.0pp

Returns & leverage

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Return on equity141.5%+3.5pp

Debt / equity0.8×-0.6×

Current ratio1.1×+0.2×

Where this comes from

Calculated from Apple’s reported figures.

$111.18Btotal revenue−$56.4Btotal cost of revenue=$54.78B

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's gross profit?: Apple (AAPL) reported gross profit of $54.78B in Q1 2026.
How has Apple's gross profit changed year-over-year?: Apple's gross profit increased by 22.1% year-over-year, from $44.87B to $54.78B.
What is the long-term trend for Apple's gross profit?: Over 4 years (2021 to 2025), Apple's gross profit has grown at a 6.3% compound annual growth rate (CAGR), from $152.84B to $195.2B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.