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Apple AAPL Net margin

Net margin at other companies

HP logo
HPHPQ
4.4%-0.2pp
Microsoft logo
MicrosoftMSFT
39.3%+3.6pp
Qualcomm logo
QualcommQCOM
26.8%+3.4pp
Amazon logo
AmazonAMZN
10.6%+0.5pp
Netflix logo
NetflixNFLX
28.5%+5.4pp
Zoom Video Communications, Inc. logo
Zoom Video Communications, Inc.ZM
42%+19.7pp

Other financials

Income statement

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Revenue$111.18B+16.6%
Gross profit$54.8B+22.1%
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$4.35T+11.7%
Enterprise value$4.38T+10.6%
P/E35.5×-4.5×
P/S9.6×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp

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.

Based on trailing twelve months.

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 net margin?
Apple (AAPL) reported net margin of 27.2% in Q1 2026.
How has Apple's net margin changed year-over-year?
Apple's net margin increased by 11.7% year-over-year, from 24.3% to 27.2%.
What is the long-term trend for Apple's net margin?
Over 4 years (2021 to 2025), Apple's net margin has grown at a 1.0% compound annual growth rate (CAGR), from 96.1% to 99.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.