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Apple AAPL Net margin

Net margin at other companies

HP logo
HPHPQ
4.4%-0.2pp
Cirrus Logic logo
Cirrus LogicCRUS
20.7%+3.3pp
Microsoft logo
MicrosoftMSFT
40.3%+4.2pp
Qualcomm logo
QualcommQCOM
26.8%+3.4pp
Sirius XM logo
Sirius XMSIRI
10.2%
Amazon logo
AmazonAMZN
15.9%+5.4pp

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+50.3%
Enterprise value$4.58T+49.0%
P/E35.2×+4.8×
P/S9.7×+2.3×

Profitability

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Gross margin48.7%+2.0pp
Operating margin33.2%+1.3pp
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

Calculated from Apple’s reported figures.

Based on trailing twelve months.

The source filing: Apple’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 4:30 PM EDT
Accession
0000320193-26-000018

FAQ

What is Apple's net margin?
Apple (AAPL) reported net margin of 27.6% in Q2 2026.
How has Apple's net margin changed year-over-year?
Apple's net margin increased by 13.7% year-over-year, from 24.3% to 27.6%.
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 25.9% to 26.9%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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