What is Apple's operating income?

Apple (AAPL) reported operating income of $35.89B in Q1 2026.

How has Apple's operating income changed year-over-year?

Apple's operating income increased by 21.3% year-over-year, from $29.59B to $35.89B.

What is the long-term trend for Apple's operating income?

Over 4 years (2021 to 2025), Apple's operating income has grown at a 5.1% compound annual growth rate (CAGR), from $108.95B to $133.05B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Apple AAPL Operating Income

Operating Income at other companies

HPHPQ

$612M-6.4%

MicrosoftMSFT

$38.4B+20.0%

QualcommQCOM

$2.31B-26.0%

Sirius XMSIRI

$454M+17.3%

AmazonAMZN

$23.85B+29.6%

Logitech InternationalLOGI

$135.8M+28.2%

Segments

By segment

See full

Americas$19.37B+15.5%

Europe$13.05B+26.5%

Greater China$9.19B+38.7%

Rest of Asia Pacific$4.13B+38.2%

Japan$3.84B+11.8%

Other financials

Income statement

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Revenue$111.18B+16.6%

Gross profit$54.8B+22.1%

Net income$29.6B+19.4%

EPS (diluted)$2.01+21.8%

Balance sheet

See full

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

See full

Operating cash flow$28.7B+19.8%

CapEx$2.0B-35.8%

Free cash flow$26.7B+28.0%

Valuation

See full

Market cap$4.04T+34.6%

Enterprise value$4.08T+33.0%

P/E33×+2.1×

P/S9×+1.5×

Profitability

See full

Gross margin47.9%+1.2pp

Operating margin32.6%+0.8pp

Net margin27.2%+2.9pp

FCF margin28.6%+4.0pp

Returns & leverage

See full

Return on equity141.5%+3.5pp

Debt / equity0.8×-0.6×

Current ratio1.1×+0.2×

Where this comes from

Reported directly by Apple in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: Apple (AAPL) reported operating income of $35.89B in Q1 2026.
How has Apple's operating income changed year-over-year?: Apple's operating income increased by 21.3% year-over-year, from $29.59B to $35.89B.
What is the long-term trend for Apple's operating income?: Over 4 years (2021 to 2025), Apple's operating income has grown at a 5.1% compound annual growth rate (CAGR), from $108.95B to $133.05B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.