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Apple AAPL Operating margin

Operating margin at other companies

HP logo
HPHPQ
5.3%-1.0pp
Cirrus Logic logo
Cirrus LogicCRUS
23%+1.4pp
Microsoft logo
MicrosoftMSFT
46.8%+1.2pp
Qualcomm logo
QualcommQCOM
23.2%-4.6pp
Sirius XM logo
Sirius XMSIRI
19.1%
Amazon logo
AmazonAMZN
12.1%+0.7pp

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
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

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 operating margin?
Apple (AAPL) reported operating margin of 33.2% in Q2 2026.
How has Apple's operating margin changed year-over-year?
Apple's operating margin increased by 4.1% year-over-year, from 31.9% to 33.2%.
What is the long-term trend for Apple's operating margin?
Over 4 years (2021 to 2025), Apple's operating margin has grown at a 1.8% compound annual growth rate (CAGR), from 29.8% to 32%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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