Net Profit Margin snapshot
Apple's net margin was 26.9% in FY2025, compared with 24.0% in FY2024. On a trailing-twelve-month basis it was 27.2% as of Q2 FY26. Net profit margin is net income divided by revenue — the share of sales that becomes bottom-line profit after all costs, interest, and taxes.
Net Profit Margin (latest FY)
26.9%
Net Profit Margin (TTM)
27.2%
Gross margin (latest FY)
46.9%
Operating margin (latest FY)
32.0%
Apple Net Profit Margin
Net income ÷ revenue
Net Profit Margin vs. related metrics
Apple Net Profit Margin — by fiscal year
| Fiscal year | Net margin | Gross margin | Operating margin |
|---|---|---|---|
| FY2025 | 26.9% | 46.9% | 32.0% |
| FY2024 | 24.0% | 46.2% | 31.5% |
| FY2023 | 25.3% | 44.1% | 29.8% |
| FY2022 | 25.3% | 43.3% | 30.3% |
| FY2021 | 25.9% | 41.8% | 29.8% |
| FY2020 | 20.9% | 38.2% | 24.1% |
| FY2019 | 21.2% | 37.8% | 24.6% |
| FY2018 | 22.4% | 38.3% | 26.7% |
| FY2017 | 21.1% | 38.5% | 26.8% |
| FY2016 | 21.2% | 39.1% | 27.8% |
| FY2015 | 22.8% | 40.1% | 30.5% |
| FY2014 | 21.6% | 38.6% | 28.7% |
| FY2013 | 21.7% | 37.6% | 28.7% |
| FY2012 | 26.7% | 43.9% | 35.3% |
| FY2011 | 23.9% | 40.5% | 31.2% |
| FY2010 | 21.5% | 39.4% | 28.2% |
| FY2009 | 19.2% | 40.1% | 27.4% |
| FY2008 | 16.3% | 35.2% | 22.2% |
| FY2007 | 14.6% | 34.0% | 18.4% |
| FY2006 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Net margin | Gross margin | Operating margin |
|---|---|---|---|
| Q2 FY26 | 27.2% | 47.9% | 32.6% |
| Q1 FY26 | 27.0% | 47.3% | 32.4% |
| Q4 FY25 | 26.9% | 46.9% | 32.0% |
| Q3 FY25 | 24.3% | 46.7% | 31.9% |
| Q2 FY25 | 24.3% | 46.6% | 31.8% |
| Q1 FY25 | 24.3% | 46.5% | 31.8% |
| Q4 FY24 | 24.0% | 46.2% | 31.5% |
| Q3 FY24 | 26.4% | 46.0% | 31.3% |
| Q2 FY24 | 26.3% | 45.6% | 31.0% |
| Q1 FY24 | 26.2% | 45.0% | 30.8% |
| Q4 FY23 | 25.3% | 44.1% | 29.8% |
| Q3 FY23 | 24.7% | 43.4% | 29.2% |
Figures normalized from SEC filings. See the full Apple ratios & metrics.