AAPL Apple margins

Relative Growth: Rel. Growth: 81

Relative Strength: Rel. Strength: 66

Relative Valuation: Rel. Valuation: 29

Relative Profitability: Rel. Profitability: 94

Gross margin

48.7%

Operating margin

33.2%

EBITDA margin

36.2%

Net margin

27.6%

For the latest period, Apple has a gross margin of 48.7%, an operating margin of 33.2%, an EBITDA margin of 36.2%, and a net margin of 27.6%. Each available margin advanced from the same period last year. Net margin recorded the strongest gain, gaining by 3.3 percentage points.

AAPL margin history

Gross, operating, EBITDA and net margin trends

Apple's margins averaged 46.46% gross, 31.68% operating, 34.53% EBITDA, and 25.82% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

AAPL margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with net margin showing the largest gain at 3.3 percentage points.

Gross margin expansion

2pp

Operating margin expansion

1.3pp

EBITDA margin expansion

1.7pp

Net margin expansion

3.3pp

AAPL Gross margin

Across the last 3 years, Apple's gross margin came to 46.46%. The current gross margin stands at 48.7%, 2.2 percentage points above its three-year average. Gross margin was highest at 48.7% in Jun 2026 and lowest at 44.1% in Sep 2023.

AAPL Operating margin

Apple's operating margin averaged 31.68% during the last 3 years. Compared with its three-year average, Apple's current operating margin is 33.2% and is 1.5 percentage points above its three-year average. Over the last 3 years, Apple's operating margin peaked at 33.2% in Jun 2026 and reached a low of 29.8% in Sep 2023.

AAPL EBITDA margin

Over the last 3 years, the average EBITDA margin for Apple was 34.53%. Apple's current EBITDA margin is 36.2% and is 1.7 percentage points above its three-year average. Apple's EBITDA margin ranged from a low of 32.7% in Sep 2023 to a high of 36.2% in Jun 2026.

AAPL Net margin

Across the last 3 years, Apple had an average net margin of 25.82%. Compared with its three-year average, Apple's current net margin is 27.6% and is 1.8 percentage points above its three-year average. Looking back over the last 3 years, Apple's net margin reached 27.6% at its highest point in Jun 2026 and 24% at its lowest in Sep 2024.

AAPL margin group comparison

Margins compared with peer-group, industry and sector averages

Apple's gross margin of 48.7% is higher than the industry and its peers average but lower than the Technology sector average. Looking at the Technology sector average of 52%, Apple's gross margin is 6% lower.

AAPL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Apple's gross margin?

As of Jun 27, 2026, AAPL has a gross margin of 48.7%.

What is Apple's operating margin?

For the period ending Jun 27, 2026, AAPL recorded an operating margin of 33.2%.

What is Apple's EBITDA margin?

For the period ending Jun 27, 2026, AAPL recorded an EBITDA margin of 36.2%.

What is Apple's net margin?

The current net margin for AAPL is 27.6% as of Jun 27, 2026.

What are the average margins of AAPL?

Over the last 3 years, Apple's margins averaged 46.5% gross, 31.7% operating, 34.5% EBITDA, and 25.8% net.

What are the highest historical margins of AAPL?

Within the 5-year period, AAPL recorded its highest margins at 48.7% gross in Jun 2026, 33.2% operating in Jun 2026, 36.2% EBITDA in Jun 2026, and 27.6% net in Jun 2026.

What are the lowest historical margins of AAPL?

Within the 5-year period, AAPL recorded its lowest margins at 41.8% gross in Sep 2021, 29.2% operating in Apr 2023, 31.5% EBITDA in Jul 2023, and 24% net in Sep 2024.