Apple Inc. (AAPL) Operating margin 2016–2025
Apple Inc. (AAPL) operating margin by fiscal year — reported operating income divided by reported revenue.
32.0%FY2025 · since FY2016: 27.8% → 32.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 32.0% | +0.5 pp |
| FY2024 | 31.5% | +1.7 pp |
| FY2023 | 29.8% | -0.5 pp |
| FY2022 | 30.3% | +0.5 pp |
| FY2021 | 29.8% | +5.6 pp |
| FY2020 | 24.1% | -0.4 pp |
| FY2019 | 24.6% | -2.1 pp |
| FY2018 | 26.7% | -0.1 pp |
| FY2017 | 26.8% | -1.1 pp |
| FY2016 | 27.8% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice