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
More AAPL financial trends
AAPL RevenueAAPL Net incomeAAPL Net marginAAPL Gross profitAAPL Gross marginAAPL Operating incomeAAPL Operating cash flowAAPL Free cash flowAAPL Capital expendituresAAPL Return on equityAAPL Stock buybacksAAPL Dividends paidAAPL Total assetsAAPL Total liabilitiesAAPL Shareholders’ equityAAPL overview →