Apple

AAPL · Information Technology · Market cap $4.87T

Q2 FY26 Dec 28, 2025 – Mar 28, 2026 reported May 1, 2026

Revenue$111.2B +17% year over year

Gross profit$54.8B

Operating profit$35.9B

Net profit$29.6B 27% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Mar 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	111.2	100%	+17%
iPhone	57	51%	+22%
Service	31	28%	+16%
Mac	8.4	8%	+6%
Wearables Home and Accessories	7.9	7%	+5%
iPad	6.9	6%	+8%
Cost of revenue	−56.4	51%
Gross profit	54.8	49% margin	+2pp
Research & development	−3.9	10%	+1pp
Sales & marketing	−5.2	5%	+0pp
SG&A	−7.5	7%	+0pp
G&A	−2.3	2%	+0pp
Operating profit	35.9	32% margin	+1pp
Tax	−6.2
Interest & other costs	−0.1
Net profit	29.6	27%	+1pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	143.8	100%	+16%
iPhone	85.3	59%	+23%
Service	30	21%	+14%
Wearables Home and Accessories	11.5	8%	−2%
iPad	8.6	6%	+6%
Mac	8.4	6%	−7%
Cost of revenue	−74.5	52%
Gross profit	69.2	48% margin	+1pp
Research & development	−3.4	8%	+1pp
Sales & marketing	−5.4	4%	+0pp
SG&A	−7.5	5%	−1pp
G&A	−2.1	1%	+0pp
Operating profit	50.9	35% margin	+1pp
Tax	−9
Net profit	42.1	29%	+0pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Sep 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	102.5	100%	+8%
iPhone	49	48%	+6%
Service	28.8	28%	+15%
Wearables Home and Accessories	9	9%	+0%
Mac	8.7	8%	+13%
iPad	7	7%	+0%
Cost of revenue	−54.1	53%
Gross profit	48.3	47% margin	+1pp
Research & development	−8.9	9%	+0pp
SG&A	−7	7%	+0pp
Operating profit	32.4	32% margin	+0pp
Tax	−5.3
Net profit	27.5	27%	+11pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jun 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	94	100%	+10%
iPhone	44.6	47%	+13%
Service	27.4	29%	+13%
Mac	8	9%	+15%
Wearables Home and Accessories	7.4	8%	−9%
iPad	6.6	7%	−8%
Cost of revenue	−50.3	54%
Gross profit	43.7	46% margin	+0pp
Research & development	−8.8	9%	+0pp
SG&A	−6.7	7%	+0pp
Operating profit	28.2	30% margin	+0pp
Tax	−4.6
Interest & other costs	−0.2
Net profit	23.4	25%	+0pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Mar 29, 2025).
Item	Value	Share of revenue	Year over year
Revenue	95.4	100%	+5%
iPhone	46.8	49%	+2%
Service	26.6	28%	+12%
Mac	7.9	8%	+7%
Wearables Home and Accessories	7.5	8%	−5%
iPad	6.4	7%	+15%
Cost of revenue	−50.5	53%
Gross profit	44.9	47% margin	+0pp
Research & development	−1.9	9%	+0pp
Sales & marketing	−4.7	5%	+0pp
SG&A	−6.7	7%	+0pp
G&A	−2	2%	+0pp
Operating profit	29.6	31% margin	+0pp
Tax	−4.5
Interest & other costs	−0.3
Net profit	24.8	26%	+0pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Dec 28, 2024).
Item	Value	Share of revenue	Year over year
Revenue	124.3	100%	+4%
iPhone	69.1	56%	−1%
Service	26.3	21%	+14%
Wearables Home and Accessories	11.7	9%	−2%
Mac	9	7%	+16%
iPad	8.1	7%	+15%
Cost of revenue	−66	53%
Gross profit	58.3	47% margin	+1pp
Research & development	−1	7%	+0pp
Sales & marketing	−5.1	4%	+0pp
SG&A	−7.2	6%	+0pp
G&A	−2.1	2%	+0pp
Operating profit	42.8	34% margin	+1pp
Tax	−6.3
Interest & other costs	−0.2
Net profit	36.3	29%	+1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Dec 28, 2025 – Mar 28, 2026	May 1, 2026	$111.2B	+17%	32%	$29.6B	27%
Q1 FY26	Sep 28 – Dec 27, 2025	Jan 30, 2026	$143.8B	+16%	35%	$42.1B	29%
Q4 FY25	Jun 29 – Sep 27, 2025	Oct 31, 2025	$102.5B	+8%	32%	$27.5B	27%
Q3 FY25	Mar 30 – Jun 28, 2025	Aug 1, 2025	$94B	+10%	30%	$23.4B	25%
Q2 FY25	Dec 29, 2024 – Mar 29, 2025	May 2, 2025	$95.4B	+5%	31%	$24.8B	26%
Q1 FY25	Sep 29 – Dec 28, 2024	Jan 31, 2025	$124.3B	+4%	34%	$36.3B	29%