Apple Q1 FY26: where the revenue came from and where it went
The whole income statement of Apple for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Sep 28 – Dec 27, 2025
- Reported
- Jan 30, 2026
Revenue$143.8B
+16% year over year
Gross profit$69.2B
48% margin
Operating profit$50.9B
35% margin
Net profit$42.1B
29% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 143.8 | 100% | +16% |
| iPhone | 85.3 | 59% | +23% |
| Services | 30.0 | 21% | +14% |
| Wearables | 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 |
| R&D | −10.9 | 8% | +1pp |
| Sales & marketing | −5.4 | 4% | +0pp |
| G&A | −2.1 | 1% | +0pp |
| Operating profit | 50.9 | 35% margin | +1pp |
| Other income, net | 0.2 | ||
| Tax | −8.9 | ||
| Net profit | 42.1 | 29% margin | +0pp |
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