FINHUB Insights

AAPL · Q1 FY26 · Sep 28 – Dec 27, 2025

Apple Q1 FY26: where the revenue came from and where it went

Apple Q1 FY26: revenue $143.8B (+16% year over year). Net profit $42.1B. Largest cohort iPhone $85.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 28 – Dec 27, 2025
Reported
Jan 30, 2026 10-Q
Sankey diagram of Apple's income statement for Q1 FY26: revenue of $143.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

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

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 27, 2025).
ItemValueShare of revenueYear 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−74.552%
Gross profit69.248% margin+1pp
Research & development−3.48%+1pp
Sales & marketing−5.44%+0pp
SG&A−7.55%−1pp
G&A−2.11%+0pp
Operating profit50.935% margin+1pp
Tax−9
Net profit42.129%+0pp
Filing on EDGAR More quarters of AAPL

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters