Apple Q2 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
- Dec 28, 2025 – Mar 28, 2026
- Reported
- May 1, 2026
Revenue$111.2B
+17% year over year
Gross profit$54.8B
49% margin
Operating profit$35.9B
32% margin
Net profit$29.6B
27% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 111.2 | 100% | +17% |
| iPhone | 57.0 | 51% | +22% |
| Services | 31.0 | 28% | +16% |
| Mac | 8.4 | 8% | +6% |
| Wearables | 7.9 | 7% | +5% |
| iPad | 6.9 | 6% | +8% |
| Cost of revenue | −56.4 | 51% | |
| Gross profit | 54.8 | 49% margin | +2pp |
| R&D | −11.4 | 10% | +1pp |
| Sales & marketing | −5.2 | 5% | +0pp |
| G&A | −2.3 | 2% | +0pp |
| Operating profit | 35.9 | 32% margin | +1pp |
| Interest & other costs | −0.1 | ||
| Tax | −6.3 | ||
| Net profit | 29.6 | 27% margin | +1pp |
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