FINHUB Insights

AAPL · Q2 FY26 · Dec 28, 2025 – Mar 28, 2026

Apple Q2 FY26: where the revenue came from and where it went

Apple Q2 FY26: revenue $111.2B (+17% year over year). Net profit $29.6B. Largest cohort iPhone $57B. The whole income statement as a sankey diagram from the SEC filing.

Period
Dec 28, 2025 – Mar 28, 2026
Reported
May 1, 2026 10-Q
Sankey diagram of Apple's income statement for Q2 FY26: revenue of $111.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

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

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Mar 28, 2026).
ItemValueShare of revenueYear 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−56.451%
Gross profit54.849% margin+2pp
Research & development−3.910%+1pp
Sales & marketing−5.25%+0pp
SG&A−7.57%+0pp
G&A−2.32%+0pp
Operating profit35.932% margin+1pp
Tax−6.2
Interest & other costs−0.1
Net profit29.627%+1pp
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