Apple Q4 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
- Jun 28 – Sep 26, 2026
- Reported
- Nov 3, 2026
Revenue$114.5B
+12% year over year
Gross profit$54.8B
48% margin
Operating profit$35.6B
31% margin
Net profit$30.7B
27% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 114.5 | 100% | +12% |
| iPhone | 57.6 | 50% | +17% |
| Services | 31.6 | 28% | +10% |
| Mac | 10.8 | 9% | +24% |
| Wearables | 8.3 | 7% | −8% |
| iPad | 6.2 | 6% | −10% |
| Cost of revenue | −59.7 | 52% | |
| Gross profit | 54.8 | 48% margin | +1pp |
| R&D | −11.7 | 10% | +2pp |
| Sales & marketing | −5.5 | 5% | +0pp |
| G&A | −2.0 | 2% | +0pp |
| Operating profit | 35.6 | 31% margin | −1pp |
| Other income, net | 0.5 | ||
| Tax | −5.4 | ||
| Net profit | 30.7 | 27% margin | +0pp |
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