AAPL
Apple Q3 FY26 earnings
Revenue $109.4B, up 16% from a year ago. Net income $29.8B.
Apple grew revenue 16% to $109.4B in the June quarter, and net margin rose to 27%. iPhone was $54.3B, half of revenue, up 22% from a year ago; net income came in at $29.8B, up 27%.
Services: $109B in FY25, more than twice FY19.
Apple's Services line brought in $46.3B in FY19 and $109.2B in FY25, more than doubling in six years. Every figure is the category as Apple files it in each 10-K; FY2023 was a 53-week year.
Greater China: $64.4B in FY25, below the FY22 peak.
Greater China peaked at $74.2B in FY22 and came in at $64.4B in FY25. Apple's segment includes Hong Kong and Taiwan, as the filings state; no mainland-only figure is filed anywhere in these 10-Ks.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| iPhone | $54.3B | 49.6% | +22% |
| Services | $30.7B | 28.1% | +12% |
| Mac | $10.4B | 9.5% | +29% |
| Wearables, Home and Accessories | $7.9B | 7.2% | +6% |
| iPad | $6.2B | 5.7% | -6% |
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $109.4B | +16% | |
| Cost of revenue | $54.6B | 49.9% | +9% |
| Gross profit | $54.8B | 50.1% | +25% |
| Operating expenses | $19.1B | 17.4% | +23% |
| Operating income | $35.7B | 32.6% | +27% |
| Pretax income | $36.3B | 33.1% | |
| Income tax | $6.5B | 5.9% | +41% |
| Net income | $29.8B | 27.2% | +27% |
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jun 27, 2026 | $109.4B | $29.8B | 27.2% |
| Mar 28, 2026 | $111.2B | $29.6B | 26.6% |
| Dec 27, 2025 | $143.8B | $42.1B | 29.3% |
| Sep 27, 2025 | $102.5B | $27.5B | 26.8% |
| Jun 28, 2025 | $94.0B | $23.4B | 24.9% |
| Mar 29, 2025 | $95.4B | $24.8B | 26.0% |
| Dec 28, 2024 | $124.3B | $36.3B | 29.2% |
| Sep 28, 2024 | $94.9B | $14.7B | 15.5% |