Apple gross and operating margin by quarter
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-10-16, from How to Read a 10-Q: Quarterly Filing Guide.
| quarter_end_date | gross_margin_pct | operating_margin_pct |
|---|---|---|
| 2023-07-01 | 44.5 | 28.1 |
| 2023-09-30 | 45.2 | 30.1 |
| 2023-12-30 | 45.9 | 33.8 |
| 2024-03-30 | 46.6 | 30.7 |
| 2024-06-29 | 46.3 | 29.6 |
| 2024-09-28 | 46.2 | 31.2 |
| 2024-12-28 | 46.9 | 34.5 |
| 2025-03-29 | 47.1 | 31 |
| 2025-06-28 | 46.5 | 30 |
| 2025-09-27 | 47.2 | 31.6 |
| 2025-12-27 | 48.2 | 35.4 |
- Rows × columns
- 11 × 3
- Period covered
- to
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
quarter_end_date |
date | 2023-07-01 to 2025-12-27 | |
gross_margin_pct |
number | 44.5 to 48.2 | percent |
operating_margin_pct |
number | 28.1 to 35.4 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
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SELECT
toString(period_end) AS quarter_end_date,
round(100 * toFloat64(argMax(gross_profit, (filing_date, period_end)))
/ toFloat64(argMax(revenue, (filing_date, period_end))), 1) AS gross_margin_pct,
round(100 * toFloat64(argMax(operating_income, (filing_date, period_end)))
/ toFloat64(argMax(revenue, (filing_date, period_end))), 1) AS operating_margin_pct
FROM global_markets.stocks_income_statements
WHERE has(tickers, 'AAPL')
AND timeframe = 'quarterly'
AND period_end >= '2023-07-01'
GROUP BY period_end
HAVING argMax(revenue, (filing_date, period_end)) > 0
ORDER BY period_end
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