Products → Revenue: $80.2BiPhone → Products: $57.0BRevenue → Cost of revenue: $56.4BRevenue → Gross profit: $54.8BCost of revenue → Product costs: $49.2BGross profit → Operating profit: $35.9BServices → Revenue: $31.0BOperating profit → Net profit: $29.6BGross profit → Operating expenses: $18.9BOperating expenses → R&D: $11.4BMacBook → Products: $8.4BWatch & AirPods → Products: $7.9BOperating expenses → SG&A: $7.5BCost of revenue → Service costs: $7.2BiPad → Products: $6.9BOperating profit → Tax: $6.3BOperating profit → Other expense: $0.1BCost of revenue$56.4B12% Y/YGross profit$54.8B22% Y/YMacBook$8.4B6% Y/YNet profit$29.6B19% Y/YOperating expenses$18.9B24% Y/YOperating profit$35.9B21% Y/YOther expense$52M-81% Y/YProduct costs$49.2B12% Y/YProducts$80.2B17% Y/YR&D$11.4B34% Y/YRevenue$111.2B17% Y/YSG&A$7.5B11% Y/YService costs$7.2B12% Y/YServices$31.0B16% Y/YTax$6.3B38% Y/YWatch & AirPods$7.9B5% Y/YiPad$6.9B8% Y/YiPhone$57.0B22% Y/YApple Q2 FY26 Income Statement
2020
Full Year
2021
Full Year
2022
Q4 Full Year
2023
Q1 Q2 Q3 Q4 Full Year
2024
Q1 Q2 Q3 Full Year
2025
Q1 Q2 Q3 Full Year
2026
Q1 Q2
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