Apple (AAPL) Gross Profit History: Quarterly Data (2017–2025)
Apple quarterly gross profit from 2017 Q1 through 2025 Q4, sourced from SEC EDGAR XBRL. Interactive chart, year-over-year growth, and annual gross profit by year.
| Quarter | Gross Profit (USD) | YoY Change |
|---|
Source: SEC EDGAR XBRL (GrossProfit). Quarters marked * are derived (annual filing minus prior three quarters). Calendar year quarters shown.
Apple Gross Profit: 2017–2025
Apple (AAPL) reported quarterly gross profit of $69.2 billion in Q4 2025 (October–December 2025), an +18.8% increase year-over-year from $58.3 billion in Q4 2024. Gross profit is revenue minus cost of goods sold (COGS), and is the foundation for Apple’s operating and net profitability. See Apple Gross Margin History for the margin percentage trend.
Full-year 2025 gross profit reached $206.2 billion, the first time Apple has exceeded $200 billion in annual gross profit. This compares to $100.0 billion in 2018, reflecting both strong revenue growth and a significant improvement in gross margin percentage driven by the ongoing shift toward higher-margin Services revenue.
Apple Annual Gross Profit by Year
| Year | Value | YoY Change |
|---|---|---|
| 2025 | $206.2B | +12.0% |
| 2024 | $184.1B | +6.0% |
| 2023 | $173.7B | +4.1% |
| 2022 | $166.9B | +2.5% |
| 2021 | $162.8B | +42.7% |
| 2020 | $114.1B | +12.3% |
| 2019 | $101.6B | +1.6% |
| 2018 | $100.0B | +8.8% |
| 2017 | $91.9B | — |
Calendar year totals (Q1–Q4). Source: SEC EDGAR XBRL.
Key Gross Profit Trends
Apple’s gross profit growth has consistently outpaced revenue growth since 2021, reflecting margin expansion rather than pure scale. In 2021, gross profit grew 42.7% while revenue grew 28.7%. In 2025, gross profit grew 11.9% on 10.1% revenue growth — both years demonstrating operating leverage through Services mix improvement.
The 2017–2020 period saw gross profit grow modestly from $91.9B to $114.1B on revenue growth of $54.9B — a relatively thin gross profit conversion due to flat hardware margins and minimal Services contribution. From 2020 to 2025, gross profit doubled from $114.1B to $206.2B while revenue grew only 48%, driven almost entirely by Services becoming a meaningful share of the revenue mix.
Gross profit is sensitive to component costs and foreign exchange. The 2022 slowdown ($162.8B to $166.9B) partly reflects elevated memory, display, and logic chip costs that compressed the gross profit dollar per unit even as volumes held firm.
Frequently Asked Questions
What is Apple’s gross profit for Q4 2025?
Apple’s gross profit was $69.2 billion in Q4 2025 (October–December 2025), up 18.8% from $58.3 billion in Q4 2024.
What is Apple’s annual gross profit?
Apple’s full-year 2025 gross profit was $206.2 billion, up from $184.1 billion in 2024. Apple first exceeded $100 billion in annual gross profit in 2018.
What drives Apple’s gross profit growth?
Apple’s gross profit growth is driven by two factors: revenue volume growth (more iPhones, Macs, and services sold) and gross margin expansion from the shift toward higher-margin Services revenue such as the App Store, iCloud, and Apple TV+.
How does Apple’s gross profit compare to its revenue?
Apple converts approximately 46–48% of revenue into gross profit as of 2025, up from 38% in 2017. This gross margin improvement reflects the growing share of Services in Apple’s revenue mix.
Related Apple Financial Data
- Apple Revenue History
- Apple Gross Margin History
- Apple Operating Income History
- Apple Net Income History
- Gross Margin explained
- Consumer Electronics Sector
Data sourced from SEC EDGAR XBRL. Calendar year quarters shown. Last updated: April 2026.
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