Abstract:
On November 3, Apple (NASDAQ: AAPL) today released its fourth quarter and full-year financial reports for fiscal year 2026 as of September 26. The financial report shows that Apple’s total revenue in the fourth quarter was US$114.477 billion, an increase of 12% from US$102.466 billion in the same period last year; net profit was US$30.711 billion, an increase of 12% from US$27.466 billion in the same period last year.
Apple’s fourth-quarter revenue, iPhone revenue and earnings per share all hit new highs for the quarter, and service business revenue hit a record high.
Share price performance:
Apple’s fourth-quarter revenue exceeded expectations, and iPhone revenue exceeded expectations, but revenue in China fell short of expectations. The stock price rose less than 1% after the bell.
Apple stock price rose 0.47% after hours
Apple shares opened at $342.67 on the Nasdaq exchange on Monday. As of Monday's close, Apple's stock price fell by $6.31 to close at $338.32, a decrease of 1.83%. As of press time, Apple's stock price rose $1.58 to $339.90 in after-hours trading, an increase of 0.47%. In the past 52 weeks, Apple's stock price has been as high as $351.73 and as low as $243.42.
Fourth quarter results highlights:
——Total revenue was US$114.477 billion, an increase of 12% from US$102.466 billion in the same period last year;
·Product revenue was US$82.904 billion, an increase of 12% from US$73.716 billion in the same period last year;
·Service revenue was US$31.573 billion, an increase of 10% from US$28.750 billion in the same period last year;
——Gross profit was US$54.820 billion, an increase of 13% from US$48.341 billion in the same period last year; gross profit margin was 48%;
——Total operating expenses were US$19.189 billion, an increase of 21% from US$15.914 billion in the same period last year;
——Operating profit was US$35.631 billion, an increase of 10% from US$32.427 billion in the same period last year;
——Net profit was US$30.711 billion, an increase of 12% from US$27.466 billion in the same period last year;
——Diluted earnings per share were US$2.10, an increase of 14% from US$1.85 in the same period last year.
By product:
——The revenue of the iPhone business in the fourth fiscal quarter was US$57.583 billion, an increase of 17% from US$49.025 billion in the same period last year;
——Mac business revenue in the fourth fiscal quarter was US$10.792 billion, an increase of 24% from US$8.726 billion in the same period last year;
——The revenue of the iPad business in the fourth fiscal quarter was US$6.229 billion, a decrease of 10% from US$6.952 billion in the same period last year;
——The fourth quarter revenue of the wearable, home and accessories business was US$8.300 billion, a decrease of 8% from US$9.013 billion in the same period last year;
——The fourth quarter revenue of the services business was US$31.573 billion, an increase of 10% from US$28.750 billion in the same period last year.
By region:
——Greater China (Mainland China, Hong Kong, Macau and Taiwan) fourth quarter revenue was US$17.539 billion, an increase of 21% from US$14.493 billion in the same period last year;
——The fourth quarter revenue of the Americas was US$48.680 billion, an increase of 10% from US$44.192 billion in the same period last year;
——The fourth quarter revenue of the European region was US$32.008 billion, an increase of 12% from US$28.703 billion in the same period last year;
——Japan’s fourth quarter revenue was US$6.540 billion, down 1% from US$6.636 billion in the same period last year;
——Rest of Asia Pacific fourth quarter revenue was US$9.710 billion, an increase of 15% from US$8.442 billion in the same period last year.
FY2026 results:
——Revenue was US$478.834 billion, an increase of 15% from US$416.161 billion in fiscal year 2025;
——Net profit was US$132.175 billion, an increase of 18% from US$112.010 billion in fiscal 2025.
Shareholder returns
Apple’s board of directors announced that it will distribute a cash dividend of US$0.27 per common share to common shareholders registered as of the closing of the stock market on November 12, 2026, with the payment date being November 16, 2026.
Executive comments:
Apple CEO John Ternus said: "Today, Apple is proud to report that September quarter revenue reached a record $114.5 billion, up 12% year-over-year, with iPhone setting a September quarter record and services hitting an all-time high, capping off our best fiscal year ever. We ended the year with our most ambitious product lineup yet. This includes the most transformative iPhone Duo since the original generation, and our most powerful iPhone 18 yet. Pro and iPhone 18 Pro Max. We’ve also just launched a new generation of hardware for the home and bringing touch to Mac for the first time. Plus, it’s an amazing lineup heading into the holiday season.”
Apple CFO Kevan Parekh "Apple delivered record September quarter net income and earnings per share," said Parekh. "Our record September quarter capped off a strong fiscal 2026 with record full-year revenue of $479 billion and double-digit earnings per share growth this quarter. We generated $28 billion in operating cash flow, enabling us to return $28 billion to shareholders, driven by our high levels of customer satisfaction and loyalty, and our active installed base reached all-time highs across all major product categories and geographies."
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