Apple Closes Fiscal 2026 With Record Revenue of 478 Billion Dollars
Apple closed its 2026 fiscal year on September 26, 2026, with a total revenue of $478.8 billion, marking a 15% increase compared to 2025, according to financial data reported by melamorsicata.it. The tech giant also posted a net income of $132.2 billion and a diluted earnings per share of $8.98, representing a 20% rise from the previous period. These figures, officially consolidated in the Form 10-K filed with the SEC on November 3, 2026, show a period of accelerated financial expansion that surpassed prior annual growth rates of 6% in 2025 and 2% in 2024. Operating income reached $158.1 billion, up 19%, while the company generated an operating cash flow of $145.1 billion and returned $102 billion to shareholders.
The fiscal year also marked a transition in leadership, as John Ternus took over as chief executive officer from Tim Cook on September 1, 2026. cryptonomist.ch reported that this transition coincided with a fourth-quarter revenue beat that reached $114.5 billion, topping analyst consensus expectations of $113.39 billion. iPhone sales drove the performance, hitting $57.58 billion in the final quarter alone—a 17.5% year-over-year increase—bolstered by the September 18 launch of the iPhone 18 Pro and iPhone 18 Pro Max models. Meanwhile, Mac revenues recorded the fastest divisional growth at 23.7%, reaching $10.79 billion due to strong demand for MacBook Neo and MacBook Pro units.
Greater China Leads International Market Recovery
Regional performance showed broad-based gains across international markets, led by a notable rebound in Greater China. cryptonomist.ch noted that Greater China grew by 21% in the final quarter, outpacing other regions, while the Americas grew by 10.2% and Europe by 11.5%, with the rest of Asia-Pacific expanding by 15%, though Japan saw a slight 1.4% dip in quarterly figures. Product categories displayed diverging trajectories over the full fiscal term. iPhone generated $254.1 billion, growing 21.2% and capturing over 53% of total company revenue. Services reached a historic high of $123.3 billion, growing 13% annually, though momentum slowed slightly with quarterly growth dipping below 10% to 9.8% in the final period. Conversely, iPad revenues slipped 10,4% to $6,23 billion and Wearables, Home, and Accessories fell 7,9% to $8,3 billion.
Rising Component Costs Create Operational Headwinds
Ternus noted that the redesigned Siri currently handles approximately 2.5 billion requests daily. The SEC filing highlights growing operational headwinds, specifically regarding component costs and trade policies. Apple warned in the Form 10-K that it faces memory costs and duties. In addition, gross margins faced pressure, though a fourth-quarter gross margin of 47.9% received a roughly one-percentage-point boost from tariff refunds.
Apple Projects Revenue Growth for Holiday Quarter
Looking toward the holiday quarter, Apple projected revenue growth between 7% and 10%, alongside a compressed gross margin estimated between 45% and 46%.