Apple reported strong fourth-quarter results for fiscal 2026 on Monday, with revenue rising 12% year over year to $114.5 billion. The company also reported higher earnings, driven by strong iPhone sales and record revenue from its Services division.
The results covered the quarter ended September 26, 2026, and marked the end of Apple’s best fiscal year to date, according to the company.
Apple reported a gross margin of 47.9%, which included an approximately 1 percentage-point benefit from tariff refunds. Diluted earnings per share (EPS) increased 14% year over year to $2.10 including a $0.05 benefit from tariff refunds.
Apple Q4 2026 Financial Highlights
Quarterly Revenue
$114.5B
+12% YoY
Net Income
$30.7B
Up from $27.5B
Diluted EPS
$2.10
+14% YoY
Gross Margin
47.9%
Including tariff refund benefit
iPhone and Services Lead Revenue Growth
Apple’s iPhone business remained its biggest revenue contributor in the September quarter. iPhone sales reached $57.6 bn, compared with $49 bn in the same quarter last year.
Services revenue also reached a new record, increasing to $31.6 bn from $28.8 bn a year earlier. The segment includes Apple’s digital services and subscriptions.
Mac revenue increased to $10.8 bn, while iPad revenue declined to $6.2 bn. Revenue from Wearables, Home and Accessories also decreased to $8.3 bn.
Apple Q4 2026 Revenue by Product Category
| Product Category | Q4 2026 Revenue |
|---|---|
| iPhone | $57.6 billion |
| Services | $31.6 billion |
| Mac | $10.8 billion |
| Wearables, Home and Accessories | $8.3 billion |
| iPad | $6.2 billion |
| Total Revenue | $114.5 billion |
Source: Apple FY2026 Q4 Consolidated Financial Statements.
Apple Reports Record Fiscal Revenue 2026
Apple reported total revenue of $478.8 bn for fiscal 2026, compared with $416.2 bn in fiscal 2025. This represents an increase of approximately 15%.
The company also reported annual net income of $132.2 bn, up from $112 bn in the previous fiscal year. Diluted earnings per share increased to $8.98 from $7.46.
Apple’s annual financial performance reflected growth across several major business segments, including iPhone, Services, Mac and its international markets.
Apple Reports Strong Profit Growth
Apple’s net income increased to $30.7 billion in the fourth quarter, compared with $27.5 billion in the same period last year.
Operating income reached $35.6 billion, up from $32.4 billion. The company also reported higher earnings per share, supported by increased revenue and overall business performance.
Apple’s gross margin reached 47.9%, with the company noting that tariff refunds contributed approximately one percentage point to the margin.
Apple Returns $28 Billion to Shareholders
Apple generated $28 billion in operating cash flow during the fourth quarter, according to CFO Kevan Parekh. The company returned a similar amount to shareholders through dividends and share repurchases.
Apple’s board of directors declared a cash dividend of $0.27 per share.
The dividend will be paid on November 16, 2026, to shareholders who are on record as of November 12, 2026.
The company also reported that its installed base of active devices reached a new all-time high across major product categories and geographic markets.
Apple’s New Product Lineup
Apple CEO John Ternus highlighted the company’s latest product lineup, which includes the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max.
The company also introduced a new generation of home hardware and brought Touch to Mac for the first time. Apple said its all-new Siri AI is another part of its product strategy as it prepares for the holiday season.
According to Ternus, iPhone reached a September quarter revenue record, while Services achieved an all-time high.
Conclusion
Apple delivered strong financial results for the fourth quarter of fiscal 2026, with revenue, net income and earnings per share increasing year over year. iPhone and Services remained the company’s primary growth drivers, while annual revenue reached a record $478.8 billion.
The company also continued returning cash to shareholders through dividends and share repurchases. With a new product lineup and growing Services revenue, Apple is entering the holiday season following a strong fiscal year.
Read Also – Amazon Q3 2026 Results: Revenue Rises 12% to $201.9 Billion as AWS Growth Accelerates
Frequently Asked Questions (FAQs)
Apple reported quarterly revenue of $114.5 billion for the fourth quarter of fiscal 2026, representing a 12% increase year over year.
Apple reported net income of $30.7 billion in Q4 2026, compared with $27.5 billion in the same quarter of the previous year.
Apple’s diluted earnings per share (EPS) reached $2.10, up 14% year over year. The figure included a $0.05 benefit from tariff refunds.
Apple reported a gross margin of 47.9% for the September quarter. The margin included an approximately 1 percentage-point favorable impact from tariff refunds.
Apple’s revenue increased by 12% year over year, rising from $102.5 billion in Q4 2025 to $114.5 billion in Q4 2026.
Yes. Tariff refunds had a favorable impact of approximately 1 percentage point on Apple’s gross margin and $0.05 on diluted EPS.
Apple reported total fiscal 2026 revenue of approximately $478.8 billion, compared with $416.2 billion in fiscal 2025.
iPhone and Services were Apple’s major revenue contributors. iPhone revenue reached $57.6 billion, while Services revenue reached a record $31.6 billion.
