Apple Reports $114.5 Billion September-Quarter Revenue, $479 Billion for Fiscal 2026

Apple reported record revenue for its fiscal fourth quarter and full fiscal year, saying results were lifted by strong iPhone and Services sales as the company closed what it called its best fiscal year ever.

For the quarter ended Sept. 26, 2026, Apple said in a Nov. 2 press release and accompanying consolidated financial statements that revenue rose 12% to $114.5 billion, or $114,477 million. For the full fiscal year, Apple reported record revenue of $478.834 billion, which it rounded to $479 billion in the release.

Quarterly net income was $30.711 billion, while diluted earnings per share rose 14% from a year earlier to $2.10. Gross margin was 47.9%, and Apple said that figure included a favorable impact of about 1 percentage point from tariff refunds. The company also said tariff refunds added $0.05 to earnings per share, providing important context for the quarter’s profitability.

Apple’s two biggest growth drivers in the quarter were iPhone and Services. iPhone revenue totaled $57.583 billion, while Services brought in $31.573 billion. Apple said iPhone reached a September-quarter record and Services reached an all-time high.

“Today, Apple is proud to report a September quarter revenue record of $114.5 billion, up 12 percent from a year ago, with iPhone reaching a September quarter record and Services reaching an all-time high, capping off our best fiscal year ever,” CEO John Ternus said in the release.

The report is among Apple’s first earnings releases since the company’s leadership change on Sept. 1, when Ternus became CEO and longtime chief executive Tim Cook became executive chairman. Kevan Parekh is Apple’s chief financial officer.

Apple said it generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders during the same period. Its board declared a cash dividend of $0.27 per share, payable Nov. 16, 2026, to shareholders of record as of the close of business on Nov. 12, 2026.

Parekh said Apple delivered September-quarter records for net income and earnings per share, adding that the quarter capped a strong fiscal 2026 with all-time record revenue of $479 billion and double-digit EPS growth.

The results capped a fiscal year in which Apple said revenue reached a new high, underscoring the scale of its iPhone business and the continuing expansion of Services, while the company separately disclosed that tariff refunds also boosted margin and per-share earnings in the quarter.