Apple reported fiscal fourth-quarter revenue of $114.477 billion, rounded to $114.5 billion, in its 2 November release. Revenue rose 12% year on year. The quarter ended on 26 September 2026, so the figures describe completed September-quarter trading rather than sales of products announced after that period.
Diluted earnings per share reached $2.10, up 14%. Apple explicitly said the result included a favourable $0.05-per-share effect from tariff refunds. Gross margin was 47.9%, including a favourable impact of approximately one percentage point from the same refunds. Readers should retain both qualifications when comparing profitability.
Verified figures
| Measure | Reported figure | Basis / qualification |
|---|---|---|
| Revenue | $114.477 billion | +12% year on year, rounded growth |
| Services revenue | $31.573 billion | Unaudited quarterly statements |
| Net income | $30.711 billion | Unaudited quarterly statements |
| Diluted EPS | $2.10 | +14%; includes $0.05 tariff-refund benefit |
| Gross margin | 47.9% | Includes about 1 percentage point from tariff refunds |
How to read the results
The accompanying unaudited consolidated statements show Services revenue of $31.573 billion and net income of $30.711 billion. Consolidated means the figures cover the group on a combined accounting basis. Revenue is the value of sales recognised during the period; net income is the profit remaining after the expenses and taxes reflected in the statements. They are not interchangeable.
Gross margin measures sales left after the cost of sales, before operating expenses and other charges. A percentage-point contribution describes a change in a rate, not a percentage increase in revenue. The stated refund benefits do not by themselves establish how much of the improvement will recur in future quarters. All financial amounts here are U.S. dollars.
What to watch
The next comparison should separate recurring product and Services performance from the disclosed refund effect. These records establish quarterly financial results, but not future demand, a market-price reaction or a guaranteed investment outcome.
Related reporting: CapKet business coverage.
Official sources
Apple — official record. Sources observed: .
Apple — official record. Sources observed: .
AI-assisted reporting checked against the linked official primary records; no independent human review is claimed. The original CapKet AI illustration is conceptual and does not depict an actual issuer product, facility or event. Information only; not investment advice.