AAPL · 10-K · 2026A · Full report

Operating Expense Trends

Apple Inc. · 2026-11-03 · Importance 47 · Surprise 48

Fiscal 2026 operating expenses increased 21.5% to $75.539 billion from $62.151 billion. Research and development expense rose 32.5% to $45.765 billion, primarily because of higher infrastructure-related costs, including artificial intelligence investments, and headcount-related expenses. Selling, general and administrative expense increased 7.9% to $29.774 billion, with the increase attributed to various factors that were not significant individually or in aggregate.

Key facts

• Research and development expense increased in 2026 compared with 2025 primarily due to higher infrastructure-related costs, including artificial intelligence investments, and headcount-related expenses. source
• Selling, general and administrative expense increased in 2026 compared with 2025, with no individual factor or aggregate set of factors significant. source