Apple (AAPL) AAPL quarter Financial Results Summary

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Apple Inc. (AAPL) Q4 2025 Financial Results Summary

Apple Inc. released its financial results for the fourth quarter of fiscal 2025 on September 27, 2025. The results highlight significant growth across various business segments, underscoring the company’s continued strength in the technology market.

Key Financial Highlights

  • Total Revenue:

  • Reported at $102.5 billion, reflecting an 8% increase compared to $94.93 billion in Q4 2024.

  • Earnings Per Share (EPS):

  • Diluted EPS of $1.85, which is a 13% rise compared to $0.97 in the same period last year.

  • Net Income:

  • Recorded at $27.47 billion compared to $14.74 billion in Q4 2024, representing an approximate doubling in net income year-over-year.

  • Gross Margin:

  • Stood at $48.34 billion, up from $43.88 billion in the previous year.

  • Operating Income:

  • Increased to $32.43 billion, from $29.59 billion in Q4 2024.

  • Total Assets:

  • Decreased slightly to $359.24 billion from $364.98 billion in Q4 2024.

  • Cash and Cash Equivalents:

  • Increased to $35.93 billion, rising from $29.94 billion year-over-year.

Segment Performance

Product Sales

  • iPhone:

  • Sales totaled $49.03 billion, marking a 6% growth from $46.22 billion a year earlier.

  • Mac:

  • Revenues reached $8.73 billion, a 12.7% increase from $7.74 billion in Q4 2024.

  • iPad:

  • Sales were reported at $6.95 billion, which is close to flat compared to $6.95 billion in Q4 2024.

  • Wearables, Home, and Accessories:

  • Revenue of $9.01 billion, slightly lower than $9.04 billion in the previous year.

  • Services:

  • Reached a record of $28.75 billion, up 15% from $24.97 billion in Q4 2024, highlighting the continued growth in Apple’s services segment.

Geographic Sales Breakdown

  • Americas:

  • $44.19 billion, up 6% from $41.66 billion.

  • Europe:

  • $28.70 billion, a 15.1% increase from $24.92 billion.

  • Greater China:

  • $14.49 billion, a 3.6% decrease from $15.03 billion.

  • Japan:

  • $6.64 billion, a 12% increase from $5.93 billion.

  • Rest of Asia Pacific:

  • $8.44 billion, a 14.3% increase from $7.38 billion.

Operating Expenses

  • Total operating expenses were $15.91 billion, compared to $14.29 billion in the same quarter last year, reflecting a perhaps necessary increase in research and development efforts.

Cash Flow and Financing

  • Cash Used in Financing Activities:

  • Totaled to $120.69 billion, slightly lower than $121.98 billion in Q4 2024.

  • Dividends:

  • The Board declared a cash dividend of $0.26 per share, payable on November 13, 2025.

  • Share Repurchase:

  • Repurchases of common stock amounted to $90.71 billion, down from $94.95 billion in the previous year, indicating continued commitment to returning capital to shareholders.

Conclusion

Apple Inc.’s Q4 2025 financial results reflect robust performance and significant year-over-year growth in key metrics, especially in revenue and net income. The new product launches and continued expansion in services appear to contribute positively to the company’s financial strength as it approaches the holiday season.

Here are the extracted tables from the press release:

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(In millions, except number of shares, which are reflected in thousands, and per-share amounts)

Three Months Ended Twelve Months Ended
September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Net sales:
Products $73,716 $69,958 $307,003 $294,866
Services 28,750 24,972 109,158 96,169
Total net sales(1) 102,466 94,930 416,161 391,035
Cost of sales:
Products 47,019 44,566 194,116 185,233
Services 7,106 6,485 26,844 25,119
Total cost of sales 54,125 51,051 220,960 210,352
Gross margin 48,341 43,879 195,201 180,683
Operating expenses:
Research and development 8,866 7,765 34,550 31,370
Selling, general and
administrative 7,048 6,523 27,601 26,097
Total operating expenses 15,914 14,288 62,151 57,467
Operating income 32,427 29,591 133,050 123,216
Other income/(expense), net 377 19 -321 269
Income before provision 32,804 29,610 132,729 123,485
for income taxes
Provision for income 5,338 14,874 20,719 29,749
taxes
Net income $27,466 $14,736 $112,010 $93,736
Earnings per share:
Basic $1.85 $0.97 $7.49 $6.11
Diluted $1.85 $0.97 $7.46 $6.08
Shares used in computing
earnings per
share:
Basic 14,815,307 15,171,990 14,948,500 15,343,783
Diluted 14,863,609 15,242,853 15,004,697 15,408,095
(1)Net sales by
reportable segment:
Americas $44,192 $41,664 $178,353 $167,045
Europe 28,703 24,924 111,032 101,328
Greater China 14,493 15,033 64,377 66,952
Japan 6,636 5,926 28,703 25,052
Rest of Asia Pacific 8,442 7,383 33,696 30,658
Total net sales $102,466 $94,930 $416,161 $391,035
(1)Net sales by category:
iPhone $49,025 $46,222 $209,586 $201,183
Mac 8,726 7,744 33,708 29,984
iPad 6,952 6,950 28,023 26,694
Wearables, Home and 9,013 9,042 35,686 37,005
Accessories
Services 28,750 24,972 109,158 96,169
Total net sales $102,466 $94,930 $416,161 $391,035

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In millions, except number of shares, which are reflected in thousands, and par value)

September 27, 2025 September 28, 2024
ASSETS:
Current assets:
Cash and cash equivalents $35,934 $29,943
Marketable securities 18,763 35,228
Accounts receivable, net 39,777 33,410
Vendor non-trade receivables 33,180 32,833
Inventories 5,718 7,286
Other current assets 14,585 14,287
Total current assets 147,957 152,987
Non-current assets:
Marketable securities 77,723 91,479
Property, plant and equipment, net 49,834 45,680
Other non-current assets 83,727 74,834
Total non-current assets 211,284 211,993
Total assets $359,241 $364,980
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable $69,860 $68,960
Other current liabilities 66,387 78,304
Deferred revenue 9,055 8,249
Commercial paper 7,979 9,967
Term debt 12,350 10,912
Total current liabilities 165,631 176,392
Non-current liabilities:
Term debt 78,328 85,750
Other non-current liabilities 41,549 45,888
Total non-current liabilities 119,877 131,638
Total liabilities 285,508 308,030
Commitments and contingencies
Shareholders’ equity:
Common stock and additional paid-in
capital, $0.00001 par value:
50,400,000 shares authorized;
14,773,260 issued and
outstanding, respectively 93,568 83,276
Accumulated deficit -14,264 -19,154
Accumulated other comprehensive loss -5,571 -7,172
Total shareholders’ equity 73,733 56,950
Total liabilities and $359,241 $364,980
shareholders’ equity

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