Q3 25 EPS
$1.57
BEAT +9.79%
Est. $1.43
Q3 25 Revenue
$94.04B
vs S&P Since Q3 25
+16.3%
BEATING MARKET
AAPL +32.2% vs S&P +15.9%
Market Reaction
Did AAPL Beat Earnings? Q3 2025 Results
Apple delivered a strong fiscal third quarter, posting diluted EPS of $1.57 against a consensus estimate of $1.43, a beat of 9.79%, as revenue climbed 9.6% year over year to $94.04 billion. The headline driver was a resurgent iPhone business, which g… Read more Apple delivered a strong fiscal third quarter, posting diluted EPS of $1.57 against a consensus estimate of $1.43, a beat of 9.79%, as revenue climbed 9.6% year over year to $94.04 billion. The headline driver was a resurgent iPhone business, which generated $44.58 billion compared to $39.30 billion in the year-ago period, anchoring broader product revenue of $66.61 billion. Services continued its upward trajectory, reaching $27.42 billion versus $24.21 billion a year ago, with the company citing an expanded installed base of active devices across all product categories and geographies as a key tailwind. Gross margin widened to $43.72 billion from $39.68 billion, while net income rose to $23.43 billion from $21.45 billion. Growth was broad-based geographically, with the Americas leading at $41.20 billion and Greater China recovering to $15.37 billion from $14.73 billion. CEO Tim Cook pointed to expanded Apple Intelligence features as a strategic priority, underscoring the company's deepening push into AI integration across its software platforms.
Key Takeaways
- • Double-digit growth in iPhone, Mac, and Services
- • Growth across all five geographic segments
- • All-time high installed base of active devices across all product categories and geographic segments
- • Very high levels of customer satisfaction and loyalty
AAPL YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
AAPL Revenue by Segment
With YoY comparisons, source: SEC Filings
AAPL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment. At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features.”
— Tim Cook, Q3 2025 Earnings Press Release
AAPL Earnings Trends
AAPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AAPL EPS Trend
Earnings per share: estimate vs actual
AAPL Revenue Trend
Quarterly revenue: estimate vs actual
AAPL Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.94 | $2.01 | +3.61% | $111.18B | — |
| Q1 26 BEAT | $2.67 | $2.84 | +6.37% | $143.76B | — |
| Q4 25 BEAT FY | $1.77 | $1.85 | +4.52% | $102.47B | — |
| FY Full Year | — | $7.46 | — | $416.16B | — |
| Q3 25 BEAT | $1.43 | $1.57 | +9.79% | $94.04B | — |
| Q2 25 BEAT | $1.62 | $1.65 | +1.85% | $95.36B | — |
| Q1 25 BEAT | $2.34 | $2.40 | +2.56% | $124.30B | — |
| Q4 24 BEAT FY | $0.95 | $1.64 | +72.63% | $94.93B | — |
| FY Full Year | — | $6.75 | — | $391.04B | — |
| Q3 24 BEAT | $1.34 | $1.40 | +4.48% | $85.78B | — |
| Q2 24 BEAT | $1.50 | $1.53 | +2.00% | $90.75B | — |