Q4 25 EPS
$1.85
BEAT +4.52%
Est. $1.77
Q4 25 Revenue
$102.47B
vs S&P Since Q4 25
-4.6%
TRAILING MARKET
AAPL +1.1% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$7.46
FY 25 Revenue
$416.16B
Market Reaction
Did AAPL Beat Earnings? Q4 2025 Results
Apple closed out fiscal 2025 on a strong note, posting fiscal fourth-quarter revenue of $102.47 billion, up 7.9% year over year, and delivering earnings per share of $1.85 against a Wall Street consensus of $1.77, a beat of 4.52%. The headline driver… Read more Apple closed out fiscal 2025 on a strong note, posting fiscal fourth-quarter revenue of $102.47 billion, up 7.9% year over year, and delivering earnings per share of $1.85 against a Wall Street consensus of $1.77, a beat of 4.52%. The headline driver was Services, which set a revenue record at $28.75 billion, up from $24.97 billion a year ago, underscoring how Apple's software and subscription ecosystem increasingly anchors its financial results. IPhone remained the largest product category at $49.02 billion, lifted by the September launches of the iPhone 17 family and the new iPhone Air, with carrier data pointing to strong network performance accelerating customer upgrades. Greater China softness, where revenue slipped to $14.49 billion from $15.03 billion, was more than offset by acceleration in Europe and the Americas. Looking ahead, Apple enters the holiday quarter with its broadest product lineup yet, including M5-powered Macs and iPads, and an installed base of active devices that management described as reaching a new high across all categories and geographies.
Key Takeaways
- • September quarter record for iPhone revenue
- • Services revenue reached all-time high at $28.75 billion
- • 8% year-over-year total revenue growth
- • Strong growth in Europe and Rest of Asia Pacific
- • Installed base of active devices reached all-time high across all product categories and geographic segments
AAPL YoY Financials
Q4 2025 vs Q4 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 very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services.”
— Tim Cook, Q4 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 | — |