NASDAQ$AAPL

Apple · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Apple reported its best quarter ever, achieving record revenue and EPS.

Apple announced its fiscal 2025 first quarter results, reporting a record revenue of $124.3 billion, up 4 percent year over year, and a diluted earnings per share of $2.40, up 10 percent year over year.

  • Total company revenue reached an all-time record.
  • EPS reached a new all-time high with double-digit growth.
  • Services revenue achieved a new all-time high.
  • Installed base of active devices reached a new all-time high across all products and geographic segments.

Headline financials

Total Revenue

$124B

Previous: $120B+4.0%
EPS (adj)

$2.40

Previous: $2.18+10.1%
Capital Expenditures

-$2.94B

Previous: -$2.39B-22.9%
Net Income

$36.3B

Previous: $33.9B+7.1%
Operating Income

$42.8B

Previous: $40.4B+6.1%
Gross Profit

$58.3B

Previous: $54.9B+6.2%
R&D Expense

$8.27B

Previous: $7.7B+7.4%
Stock-Based Comp

$3.29B

Previous: $3B+9.6%

Revenue & EPS history

Apple · Revenue · Quarterly

$124B

Q1 2025+4%vs Q1 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Apple · $111B total across 5 segments · Q2 2026

  • Americas
    $45.1B
  • Europe
    $28.1B
  • Greater China
    $20.5B
  • Rest of Asia Pacific
    $9.14B
  • Japan
    $8.4B

Forward guidance

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend and future business plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.2%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.7%

Avg return

30 days after

63%

46 / 73 earnings

Positive

+11.8%

Q3 2020

Best reaction

-10.8%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+5.4%+6.0%+15.0%
Q1 2026-0.5%+7.1%+2.3%
Q4 2025-4.9%-0.5%+2.7%
Q3 2025-3.8%+2.7%+11.8%
Q2 2025-3.8%-8.0%-5.8%
Q1 2025-0.7%-2.2%+1.8%
Q4 2024-3.1%-2.9%+3.1%
Q3 2024-1.0%-6.7%+3.1%
Q2 2024+8.3%+7.7%+13.6%
Q1 2024+0.8%+2.7%-2.6%
Q4 2023+1.5%+4.5%+9.9%
Q3 2023-5.5%-6.6%-1.6%
Q2 2023+3.7%+2.6%+8.1%
Q1 2023+6.2%+6.3%+3.9%
Q4 2022+4.3%+0.9%-0.8%
Q3 2022+3.6%+2.1%+4.4%
Q2 2022+0.7%+1.9%-4.4%
Q1 2022+6.7%+9.3%+3.2%
Q4 2021+0.6%+0.8%+5.3%
Q3 2021-2.7%-2.1%-1.0%
Q2 2021-0.7%-1.4%-7.3%
Q1 2021-4.2%-6.3%-15.3%
Q4 2020-2.1%-0.7%+4.8%
Q3 2020+11.8%+15.4%+31.3%
Q2 2020+0.5%+3.4%+10.5%
Q1 2020+5.0%+0.2%-11.5%
Q4 2019+2.3%+5.8%+9.8%
Q3 2019+1.6%-2.7%-0.3%
Q2 2019+2.9%+3.5%-12.9%
Q1 2019+5.7%+6.5%+10.8%
Q4 2018-5.2%-6.9%-18.4%
Q3 2018+6.1%+9.5%+18.5%
Q2 2018+6.8%+11.2%+13.1%
Q1 2018-4.1%-2.6%+5.2%
Q4 2017+3.4%+4.7%+2.5%
Q3 2017+5.6%+5.2%+10.3%
Q2 2017+0.3%+1.6%+4.5%
Q1 2017+5.9%+6.1%+14.2%
Q4 2016-1.7%-3.3%-5.5%
Q3 2016+5.8%+7.1%+10.5%
Q2 2016-6.9%
Q1 2016-6.0%
Q4 2015+3.5%
Q3 2015-5.2%
Q2 2015+0.2%
Q1 2015+1.9%
Q4 2014+4.9%
Q3 2014+3.5%
Q2 2014+6.8%
Q1 2014-7.2%
Q4 2013-1.8%
Q3 2013+3.3%
Q2 2013+1.7%
Q1 2013-10.8%
Q4 2012-2.1%
Q3 2012-4.8%
Q2 2012+6.7%
Q1 2012+4.5%
Q4 2011+1.7%
Q3 2011+2.7%
Q2 2011+3.1%
Q1 2011-2.4%
Q4 2010-0.9%
Q3 2010+2.8%
Q2 2010+8.9%
Q1 2009+4.1%
Q1 2010+4.1%
Q4 2007-5.0%
Q4 2009-5.0%
Q3 2009+4.3%
Q3 2008+4.3%
Q4 2008+4.3%
Q2 2009+4.3%

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