AAPL Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2024-12-28), AAPL reported revenue of $124.3B, gross profit of $58.3B (46.9% gross margin), operating income of $42.8B, and net income of $36.3B (29.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue grew 4.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +4.0% | +7.1% | +0.9 pp |
| Quarter over quarter | +37.0% | +53.7% | +3.2 pp |
Consensus estimate data is not available for this report.
AAPL Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $124.3B | 100% |
| Cost of Revenue | −$66.0B | 53.1% |
| Gross Profit | $58.3B | 46.9% |
| Research & Development | −$8.3B | 6.7% |
| Selling, General & Administrative | −$7.2B | 5.8% |
| Operating Income | $42.8B | 34.5% |
| Other Income, net | −$248M | 0.2% |
| Income Tax Expense | −$6.3B | 5.0% |
| Net Income | $36.3B | 29.2% |
Source: original SEC filing (filed 2025-01-30). Accession 0000320193-25-000007. Data normalized by EarningsFyi.