AAPL Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-03-29), AAPL reported revenue of $95.4B, gross profit of $44.9B (47.1% gross margin), operating income of $29.6B, and net income of $24.8B (26.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue grew 5.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +5.1% | +4.8% | −0.1 pp |
| Quarter over quarter | −23.3% | −31.8% | −3.2 pp |
Consensus estimate data is not available for this report.
AAPL Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $95.4B | 100% |
| Cost of Revenue | −$50.5B | 52.9% |
| Gross Profit | $44.9B | 47.1% |
| Research & Development | −$8.6B | 9.0% |
| Selling, General & Administrative | −$6.7B | 7.1% |
| Operating Income | $29.6B | 31.0% |
| Interest Expense | −$279M | 0.3% |
| Other Income, net | −$279M | 0.3% |
| Income Tax Expense | −$4.5B | 4.8% |
| Net Income | $24.8B | 26.0% |
Source: original SEC filing (filed 2025-05-01). Accession 0000320193-25-000055. Data normalized by EarningsFyi.