AAPL Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-06-28), AAPL reported revenue of $94.0B, gross profit of $43.7B (46.5% gross margin), operating income of $28.2B, and net income of $23.4B (24.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue fell 1.4% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −1.4% | −5.4% | −1.1 pp |
Consensus estimate data is not available for this report.
AAPL Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $94.0B | 100% |
| Cost of Revenue | −$50.3B | 53.5% |
| Gross Profit | $43.7B | 46.5% |
| Research & Development | −$8.9B | 9.4% |
| Selling, General & Administrative | −$6.7B | 7.1% |
| Operating Income | $28.2B | 30.0% |
| Other Income, net | −$171M | 0.2% |
| Income Tax Expense | −$4.6B | 4.9% |
| Net Income | $23.4B | 24.9% |
Source: original SEC filing (filed 2025-07-31). Accession 0000320193-25-000071. Data normalized by EarningsFyi.