AAPL Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-09-27), AAPL reported revenue of $102.5B, gross profit of $48.3B (47.2% gross margin), operating income of $32.4B, and net income of $27.5B (26.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue grew 9.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +9.0% | +17.2% | +1.9 pp |
Consensus estimate data is not available for this report.
AAPL Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $102.5B | 100% |
| Cost of Revenue | −$54.1B | 52.8% |
| Gross Profit | $48.3B | 47.2% |
| Research & Development | −$8.9B | 8.7% |
| Selling, General & Administrative | −$7.0B | 6.9% |
| Operating Income | $32.4B | 31.6% |
| Other Income, net | $377M | 0.4% |
| Income Tax Expense | −$5.3B | 5.2% |
| Net Income | $27.5B | 26.8% |
Source: original SEC filing (filed 2025-10-30). Accession 0000320193-25-000077. Data normalized by EarningsFyi.