Apple today announced its fiscal fourth quarter 2025 (calendar third quarter 2025) revenue results. The Company posted quarterly revenue of $94.0 billion and net quarterly profit of $102.5 billion, up 8% year-over-year. Diluted earnings per share was $1.85, up 13% year-over-year on an adjusted basis.
Gross margin for the most recent quarter was 47.2%, compared to 46.2% in the year-ago quarter.
Apple’s board of directors has declared a cash dividend of $0.26 per share of the Company’s common stock. The dividend is payable on November 13 to shareholders of record as of November 10.
Apple set September quarter records for total revenue, iPhone revenue, and earnings per share, and an all-time record for Services revenue.
For the full fiscal year, Apple recorded $416.2 billion in sales and $112.0 billion in net income, compared to $391.0 billion in sales and $93.7 billion in net income for fiscal 2024. Both numbers set all-time fiscal year records for Apple, topping previous highs set in fiscal 2022.
Today, Apple is very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services,” said Tim Cook, Apple’s CEO. “In September, we were thrilled to launch our best iPhone lineup ever, including iPhone 17, iPhone 17 Pro and Pro Max, and iPhone Air. In addition, we launched the fantastic AirPods Pro 3 and the all-new Apple Watch lineup. When combined with the recently announced MacBook Pro and iPad Pro with the powerhouse M5 chip, we are excited to be sharing our most extraordinary lineup of products as we head into the holiday season.”
“Our September quarter results capped off a record fiscal year, with revenue reaching $416 billion, as well as double-digit EPS growth,” said Kevan Parekh, Apple’s CFO. “And thanks to our very high levels of customer satisfaction and loyalty, our installed base of active devices also reached a new all-time high across all product categories and geographic segments.”
As they’ve done for more than five years, Apple is once again not issuing any guidance for the current quarter, which ends in December.
Thomas Monteiro, senior analyst at Investing.com had the following comments about today’s financials:
“While the market remains fixated on AI adoption and monetization, Apple proves that the old recipe still works—at least for another quarter—with solid sales growth in its legacy products and services, supported by a better-than-feared global economy, driving solid revenue expansion.
“While we’re still seeing tariffs eat up some of the company’s margins, the remarkable performance in services, where the company has found its holy grail in terms of pricing power and pricing elasticity, has once again counterbalanced the broader supply chain challenges, even making up for marginally lower-than-expected iPhone 17 sales.
“If Tim Cook delivered a masterclass in supply chain management in Q2—amid all the tariffs—he now delivers a new masterclass in pricing, keeping demand on a high despite the company’s shrinking technological leadership in its legacy businesses.
“Looking forward to Apple’s goals for the next quarter, the deciding factor will once again be China. Investors must keep in mind that the strong economic performance in the country, combined with a weaker dollar, may not persist.
“On the tech front, challenges remain. Apple can only maintain its sales leadership for so long if it continues to fall behind in the innovation arms race. The good news here is that the company will certainly have the means—and the wiggle room—to push forward massively on R&D into early 2026, as some of its competitors face a much more complicated financial situation.”
