"We achieved all-time revenue records across the majority of the countries and regions we track, including the Americas, Europe, Japan, and the rest of Asia Pacific."
— Tim Cook
03Detailed Report
AAPL
Apple Inc
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 13, 2026
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Executive Summary
Apple Inc reported impressive results for Q1 2025, achieving a historic revenue of $124.3 billion, a 4% increase year-over-year. Driven by strong demand across its products and services, the company also set an all-time record EPS of $2.40, reflecting a 10% increase from the previous year. The growth was bolstered by the performance of the iPhone and the ongoing expansion of services, which now comprises nearly $100 billion in revenue across the past year. Management expressed optimism about the future, particularly regarding Apple's innovations in AI and their gradual rollout, which are expected to enhance user engagement and satisfaction.
The overall revenue growth was supported by continual investments in product innovation and strategic user engagement initiatives. Notably, the gross margin improved to 46.9%, up 70 basis points sequentially, largely due to a favorable product mix and efficiencies within the supply chain. This highlights Apple’s robust operational management, effectively leveraging its ecosystem to capitalize on consumer demand across various segments.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
124.30B
3.95%
30.94%
Gross Profit
58.28B
6.23%
32.81%
Operating Income
42.83B
6.09%
44.75%
Net Income
36.33B
7.12%
146.54%
EPS
2.41
10.05%
148.45%
Key Financial Ratios
Gross Profit Margin
Good
46.90%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
34.50%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
29.20%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Good
10.60%
Return on assets shows solid performance and effective asset utilization
Return on Equity
Strong
54.40%
Return on equity demonstrates excellent capital efficiency and value creation
Current Ratio
Concern
0.92
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
1.45
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Growth
26.53x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
57.74x
Very high premium suggests asset-light business model or lofty expectations
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