Apple Inc (AAPL) Earnings Reports & Financial Analysis

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Apple Inc

AAPL

$273.67 0.54%

Exchange: NASDAQ | Sector: Technology | Industry: Consumer Electronics

Q1 2025

Published: Jan 31, 2025

Earnings Highlights

Revenue of $124.30B up 4% year-over-year
EPS of $2.40 increased by 10.1% from previous year
Gross margin of 46.9%
Net income of 36.33B
""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

AAPL

Apple Inc

Period Q1 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 22, 2025

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.

Key Performance Indicators

Revenue

Increasing

124.30B

QoQ: 30.94% | YoY: 3.95%

Gross Profit

Increasing

58.28B

46.88% margin

QoQ: 32.81% | YoY: 6.23%

Operating Income

Increasing

42.83B

QoQ: 44.75% | YoY: 6.09%

Net Income

Increasing

36.33B

QoQ: 146.54% | YoY: 7.12%

EPS

Increasing

2.41

QoQ: 148.45% | YoY: 10.05%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Metrics Overview
- Revenue: $124.3 billion (YoY +4%)
- Gross Profit: $58.3 billion (YoY +6.23%)
- Operating Income: $42.8 billion (YoY +6.09%)
- Net Income: $36.3 billion (YoY +7.12%)
- EPS (Diluted): $2.40 (YoY +10.05%)

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

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	124,300.00	2.40	+4.0%	View
Q4 2024	94,930.00	0.97	+6.1%	View
Q3 2024	85,777.00	1.40	+4.9%	View
Q2 2024	90,753.00	1.53	-4.3%	View
Q1 2024	119,575.00	2.18	+2.1%	View

Apple Inc (AAPL) Q1 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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