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Apple AAPL Q1 2025 earnings

Reported January 30, 2025 · After market close

Revenue$124.30BIn lineDiluted EPS$2.40Beat by $0.04
Revenue estimate$124.26B
EPS estimate$2.36

Next report

Jul 30, 2026 (In 3 weeks)
Revenue estimate$108.86B
EPS estimate$1.88

Financials

Q1 2025

Income statement

See full
Revenue$124.30B+4.0%
Gross profit$58.3B+6.2%
Operating income$42.8B+6.1%
Net income$36.3B+7.1%
EPS (diluted)$2.40+10.1%

Balance sheet

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Cash & equivalents$30.3B-27.8%
Total debt$94.8B-10.6%
Total equity$66.8B-9.9%
Total assets$344.09B-2.7%

Cash flow

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Operating cash flow$29.9B-25.0%
CapEx$2.9B+22.9%
Free cash flow$27.0B-28.0%

Valuation & ratios

Valuation

as of 12/28/24
See full
Market cap$3.79T+26.4%
Enterprise value$3.85T+25.9%
P/E39.4×+9.7×
P/S9.6×+1.8×

Profitability

See full
Gross margin46.5%+1.5pp
Operating margin31.8%+1.0pp
Net margin24.3%-1.9pp
FCF margin24.8%-2.9pp

Returns & leverage

See full
Return on equity136.5%-17.7pp
Debt / equity1.4×0.0×
Current ratio0.9×-0.1×

Segments

By segment

See full
Americas$52.6B+4.4%
Europe$33.9B+11.4%
Greater China$18.5B-11.1%
Rest of Asia Pacific$10.3B+1.3%
Japan$9.0B+15.7%

By product

See full
iPhone$69.1B-0.8%
Services$26.3B+13.9%
Wearables, Home and Accessories$11.7B-1.7%
Mac$9.0B+15.5%
iPad$8.1B+15.2%

By geography

See full
Other countries$50.0B+10.0%

Versus estimates

Revenue

Q2 2026$111.18BBeat by $1.7BQ1 2026$143.76BBeat by $5.4BQ4 2025$102.47BBeat by $238.9MQ3 2025$94.0BBeat by $4.5BQ2 2025$95.4BBeat by $816.8M
Q1 2025$124.30BIn line

Diluted EPS

Q2 2026$2.01Beat by $0.09Q1 2026$2.85Beat by $0.18Q4 2025$1.85Beat by $0.12Q3 2025$1.57Beat by $0.13Q2 2025$1.65Beat by $0.02
Q1 2025$2.40Beat by $0.04

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Questions, answered.

When did Apple report Q1 2025 earnings?
Apple (AAPL) reported Q1 2025 earnings on January 30, 2025 after market close.
What were Apple's Q1 2025 revenue and EPS?
Apple reported revenue of $124.30B and diluted EPS of $2.40 for Q1 2025.
Did Apple beat estimates in Q1 2025?
Revenue beat the consensus estimate of $124.26B by $42.6M. EPS beat the consensus estimate of $2.36 by $0.04.
Where can I find Apple's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000320193-25-000007) and the 10-Q periodic report (0000320193-25-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.