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Apple AAPL Q2 2025 earnings

Reported May 1, 2025 · After market close

Revenue$95.4BBeat by $816.8M
EPS$1.65Beat by $0.02
Revenue estimate$94.5B
EPS estimate$1.63

Next report

Nov 2, 2026 (In 3 weeks)
Revenue estimate$113.37B
EPS estimate$1.99

Financials

Q2 2025

Income statement

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Revenue$95.4B+5.1%
Gross profit$44.9B+6.1%
Operating income$29.6B+6.1%
Net income$24.8B+4.8%
EPS (diluted)$1.65+7.8%

Balance sheet

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Cash & equivalents$28.2B-17.0%
Total debt$92.2B-10.1%
Total equity$66.8B-10.0%
Total assets$331.23B-1.8%

Cash flow

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Operating cash flow$24.0B+5.6%
CapEx$3.1B+53.9%
Free cash flow$20.9B+0.9%

Valuation & ratios

Valuation

as of 03/29/25
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Market cap$3.34T+26.0%
Enterprise value$3.4T+25.2%
P/E34.3×+7.9×
P/S8.3×+1.4×

Profitability

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Gross margin46.6%+1.0pp
Operating margin31.8%+0.8pp
Net margin24.3%-2.0pp
FCF margin24.6%-2.1pp

Returns & leverage

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Return on equity138%-9.2pp
Debt / equity1.4×0.0×
Current ratio0.8×-0.2×

Segments

By segment

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Americas$40.3B+8.2%
Europe$24.5B+1.4%
Greater China$16.0B-2.3%
Japan$7.3B+16.5%
Rest of Asia Pacific$7.3B+8.4%

By product

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iPhone$46.8B+1.9%
Services$26.6B+11.6%
Mac$7.9B+6.7%
Wearables, Home and Accessories$7.5B-4.9%
iPad$6.4B+15.2%

By geography

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Other countries$50.0B+10.0%

FAQ

When did Apple report Q2 2025 earnings?
Apple (AAPL) reported Q2 2025 earnings on May 1, 2025 after market close.
What were Apple's Q2 2025 revenue and EPS?
Apple reported revenue of $95.4B and eps of $1.65 for Q2 2025.
Did Apple beat estimates in Q2 2025?
Revenue beat the consensus estimate of $94.5B by $816.8M. EPS beat the consensus estimate of $1.63 by $0.02.
How did Apple's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.1% from $90.8B a year earlier and eps grew 7.8% from $1.53.
Where can I find Apple's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000320193-25-000055) and the 10-Q periodic report (0000320193-25-000057) directly on SEC EDGAR. The filing index links above go to sec.gov.