AAPL · Q3 FY25 · Mar 30 – Jun 28, 2025
Apple Q3 FY25: where the revenue came from and where it went
Apple Q3 FY25: revenue $94B (+10% year over year). Net profit $23.4B. Largest cohort iPhone $44.6B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Mar 30 – Jun 28, 2025
- Reported
- Aug 1, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$94B
+10% year over year
Gross profit$43.7B
46% margin
Operating profit$28.2B
30% margin
Net profit$23.4B
25% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 94 | 100% | +10% |
| iPhone | 44.6 | 47% | +13% |
| Service | 27.4 | 29% | +13% |
| Mac | 8 | 9% | +15% |
| Wearables Home and Accessories | 7.4 | 8% | −9% |
| iPad | 6.6 | 7% | −8% |
| Cost of revenue | −50.3 | 54% | |
| Gross profit | 43.7 | 46% margin | +0pp |
| Research & development | −8.8 | 9% | +0pp |
| SG&A | −6.7 | 7% | +0pp |
| Operating profit | 28.2 | 30% margin | +0pp |
| Tax | −4.6 | ||
| Interest & other costs | −0.2 | ||
| Net profit | 23.4 | 25% | +0pp |
Older quarters
-
Q2 FY26 3/2026Revenue $111.2B Net margin 27%
-
Q1 FY26 12/2025Revenue $143.8B Net margin 29%
-
Q4 FY25 9/2025Revenue $102.5B Net margin 27%
-
Q2 FY25 3/2025Revenue $95.4B Net margin 26%
-
Q1 FY25 12/2024Revenue $124.3B Net margin 29%
New results in your inbox
When a big company reports, you get the diagram before anyone has time to comment on it. No spam, one-click unsubscribe.