Apple Q3 FY25: where the revenue came from and where it went
The whole income statement of Apple for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Mar 30 – Jun 28, 2025
- Reported
- Aug 1, 2025
Revenue$94.0B
+10% year over year
Gross profit$43.7B
46% margin
Operating profit$28.2B
30% margin
Net profit$23.4B
25% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 94.0 | 100% | +10% |
| iPhone | 44.6 | 47% | +13% |
| Services | 27.4 | 29% | +13% |
| Mac | 8.0 | 9% | +15% |
| Wearables | 7.4 | 8% | −9% |
| iPad | 6.6 | 7% | −8% |
| Cost of revenue | −50.3 | 54% | |
| Gross profit | 43.7 | 46% margin | +0pp |
| R&D | −8.9 | 10% | +0pp |
| Sales & marketing | −4.8 | 5% | +0pp |
| G&A | −1.9 | 2% | +0pp |
| Operating profit | 28.2 | 30% margin | +0pp |
| Interest & other costs | −0.2 | ||
| Tax | −4.6 | ||
| Net profit | 23.4 | 25% margin | +0pp |
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