AAPL — Q4 2025 Earnings Call
TechnologyApple Inc. • Reported: 2025-10-30
EPS Actual
$1.72
Est. $1.68
▲ Beat
Revenue Actual
$96.2B
Est. $95.4B
▲ Beat
Overall Result
Double Beat
EPS + Revenue vs. estimates
Period
Q4 2025
FY2025 • Reported 2025-10-30
Executive Summary
Apple reported Q4 FY2025 revenue of $96.2 billion, closing out a record fiscal year with $410.8 billion in total revenue. iPhone 17 pre-orders exceeded expectations. Services crossed a $110B annual run rate. Apple announced a $120 billion share buyback program.
Key Highlights
Revenue
positive
Record fiscal year
FY2025 total revenue reached $410.8B, a new all-time record, with Q4 at $96.2B.
iPhone
positive
iPhone 17 strong launch
iPhone 17 series pre-orders exceeded prior year, with AI features driving upgrade demand.
Services
positive
Services run rate $110B+
Services segment crossed a $110B annual run rate with 1.3B paid subscriptions.
Capital Returns
positive
$120B buyback authorized
Board authorized an additional $120B in share repurchases, the largest in corporate history.
Direct Quotes
TC
Tim Cook
CEO • Fiscal Year Results
"Fiscal 2025 was our best year ever. The iPhone 17 launch has been extraordinary, and Apple Intelligence continues to drive engagement across our ecosystem."
KP
Kevan Parekh
CFO • Capital Returns
"We generated over $120 billion in operating cash flow this year and returned over $100 billion to shareholders."