Apple Sets New Records for Revenue and EPS in September Quarter, Announces $102.5 Billion in Quarterly Revenue

Strategic Insights -

Apple today announced that it has set new records for total company revenue, iPhone revenue, and EPS Services revenue in the September quarter, with quarterly revenue reaching $102.5 billion, up 8 percent year over year. Diluted earnings per share were $1.85, up 13 percent year over year on an adjusted basis. The Company also announced a new September quarter revenue record for iPhone and an all-time revenue record for Services.

The strong financial results were driven by the success of Apple's new iPhone lineup, including the iPhone 17, iPhone 17 Pro, and iPhone Air, as well as the launch of the AirPods Pro 3 and the all-new Apple Watch lineup. The Company's installed base of active devices also reached a new all-time high across all product categories and geographic segments.

Key Takeaways:

  • Apple recorded a new September quarter revenue record of $102.5 billion, up 8 percent year over year.
  • iPhone revenue reached a new September quarter record, with $49.025 billion in revenue.
  • EPS Services revenue reached an all-time high, with $28.75 billion in revenue.
  • The Company also announced a new September quarter revenue record for Wearables, Home, and Accessories, with $9.013 billion in revenue.
  • Apple's installed base of active devices reached a new all-time high across all product categories and geographic segments.
  • The Company's operating income was $32.427 billion, up 10 percent year over year.
  • The Company's net income was $27.466 billion, up 87 percent year over year.
  • Apple's board of directors declared a cash dividend of $0.26 per share of the Company's common stock.

Statistics:

  • September quarter revenue: $102.5 billion, up 8% year over year.
  • iPhone revenue: $49.025 billion, up 6% year over year.
  • EPS Services revenue: $28.75 billion, up 16% year over year.
  • Operating income: $32.427 billion, up 10% year over year.
  • Net income: $27.466 billion, up 87% year over year.
  • Installed base of active devices: reached a new all-time high across all product categories and geographic segments.
  • Cash dividend: declared at $0.26 per share.

Sources:

  • Apple Inc. financial press release, dated October 31, 2025.
  • Apple Inc. Condensed Consolidated Statements of Operations (Unaudited) and Condensed Consolidated Balance Sheets (Unaudited) for the fiscal 2025 fourth quarter.
  • Apple Inc. Reconciliation of 2024 Non-GAAP to GAAP Results of Operations (Unaudited) for the fiscal 2024 fourth quarter.