Apple has reported its financials for the first quarter of 2025, and as promised it was record-breaking, with growth in nearly every market segment, and every hardware category.
The first quarter of the fiscal year for Apple has concluded, and the company has released details of its initial salvo for 2026. The first quarter is usually the biggest, due to heavy seasonality of sales and the fall launches, and this year is no different.
In the first quarter, Apple's revenue reached $143.8 billion, up from $124.3 billion reported one year ago in Q1 2025. The Earnings Per Share is listed at $2.84.
Revenue from iPhone was $85.3 billion, up from $69.1 billion in the year-ago quarter. iPad revenue of $8.6 billion is a positive change from $7.01 billion in Q1 2025.
Mac revenue of $8.39 billion is down from $8.9 billion seen in last year's first quarter results. Wearables, Home, and Accessories reported $11.49 billion in Q1 2026, slightly down from $11.747 billion in Q1 2025.
Apple Quarterly Revenue and Net Profit, as of end of January 2026
Services has been an extremely reliable growth center for Apple, and it continues to do so for Q1 2025. The $30.013 billion it produced is again up from the Q1 2025 figure of $26.34 billion.
Apple's board of directors declared a cash dividend of $0.26 per share of common stock.
During Q4 2025, Apple saw numerous product launches at the end of the period, including the iPhone 17 family of smartphones, iPhone Air, Apple Watch Series 11, Apple Watch SE 3, Apple Watch Ultra 3, and AirPods Pro 3. As is usual, those launches will have made a minimal impact on the bottom line of the quarter itself, but would be more fully felt during the entire Q1 2026 period.
Apple revenue by unit, as of end of January 2026
There were also some product launches in October, including the M5 upgrade of the iPad Pro, the M5 Apple Vision Pro, and the M5 14-inch MacBook Pro. While sales from these products didn't happen throughout the entire quarter, the early-in-period launches mean there will be some impact from them in the period, especially when considering seasonal sales patterns.
"iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago," said CEO Tim Cook in prepared statements.
He continued, "We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world."
"During the December quarter, our record business performance and strong margins led to EPS growth of 19 percent, setting a new all-time EPS record," said Kevan Parekh, Apple's CFO. "These exceptionally strong results generated nearly $54 billion in operating cash flow, allowing us to return almost $32 billion to shareholders."
