Shares in Apple soared to their highest level after the technology giant set records across a range of financial measures in the fourth quarter and 2025 financial year (FY25).
The world’s third-largest company said net income climbed 86% to US$27.466 billion (A$41.9 billion) and diluted earnings per share (EPS) increased 90% to $1.85 on revenue, which rose 8% to $102.5 billion in the three months ended 27 September 2025.
The company, whose products include the iPhone, Mac, iPad, Apple Watch and AirPods, said diluted EPS rose 13% in the September quarter when adjusted for a one-off income tax charge related to the impact of the reversal of a European court decision.
Chief Executive Officer Tim Cook said records were set in Q4 for group, iPhone and Services revenue.
“These results reflect the tremendous customer enthusiasm for Apple products and services, as well as our deep commitment to innovation,” Cook said on an earnings call.
“We are incredibly excited about the strength we're seeing across our products and services, and we expect the December quarter's revenue to be the best ever for the company and the best ever for iPhone.”
Chief Financial Officer Kevan Parekh said the September quarter results capped off a record fiscal year in which net income increased 19% to $112.01 billion and diluted EPS rose 23% to $7.46 on revenue, which grew 6% to a record $416.161 billion.
“And thanks to our very high levels of customer satisfaction and loyalty, our installed base of active devices also reached a new all-time high across all product categories and geographic segments,” Parekh said.
Apple launched the iPhone 17, iPhone 17 Pro and Pro Max, AirPods Pro 3 and a new Apple Watch lineup in Q4.
“When combined with the recently announced MacBook Pro and iPad Pro with the powerhouse M5 chip, we are excited to be sharing our most extraordinary line-up of products as we head into the holiday season,” Cook said.
Revenue and net income in Q4 beat analyst expectations of $102.26 billion and $1.77 per share, according to LSEG data.
Apple shares (NASDAQ: AAPL) closed up $1.70 (0.63%) at $271.40 before the results were released, capitalising the company at $4.03 trillion, and continued rising in after-market trading to a record high of $282.48 before easing to $281.70.
