Apple reported record-breaking holiday quarter results today, with $143.8 billion in revenue and iPhone sales hitting an all-time high. The company's installed base now exceeds 2.5 billion active devices worldwide.
For the fiscal first quarter ended December 27, 2025, Apple posted $42.1 billion in net profit, or $2.84 per diluted share. Revenue grew 16% year-over-year from $124.3 billion in the same period last year, while earnings per share increased 19%.
iPhone revenue drove the record performance with what CEO Tim Cook called "unprecedented demand" across all geographic segments. The flagship product accounts for approximately half of Apple's total revenue, which reached $113.7 billion for products alone.
Services revenue also achieved an all-time record, climbing 14% year-over-year to top $30 billion. This segment includes the App Store, music subscriptions, cloud storage, TV+, and video game services.
"We are also excited to announce that our installed base now has more than 2.5 billion active devices," Cook said in the earnings release. He described the milestone as "a testament to incredible customer satisfaction for the very best products and services in the world."
The results delivered on Apple's October 2025 promise that the holiday quarter would be the biggest in company history. At that time, Cook projected 10-12% year-over-year revenue growth and double-digit iPhone revenue expansion.
Apple's financial performance exceeded market expectations, which anticipated $2.68 earnings per share on $138.4 billion revenue according to Bloomberg consensus estimates. The company reported $2.84 per share on $143.8 billion revenue.
Chief Financial Officer Kevan Parekh noted that "record business performance and strong margins led to EPS growth of 19 percent, setting a new all-time EPS record." He added that the results generated nearly $54 billion in operating cash flow, allowing Apple to return almost $32 billion to shareholders.
Apple's board declared a quarterly dividend of $0.26 per share, payable February 12, 2026 to shareholders of record as of February 9. Gross margin for the quarter reached 48.2%, up from 46.9% in the year-ago period.
The company continues its practice of not issuing guidance for the current quarter ending in March, maintaining a policy it has followed for over five years. Apple will host its earnings conference call at 2:00 p.m. Pacific Time today.
With 2.5 billion active devices now in use globally, Apple's ecosystem continues to expand despite increasing competition in both hardware and services markets. The holiday quarter performance demonstrates sustained consumer demand for premium technology products like the upcoming iPhone 18 Pro even amid broader economic uncertainty.
