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Products → Revenue: $68.7B
Revenue → Cost of revenue: $50.5B
iPhone → Products: $46.8B
Revenue → Gross profit: $44.9B
Cost of revenue → Product costs: $44.0B
Gross profit → Operating profit: $29.6B
Services → Revenue: $26.6B
Operating profit → Net profit: $24.8B
Gross profit → Operating expenses: $15.3B
Operating expenses → R&D: $8.6B
MacBook → Products: $7.9B
Watch & AirPods → Products: $7.5B
Operating expenses → SG&A: $6.7B
Cost of revenue → Service costs: $6.5B
iPad → Products: $6.4B
Operating profit → Tax: $4.5B
Operating profit → Other expense: $0.3B
Cost of revenue
$50.5B
4% Y/Y
Gross profit
$44.9B
6% Y/Y
MacBook
$7.9B
7% Y/Y
Net profit
$24.8B
6% Y/Y
Operating expenses
$15.3B
6% Y/Y
Operating profit
$29.6B
6% Y/Y
Other expense
$0.3B
Product costs
$44.0B
4% Y/Y
Products
$68.7B
3% Y/Y
R&D
$8.6B
8% Y/Y
Revenue
$95.4B
5% Y/Y
SG&A
$6.7B
4% Y/Y
Service costs
$6.5B
7% Y/Y
Services
$26.6B
12% Y/Y
Tax
$4.5B
2% Y/Y
Watch & AirPods
$7.5B
-5% Y/Y
iPad
$6.4B
15% Y/Y
iPhone
$46.8B
2% Y/Y
Apple Q2 FY25 Income Statement
created with SankeyArt.com
2022
Q4
Full Year
2023
Q1
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year
2025
Q1
Q2
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