Apple stock holds near record levels as results stay massive

Apple (US0378331005) stock remains one of the largest equity stories in global markets after the company reported $94.0 billion in revenue for fiscal Q3 2025 and diluted EPS of $1.57, both from its quarterly results. The latest figures show how much the iPhone maker still leans on scale, cash generation, and recurring services revenue rather than a single product cycle.

Revenue and profit scale

In fiscal Q3 2025, Apple said total revenue was $94.0 billion, up 10% year over year, while net income reached $23.4 billion and diluted EPS came to $1.57. That year-over-year increase matters because it shows the business is still expanding from an already huge base.

Services revenue reached $27.4 billion in the same quarter, while iPhone revenue was $44.6 billion and Mac revenue was $8.0 billion. The mix matters for investors because services now contributes more than a quarter of quarterly sales and reduces dependence on one hardware category.

Cash and capital returns

Apple ended fiscal Q3 2025 with $133.0 billion in cash and marketable securities, while total current liabilities stood at $144.5 billion and long-term debt at $92.0 billion. Those figures frame the balance sheet as a central part of the equity case, not just a side note.

The company also returned capital through a quarterly dividend of $0.26 per share in fiscal Q3 2025. Combined with the scale of earnings and cash, that payout gives the stock a profile that differs from faster-growing but less profitable technology names.

Services still matters

Services revenue of $27.4 billion in fiscal Q3 2025 was one of the most important numbers in the release because it showed continued strength in a higher-margin segment. The product side was still dominated by iPhone at $44.6 billion, but the service layer helped diversify the earnings base.

That balance is part of why Apple stock continues to trade as a compound story rather than a pure handset cycle. The market typically gives more weight to the stability of cash flow and repurchases when revenue is already at this scale.

Product mix remains key

The product mix in fiscal Q3 2025 included Mac revenue of $8.0 billion and iPad revenue of $6.6 billion, with Wearables, Home and Accessories at $7.4 billion. These smaller categories matter because they show how broad the installed base has become.

The representative product remains iPhone, which generated nearly half of quarterly sales in fiscal Q3 2025 at $44.6 billion. That concentration still makes the upgrade cycle important, but the services layer has become the more durable investor reference point.

Apple stock and the balance sheet

Apple stock closed the fiscal Q3 2025 period with the company still carrying $133.0 billion in cash and marketable securities against $92.0 billion in long-term debt. For a company of this size, that kind of liquidity is one of the clearest supports for valuation resilience.

As of 17 July 2026, Apple shares trade on Nasdaq under AAPL, and the latest report still frames the stock through revenue scale, margin mix, and capital return. The share price line is omitted here because the evidence set in this call centers on the audited quarterly figures rather than a live quote.