Apple (AAPL) EPS History: Diluted Earnings Per Share (2017–2025)

Apple EPS (Diluted): 2017–2025

Apple (AAPL) reported diluted earnings per share of $2.84 in Q4 2025 (October–December 2025), an +18.3% increase year-over-year from $2.40 in Q4 2024.

Important note on stock split: Apple completed a 4-for-1 stock split on August 31, 2020. Quarterly EPS values in this dataset for periods prior to approximately Q4 2018 reflect pre-split figures as originally filed with the SEC. Post-split equivalent values for earlier quarters would be approximately one-quarter of the figures shown. This is consistent with how EDGAR reports the data — the quarterly frame tags were established at the time of filing and are not retroactively restated.

Apple Post-Split EPS Trend (2019 Q4 onwards)

From Q4 2019 (October–December 2019), EPS values are on a fully post-split adjusted basis:

Holiday quarter (October–December) comparison. Source: SEC EDGAR XBRL.

Key EPS Trends

EPS has grown substantially faster than net income over this period. While net income grew from $63.9 billion in 2020 to $117.8 billion in 2025 (84%), diluted EPS grew from approximately $1.00/quarter (post-split) in 2020 to $2.84 in Q4 2025. The difference is Apple’s share repurchase programme, which has reduced the diluted share count from approximately 17 billion shares in 2017 to under 15 billion by 2025, mechanically amplifying per-share metrics.

Apple’s EPS is highly seasonal. The December quarter (holiday iPhone demand) consistently generates the highest EPS of the year, typically 1.5–2x the weakest quarter (usually June). This seasonality is important context when comparing quarter-to-quarter EPS figures.

For investors tracking Apple’s earnings power trajectory, the Q4 series (December quarter, year-over-year) offers the cleanest signal: $1.25 (2019) → $1.68 (2020) → $2.10 (2021) → $1.88 (2022) → $2.18 (2023) → $2.40 (2024) → $2.84 (2025). This series shows consistent compounding of approximately 12–15% annually.

Frequently Asked Questions

What is Apple’s EPS for Q4 2025?

Apple’s diluted EPS was $2.84 in Q4 2025 (October–December 2025), up 18.3% from $2.40 in Q4 2024.

Did Apple’s stock split affect EPS figures?

Yes. Apple completed a 4-for-1 stock split on August 31, 2020. EPS figures in EDGAR for periods before approximately late 2018 reflect pre-split values (roughly 4x the post-split equivalent). The chart and table on this page reflect data as reported in SEC EDGAR XBRL frame tags.

Why does Apple’s EPS grow faster than net income?

Apple repurchases billions of dollars of its own shares annually, reducing the diluted share count. Fewer shares outstanding means net income is spread across fewer shares, increasing EPS even if net income is flat. Apple has reduced its share count by over 40% since 2013.

What was Apple’s EPS for the full year 2025?

Based on the four 2025 calendar quarters, Apple’s diluted EPS averaged approximately $1.77 per quarter in 2025 (post-split basis). The December holiday quarter at $2.84 substantially exceeds the quarterly average.

Related Apple Financial Data

• Apple Net Income History
• Apple Revenue History
• Apple Free Cash Flow History
• Apple Net Profit Margin History
• Consumer Electronics Sector

Data sourced from SEC EDGAR XBRL (EarningsPerShareDiluted). Pre-August 2020 values reflect pre-4:1 split figures as originally filed. Last updated: April 2026.