Aptiv (APTV) Q4 FY2025 earnings: revenue $5.2 billion, up 5.0% on the year

Aptiv plc (APTV) reported revenue of $5.2 billion for Q4 FY2025, the quarter ended 31 December 2025, up 5.0% on the same quarter a year earlier. Net income was $138 million, down 48.5% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2026.

Revenue

$5.2 billion

+5.0% on the year · -1.1% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

8.2%

9.8% a year earlier

Q1 FY2024Q4 FY2025

Net income

$138 million

-48.5% on the year

Q1 FY2024Q4 FY2025

Diluted EPS

$0.64

-43.9% on the year

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 36 new.

Full-year revenue rose 3%: Full-year U.S. GAAP revenue was $20.4 billion, up 3%; adjusted for currency and commodity movements, revenue rose 2%.
GAAP net income cut by impairment: Full-year U.S. GAAP net income was $165 million, or $0.75 per diluted share, after a non-cash goodwill impairment of $648 million.
Adjusted EPS rose to $7.82: Full-year adjusted net income was $1,726 million, or $7.82 per diluted share, up from $6.26; adjusted net income rose 7.4%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	5,153	5,212	4,907	-1.1%	+5.0%
Cost of revenue	4,190	4,194	3,945	-0.1%	+6.2%
Gross profit	963	1,018	962	-5.4%	+0.1%
Gross margin	18.7%	19.5%	19.6%
Selling, general and administrative	450	433	363	+3.9%	+24.0%
Operating income	425	-175	479		-11.3%
Operating margin	8.2%	-3.4%	9.8%
Interest expense	87.0	88.0	107	-1.1%	-18.7%
Pre-tax income	354	-243	347		+2.0%
Income tax	196	103	64.0	+90.3%	+206.2%
Effective tax rate	55.4%	n/a	18.4%
Net income	138	-355	268		-48.5%
Net margin	2.7%	-6.8%	5.5%
Diluted EPS	$0.64	-$1.63	$1.14		-43.9%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	818	584	1,060	+40.1%	-22.8%
Capital expenditure	167	143	166	+16.8%	+0.6%
Free cash flow	651	441	894	+47.6%	-27.2%
Free cash flow margin	12.6%	8.5%	18.2%
Cash from investing	-153	-133	577
Cash from financing	-457	-253	-1,077
Depreciation and amortisation	250	249	245	+0.4%	+2.0%
Share-based compensation	26.0	42.0	29.0	-38.1%	-10.3%
Buybacks	301	96.0	0.0	+213.5%
Diluted shares, weighted	216m	217m	235m	-0.6%	-8.2%
Shares outstanding at period end	213m	217m	235m	-1.8%	-9.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	9,207	9,282	8,796	-0.8%	+4.7%
Non-controlling interest	190	180	197	+5.6%	-3.6%
Redeemable equity	102	102	92.0	0.0%	+10.9%
Debt	7,551	7,630	8,352	-1.0%	-9.6%
Operating lease liabilities	401	404	412	-0.7%	-2.7%
Finance lease liabilities	4.0	n/a	5.0		-20.0%
Other liabilities	5,958	5,899	5,604	+1.0%	+6.3%
Total liabilities and equity	23,413	23,497	23,458	-0.4%	-0.2%
Fixed assets	3,774	3,720	3,698	+1.5%	+2.1%
Goodwill	4,596	4,593	5,024	+0.1%	-8.5%
Intangible assets	2,004	2,055	2,140	-2.5%	-6.4%
Securities held for sale or to maturity	58.0	207	161	-72.0%	-64.0%
Trading assets	57.0	205	165	-72.2%	-65.5%
Cash and equivalents	1,851	1,640	1,573	+12.9%	+17.7%
Receivables	3,477	3,713	3,261	-6.4%	+6.6%
Inventory	2,561	2,597	2,320	-1.4%	+10.4%
Other assets	5,035	4,767	5,116	+5.6%	-1.6%
Total assets	23,413	23,497	23,458	-0.4%	-0.2%

Questions

What was Aptiv's revenue in Q4 FY2025?

Aptiv (APTV) reported revenue of $5.2 billion for Q4 FY2025, the quarter ended 31 December 2025, up 5.0% on the same quarter a year earlier.

How much did Aptiv earn in Q4 FY2025?

Net income for Q4 FY2025 was $138 million, down 48.5% on the year, and diluted earnings per share $0.64.

When did Aptiv report Q4 FY2025 results?

Aptiv filed its 10-K for the quarter ended 31 December 2025 with the SEC on 6 February 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025 †	Q3 FY2025 †	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,134	4,178	4,057	4,614	4,640	4,818	5,200	5,114	4,919	4,901	5,051	4,854	4,907	4,825	5,208	5,212	5,153	5,086	3,274	3,199
Cost of revenue	3,543	3,589	3,617	3,821	3,827	4,058	4,336	4,221	3,997	4,023	4,083	3,951	3,945	3,905	4,211	4,194	4,190	4,166	2,499	2,509
Gross profit	591	589	440	793	813	760	864	893	922	878	968	903	962	920	997	1,018	963	920	775	690
Gross margin	14%	14%	11%	17%	18%	16%	17%	17%	19%	18%	19%	19%	20%	19%	19%	20%	19%	18%	24%	22%
SG&A	291	274	286	275	303	342	353	360	381	366	405	331	363	384	406	433	450	427	332	294
Operating income	260	256	97.0	470	440	348	410	446	355	419	441	503	479	448	486	-175	425	378	367	281
Operating margin	6%	6%	2%	10%	9%	7%	8%	9%	7%	9%	9%	10%	10%	9%	9%	-3%	8%	7%	11%	9%
Interest expense	36.0	43.0	56.0	58.0	62.0	67.0	72.0	75.0	71.0	65.0	64.0	101	107	93.0	92.0	88.0	87.0	89.0	62.0	59.0
Pre-tax income	93.0	174	16.0	432	368	280	349	397	311	369	1,028	407	347	355	453	-243	354	285	366	246
Tax rate	0%	12%	100%	14%	7%	12%	9%	-330%	-233%	21%	5%	8%	18%	100%	10%	n/a	55%	28%	14%	15%
Net income	31.0	89.0	-45.0	301	249	162	242	1,629	905	218	938	363	268	-12.0	393	-355	138	189	248	194
Net margin	1%	2%	-1%	7%	5%	3%	5%	32%	18%	4%	19%	7%	5%	-0%	8%	-7%	3%	4%	8%	6%
Diluted EPS	$0.06	$0.27	-$0.23	$1.05	$0.86	$0.54	$0.84	$5.76	$3.22	$0.79	$3.47	$1.48	$1.14	-$0.05	$1.80	-$1.63	$0.64	$0.88	$1.17	$0.94
Operating cash flow	669	-202	95.0	437	933	-9.0	535	746	624	244	643	499	1,060	273	510	584	818	-143	92.0	320
Capital expenditure	181	247	207	212	178	269	222	212	203	265	226	173	166	197	149	143	167	219	59.0	126
Free cash flow	488	-449	-112	225	755	-278	313	534	421	-21.0	417	326	894	76.0	361	441	651	-362	33.0	194
Buybacks	0.0	0.0	0.0	0.0	0.0	68.0	30.0	0.0	300	600	430	3,074	0.0	0.0	0.0	96.0	301	76.0	246	236
Dividends paid	0.0	16.0	16.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	271m	271m	271m	271m	271m	271m	283m	283m	279m	272m	267m	235m	235m	224m	218m	217m	213m	212m	208m	204m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 6 February 2026: the filing.