Filing Flows › Popular (BPOP) › Q1 2025
Popular (BPOP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Popular (BPOP) reported revenue of $758M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.3% from the quarter before. Operating margin was 29.4%, net earnings $178M (23.4% of revenue).
Popular, Q1 2025: revenue $758M (+6% year over year), operating margin 29.4%, net earnings $178M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $758M | +0.3% | +6% |
| Operating profit | $223M | +0.4% | +40% |
| Net earnings | $178M | -0.2% | +72% |
| Operating cash flow | $172M | -14% | +6% |
| Free cash flow | $121M | -13% | +12% |
What changed
Revenue was $757.7M in Q1 2025, up 6% year over year and roughly flat from the previous quarter.
Operating profit was $222.6M, a 29.4% margin (up 7.1 points year over year). Of the extra revenue versus a year earlier, 148% reached operating profit, above the 22% margin then. Total costs fell 4% while revenue rose 6%. Net earnings were $177.5M, up 72% year over year. The effective tax rate was 20.2%.
Operating cash flow was $172.1M (up 6% year over year), 97% of net earnings. Capital expenditures of $51.5M left free cash flow of $120.5M.
Questions
What was Popular's revenue in the first quarter 2025?
Popular (BPOP) reported revenue of $758M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.3% from the quarter before.
Was Popular profitable in the first quarter 2025?
Operating profit was $223M (29.4% of revenue) and net earnings $178M.
Source: Popular 10-Q on SEC EDGAR.