Filing Flows › First Horizon (FHN) › Q1 2025
First Horizon (FHN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
First Horizon (FHN) reported revenue of $812M for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and +12% from the quarter before. Operating margin was 35.1%, net earnings $218M (26.8% of revenue).
First Horizon, Q1 2025: revenue $812M (-0.9% year over year), operating margin 35.1%, net earnings $218M, operating cash flow $349M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $812M | +12% | -0.9% |
| Operating profit | $285M | +36% | +12% |
| Net earnings | $218M | +31% | +14% |
| Operating cash flow | $349M | +83% | -58% |
| Free cash flow | $340M | +95% | -59% |
What changed
Revenue was $812.0M in Q1 2025, down 1% year over year and up 12% from the previous quarter.
Operating profit was $285.0M, a 35.1% margin (up 4.1 points year over year). Total costs fell 7% while revenue fell 1%. The fastest-growing cost line was Sales & marketing (+25%). Net earnings were $218.0M, up 14% year over year. The effective tax rate was 22.1%.
Operating cash flow was $349.0M (down 58% year over year), 157% of net earnings. Non-cash charges added back $21.0M of depreciation and amortization and $18.0M of share-based compensation. Working capital and other items added $88.0M. Capital expenditures of $9.0M left free cash flow of $340.0M.
Questions
What was First Horizon's revenue in the first quarter 2025?
First Horizon (FHN) reported revenue of $812M for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and +12% from the quarter before.
Was First Horizon profitable in the first quarter 2025?
Operating profit was $285M (35.1% of revenue) and net earnings $218M.
Source: First Horizon 10-Q on SEC EDGAR.