Filing Flows › First Horizon (FHN) › Q2 2025
First Horizon (FHN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
First Horizon (FHN) reported revenue of $830M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +2% from the quarter before. Operating margin was 37.2%, net earnings $241M (29.0% of revenue).
First Horizon, Q2 2025: revenue $830M (+2% year over year), operating margin 37.2%, net earnings $241M, operating cash flow $83.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $830M | +2% | +2% |
| Operating profit | $309M | +8% | +19% |
| Net earnings | $241M | +11% | +21% |
| Operating cash flow | $83.0M | -76% | — |
| Free cash flow | $74.0M | -78% | — |
What changed
Revenue was $830.0M in Q2 2025, up 2% year over year and up 2% from the previous quarter.
Operating profit was $309.0M, a 37.2% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 327% reached operating profit, above the 32% margin then. Total costs fell 6% while revenue rose 2%. Net earnings were $241.0M, up 21% year over year. The effective tax rate was 20.7%.
Operating cash flow was $83.0M, 34% of net earnings. Non-cash charges added back $20.0M of depreciation and amortization and $15.0M of share-based compensation. Working capital and other items used $197.0M. Capital expenditures of $9.0M left free cash flow of $74.0M.
Questions
What was First Horizon's revenue in the second quarter 2025?
First Horizon (FHN) reported revenue of $830M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +2% from the quarter before.
Was First Horizon profitable in the second quarter 2025?
Operating profit was $309M (37.2% of revenue) and net earnings $241M.
Source: First Horizon 10-Q on SEC EDGAR.