Filing Flows › Provident Financial Services (PFS) › Q2 2025
Provident Financial Services (PFS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Provident Financial Services (PFS) reported revenue of $214M for the second quarter 2025 (Q2 2025), +31% from a year earlier and +3% from the quarter before. Operating margin was 47.8%, net earnings $72.0M (33.6% of revenue).
Provident Financial Services, Q2 2025: revenue $214M (+31% year over year), operating margin 47.8%, net earnings $72.0M, operating cash flow $187M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | +3% | +31% |
| Operating profit | $102M | +12% | — |
| Net earnings | $72.0M | +12% | — |
| Operating cash flow | $187M | +111% | +144% |
| Free cash flow | $183M | +109% | +142% |
What changed
Revenue was $214.2M in Q2 2025, up 31% year over year and up 3% from the previous quarter.
Operating profit was $102.4M, a 47.8% margin (up 60.8 points year over year). Total costs fell 40% while revenue rose 31%. Net earnings were $72.0M. The effective tax rate was 29.7%.
Operating cash flow was $186.8M (up 144% year over year), 259% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization. Working capital and other items added $101.6M. Capital expenditures of $4.2M left free cash flow of $182.6M.
Questions
What was Provident Financial Services' revenue in the second quarter 2025?
Provident Financial Services (PFS) reported revenue of $214M for the second quarter 2025 (Q2 2025), +31% from a year earlier and +3% from the quarter before.
Was Provident Financial Services profitable in the second quarter 2025?
Operating profit was $102M (47.8% of revenue) and net earnings $72.0M.