Filing Flows › Telephone & Data Systems (TDS) › Q2 2025
Telephone & Data Systems (TDS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Telephone & Data Systems (TDS) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +3% from the quarter before. Operating margin was 3.4%, net earnings $11.6M (1.0% of revenue).
Telephone & Data Systems, Q2 2025: revenue $1.2B (-4% year over year), operating margin 3.4%, net earnings $11.6M, operating cash flow $422M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +3% | -4% |
| Operating profit | $40.0M | +14% | +3% |
| Net earnings | $11.6M | +65% | +286% |
| Operating cash flow | $422M | +127% | +5% |
| Free cash flow | $265M | +368% | +42% |
What changed
Revenue was $1.2B in Q2 2025, down 4% year over year and up 3% from the previous quarter.
Operating profit was $0.04B, a 3.4% margin (up 0.2 points year over year). Total costs fell 4% while revenue fell 4%. Net earnings were $0.01B, up 286% year over year. The effective tax rate was 14.4%.
Operating cash flow was $0.42B (up 5% year over year), 2371% of net income including minority interests. Non-cash charges added back $0.24B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.16B left free cash flow of $0.26B.
Questions
What was Telephone & Data Systems' revenue in the second quarter 2025?
Telephone & Data Systems (TDS) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +3% from the quarter before.
Was Telephone & Data Systems profitable in the second quarter 2025?
Operating profit was $40.0M (3.4% of revenue) and net earnings $11.6M.