Filing Flows › Travelers Companies (TRV) › Q3 2025
Travelers Companies (TRV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 16, 2025
Travelers Companies (TRV) reported revenue of $12.5B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 18.8%, net earnings $1.9B (15.1% of revenue).
Travelers Companies, Q3 2025: revenue $12.5B (+5% year over year), operating margin 18.8%, net earnings $1.9B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.5B | +3% | +5% |
| Operating profit | $2.3B | +25% | +50% |
| Net earnings | $1.9B | +25% | +50% |
| Operating cash flow | $4.2B | +81% | +9% |
What changed
Revenue was $12.5B in Q3 2025, up 5% year over year and up 3% from the previous quarter.
Operating profit was $2.3B, a 18.8% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 139% reached operating profit, above the 13% margin then. Total costs fell 2% while revenue rose 5%. Net earnings were $1.9B, up 50% year over year. The effective tax rate was 19.5%.
Operating cash flow was $4.2B (up 9% year over year), 224% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $2.1B.
Questions
What was Travelers Companies' revenue in the third quarter 2025?
Travelers Companies (TRV) reported revenue of $12.5B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before.
Was Travelers Companies profitable in the third quarter 2025?
Operating profit was $2.3B (18.8% of revenue) and net earnings $1.9B.