Filing Flows › Vertiv Holdings (VRT) › Q3 2025
Vertiv Holdings (VRT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
Vertiv Holdings (VRT) reported revenue of $2.7B for the third quarter 2025 (Q3 2025), +29% from a year earlier and +1% from the quarter before. Operating margin was 19.3%, net earnings $398M (14.9% of revenue).
Vertiv Holdings, Q3 2025: revenue $2.7B (+29% year over year), operating margin 19.3%, net earnings $398M, operating cash flow $483M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +1% | +29% |
| Operating profit | $517M | +17% | +39% |
| Net earnings | $398M | +23% | +126% |
| Operating cash flow | $483M | +49% | +29% |
| Free cash flow | $438M | +57% | +29% |
What changed
Revenue was $2.7B in Q3 2025, up 29% year over year and up 1% from the previous quarter. Americas was the largest line at 64% of revenue. Americas added $0.51B year over year (up 43%), 85% of the total change.
Operating profit was $0.52B, a 19.3% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 18% margin then. Total costs grew 27% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+59%). Net earnings were $0.40B, up 126% year over year. The effective tax rate was 19.0%.
Operating cash flow was $0.48B (up 29% year over year), 121% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.05B left free cash flow of $0.44B.
Questions
What was Vertiv Holdings' revenue in the third quarter 2025?
Vertiv Holdings (VRT) reported revenue of $2.7B for the third quarter 2025 (Q3 2025), +29% from a year earlier and +1% from the quarter before.
Was Vertiv Holdings profitable in the third quarter 2025?
Operating profit was $517M (19.3% of revenue) and net earnings $398M.
Source: Vertiv Holdings 10-Q on SEC EDGAR.