Filing Flows › Verizon Communications (VZ) › Q1 2025
Verizon Communications (VZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Verizon Communications (VZ) reported revenue of $33.5B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before. Operating margin was 23.8%, net earnings $4.9B (14.6% of revenue).
Verizon Communications, Q1 2025: revenue $33.5B (+2% year over year), operating margin 23.8%, net earnings $4.9B, operating cash flow $7.8B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.5B | -6% | +2% |
| Operating profit | $8.0B | +8% | +6% |
| Net earnings | $4.9B | -3% | +6% |
| Operating cash flow | $7.8B | -25% | +10% |
| Free cash flow | $3.6B | — | +34% |
What changed
Revenue was $33.5B in Q1 2025, up 2% year over year and down 6% from the previous quarter. Service revenues and other was the largest line at 84% of revenue. Service revenues and other added $0.47B year over year (up 2%), 93% of the total change.
Operating profit was $8.0B, a 23.8% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 23% margin then. Total costs grew 0% against revenue growth of 2%. Net earnings were $4.9B, up 6% year over year. The effective tax rate was 23.0%.
Operating cash flow was $7.8B (up 10% year over year), 156% of net income including minority interests. Non-cash charges added back $4.6B of depreciation and amortization. Working capital and other items used $1.8B. After capital expenditures (including capitalized software) ($4.1B), free cash flow as the company reports it was $3.6B.
Questions
What was Verizon Communications' revenue in the first quarter 2025?
Verizon Communications (VZ) reported revenue of $33.5B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before.
Was Verizon Communications profitable in the first quarter 2025?
Operating profit was $8.0B (23.8% of revenue) and net earnings $4.9B.