Filing Flows › Verizon Communications (VZ) › Q2 2025
Verizon Communications (VZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Verizon Communications (VZ) reported revenue of $34.5B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 23.7%, net earnings $5.0B (14.5% of revenue).
Verizon Communications, Q2 2025: revenue $34.5B (+5% year over year), operating margin 23.7%, net earnings $5.0B, operating cash flow $9.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.5B | +3% | +5% |
| Operating profit | $8.2B | +2% | +5% |
| Net earnings | $5.0B | +3% | +9% |
| Operating cash flow | $9.0B | +15% | -5% |
What changed
Revenue was $34.5B in Q2 2025, up 5% year over year and up 3% from the previous quarter. Service revenues and other was the largest line at 82% of revenue. Wireless equipment added $1.3B year over year (up 25%), 74% of the total change.
Operating profit was $8.2B, a 23.7% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, below the 24% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $5.0B, up 9% year over year. The effective tax rate was 22.5%.
Operating cash flow was $9.0B (down 5% year over year), 175% of net income including minority interests. Non-cash charges added back $4.6B of depreciation and amortization. Working capital and other items used $0.78B.
Questions
What was Verizon Communications' revenue in the second quarter 2025?
Verizon Communications (VZ) reported revenue of $34.5B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +3% from the quarter before.
Was Verizon Communications profitable in the second quarter 2025?
Operating profit was $8.2B (23.7% of revenue) and net earnings $5.0B.