Filing Flows › Zions Bancorporation, National Association (ZION) › Q3 2025
Zions Bancorporation, National Association (ZION) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Zions Bancorporation, National Association (ZION) reported revenue of $861M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was 33.1%, net earnings $222M (25.8% of revenue).
Zions Bancorporation, National Association, Q3 2025: revenue $861M (+9% year over year), operating margin 33.1%, net earnings $222M, operating cash flow $438M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $861M | +3% | +9% |
| Operating profit | $285M | -9% | +3% |
| Net earnings | $222M | -9% | +4% |
| Operating cash flow | $438M | — | +268% |
| Free cash flow | $413M | — | +326% |
What changed
Revenue was $861.0M in Q3 2025, up 9% year over year and up 3% from the previous quarter.
Operating profit was $285.0M, a 33.1% margin (down 1.9 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 35% margin then. Total costs grew 12% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+277%). Net earnings were $222.0M, up 4% year over year. The effective tax rate was 22.1%.
Operating cash flow was $438.0M (up 268% year over year), 197% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $180.0M. Capital expenditures of $25.0M left free cash flow of $413.0M.
Questions
What was Zions Bancorporation, National Association's revenue in the third quarter 2025?
Zions Bancorporation, National Association (ZION) reported revenue of $861M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +3% from the quarter before.
Was Zions Bancorporation, National Association profitable in the third quarter 2025?
Operating profit was $285M (33.1% of revenue) and net earnings $222M.
Source: Zions Bancorporation, National Association 10-Q on SEC EDGAR.