Verizon

VZ · Communication Services · Market cap $192B

Q3 FY25 Sep 30, 2025 reported Oct 29, 2025

Revenue$33.8B +1% year over year

Gross profit$27.3B

Operating profit$8.1B

Net profit$5B 15% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	33.8	100%	+1%
Consumer	26.1	77%
Business	7.1	21%
Wireless equipment	0.9	3%
Cost of revenue	−6.5	19%
Gross profit	27.3	81% margin	−1pp
SG&A	−7.8	23%	−6pp
Other	−11.4	34%	+0pp
Operating profit	8.1	24% margin	+6pp
Tax	−1.5
Interest & other costs	−1.6
Net profit	5	15%	+5pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	34.5	100%	+5%
Consumer	26.6	77%
Business	7.3	21%
Wireless equipment	0.9	3%
Cost of revenue	−7	20%
Gross profit	27.5	80% margin	−3pp
SG&A	−7.8	23%	−2pp
Other	−11.5	33%	+0pp
Operating profit	8.2	24% margin	+0pp
Tax	−1.5
Interest & other costs	−1.7
Net profit	5	14%	+0pp

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	32.8	100%	+1%
Service	19.2	59%
Wireless equipment	4.1	12%
Enterprise and Public Sector	3.5	11%
Business Markets and Other	3.2	10%
Other consumer	1.5	5%
Other	0.6	2%
Wholesale	0.5	2%
Cost of revenue	−5.6	17%
Gross profit	27.2	83% margin	+0pp
SG&A	−8	24%	−1pp
Other	−11.4	35%	+0pp
Operating profit	7.8	24% margin	+2pp
Tax	−1.3
Interest & other costs	−1.9
Net profit	4.6	14%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Sep 30, 2025	Oct 29, 2025	$33.8B	+1%	24%	$5B	15%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 25, 2025	$34.5B	+5%	24%	$5B	14%
Q2 FY24	Apr 1 – Jun 30, 2024	Jul 25, 2024	$32.8B	+1%	24%	$4.6B	14%