FINHUB Insights

VZ · Q2 FY25 · Apr 1 – Jun 30, 2025

Verizon Q2 FY25: where the revenue came from and where it went

Verizon Q2 FY25: revenue $34.5B (+5% year over year). Net profit $5B. Largest cohort Consumer $26.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 25, 2025 10-Q
Sankey diagram of Verizon's income statement for Q2 FY25: revenue of $34.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$34.5B +5% year over year
Gross profit$27.5B 80% margin
Operating profit$8.2B 24% margin
Net profit$5B 14% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 34.5 100% +5%
Consumer 26.6 77%
Business 7.3 21%
Wireless equipment 0.9 3%
Cost of revenue−720%
Gross profit27.580% margin−3pp
SG&A−7.823%−2pp
Other−11.533%+0pp
Operating profit8.224% margin+0pp
Tax−1.5
Interest & other costs−1.7
Net profit514%+0pp
Filing on EDGAR More quarters of VZ

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters