FINHUB Insights

VZ · Q3 FY25 · Sep 30, 2025

Verizon Q3 FY25: where the revenue came from and where it went

Verizon Q3 FY25: revenue $33.8B (+1% year over year). Net profit $5B. Largest cohort Consumer $26.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 30, 2025
Reported
Oct 29, 2025 10-Q
Sankey diagram of Verizon's income statement for Q3 FY25: revenue of $33.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$33.8B +1% year over year
Gross profit$27.3B 81% margin
Operating profit$8.1B 24% margin
Net profit$5B 15% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 33.8 100% +1%
Consumer 26.1 77%
Business 7.1 21%
Wireless equipment 0.9 3%
Cost of revenue−6.519%
Gross profit27.381% margin−1pp
SG&A−7.823%−6pp
Other−11.434%+0pp
Operating profit8.124% margin+6pp
Tax−1.5
Interest & other costs−1.6
Net profit515%+5pp
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