Verizon Q3 FY25: where the revenue came from and where it went
The whole income statement of Verizon for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 29, 2025
Revenue$33.8B
+1% year over year
Gross profit$15.9B
47% margin
Operating profit$8.1B
24% margin
Net profit$5.0B
15% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Segment revenue | 34.1 | 101% | |
| Consumer | 26.1 | 77% | |
| Business | 7.1 | 21% | |
| Wireless equipment | 0.9 | 3% | |
| Eliminations | −0.3 | −1% | |
| Net revenue | 33.8 | 100% | +1% |
| Cost of revenue | −18.0 | 53% | |
| Gross profit | 15.9 | 47% margin | +0pp |
| SG&A | −7.8 | 23% | −6pp |
| Operating profit | 8.1 | 24% margin | +6pp |
| Interest & other costs | −1.7 | ||
| Tax | −1.5 | ||
| Net profit | 5.0 | 15% margin | +5pp |
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