Verizon (VZ) Q3 2025 10-Q Quarterly Report

Filed: Oct 29, 2025Period ending Sep 30, 2025
Communication Services
Telephone Communications (No Radiotelephone)SEC EDGAR

Verizon (VZ) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Verizon Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $33.8B, up 1.5% YoY; Consumer up 2.9% to $26.1B, Business down 2.8% to $7.1B for Q3 2025
  • Operating margin Consumer 29.4% vs 30.0% YoY, Business 8.9% vs 7.7%, Consolidated Operating Expenses down 6.2% YoY
  • Best segment: Consumer revenue $26.1B (+2.9%), Segment EBITDA margin 43.0% vs 43.4% YoY; Worst: Business revenue $7.1B (-2.8%), EBITDA margin 23.4% vs 21.8% YoY
  • Operating cash flow $28B, up $1.5B YoY; CapEx $12.3B, slight increase; dividends $8.6B paid; cash and equivalents up $3.5B to $7.7B
  • Management highlights focus on 5G network enhancements, fiber expansion via Frontier acquisition pending, notes government tariffs, workforce reductions as headwinds

Risk Factors

  • No material changes to risk factors from 2024 10-K for fiscal 2025 quarter

Verizon Q3 2025 Quarterly Financials
XBRL

Revenue

$33.8B

+1.5% YoY -2.0% QoQ

Net Income

$5.0B

+49.7% YoY -1.1% QoQ

Net Margin

14.6%

+472bp YoY +14bp QoQ

Source: XBRL data from Verizon Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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