Short answer
Verizon (VZ) filed its Q3 2025 10-Q quarterly report on Oct 29, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $33.8B (up 1.5% year over year) with net income of $5.0B.
Q3 2025 key financials · XBRL
- Revenue
- $33.8B
- +1.5% YoY · −2.0% QoQ
- Net income
- $5.0B
- +49.7% YoY · −1.1% QoQ
- Operating margin
- 24.0%
- EPS (diluted)
- $1.17
- +50.0% YoY · −1.7% QoQ
Source: XBRL data from the Verizon (VZ) Q3 2025 10-Q on SEC EDGAR. USD.
Verizon Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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