Q1 25 EPS
$1.19
BEAT +3.64%
Est. $1.15
Q1 25 Revenue
$33.49B
BEAT +0.61%
Est. $33.28B
Did VZ Beat Earnings? Q1 2025 Results
Verizon posted a steady first quarter in 2025, with adjusted EPS of $1.19 rising from $1.15 a year ago and total operating revenue climbing 1.5% year over year to $33.48 billion, as the telecom giant's broadband expansion and wireless service momentu… Read more Verizon posted a steady first quarter in 2025, with adjusted EPS of $1.19 rising from $1.15 a year ago and total operating revenue climbing 1.5% year over year to $33.48 billion, as the telecom giant's broadband expansion and wireless service momentum offset a softening in postpaid phone subscriber trends. The clearest engine behind the results was fixed wireless access, where Verizon added 308,000 FWA subscribers in the quarter, pushing its base past 4.8 million and driving FWA revenue up 47.8% to $668.00 million. Wireless service revenue overall grew 2.7% to $20.76 billion, while consolidated adjusted EBITDA expanded to $12.55 billion from $12.07 billion. Free cash flow improved meaningfully to $3.64 billion from $2.71 billion. The quarter was not without pressure, as consumer postpaid phone net losses widened to 356,000. Looking ahead, Verizon reaffirmed its full-year 2025 guidance for wireless service revenue growth of 2.0% to 2.8% and free cash flow of $17.50 billion to $18.50 billion, while noting its outlook does not account for potential tariff impacts.
Key Takeaways
- • Customer segmentation strategy driving wireless service revenue growth of 2.7% YoY
- • Consumer wireless postpaid ARPA increased 3.6% YoY to $146.46
- • Fixed wireless access net additions of 308,000 growing the FWA base past 4.8 million subscribers
- • FWA revenue surged 47.8% YoY to $668 million
- • Best wireless retail core prepaid net additions (137,000) since TracFone acquisition
- • SG&A expense reduced 3.3% year over year at consolidated level
- • Business segment operating income grew 66.4% YoY driven by cost discipline
- • Total broadband connections surpassed 12.6 million, up 13.7% YoY
VZ YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
VZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“Verizon plays an essential role in our customers' lives and our differentiated value proposition delivers what customers want and need, on their terms. We continue to drive our multi-year customer-first strategy, launching new programs such as our 3-year price lock and free phone guarantee for consumers and My Biz Plan for small and medium sized businesses. With our high quality customer base, network superiority and position of financial strength, we have the momentum and flexibility to continue innovating to meet customer needs and invest for growth.”
— Hans Vestberg, Q1 2025 Earnings Press Release
VZ Earnings Trends
VZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VZ EPS Trend
Earnings per share: estimate vs actual
VZ Revenue Trend
Quarterly revenue: estimate vs actual
VZ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.21 | $1.28 | +6.18% | $34.44B | -1.22% |
| Q4 25 BEAT FY | $1.06 | $1.09 | +3.28% | $36.38B | +0.51% |
| FY Full Year | — | $4.71 | — | $138.19B | — |
| Q3 25 BEAT | $1.19 | $1.21 | +1.54% | $33.82B | -1.31% |
| Q2 25 BEAT | $1.20 | $1.22 | +2.05% | $34.50B | +2.84% |
| Q1 25 BEAT | $1.15 | $1.19 | +3.64% | $33.49B | +0.61% |
| Q4 24 BEAT FY | $1.10 | $1.10 | +0.32% | $35.68B | +0.95% |
| FY Full Year | — | $4.59 | — | $134.79B | — |