Q2 25 EPS
$1.22
BEAT +2.05%
Est. $1.20
Q2 25 Revenue
$34.50B
BEAT +2.84%
Est. $33.55B
Did VZ Beat Earnings? Q2 2025 Results
Verizon posted a solid second quarter, reporting adjusted earnings per share of $1.22 and total operating revenue of $34.50 billion, the latter rising 5.2% year-over-year as a sharp surge in wireless equipment activity drove results above year-ago le… Read more Verizon posted a solid second quarter, reporting adjusted earnings per share of $1.22 and total operating revenue of $34.50 billion, the latter rising 5.2% year-over-year as a sharp surge in wireless equipment activity drove results above year-ago levels. The standout driver was a 25.2% jump in wireless equipment revenue to $6.25 billion, fueled by elevated upgrade rates that climbed to 4.0% from 2.9% a year earlier, lifting the Consumer segment to $26.65 billion in revenue even as higher equipment costs compressed segment EBITDA margins. Fixed wireless access continued to contribute meaningfully, with FWA revenue growing 41.6% to $728.00 million and total broadband net additions reaching 293,000 for the period. Consolidated net income rose to $5.12 billion from $4.70 billion in Q2 2024, underscoring the broader earnings improvement. Encouraged by first-half execution and favorable tax dynamics, Verizon raised its full-year free cash flow guidance to $19.50 billion to $20.50 billion and lifted operating cash flow expectations to $37.00 billion to $39.00 billion, while guiding adjusted EPS growth of 1.0% to 3.0%.
Key Takeaways
- • Wireless service revenue growth of 2.2% YoY driven by customer segmentation and ARPA increases
- • Wireless equipment revenue surged 25.2% on higher upgrade rates
- • Business segment operating income grew 27.6% on cost discipline
- • FWA revenue grew 41.6% as subscriber base exceeded 5.1 million
- • Consumer postpaid ARPA increased 2.3% to $147.50
- • Favorable tax reform contributed to raised guidance
VZ YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
VZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“Verizon's strong second-quarter financial performance reflects our high-quality, industry-leading customer base, our multiple growth paths, the success of our disciplined, segmented approach, and the inherent strength of our company.”
— Hans Vestberg, Q2 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 | — |