Q3 25 EPS
$1.21
BEAT +1.54%
Est. $1.19
Q3 25 Revenue
$33.82B
MISS 1.31%
Est. $34.27B
Did VZ Beat Earnings? Q3 2025 Results
Verizon opened a new chapter under incoming CEO Dan Schulman in Q3 2025, delivering steady if measured results as the carrier balanced competitive wireless headwinds against broadband momentum. Adjusted EPS came in at $1.21, up modestly from $1.19 a … Read more Verizon opened a new chapter under incoming CEO Dan Schulman in Q3 2025, delivering steady if measured results as the carrier balanced competitive wireless headwinds against broadband momentum. Adjusted EPS came in at $1.21, up modestly from $1.19 a year ago, while total operating revenue rose 1.5% year-over-year to $33.82 billion, a solid but unspectacular showing that reflected the same incremental growth trends Schulman has pledged to disrupt. The quarter's most notable weakness was in subscriber metrics, with total wireless retail postpaid net additions falling sharply to 36,000 from 349,000 a year ago and postpaid phone churn ticking up to 0.98% from 0.88%, signaling real competitive pressure. Broadband offered a meaningful counterweight, with 306,000 net additions and fixed wireless access revenue climbing 34.9% to $758.00 million. Looking ahead, Verizon reiterated full-year 2025 guidance for wireless service revenue growth of 2.0% to 2.8% and adjusted EPS growth of 1.0% to 3.0%, excluding any impact from the pending Frontier Communications acquisition.
Key Takeaways
- • Wireless service revenue growth of 2.1% year-over-year driven by Consumer wireless service revenue improvements
- • Broadband net additions of 306,000 including 261,000 FWA subscribers
- • FWA revenue surged 34.9% year-over-year to $758 million
- • Fios internet delivered 61,000 net additions, best quarterly result in two years
- • Over 18% of Consumer postpaid phone customers have a converged offering
- • Business segment operating income increased 12.7% with margin expansion to 8.9% from 7.7%
- • SG&A expenses declined 20.1% year-over-year at the consolidated level
- • Consumer wireless postpaid ARPA increased 2.0% year-over-year to $147.91
VZ YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
VZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are going to take bold and fiscally responsible action to redefine Verizon's trajectory at this critical inflection point for our company. We will rapidly shift to a customer-first culture, one that thrives on delighting our customers.”
— Dan Schulman, Q3 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 | — |