01—Abstract
Summary
Summary of the 10-Q filed July 25, 2025. Cited figures are marked; the original filing is the authoritative source.
Verizon Communications Inc. reported solid financial results for the period ending June 29, 2025.
Total operating revenues increased by 5.2% to $34.5 billiona for the quarter and 3.4% to $68.0 billion for the first six months of the year, driven primarily by strong performance in the Consumer segment. Net income attributable to Verizon also saw a notable increase, reaching $5.0 billion for the quarter and $9.9 billion for the six-month period.
The company continues to invest heavily in its network infrastructure, particularly in 5G and fiber, with capital expenditures totaling $8.0 billionb for the first half of the year. Management's focus remains on network enhancement, innovative service offerings, customer base growth, and delivering strong financial and operating results.
02—Key points
Key Highlights
- Total operating revenues increased by 5.2% to $34.5 billion in Q2 2025 and 3.4% to $68.0 billion for the first six months.
- Net income attributable to Verizon increased to $5.0 billion for the quarter and $9.9 billion for the six-month period.
- Consumer segment revenue grew by 6.9% year-over-year in the quarter, driven by increases in service and wireless equipment revenue.
- Business segment revenue saw a slight decrease of 0.3% in the quarter, impacted by declines in Enterprise and Public Sector, partially offset by growth in Business Markets and Other.
- Capital expenditures for the first six months were $8.0 billion, reflecting ongoing investment in network infrastructure.
- Free cash flow for the first six months increased by $306 million to $8.8 billion, demonstrating improved operational cash generation.
- The company announced an agreement to acquire Frontier Communications Parent, Inc. for $1.0 billion, subject to regulatory approvals.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2025filed July 25, 2025Financial Statements
Q2 FY2025 against Q2 FY2024
| Line item | Q2 FY2025Q2 FY2024 | Change |
|---|---|---|
| Revenue | $34.50B$32.80B | +5.2% |
| SG&A Expenses | $7.81B$8.02B | −2.6% |
| Operating Expenses | $26.33B$24.98B | +5.4% |
| Operating Income | $8.17B$7.82B | +4.5% |
| Net Income | $5.00B$4.59B | +8.9% |
| EPS (Basic) | $1.18$1.09 | +8.3% |
| EPS (Diluted) | $1.18$1.09 | +8.3% |
| Shares Outstanding (Basic) | 4.22B4.21B | +0.2% |
| Shares Outstanding (Diluted) | 4.23B4.22B | +0.2% |
05—Questions
Frequently Asked Questions
How did Verizon's revenue perform in the second quarter of 2025 compared to the prior year?
Verizon's total operating revenues increased by 5.2% to $34.5 billion in the second quarter of 2025, compared to $32.8 billion in the same period of 2024. This growth was primarily driven by the Consumer segment.
What was the net income for Verizon in the reported quarter?
Net income attributable to Verizon was $5.0 billion for the three months ended June 30, 2025, an increase from $4.6 billion in the same period of 2024.
What are the key growth drivers for Verizon's Consumer segment?
The Consumer segment's revenue growth was primarily driven by an increase in Wireless service revenue, fueled by pricing actions, higher adoption of perks and premium MyPlan offerings, and a significant increase in the Fixed Wireless Access (FWA) subscriber base. Wireless equipment revenue also saw a substantial increase due to higher volumes sold and a shift towards higher-priced devices.
What is the status of the proposed acquisition of Frontier Communications?
Verizon entered into an agreement to acquire Frontier Communications Parent, Inc. for $1.0 billion. The transaction has received approval from Frontier shareholders and regulators including the FCC and Department of Justice, but its consummation is still subject to certain remaining regulatory approvals and other customary closing conditions.
06—Continue