The Investor
29 Oct 2025, 13:24
Verizon Reports Strong Q3 2025 Earnings, CEO Unveils Plan to Redefine Company’s Future
Verizon Communications (NYSE, Nasdaq: VZ) reported third-quarter 2025 earnings per share of $1.17, up from $0.78 a year earlier, with adjusted EPS rising to $1.21 from $1.19. Net income reached $5.1 billion, compared to $3.4 billion in Q3 2024, while total revenue increased 1.5% year-over-year to $33.8 billion.
Wireless service revenue grew 2.1% to $21.0 billion, and equipment revenue rose 5.2% to $5.6 billion. Verizon generated $28.0 billion in operating cash flow and $15.8 billion in free cash flow during the first nine months of 2025, both higher than last year. The company also reduced its total unsecured debt to $119.7 billion, down from $126.4 billion a year earlier.
CEO Dan Schulman announced a bold transformation plan focused on building a customer-first culture, reshaping Verizon’s cost structure, and improving financial performance. He emphasized that these changes would be “aggressive, not incremental,” aiming to return Verizon to growth. The company also raised its dividend for the 19th consecutive year and reaffirmed its full-year financial guidance.
Verizon Communications (NYSE, Nasdaq: VZ) reported third-quarter 2025 earnings per share of $1.17, up from $0.78 a year earlier, with adjusted EPS rising to $1.21 from $1.19. Net income reached $5.1 billion, compared to $3.4 billion in Q3 2024, while total revenue increased 1.5% year-over-year to $33.8 billion.
Wireless service revenue grew 2.1% to $21.0 billion, and equipment revenue rose 5.2% to $5.6 billion. Verizon generated $28.0 billion in operating cash flow and $15.8 billion in free cash flow during the first nine months of 2025, both higher than last year. The company also reduced its total unsecured debt to $119.7 billion, down from $126.4 billion a year earlier.
CEO Dan Schulman announced a bold transformation plan focused on building a customer-first culture, reshaping Verizon’s cost structure, and improving financial performance. He emphasized that these changes would be “aggressive, not incremental,” aiming to return Verizon to growth. The company also raised its dividend for the 19th consecutive year and reaffirmed its full-year financial guidance.