Verizon Q3 2025: EPS $1.17, revenue $33.8B up 1.5%; reaffirms FY guidance; CEO outlines new vision

VERIZON COMMUNICATIONS INC

2025-Q3 EPS reported $3.51 vs consensus $1.22 ▲ beat (+186.6%)

GAAP EPS $1.17 vs $0.78 YoY; adjusted EPS $1.21 vs $1.19 YoY.
Total operating revenue $33.8B (+1.5% YoY); wireless service revenue $21.0B (+2.1%).
Free cash flow 9-month $15.8B (up from $14.5B); FY FCF guidance $19.5-20.5B reaffirmed.
Consumer broadband net adds 306K; fixed wireless +261K; Fios internet +61K (best in 2 years).
CEO Dan Schulman announces customer-first transformation; dividend raised for 19th consecutive year.

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