Davita (DVA) Q2 FY2025 earnings: revenue $3.4 billion, up 6.1% on the year
Davita Inc. (DVA) reported revenue of $3.4 billion for Q2 FY2025, the quarter ended 30 June 2025, up 6.1% on the same quarter a year earlier. Net income was $199 million, down 10.5% on the year, and diluted earnings per share $2.58. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2025.
Revenue
$3.4 billion
+6.1% on the year · +4.8% on the quarter
Q3 FY2023Q2 FY2025
Operating margin
15.9%
15.9% a year earlier
Q3 FY2023Q2 FY2025
Net income
$199 million
-10.5% on the year · +22.4% on the quarter
Q3 FY2023Q2 FY2025
Diluted EPS
$2.58
+3.2% on the year · +29.0% on the quarter
Q3 FY2023Q2 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q2 FY2025
Q1 FY2025
Q2 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
3,380
3,224
3,187
+4.8%
+6.1%
Operating income
538
439
506
+22.5%
+6.2%
Operating margin
15.9%
13.6%
15.9%
Pre-tax income
369
286
371
+28.8%
-0.7%
Income tax
93.7
54.1
71.7
+73.2%
+30.7%
Effective tax rate
25.4%
18.9%
19.3%
Net income
199
163
223
+22.4%
-10.5%
Net margin
5.9%
5.1%
7.0%
Diluted EPS
$2.58
$2.00
$2.50
+29.0%
+3.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2025
Q1 FY2025
Q2 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
324
180
799
+80.1%
-59.4%
Capital expenditure
121
143
125
-15.5%
-2.9%
Free cash flow
203
36.8
674
+452.8%
-69.9%
Free cash flow margin
6.0%
1.1%
21.2%
Cash from investing
-67.2
-162
-162
Cash from financing
4.4
-383
-563
Depreciation and amortisation
175
176
176
-1.0%
-0.5%
Share-based compensation
32.8
29.8
24.3
+10.2%
+35.1%
Buybacks
284
510
362
-44.4%
-21.6%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
77m
81m
89m
-4.8%
-13.0%
Shares outstanding at period end
74m
77m
85m
-4.0%
-12.8%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2025
Q1 FY2025
Q2 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-370
-267
633
Non-controlling interest
262
261
217
+0.4%
+20.5%
Redeemable equity
1,661
1,667
1,575
-0.3%
+5.5%
Debt
10,261
9,738
8,990
+5.4%
+14.1%
Operating lease liabilities
2,125
2,161
2,281
-1.7%
-6.9%
Other liabilities
3,554
3,559
3,330
-0.2%
+6.7%
Total liabilities and equity
17,493
17,119
17,026
+2.2%
+2.7%
Fixed assets
2,854
2,901
2,982
-1.6%
-4.3%
Goodwill
7,466
7,416
7,201
+0.7%
+3.7%
Intangible assets
212
205
191
+3.1%
+10.6%
Investments
69.7
105
52.5
-33.3%
+32.9%
Cash and equivalents
708
439
416
+61.5%
+70.1%
Receivables
2,441
2,322
2,303
+5.1%
+6.0%
Inventory
146
151
127
-2.8%
+15.4%
Other assets
3,595
3,581
3,752
+0.4%
-4.2%
Total assets
17,493
17,119
17,026
+2.2%
+2.7%
Questions
What was Davita's revenue in Q2 FY2025?
Davita (DVA) reported revenue of $3.4 billion for Q2 FY2025, the quarter ended 30 June 2025, up 6.1% on the same quarter a year earlier.
How much did Davita earn in Q2 FY2025?
Net income for Q2 FY2025 was $199 million, down 10.5% on the year, and diluted earnings per share $2.58.
When did Davita report Q2 FY2025 results?
Davita filed its 10-Q for the quarter ended 30 June 2025 with the SEC on 5 August 2025.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2025, filed 5 August 2025: the filing.