Davita (DVA) Q3 FY2025 earnings: revenue $3.4 billion, up 4.8% on the year
Davita Inc. (DVA) reported revenue of $3.4 billion for Q3 FY2025, the quarter ended 30 September 2025, up 4.8% on the same quarter a year earlier. Net income was $150 million, down 30.0% on the year, and diluted earnings per share $2.04. The figures are the company's own, from the 10-Q it filed with the SEC on 29 October 2025.
Revenue
$3.4 billion
+4.8% on the year · +1.2% on the quarter
Q4 FY2023Q3 FY2025
Operating margin
14.8%
16.4% a year earlier
Q4 FY2023Q3 FY2025
Net income
$150 million
-30.0% on the year · -24.6% on the quarter
Q4 FY2023Q3 FY2025
Diluted EPS
$2.04
-18.4% on the year · -20.9% on the quarter
Q4 FY2023Q3 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
3,420
3,380
3,264
+1.2%
+4.8%
Operating income
506
538
535
-6.0%
-5.4%
Operating margin
14.8%
15.9%
16.4%
Pre-tax income
309
369
373
-16.3%
-17.3%
Income tax
68.6
93.7
77.7
-26.8%
-11.7%
Effective tax rate
22.2%
25.4%
20.8%
Net income
150
199
215
-24.6%
-30.0%
Net margin
4.4%
5.9%
6.6%
Diluted EPS
$2.04
$2.58
$2.50
-20.9%
-18.4%
$ 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
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
842
324
810
+159.5%
+3.8%
Capital expenditure
166
121
139
+37.2%
+19.4%
Free cash flow
675
203
671
+232.5%
+0.6%
Free cash flow margin
19.7%
6.0%
20.6%
Cash from investing
-263
-67.2
-146
Cash from financing
-582
4.4
-7.9
Depreciation and amortisation
177
175
187
+1.6%
-5.1%
Share-based compensation
39.0
32.8
26.6
+18.8%
+46.8%
Buybacks
240
284
408
-15.4%
-41.2%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
74m
77m
86m
-4.6%
-14.0%
Shares outstanding at period end
71m
74m
83m
-4.4%
-14.1%
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
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-572
-370
387
Non-controlling interest
268
262
200
+2.3%
+33.9%
Redeemable equity
1,645
1,661
1,633
-1.0%
+0.7%
Debt
10,247
10,261
9,557
-0.1%
+7.2%
Operating lease liabilities
2,100
2,125
2,237
-1.2%
-6.2%
Other liabilities
3,869
3,554
3,490
+8.9%
+10.8%
Total liabilities and equity
17,556
17,493
17,504
+0.4%
+0.3%
Fixed assets
2,853
2,854
2,940
-0.0%
-2.9%
Goodwill
7,544
7,466
7,228
+1.0%
+4.4%
Intangible assets
220
212
198
+3.8%
+11.0%
Investments
70.7
69.7
54.8
+1.3%
+28.8%
Cash and equivalents
706
708
1,071
-0.3%
-34.1%
Receivables
2,333
2,441
2,267
-4.4%
+2.9%
Inventory
139
146
129
-4.9%
+7.8%
Other assets
3,690
3,595
3,617
+2.6%
+2.0%
Total assets
17,556
17,493
17,504
+0.4%
+0.3%
Questions
What was Davita's revenue in Q3 FY2025?
Davita (DVA) reported revenue of $3.4 billion for Q3 FY2025, the quarter ended 30 September 2025, up 4.8% on the same quarter a year earlier.
How much did Davita earn in Q3 FY2025?
Net income for Q3 FY2025 was $150 million, down 30.0% on the year, and diluted earnings per share $2.04.
When did Davita report Q3 FY2025 results?
Davita filed its 10-Q for the quarter ended 30 September 2025 with the SEC on 29 October 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 September 2025, filed 29 October 2025: the filing.