Veralto (VLTO) Q2 FY2025 earnings: revenue $1.4 billion, up 6.4% on the year
Veralto Corp. (VLTO) reported revenue of $1.4 billion for Q2 FY2025, the quarter ended 4 July 2025, up 6.4% on the same quarter a year earlier. Net income was $222 million, up 9.4% on the year, and diluted earnings per share $0.89. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2025.
Revenue
$1.4 billion
+6.4% on the year · +2.9% on the quarter
Q3 FY2023Q2 FY2025
Operating margin
22.8%
23.2% a year earlier
Q3 FY2023Q2 FY2025
Net income
$222 million
+9.4% on the year · -1.3% on the quarter
Q3 FY2023Q2 FY2025
Diluted EPS
$0.89
+9.9% on the year · -1.1% 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
1,371
1,332
1,288
+2.9%
+6.4%
Cost of revenue
549
527
514
+4.2%
+6.8%
Gross profit
822
805
774
+2.1%
+6.2%
Gross margin
60.0%
60.4%
60.1%
Research and development
67.0
64.0
61.0
+4.7%
+9.8%
Selling, general and administrative
442
419
414
+5.5%
+6.8%
Operating income
313
322
299
-2.8%
+4.7%
Operating margin
22.8%
24.2%
23.2%
Interest expense
28.0
27.0
30.0
+3.7%
-6.7%
Pre-tax income
285
289
270
-1.4%
+5.6%
Income tax
63.0
64.0
67.0
-1.6%
-6.0%
Effective tax rate
22.1%
22.1%
24.8%
Net income
222
225
203
-1.3%
+9.4%
Net margin
16.2%
16.9%
15.8%
Diluted EPS
$0.89
$0.90
$0.81
-1.1%
+9.9%
$ 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
339
157
251
+115.9%
+35.1%
Capital expenditure
16.0
15.0
11.0
+6.7%
+45.5%
Free cash flow
323
142
240
+127.5%
+34.6%
Free cash flow margin
23.6%
10.7%
18.6%
Cash from investing
-40.0
-11.0
-11.0
Cash from financing
-15.0
-26.0
-13.0
Depreciation and amortisation
19.0
19.0
20.0
0.0%
-5.0%
Share-based compensation
24.0
16.0
20.0
+50.0%
+20.0%
Buybacks
0.0
0.0
n/a
Dividends paid
27.0
27.0
22.0
0.0%
+22.7%
Diluted shares, weighted
250m
250m
249m
-0.1%
+0.2%
Shares outstanding at period end
248m
248m
247m
+0.1%
+0.4%
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
2,653
2,302
1,666
+15.2%
+59.2%
Non-controlling interest
8.0
7.0
6.0
+14.3%
+33.3%
Debt
2,672
2,630
2,615
+1.6%
+2.2%
Other liabilities
1,838
1,706
1,616
+7.7%
+13.7%
Total liabilities and equity
7,171
6,645
5,903
+7.9%
+21.5%
Fixed assets
284
274
263
+3.6%
+8.0%
Goodwill
2,835
2,738
2,490
+3.5%
+13.9%
Intangible assets
539
531
401
+1.5%
+34.4%
Cash and equivalents
1,559
1,239
1,043
+25.8%
+49.5%
Receivables
878
832
803
+5.5%
+9.3%
Inventory
329
310
312
+6.1%
+5.4%
Other assets
747
721
591
+3.6%
+26.4%
Total assets
7,171
6,645
5,903
+7.9%
+21.5%
Questions
What was Veralto's revenue in Q2 FY2025?
Veralto (VLTO) reported revenue of $1.4 billion for Q2 FY2025, the quarter ended 4 July 2025, up 6.4% on the same quarter a year earlier.
How much did Veralto earn in Q2 FY2025?
Net income for Q2 FY2025 was $222 million, up 9.4% on the year, and diluted earnings per share $0.89.
When did Veralto report Q2 FY2025 results?
Veralto filed its 10-Q for the quarter ended 4 July 2025 with the SEC on 28 July 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 4 July 2025, filed 28 July 2025: the filing.