NASDAQ$VRTX

Vertex Pharmaceuticals Incorporated · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Vertex reported Q2 2025 total revenues of $2.96B with net income of $1.03B and diluted EPS of $3.99.

Total revenues increased to $2.96 billion on strong cystic fibrosis franchise performance and early Casgevy uptake. Net income was $1.03 billion; diluted EPS was $3.99. The company continues to invest in pain, kidney, and beta-cell therapies while expanding CF treatment penetration.

  • Q2 total revenues $2.96B.
  • Net income $1.03B; diluted EPS $3.99.
  • CF franchise and Casgevy contribute to growth.
  • R&D spend on new modalities shapes medium-term outlook.

Headline financials

Total Revenue

$2.96B

Previous: $2.65B+12.1%
EPS (adj)

$3.99

Previous: -$13.92+128.7%
Capital Expenditures

-$186M

Previous: -$137M-35.7%
Free Cash Flow

$847M

Previous: -$3.73B+122.7%
Net Income

$1.03B

Previous: -$3.59B+128.7%
Operating Income

$1.15B

Previous: -$3.51B+132.8%
Gross Profit

$2.56B

Previous: $2.27B+12.5%

Revenue & EPS history

Vertex · Revenue · Quarterly

$2.96B

Q2 2025+12.1%vs Q2 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Vertex · $2.27B total across 1 segment · Q3 2023

  • TRIKAFTA/KAFTRIO
    $2.27B+13.1%

Forward guidance

Biopharma outlook emphasizes pipeline milestones, launch uptake, and R&D investment.

Tailwinds

  • Franchise products and new indications.
  • Cash runway for clinical and commercial programs.

Headwinds

  • Patent cliffs and competitive entrants.
  • Trial, regulatory, and reimbursement risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.3%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.1%

Avg return

30 days after

46%

32 / 70 earnings

Positive

+6.1%

Q3 2024

Best reaction

-9.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-0.1%+3.0%
Q4 2025+5.7%+1.1%+0.9%
Q3 2025-1.1%-3.9%+7.4%
Q2 2025+2.8%-0.1%+5.6%
Q1 2025-9.4%-15.0%-11.3%
Q4 2024-3.1%-2.3%+7.0%
Q3 2024+6.1%+9.7%-1.5%
Q2 2024+0.9%+2.4%-1.9%
Q1 2024+2.3%+5.4%+20.4%
Q4 2023-2.0%-0.4%-3.0%
Q3 2023+0.5%-0.7%-6.0%
Q2 2023-2.4%-1.6%-2.2%
Q1 2023+1.6%+2.2%-5.0%
Q4 2022-3.8%-2.5%-5.9%
Q3 2022+0.9%+1.0%+0.6%
Q2 2022+4.7%+8.7%+2.2%
Q1 2022-7.2%-12.3%-1.6%
Q4 2021+0.5%+7.0%+1.4%
Q3 2021+2.0%+4.0%+10.3%
Q2 2021-0.3%-1.1%-1.1%
Q1 2021+2.2%+0.6%-2.3%
Q4 2020-5.1%-6.0%-9.0%
Q3 2020+0.0%+1.3%+8.8%
Q2 2020-2.4%-1.1%-3.1%
Q1 2020-2.2%+3.0%+12.1%
Q4 2019-2.3%+3.1%-3.6%
Q3 2019-1.2%+0.8%+12.1%
Q2 2019+5.8%+3.6%+6.2%
Q1 2019+0.0%+0.8%-1.3%
Q4 2018-3.0%-3.5%-5.0%
Q3 2018-4.9%-2.2%-7.9%
Q2 2018+0.6%-0.3%+1.1%
Q1 2018+0.6%-1.7%+1.5%
Q4 2017+3.9%-6.8%+2.1%
Q3 2017-4.9%-1.0%-3.0%
Q2 2017-3.6%-6.3%-5.4%
Q1 2017+1.7%+1.8%+3.1%
Q4 2016+3.8%+2.6%+4.7%
Q3 2016-0.0%-1.5%+10.9%
Q2 2016+1.3%+3.4%+2.2%
Q1 2016+3.1%
Q4 2015+0.6%
Q3 2015+4.3%
Q2 2015+5.6%
Q1 2015-1.7%
Q4 2014-7.7%
Q3 2014-1.5%
Q2 2014-3.7%
Q1 2014-2.0%
Q4 2013+3.6%
Q3 2013-7.8%
Q2 2013+1.5%
Q1 2013-1.9%
Q4 2012-2.8%
Q3 2012-6.8%
Q2 2008-1.6%
Q1 2012+2.5%
Q4 2011+2.3%
Q3 2011-0.7%
Q2 2011+4.5%
Q1 2011-1.8%
Q4 2008-1.2%
Q4 2010-1.2%
Q3 2009-0.1%
Q3 2010-0.1%
Q2 2010+5.1%
Q2 2009+5.1%
Q1 2010-0.8%
Q1 2009-0.8%
Q4 2009-0.8%

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