OpenNashEarnings

Telecom · NYSE: VZ

Verizon earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 29 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Verizon reported third-quarter 2026 total operating revenue of $34.3 billion, up 1.5 percent year-over-year, net income of $5.3 billion, Adjusted EPS of $1.31 and 406,000 postpaid phone net additions, and raised full-year guidance.

Verizon had a strong third quarter. It added 406,000 postpaid phone customers, its best third quarter in five years, and 137,000 net accounts, its best in over a decade. Revenue rose 1.5 percent to $34.3 billion, and net income was $5.3 billion. Adjusted EBITDA hit a record $13.8 billion. Promotional acquisition costs fell 41 percent and churn improved. Free cash flow was $7.8 billion, up 12.1 percent. Verizon also signed a $2.0+ billion AI infrastructure deal with Amazon Web Services.

Read the Q3 2026 summary →

Quarters

KPI history

Revenue$34.3B+1.5% y/yQ3 2026
Q4 2024: $35.7B (worked out from the annual figure)Q4 ’24$35.7BQ1 2025: $33.5BQ1 ’25$33.5BQ2 2025: $34.5BQ2 ’25$34.5BQ3 2025: $33.8BQ3 ’25$33.8BQ4 2025: $36.4B (worked out from the annual figure)Q4 ’25$36.4BQ1 2026: $34.4BQ1 ’26$34.4BQ2 2026: $34.3BQ2 ’26$34.3BQ3 2026: $34.3BQ3 ’26$34.3B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$35.7B *
Q1 2025$33.5B
Q2 2025$34.5B
Q3 2025$33.8B
Q4 2025$36.4B *
Q1 2026$34.4B
Q2 2026$34.3B
Q3 2026$34.3B
Diluted EPS (GAAP)$1.25+6.8% y/yQ3 2026
Q1 2025: $1.15Q1 ’25$1.15Q2 2025: $1.18Q2 ’25$1.18Q3 2025: $1.17Q3 ’25$1.17Q1 2026: $1.20Q1 ’26$1.20Q2 2026: $0.92Q2 ’26$0.92Q3 2026: $1.25Q3 ’26$1.25
Data
Q1 2025$1.15
Q2 2025$1.18
Q3 2025$1.17
Q1 2026$1.20
Q2 2026$0.92
Q3 2026$1.25

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin25.2%+1.2 pts y/yQ3 2026
Q4 2024: 20.8%Q4 ’2420.8%Q1 2025: 23.8%Q1 ’2523.8%Q2 2025: 23.7%Q2 ’2523.7%Q3 2025: 24.0%Q3 ’2524.0%Q4 2025: 13.8%Q4 ’2513.8%Q1 2026: 23.9%Q1 ’2623.9%Q2 2026: 21.0%Q2 ’2621.0%Q3 2026: 25.2%Q3 ’2625.2%
Data
Q4 202420.8%
Q1 202523.8%
Q2 202523.7%
Q3 202524.0%
Q4 202513.8%
Q1 202623.9%
Q2 202621.0%
Q3 202625.2%
Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$35.7Bd$33.5B$34.5B$33.8B$36.4Bd$34.4B$34.3B$34.3B
Operating income$7.4Bd$8.0B$8.2B$8.1B$5.0Bd$8.2B$7.2B$8.7B
Operating margin20.8%23.8%23.7%24.0%13.8%23.9%21.0%25.2%
Net income$5.0Bd$4.9B$5.0B$5.0B$2.3Bd$5.0B$3.8B$5.2B
Diluted EPS—$1.15$1.18$1.17—$1.20$0.92$1.25
Operating cash flow$10.4Bd$7.8B$9.0Bd$11.3Bd$9.1Bd$8.0B$10.4Bd$11.5Bd

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings