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Verizon Communications Inc (VZ) stock

VZNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 11/3021% below fair value
$44.73+1.07 (+2.45%)

Close on Oct 30, 2026Market cap $185.84BP/E 11.4Yield 6.11%

Earnings

Verizon Communications's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 29, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$34.30B
+1.5% on a year earlier
Adjusted EPS, Q3 FY2026
$1.31
$1.21 a year earlier
Latest guidance
Reaffirmed
Oct 26, 2026 · 7 items

Quarterly results

Revenue and earnings per share from each of Verizon Communications's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Jan 29, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 26, 2026before the open$34.30B+1.5%$1.25$1.31Release
Q2 FY2026ended Jun 30, 2026Jul 24, 2026before the open$34.30B-0.6%$0.92$1.30Release
Q1 FY2026ended Mar 31, 2026Apr 27, 2026before the open$34.40B+2.7%$1.20$1.28Release
Q4 FY2025ended Dec 31, 2025Jan 30, 2026before the open$36.40B+2.0%$0.55$1.09Release
Q3 FY2025ended Sep 30, 2025Oct 29, 2025before the open$33.80B+1.5%$1.17$1.21Release
Q2 FY2025ended Jun 30, 2025Jul 21, 2025before the open$34.50B+5.2%$1.18$1.22Release
Q1 FY2025ended Mar 31, 2025Apr 22, 2025before the open$33.50B+1.5%$1.15$1.19Release
Q4 FY2024ended Dec 31, 2024Jan 24, 2025before the open$35.70B+1.7%$1.18$1.10Release
Q3 FY2024ended Sep 30, 2024Oct 22, 2024before the open$33.30B0.0%$0.78$1.19Release
Q2 FY2024ended Jun 30, 2024Jul 22, 2024before the open$32.80B+0.6%$1.09$1.15Release
Q1 FY2024ended Mar 31, 2024Apr 22, 2024before the open$33.00B+0.3%$1.09$1.15Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Verizon Communications's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Mobility and broadband service revenueQ4 FY2026+4%+4%ReaffirmedOct 26, 2026
Mobility and broadband service revenueFY2026+2.5% – +3%–NewOct 26, 2026
Mobility and broadband service revenue growthFY2026+2.5% – +3%+2% – +3%RaisedJul 24, 2026
Adjusted EPSnon-GAAPFY2026$5.04 – $5.06–NewOct 26, 2026
Adjusted EPSnon-GAAPFY2026$4.99 – $5.04$4.95 – $4.99RaisedJul 24, 2026
Free cash flownon-GAAPFY2026+12%–NewOct 26, 2026
Free Cash Flow Forecastnon-GAAPFY2026$21.94B – $22.14B$21.50BRaisedJul 24, 2026
Free cash flow growthnon-GAAPFY2026+9% – +10%–NewJul 24, 2026
Capital expendituresGAAPFY2026$16.00B – $16.50B–NewOct 26, 2026
Capital expendituresFY2026$16.00B – $16.50B$16.00B – $16.50BReaffirmedJul 24, 2026
Capital expendituresGAAPFY2026$16.00B – $16.50B–NewApr 27, 2026
Adjusted EPS year-over-year growthnon-GAAPFY2026+4% – +5%–NewJan 30, 2026
Cash flow from operationsGAAPFY2026+3.5% – +5%–NewOct 26, 2026
Cash flow from operationsGAAPFY2026$37.50B – $38.00B–NewApr 27, 2026
Cash flow from operationsFY2026$37.50B – $38.00B–NewJan 30, 2026
Cash flow from operations growthFY2026+2% – +4%–RaisedJul 24, 2026
Net Cash Provided by Operating Activities ForecastFY2026$37.94B – $38.64B–RaisedJul 24, 2026
Postpaid phone net additionsFY20261.1 – 1.2–NewOct 26, 2026
Total mobility and broadband service revenue growthFY2026+2% – +3%–NewJan 30, 2026

Guidance vs results

The last range Verizon Communications gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q3 FY2026Revenue growth+3%+1.48%Below range
FY2025Revenue growth+2% – +2.8%+2.52%Σ4QWithin range

Guidance history

Every forecast Verizon Communications put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 26, 2026Capital expendituresFY2026$16.00B – $16.50BNew
Oct 26, 2026Adjusted EPSFY2026$5.04 – $5.06New
Oct 26, 2026Free cash flowFY2026+12%New
Oct 26, 2026Postpaid phone net additionsFY20261.1 – 1.2New
Oct 26, 2026Cash flow from operationsFY2026+3.5% – +5%New
Oct 26, 2026Mobility and broadband service revenueQ4 FY2026+4%Reaffirmed
Oct 26, 2026Mobility and broadband service revenueFY2026+2.5% – +3%New
Jul 24, 2026Capital expendituresFY2026$16.00B – $16.50BReaffirmed
Jul 24, 2026Adjusted EPSFY2026$4.99 – $5.04Raised
Jul 24, 2026Free cash flow growthFY2026+9% – +10%New
Jul 24, 2026Free Cash Flow ForecastFY2026$21.94B – $22.14BRaised
Jul 24, 2026Cash flow from operations growthFY2026+2% – +4%Raised
Jul 24, 2026Net Cash Provided by Operating Activities ForecastFY2026$37.94B – $38.64BRaised
Jul 24, 2026Mobility and broadband service revenue growthFY2026+2.5% – +3%Raised
Jul 24, 2026Total mobility and broadband service revenue growthQ3 FY2026+3%New
Jul 24, 2026Total mobility and broadband service revenue growthQ4 FY2026+4%New
Apr 27, 2026Capital expendituresFY2026$16.00B – $16.50BNew
Apr 27, 2026Adjusted EPSFY2026$4.95 – $4.99Raised
Apr 27, 2026Free cash flowFY2026$21.50BReaffirmed
Apr 27, 2026Cash flow from operationsFY2026$37.50B – $38.00BNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Verizon Communications filed with the SEC as exhibits to Form 8-K or 6-K

  1. Verizon Delivers Another Record-Breaking Quarter with 3Q 2026 Results Driven by Strong Postpaid Phone and Account Additions
    Results
  2. Verizon Delivers Record 2Q26 Results as Strategic Transformation Ignites Accelerated Growth
    Results
  3. Verizon announces expiration and final results of its private exchange offers and consent solicitations for
    News
  4. Verizon announces extension of early participation date and early results of its private exchange offers and
    News
  5. Verizon announces private exchange offers and consent solicitations for 11 series of notes open to certain
    News
  6. Verizon’s Transformation Actions Deliver Growth & Profitability in 1Q26; Company Raises Adjusted EPS Guidance
    Results
  7. Selected Historical Financial and Operating Information
    Update
  8. Verizon Delivers on 2025 Financial Guidance with Highest Quarterly Net Adds Since 2019
    Results
  9. Verizon Reports 3Q 2025 Earnings
    Results
  10. Board of Directors Appoints Independent Lead Director and Former CEO of PayPal, Dan Schulman, as Chief Executive Officer
    Update
  11. Verizon raises financial guidance for adjusted EBITDA, adjusted EPS and free cash flow after strong Q2 performance
    Results
  12. Verizon announces final results of its private exchange offers
    News
  13. Verizon announces expiration and preliminary expiration date results of its private exchange offers for 10
    News
  14. Verizon announces pricing terms of its private exchange offers for 10 series of
    News
  15. Verizon announces private exchange offers for 10 series of
    News