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Verizon Communications Inc (VZ) operating KPIs

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%

KPIs

Operating metrics that drive Verizon Communications's business · fiscal year ends December 31

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Q2 2026
2026-06-30
Q1 2026
2026-03-31
Q4 2025
2025-12-31
Q3 2025
2025-09-30
Q2 2025
2025-06-30
Q1 2025
2025-03-31
Q4 2024
2024-12-31
Q3 2024
2024-09-30
Q2 2024
2024-06-30
Q1 2024
2024-03-31
Q4 2023
2023-12-31
Q3 2023
2023-09-30
Total Wireless Retail Connections (k)2
146,953146,798146,930146,119146,136145,974146,075144,743144,466144,756144,751143,579
Wireless Retail Postpaid Connections (k)3
126,619126,499126,705125,913125,895125,744125,937124,537124,190123,852123,629122,159
Wireless Retail Postpaid Phone Connections (k)
94,09893,92093,86893,24693,20793,21493,51793,01592,85292,81892,89092,426
Consumer Wireless Retail Postpaid Connections (k) (Pre-2026 Segment Reporting)2
95,67894,87094,94894,85495,11894,00593,96093,90593,85092,704
Consumer Wireless Retail Postpaid Phone Connections (k) (Pre-2026 Segment Reporting)
74,92474,36474,35974,40674,77274,41274,40774,52374,72074,407
Consumer Total Wireless Retail Connections (k) (Pre-2026 Segment Reporting)
115,903115,076115,189115,084115,256114,211114,236114,809114,972114,124
Business Wireless Retail Postpaid Connections (k) (Pre-2026 Segment Reporting)1
31,02731,04330,94730,89030,81930,53230,23029,94729,77929,455
Business Wireless Retail Postpaid Phone Connections (k) (Pre-2026 Segment Reporting)
18,94418,88218,84818,80818,74518,60318,44518,29518,17018,019
Wireless Retail Core Prepaid Connections (k)2
19,35119,27919,16919,06219,01718,97718,84318,78018,70218,71721,12221,420
Wireless Retail Core Prepaid Phone Connections (k)
18,65418,62818,56118,50618,50218,489
Consumer Wireless Retail Prepaid Connections (k) (Pre-2026 Segment Reporting)
19,16919,06219,01718,97718,84318,78018,70218,71721,12221,420
Total Wireless Retail Net Additions (k)2
223-1168512177-651,347280-284371,171374
Wireless Retail Postpaid Net Additions (k)3
188-19682936155-1591,4133493402531,460581
Wireless Retail Postpaid Phone Net Additions (k)
1845561644-9-28950416726-114449100
Consumer Wireless Retail Postpaid Net Additions (k) (Pre-2026 Segment Reporting)4
818-7490-2531,1306872751,168251
Consumer Wireless Retail Postpaid Phone Net Additions (k) (Pre-2026 Segment Reporting)
551-7-51-35636718-109-194318-51
Consumer Total Wireless Retail Net Additions (k) (Pre-2026 Segment Reporting)
840-108112-1591,064-1-552-14187944
Consumer Wireless Retail Postpaid Gross Additions (k) (Pre-2026 Segment Reporting)
4,2793,1043,2772,9704,3103,0882,9012,9834,1853,152
Consumer Wireless Retail Postpaid Phone Gross Additions (k) (Pre-2026 Segment Reporting)
2,6792,0161,9581,6582,3241,8601,6471,6742,2931,843
Business Wireless Retail Postpaid Net Additions (k) (Pre-2026 Segment Reporting)3
111106594283281268178292330
Business Wireless Retail Postpaid Phone Net Additions (k) (Pre-2026 Segment Reporting)
6551426713714913580131151
Business Wireless Retail Postpaid Gross Additions (k) (Pre-2026 Segment Reporting)
1,5341,5591,5571,5041,6171,6011,5791,5311,6051,618
Business Wireless Retail Postpaid Phone Gross Additions (k) (Pre-2026 Segment Reporting)
783756756715740770737694738761
Wireless Retail Core Prepaid Net Additions (k)2
7311510947501376580-12-131-289-207
Wireless Retail Core Prepaid Phone Net Additions (k)
2470721424110
Consumer Wireless Retail Prepaid Net Additions (k) (Pre-2026 Segment Reporting)
10947501376580-12-131-289-207
Total Broadband Connections (k) (Consolidated Fiber + FWA)4
17,12116,76313,46813,06512,72512,426
Fiber Broadband Connections (k) (Fios & Frontier Fiber)
10,91310,7577,7417,6747,6137,581
Fixed Wireless Access (FWA) Broadband Connections (k)
6,2086,0065,7275,3915,1124,845
Consumer Total Broadband Connections (k) (Pre-2026 Segment Reporting)3
10,85810,59310,42510,24410,0149,7629,5309,2979,0568,792
Consumer Wireline Broadband Connections (k) (Pre-2026 Segment Reporting)1
7,4517,3957,3487,3307,3007,2647,2387,2277,1907,151
Consumer Fios Internet Connections (k) (Pre-2026 Segment Reporting)
7,3287,2637,2047,1767,1357,0887,0497,0256,9766,923
Consumer Fixed Wireless Access (FWA) Connections (k) (Pre-2026 Segment Reporting)
3,4073,1983,0772,9142,7142,4982,2922,0701,8661,641
Consumer Fios Video Connections (k) (Pre-2026 Segment Reporting)
2,4412,4942,5642,6262,6842,7442,8182,8832,9513,013
Business Total Broadband Connections (k) (Pre-2026 Segment Reporting)3
2,7722,6492,4932,3902,3132,1571,9811,8161,6611,499
Business Wireline Broadband Connections (k) (Pre-2026 Segment Reporting)1
452456458459459459458458460461
Business Fios Internet Connections (k) (Pre-2026 Segment Reporting)
413411409405401397393389385383
Business Fixed Wireless Access (FWA) Connections (k) (Pre-2026 Segment Reporting)
2,3202,1932,0351,9311,8541,6981,5231,3581,2011,038
Business Fios Video Connections (k) (Pre-2026 Segment Reporting)
47495152545658596163
Total Broadband Net Additions (k) (Consolidated Fiber + FWA)4
348341386322310353
Fiber Broadband Net Additions (k) (Fios & Frontier Fiber)
15512767613245
Fixed Wireless Access (FWA) Broadband Net Additions (k)
193214319261278308
Consumer Total Broadband Net Additions (k) (Pre-2026 Segment Reporting)3
265168181230251235231239270304
Consumer Wireline Broadband Net Additions (k) (Pre-2026 Segment Reporting)1
56471731352613363953
Consumer Fios Internet Net Additions (k) (Pre-2026 Segment Reporting)
65592841473924495369
Consumer Fixed Wireless Access (FWA) Net Additions (k) (Pre-2026 Segment Reporting)
209121164199216209218203231251
Consumer Fios Video Net Additions (k) (Pre-2026 Segment Reporting)
-53-70-62-58-60-74-65-68-62-78
Business Total Broadband Net Additions (k) (Pre-2026 Segment Reporting)3
107138112109157154160150143130
Business Wireline Broadband Net Additions (k) (Pre-2026 Segment Reporting)1
-3-2-2-1-1-3
Business Fios Internet Net Additions (k) (Pre-2026 Segment Reporting)
2244444423
Business Fixed Wireless Access (FWA) Net Additions (k) (Pre-2026 Segment Reporting)
110140114109157154160151144133
Business Fios Video Net Additions (k) (Pre-2026 Segment Reporting)
-2-2-1-2-2-2-1-2-2-1
Wireless Retail Postpaid Accounts (k)3
34,23734,36934,49634,47034,64634,69634,84934,74634,76634,83934,95834,855
Consumer Wireless Retail Postpaid Accounts (k) (Pre-2026 Segment Reporting)
32,38432,35332,55032,62032,79432,71932,76932,87632,99032,938
Wireless Retail Postpaid Connections per Account (x) (Through FY2025Q4)(×)
3.673.653.633.623.613.583.573.553.543.50
Consumer Wireless Retail Postpaid Connections per Account (x) (Pre-2026 Segment Reporting)(×)
2.952.932.922.912.902.872.872.862.842.81
Wireless Retail Postpaid ARPA (Average Revenue per Account per Month, $)($)1
168167171171171170169168167164156156
Consumer Wireless Retail Postpaid ARPA ($) (Pre-2026 Segment Reporting)($)
147148148146146145144141134133
Wireless Retail Core Prepaid ARPU (Average Revenue per User per Month, $)($)1
33.3733.3132.9032.7032.5631.9232.3432.4132.4832.2631.8731.87
Consumer Wireless Retail Prepaid ARPU ($) (Pre-2026 Segment Reporting)($)
32.9032.7032.5631.9232.3432.4132.4832.2631.8731.87
Wireless Retail Postpaid Phone Monthly Churn (%)(%)7
0.9%1.0%1.0%1.0%1.0%1.0%0.9%0.9%0.9%0.9%0.9%0.9%
Consumer Wireless Retail Postpaid Phone Monthly Churn (%) (Pre-2026 Segment Reporting)(%)
1.0%0.9%0.9%0.9%0.9%0.8%0.8%0.8%0.9%0.9%
Business Wireless Retail Postpaid Phone Monthly Churn (%) (Pre-2026 Segment Reporting)(%)
1.3%1.3%1.3%1.2%1.1%1.1%1.1%1.1%1.1%1.1%
Wireless Retail Total Postpaid Monthly Churn (%) (Through FY2025Q4)(%)
1.3%1.2%1.2%1.2%1.2%1.2%1.1%1.2%1.2%1.2%
Consumer Wireless Retail Total Postpaid Monthly Churn (%) (Pre-2026 Segment Reporting)(%)
1.2%1.1%1.1%1.1%1.1%1.1%1.0%1.0%1.1%1.0%
Business Wireless Retail Total Postpaid Monthly Churn (%) (Pre-2026 Segment Reporting)(%)
1.6%1.6%1.6%1.5%1.5%1.5%1.5%1.5%1.5%1.5%
Wireless Retail Total Monthly Churn (%) (Through FY2025Q4)(%)
1.7%1.6%1.6%1.6%1.6%1.6%1.6%1.6%1.7%1.6%
Consumer Total Wireless Retail Monthly Churn (%) (Pre-2026 Segment Reporting)(%)
1.7%1.6%1.6%1.6%1.6%1.6%1.6%1.6%1.7%1.7%
Wireless Retail Core Prepaid Monthly Churn (%)(%)1
3.6%3.5%3.7%3.7%3.6%3.5%3.8%3.7%3.6%3.6%4.6%4.4%
Consumer Wireless Retail Prepaid Monthly Churn (%) (Pre-2026 Segment Reporting)(%)
3.7%3.7%3.6%3.5%3.8%3.7%3.6%3.6%4.6%4.4%
Wireless Retail Postpaid Quarterly Upgrade Rate (%)(%)2
2.6%3.0%4.4%3.3%3.6%2.8%4.1%3.0%2.8%3.0%4.1%3.4%
Consumer Wireless Retail Postpaid Upgrade Rate (%) (Pre-2026 Segment Reporting)(%)
5.0%3.6%4.0%3.0%4.5%3.2%2.9%3.1%4.4%3.6%
Business Wireless Retail Postpaid Upgrade Rate (%) (Pre-2026 Segment Reporting)(%)
2.6%2.3%2.3%2.2%2.8%2.5%2.4%2.5%3.1%2.9%
Verizon Consumer Group — Total Operating Revenues ($M)($M)4
26,24226,45328,43626,10526,64825,61827,56025,36024,92725,05726,95425,257
Consumer Mobility and Broadband Service Revenue ($M) (New Disaggregation from FY2025Q1)($M)
19,63719,18019,02419,09619,00218,801
Consumer Wireless Equipment Revenue ($M)($M)
4,1784,8247,1124,7665,3694,5326,4874,4784,1434,4906,4354,902
Consumer Other Revenue ($M)($M)
2,4272,4492,3002,2432,2772,2851,0099639339431,5921,505
Consumer Service Revenue ($M) (Pre-2026 Disaggregation through FY2025Q4)($M)2
20,24820,33820,26020,06620,06419,91919,85119,62418,92718,850
Consumer Wireless Service Revenue ($M) (Through FY2025Q4)($M)
17,37317,44117,36917,19917,17017,03616,98516,76016,03415,963
Consumer Fios Revenue ($M) (Through FY2025Q4)($M)
2,9212,9372,9242,8962,9392,9162,8962,8962,9422,897
Verizon Consumer Group — Total Operating Expenses ($M)($M)4
18,21018,73921,53918,44119,00518,19420,65617,75617,32317,68519,91917,710
Consumer Cost of Services ($M)($M)
4,9284,8204,6434,6354,5814,5744,5184,5674,4504,5374,3624,419
Consumer Cost of Wireless Equipment ($M)($M)
4,6585,3037,9425,2705,8064,9127,2274,8504,4324,7506,8775,133
Consumer Selling, General and Administrative Expense ($M)($M)
4,8374,8865,4744,9685,0365,1655,4734,9285,0475,0895,3364,886
Consumer Depreciation and Amortization Expense ($M)($M)
3,7873,7303,4803,5683,5823,5433,4383,4113,3943,3093,3443,272
Verizon Consumer Group — Operating Income ($M)($M)1
8,0327,7146,8977,6647,6437,4246,9047,6047,6047,3727,0357,547
Consumer Operating Income Margin (%)(%)
30.6%29.2%24.3%29.4%28.7%29.0%25.1%30.0%30.5%29.4%26.1%29.9%
Verizon Consumer Group — Segment EBITDA ($M)($M)1
11,81911,44410,37711,23211,22510,96710,34211,01510,99810,68110,37910,819
Consumer Segment EBITDA Margin (%)(%)
45.0%43.3%36.5%43.0%42.1%42.8%37.5%43.4%44.1%42.6%38.5%42.8%
Verizon Business Group — Total Operating Revenues ($M)($M)8
7,1557,1307,0776,8436,9737,0027,5047,3517,3007,3767,6187,527
Business Mobility and Broadband Service Revenue ($M) (New Disaggregation from FY2025Q1)($M)
3,7283,6883,7473,7433,7333,717
Business Wireless Equipment Revenue ($M) (New Disaggregation from FY2025Q1)($M)
8468571,087853886866
Business Other Revenue ($M) (New Disaggregation from FY2025Q1)($M)
2,5812,5852,2432,2472,3542,419
Business Wireless Service Revenue ($M) (Pre-2026 Disaggregation through FY2025Q4)($M)
3,5893,5883,5793,5653,5723,5623,5213,4673,3643,367
Business Fios Revenue ($M) (Pre-2026 Disaggregation through FY2025Q4)($M)
314310310310314314313311312308
Business Enterprise and Public Sector Revenue ($M) (Through FY2025Q4)($M)
3,3313,3113,4353,4573,5483,5383,5453,5873,7183,787
Business Markets and Other Revenue ($M) (Through FY2025Q4)($M)
3,5693,3523,3463,3143,4383,2633,2033,1953,3183,184
Business Wholesale Revenue ($M) (Through FY2025Q4)($M)
466479494515518550552594582556
Verizon Business Group — Total Operating Expenses ($M)($M)4
6,1646,1746,3936,1276,2496,2566,9106,7866,8006,9777,1756,988
Business Cost of Services ($M)($M)
2,0232,1172,0831,9852,0602,1542,4152,4402,4552,4322,5192,536
Business Cost of Wireless Equipment ($M)($M)
1,2031,2021,4381,2131,2011,1941,3541,1971,1351,1551,3531,220
Business Selling, General and Administrative Expense ($M)($M)
1,8471,8061,8851,9271,9901,9192,0802,1092,1322,2622,1392,105
Business Depreciation and Amortization Expense ($M)($M)
1,0911,0499871,0029989891,0611,0401,0781,1281,1641,127
Verizon Business Group — Operating Income ($M)($M)1
991956684716724746594565500399443539
Business Operating Income Margin (%)(%)
13.9%13.4%9.7%10.5%10.4%10.7%7.9%7.7%6.8%5.4%5.8%7.2%
Verizon Business Group — Segment EBITDA ($M)($M)1
2,0822,0051,6711,7181,7221,7351,6551,6051,5781,5271,6071,666
Business Segment EBITDA Margin (%)(%)
29.1%28.1%23.6%25.1%24.7%24.8%22.1%21.8%21.6%20.7%21.1%22.1%
Consolidated Total Operating Revenues ($M)($M)3
34,25334,44036,38133,82134,50433,48535,68133,33032,79632,98135,13033,336
Consolidated Service and Other Revenue ($M)($M)
29,22928,75928,18328,20228,24928,08728,16627,98727,79827,62027,65827,523
Consolidated Wireless Equipment Revenue ($M)($M)
5,0245,6818,1985,6196,2555,3987,5155,3434,9985,3617,4725,813
Consolidated Total Wireless Revenue ($M) (Supplement through FY2025Q4)($M)4
30,24527,64428,22427,17629,21026,84826,37126,45928,44526,650
Consolidated Total Wireless Service Revenue ($M) (Consumer + Business, through FY2025Q4)($M)
20,96221,02920,94820,76420,74220,59820,50620,22719,39819,330
Consolidated Total Wireless Equipment Revenue ($M) (Supplement through FY2025Q4)($M)
8,1985,6196,2555,3987,5155,3434,9985,3617,4725,813
Consolidated Total Wireless Other Revenue ($M) (Supplement through FY2025Q4)($M)
1,0859961,0211,0149539078678711,5751,507
Consolidated Fixed Wireless Access (FWA) Revenue ($M) (Through FY2025Q4)($M)
786758728668611562514452403347
Consolidated Total Operating Expenses ($M)($M)4
27,07426,19831,37725,71626,33225,50728,26027,40424,97825,46034,53025,863
Consolidated Cost of Services ($M)($M)
7,2257,1677,0986,8636,8786,9506,9337,1936,9046,9676,9527,084
Consolidated Cost of Wireless Equipment ($M)($M)
5,8596,5069,3806,4837,0076,1068,5816,0475,5675,9058,2306,353
Consolidated Selling, General and Administrative Expense ($M)($M)
8,9827,63310,3807,7527,8127,8748,2409,7068,0248,1438,9917,995
Consolidated Depreciation and Amortization Expense ($M)($M)
5,0084,8924,5194,6184,6354,5774,5064,4584,4834,4454,5164,431
Consolidated Operating Income ($M)($M)2
7,1798,2425,0048,1058,1727,9787,4215,9267,8187,5216007,473
Interest Expense ($M)($M)
-1,985-1,940-1,759-1,664-1,639-1,632-1,644-1,672-1,698-1,635-1,599-1,433
Provision for Income Taxes ($M)($M)
-1,325-1,638-615-1,471-1,488-1,490-1,454-891-1,332-1,353-756-1,308
Consolidated Net Income ($M)($M)3
3,9495,1462,4485,0565,1214,9835,1143,4114,7024,722-2,5734,884
Net Income Attributable to Verizon ($M)($M)
1111111111-2,7054,762
Net Income Attributable to Noncontrolling Interests ($M)($M)
114101106106118104109105109120132122
Consolidated Net Income Margin (%)(%)
11.5%14.9%6.7%14.9%14.8%14.9%14.3%10.2%
Consolidated Adjusted EBITDA (Non-GAAP, $M)($M)2
13,72313,39511,86012,77512,80712,55511,92712,49112,30112,07211,67812,238
Consolidated EBITDA (Unadjusted, $M)($M)
12,26713,6169,34112,80912,88312,68212,71810,43212,21512,1554,29812,056
Consolidated Adjusted EBITDA Margin (Non-GAAP, %)(%)
40.1%38.9%32.6%37.8%37.1%37.5%33.4%37.5%
Diluted Earnings per Common Share (GAAP, $)($)6
0.921.200.551.171.181.151.180.781.091.09-0.641.13
Adjusted Earnings per Common Share (Non-GAAP, $)($)
1.301.281.091.211.221.191.101.191.151.151.081.22
Basic Earnings per Common Share (GAAP, $)($)
0.921.200.551.171.181.161.190.781.091.09-0.641.13
Dividends Declared per Common Share ($)($)
0.710.710.690.690.680.680.680.680.670.670.670.67
Weighted-Average Diluted Common Shares Outstanding (Millions)(M)
4,1714,2104,2364,2334,2284,2264,2274,2254,2214,2194,2144,216
Weighted-Average Basic Common Shares Outstanding (Millions)(M)
4,1684,2054,2304,2284,2244,2224,2224,2204,2154,2154,2144,213
End of Period Common Shares Outstanding (Millions)(M)
4,1554,1764,2174,2164,2164,2164,2104,2104,2104,2094,2044,204
Cash Flows from Operating Activities ($M)($M)8
10,4357,9849,11411,2668,9757,78210,4329,9119,4857,0848,67710,778
Capital Expenditures (Additions to PP&E, $M)($M)
4,0094,2014,7484,3103,8084,1455,0713,9483,6954,3764,6034,094
Free Cash Flow (Non-GAAP, $M)($M)
6,4263,7834,3666,9565,1673,6375,3615,9635,7902,7084,0746,684
Acquisitions of Wireless Licenses (Spectrum Cash Outflow, $M)($M)
1,072831101061121221321551644493,937774
Dividends Paid ($M)($M)
2,9542,9102,9122,8572,8562,8562,8502,8012,8022,7962,7942,744
Proceeds from Long-Term Borrowings ($M)($M)
3,9655,97514,3162,276420123,11019496
Proceeds from Asset-Backed Long-Term Borrowings ($M)($M)
5,8746,1541,9982,3782,1812,7814,1932,4013,3182,5101,938951
Repayments of Long-Term Borrowings & Finance Lease Obligations ($M)($M)
10,1684,2583,8231,9993,0842,4465,2319041,2114,5086132,968
Repayments of Asset-Backed Long-Term Borrowings ($M)($M)
7,0846,8282,0001,9251,9232,5892,3322,1502,6001,4087141,346
Total Debt ($M)($M)7
165,231172,460158,150146,775145,996143,649144,014150,641149,277151,698150,674147,391
Debt Maturing Within One Year (Short-Term Debt, $M)($M)
21,78328,22918,61820,14622,06722,62922,63321,76323,25515,59412,97312,950
Long-Term Debt ($M)($M)
143,448144,231139,532126,629123,929121,020121,381128,878126,022136,104137,701134,441
Total Unsecured Debt ($M)($M)1
136,471142,498131,083119,714119,396117,313117,876126,369125,262128,408128,491126,440
Net Unsecured Debt (Non-GAAP, $M)($M)
128,682130,053110,053112,008115,961115,056113,682121,382122,830126,043126,426122,230
Secured Debt (Asset-Backed Securitization Debt, $M)($M)
28,76029,96227,06727,06126,60026,33626,13824,27224,01523,29022,18320,951
Cash and Cash Equivalents ($M)($M)
1,7528,36619,0487,7063,4352,2574,1944,9872,4322,3652,0654,210
Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio (Non-GAAP, x)(×)
2.502.602.202.202.302.302.302.502.502.602.602.60
Unsecured Debt to Net Income (LTM) Ratio (GAAP, x)(×)
8.208.007.405.906.406.406.6012.3010.7010.9010.605.90
Total Assets ($M)($M)9
410,186417,882404,258388,331383,285380,364384,711381,164379,146380,158380,255384,830
Wireless Licenses (Spectrum Assets, $M)($M)
158,159157,082157,039156,926156,820156,726156,613156,481156,291156,111155,667155,465
Property, Plant and Equipment, Net ($M)($M)
125,497125,972109,467108,467108,069107,923108,522107,528107,890107,863108,310107,490
Goodwill ($M)($M)
30,66430,62822,84122,84122,84122,84222,84122,84422,84222,84222,84328,642
Other Intangible Assets, Net ($M)($M)
12,31712,79910,45810,51610,63510,84711,12910,67410,68010,83511,05710,952
Operating Lease Right-of-Use (ROU) Assets ($M)($M)
23,15823,40123,49823,76023,94924,17524,47223,61324,06424,35124,72625,086
Inventories ($M)($M)
2,0362,3202,4412,7002,1372,1972,2472,5231,8412,0762,0572,240
Deferred Income Taxes Liability ($M)($M)
50,23449,31248,71748,22646,56846,64346,73245,86546,08245,98045,78144,434
Employee Benefit Obligations ($M)($M)
11,75812,02311,09911,07211,17011,79311,99712,74412,81212,80513,18912,226
Total Equity ($M)($M)
105,196104,622105,741106,345104,361102,037100,57597,66897,53995,72693,79999,088
Frontier — Total Locations Passed with Fiber (Millions) (Pre-Acquisition Standalone)(M)5
8.808.508.107.807.607.206.806.50
Frontier Fiber Broadband — Consumer Customers (k)
2,5972,4722,3522,2492,1572,0531,9631,8781,797
Frontier Fiber Broadband — Business and Wholesale Customers (k)
161153147143138134132129126
Frontier Fiber Broadband — Consumer Net Customer Additions (k)
3482231039227917585222
Frontier Fiber Broadband — Consumer Monthly ARPU ($)($)
68.5968.5468.2165.9865.4065.3265.1864.49
Frontier Fiber Broadband — Consumer Monthly Customer Churn (%)(%)
1.4%1.3%1.2%1.3%1.5%1.4%1.2%1.5%
Frontier Copper Broadband — Consumer Customers (k)4
481526571612666721771822870
Frontier Copper Broadband — Business and Wholesale Customers (k)
6976839096102108114120
Frontier Copper Broadband — Consumer Net Customer Additions / (Losses) (k)
-45-45-41-54-55-50-51-58
Frontier Copper Broadband — Consumer Monthly ARPU ($)($)
65.1765.1162.3962.1259.1658.2656.1654.62
Frontier Copper Broadband — Consumer Monthly Customer Churn (%)(%)
2.6%2.3%2.1%2.5%2.4%2.0%1.9%2.2%
Frontier Total Consumer Customers (k)4
3,3353,2833,2323,1933,1763,1543,1403,1293,118
Frontier Total Consumer Net Customer Additions / (Losses) (k)
52513917221411
Frontier Consumer Average Monthly Revenue per Customer (ARPC, $)($)
83.1984.4384.4083.5883.1283.5783.6583.99
Frontier Total Consumer Monthly Customer Churn (%)(%)
1.8%1.6%1.5%1.7%1.8%1.7%1.5%1.7%
Frontier Standalone Employees (Headcount)
12,67912,76512,73813,02512,95012,96013,22713,29713,756
Frontier Standalone Total Revenue ($M)($M)5
1,5501,5391,5111,4901,4891,4801,4621,4091,436
Frontier Revenue from Contracts with Customers ($M)($M)8
1,5331,5221,4951,4901,4711,4661,4461,4091,421
Frontier Data and Internet Services Revenue ($M)($M)
3,2542,1341,049-1,8482,9341,930947-1,7072,637
Frontier Voice Services Revenue ($M)($M)
844572290-657934633321-7301,044
Frontier Video Services Revenue ($M)($M)
20514274-19726518294-249333
Frontier Other Contract Revenue ($M)($M)
24716982-16625016784-169253
Frontier Fiber Contract Revenue ($M)($M)
956939913890867840805762760
Frontier Copper Contract Revenue ($M)($M)
577583582600604626641647661
Frontier Consumer Contract Revenue ($M)($M)
826825813798789789787774787
Frontier Business and Wholesale Contract Revenue ($M)($M)
707697682692682677659635634
Frontier Subsidy and Other Revenue ($M)($M)
503316-30483016-4858
Frontier Total Operating Expenses ($M)($M)4
1,4331,4951,4351,4201,4031,3891,3721,3061,322
Frontier Cost of Service ($M)($M)
547532521534538516522510545
Frontier Selling, General and Administrative Expenses ($M)($M)
395490433421427449428396405
Frontier Depreciation and Amortization ($M)($M)
470457445429410398388375356
Frontier Restructuring Costs and Other Charges ($M)($M)
211636362826342516
Frontier Operating Income ($M)($M)
117447686869190120114
Frontier Operating Cash Flow ($M)($M)
504477519294618374335296383
Remaining Performance Obligations (RPO) — Aggregate Transaction Price ($B)($M)6
55.257.658.153.853.553.3
Excluded Long-Term Business Wireline Minimum Contract Payments (Through 2053, $B)($M)
1.301.401.301.401.501.601.801.80222.101.40
RPO Expected Recognition — Remainder of Current Year / Year 1 ($B) (Through FY2024Q4)($M)
28.57.7014.821.125.76.50
RPO Expected Recognition — Subsequent Year / Year 2 ($B) (Through FY2024Q4)($M)
17.527.124.523.218.722.1
RPO Expected Recognition — Thereafter ($B) (Through FY2024Q4)($M)
7.2023.11713.37.5019.7
Month-to-Month Service Contracts Share — Wireless Postpaid (%)(%)
95.0%95.0%95.0%95.0%95.0%95.0%95.0%95.0%95.0%94.0%
Month-to-Month Service Contracts Share — Wireline Consumer & SMB (%)(%)
96.0%96.0%94.0%95.0%95.0%95.0%95.0%94.0%94.0%94.0%
Total Contract Liabilities (Deferred Revenue, $M)($M)5
9,94010,43010,0099,7419,7829,7169,6789,1039,0449,0928,9028,629
Contract Liabilities — Current (Other Current Liabilities, $M)($M)
7,5537,8247,5767,5047,5347,5387,4927,2217,1637,1436,9556,853
Contract Liabilities — Non-Current (Other Liabilities, $M)($M)
2,3872,6062,4332,2372,2482,1782,1861,8821,8811,9491,9471,776
Revenue Recognized from Beginning Contract Liability Balance ($M)($M)
2254,60010,200-1452754,6001002062624,400100202
Total Contract Assets ($M)($M)2
735720777841784860942866835827814790
Contract Assets — Current (Prepaid Expenses and Other, $M)($M)
442450518549537559621569548541546541
Contract Assets — Non-Current (Other Assets, $M)($M)
293270259292247301321297287286268249
Total Deferred Contract Acquisition & Fulfillment Costs ($M)($M)3
6,2726,2426,1635,9775,8685,7085,7405,4815,4095,3915,3955,176
Deferred Contract Costs — Current ($M)($M)
3,3823,4003,3153,1463,0512,9342,9322,8302,8112,7792,7562,673
Deferred Contract Costs — Non-Current ($M)($M)
2,8902,8422,8482,8312,8172,7742,8082,6512,5982,6122,6392,503
Amortization of Deferred Contract Acquisition & Fulfillment Costs ($M)($M)
1,0001,000900901892877900865829829800799
Device Payment Plan (DPP) Financing Receivables, Gross ($M)($M)6
32,70633,61134,00431,44531,49130,80531,30829,20229,13729,29629,20626,988
DPP Financing Receivables Allowance for Credit Losses ($M)($M)
1,6251,6931,6281,4271,4311,3481,3151,1301,2101,1941,1511,045
Device Payment Plan (DPP) Financing Receivables, Net ($M)($M)2
30,06530,88031,32329,01329,04728,48129,01827,18927,08427,30327,29725,301
DPP Financing Receivables, Net — Current ($M)($M)
15,56815,70615,77714,99814,93214,90215,14114,51814,14913,69613,17312,344
DPP Financing Receivables, Net — Non-Current ($M)($M)
14,49715,17415,54614,01514,11513,57913,87712,67112,93513,60714,12412,957
Trade Accounts Receivable, Gross ($M)($M)
27,73427,96628,34727,08327,44027,03327,26127,04026,70226,38026,10224,559
Trade Accounts Receivable Allowance for Credit Losses ($M)($M)
1,2481,3111,2501,1631,1651,1441,1521,0861,0951,0611,017957
Trade Accounts Receivable, Net ($M)($M)
26,48626,65527,09725,92026,27525,88926,10925,95425,60725,31925,08523,602
Provision for Credit Losses (Cash Flow Statement, $M)($M)
462581736478548587715504552567618535
Property, Plant and Equipment, Gross ($M)($M)1
357,086357,650337,991334,765332,529331,888331,406327,555324,978322,266320,108316,767
Less: Accumulated Depreciation ($M)($M)
231,589231,678228,524226,298224,460223,965222,884220,027217,088214,403211,798209,277
Total Undiscounted Operating Lease Payments Due (Note 6, $M)2
Operating Lease Liabilities — Current ($M)($M)
4,8354,7204,5424,5014,7314,6864,4154,3124,2474,2824,2663,906
Operating Lease Liabilities — Non-Current ($M)($M)
18,39218,69218,95119,17619,16419,37919,92819,24719,45619,65420,00220,773
Verizon Consolidated Employees (End of Period, k)(M)
97.699.689.910010099.499.6101104104105111
Peer Benchmark — Operating Revenues: Verizon (VZ, $M)($M)4
34,25334,44036,38133,82134,50433,48535,68133,33032,79632,98135,13033,336
Peer Benchmark — Operating Revenues: AT&T Inc. (T, $M)($M)
31,55831,50633,46630,70930,84730,62632,29830,21329,79730,02832,02230,350
Peer Benchmark — Operating Revenues: T-Mobile US, Inc. (TMUS, $M)($M)
22,79123,10724,33421,95721,13220,88621,87220,16219,77219,59420,47819,252
Peer Benchmark — Operating Revenues: Comcast Corporation (CMCSA, $M)($M)
29,94031,45732,31031,19830,31329,88731,91432,07029,68830,05831,25330,115
Peer Benchmark — Operating Revenues: Charter Communications, Inc. (CHTR, $M)($M)
13,52613,59713,60113,67213,76613,73513,92613,79513,68513,67913,71113,584
Peer Benchmark — Operating Income: Verizon (VZ, $M)($M)4
7,1798,2425,0048,1058,1727,9787,4215,9267,8187,5216007,473
Peer Benchmark — Operating Income: AT&T Inc. (T, $M)($M)
7,0386,6585,7886,1196,5015,7545,3262,1165,7605,8475,2715,782
Peer Benchmark — Operating Income: T-Mobile US, Inc. (TMUS, $M)($M)
5,4904,4973,7364,5305,2134,8004,5864,7964,6303,9983,4803,596
Peer Benchmark — Operating Income: Comcast Corporation (CMCSA, $M)($M)
5,1604,1353,4885,5345,9925,6584,9935,8596,6355,8104,4846,475
Peer Benchmark — Operating Income: Charter Communications, Inc. (CHTR, $M)($M)
3,0633,2083,2613,1313,2793,2373,3893,3353,2633,1313,2673,126
Peer Benchmark — Operating Cash Flow: Verizon (VZ, $M)($M)4
10,4357,9849,11411,2668,9757,78210,4329,9119,4857,0848,67710,778
Peer Benchmark — Operating Cash Flow: AT&T Inc. (T, $M)($M)
10,8017,59511,32010,1529,7639,04911,89610,2359,0937,54711,37810,336
Peer Benchmark — Operating Cash Flow: T-Mobile US, Inc. (TMUS, $M)($M)
7,5007,2226,6547,4576,9926,8475,5496,1395,5215,0844,8595,294
Peer Benchmark — Operating Cash Flow: Comcast Corporation (CMCSA, $M)($M)
8,0926,8918,8418,6937,8158,2948,0807,0214,7247,8485,9228,153
Peer Benchmark — Operating Cash Flow: Charter Communications, Inc. (CHTR, $M)($M)
3,9254,3043,7614,4803,6004,2363,4603,9053,8533,2123,8553,944
Peer Benchmark — Capital Expenditures: Verizon (VZ, $M)($M)4
4,0094,2014,7484,3103,8084,1455,0713,9483,6954,3764,6034,094
Peer Benchmark — Capital Expenditures: AT&T Inc. (T, $M)($M)
5,7004,8776,7814,8874,8974,2776,8435,3024,3603,7584,6014,647
Peer Benchmark — Capital Expenditures: T-Mobile US, Inc. (TMUS, $M)($M)
2,7032,6232,4692,6392,3962,4512,2121,9612,0402,6271,5872,424
Peer Benchmark — Capital Expenditures: Comcast Corporation (CMCSA, $M)($M)
2,9022,3513,7493,0712,6782,2523,9142,9132,7242,6303,3203,295
Peer Benchmark — Capital Expenditures: Charter Communications, Inc. (CHTR, $M)($M)
2,8712,8553,3353,0512,8742,3993,0622,5632,8532,7912,8562,961

3 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Verizon Communications Inc.'s latest reported quarter is Q2 2026 (ended June 30, 2026; Form 8-K & 2Q 2026 Financial and Operating Information filed July 24, 2026, Form 10-Q filed July 31, 2026). Monthly series from Verizon Master Trust Form 10-D (EX-99.1) and U.S. BLS/FRED run through September 2026 (2026-09), 3 months ahead of the latest quarterly earnings release.
  • On January 20, 2026, Verizon completed the acquisition of Frontier Communications Parent, Inc. (FYBR, CIK 0000020520) for $9,480M cash net of cash acquired. Beginning in Q1 2026 (with historical periods recast back to FY2025Q1), Verizon consolidated its subscriber and broadband metrics (Wireless Retail, Postpaid, Postpaid Phone, Core Prepaid, Fiber Broadband [10,913k in 2Q26], and Fixed Wireless Access [6,208k in 2Q26], totaling 17,121k broadband connections) and updated segment revenue disaggregation (Mobility and broadband service, Wireless equipment, and Other). Pre-2026 segment subscriber & Fios/FWA series are preserved with full historical continuity through FY2025Q4.
  • In Q2 2026, Verizon classified its international wireline connectivity and managed network services business within Verizon Business Group as held for sale and retrospectively revised Business segment cost, Operating Income, and Segment EBITDA for FY2025Q1–FY2026Q2.
  • Monthly Device Payment Plan (DPP) ABS securitization metrics (64 consecutive months from June 2021 through September 2026, covering 34.26M active contracts and $23.28B principal balance) are extracted from SEC Form 10-D Exhibit 99.1 Monthly Distribution Reports filed by Verizon Master Trust (CIK 0001844964).
  • Standalone historical operational & financial series for acquired subsidiary Frontier Communications Parent, Inc. (FYBR, CIK 0000020520) are extracted from Frontier's self-reported Form 10-K (FY2021–FY2024) and Form 10-Q (1Q24–3Q25) filings prior to the January 20, 2026 acquisition close.
  • Consolidated − Standalone Parent subtraction is not applicable: Verizon Communications Inc. (parent) is a holding company without standalone operating activities or parent-only quarterly financial statements under US GAAP.
  • All numbers are as published by Verizon, Verizon Master Trust, Frontier Communications, EY Assurance Reports, U.S. EEOC, SEC EDGAR, or the U.S. Bureau of Labor Statistics (FRED). The only calculated cells are Q4 = full year − nine months and cash flow statement quarterly splits from cumulative YTD figures (displayed in italics with the derivation formula).

Data updated 2026-10-25.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

1. Consolidated Mobility & Broadband Connections & Net Additions

2. Wireless Account Statistics, ARPA / ARPU, Churn & Upgrade Rates

3. Segment Financial Performance: Verizon Consumer Group vs. Verizon Business Group

4. Consolidated Financial Context, Non-GAAP EBITDA, Cash Flows, Debt & Leverage

5. Monthly Device Payment Plan (DPP) ABS Securitization Pool (Verizon Master Trust Form 10-D, 2021-06..2026-09)

6. Acquired Subsidiary Standalone Operations: Frontier Communications Parent, Inc. (FYBR, CIK 0000020520)

7. SEC 10-K / 10-Q Footnotes: RPO, Contract Balances, DPP Receivables, PP&E Breakdown & Commitments

8. Network Data Traffic, Energy & GHG Emissions (EY Assured), Workforce (EEO-1) & Telecom Industry Benchmarks