Earnings summaries and quarterly performance for VERIZON COMMUNICATIONS.
Executive leadership at VERIZON COMMUNICATIONS.
Daniel Schulman
Detailed
Chief Executive Officer
CEO
AS
Anthony Skiadas
Executive Vice President and Chief Financial Officer
KM
Kyle Malady
Executive Vice President and Group CEO – Verizon Business
SS
Sowmyanarayan Sampath
Executive Vice President and Group CEO – Verizon Consumer
VV
Vandana Venkatesh
Executive Vice President – Public Policy and Chief Legal Officer
Board of directors at VERIZON COMMUNICATIONS.
CT
Carol Tomé
Detailed
Director
CL
Caroline Litchfield
Detailed
Director
CO
Clarence Otis, Jr.
Detailed
Director
HV
Hans Vestberg
Detailed
Director
JM
Jennifer Mann
Detailed
Director
LN
Laxman Narasimhan
Detailed
Director
MB
Mark Bertolini
Detailed
Chairman of the Board
RA
Roxanne Austin
Detailed
Director
SA
Shellye Archambeau
Detailed
Director
VC
Vittorio Colao
Detailed
Director
Research analysts who have asked questions during VERIZON COMMUNICATIONS earnings calls.
Benjamin Swinburne
Morgan Stanley
9 questions for VZ
Also covers: AMT, BATRA, CCI +23 more
JH
John Hodulik
UBS Group AG
8 questions for VZ
Also covers: AMCX, CHTR, CMCSA +7 more
MR
Michael Rollins
Citigroup
7 questions for VZ
Also covers: AMT, ATUS, CCI +17 more
SP
Sebastiano Petti
JPMorgan Chase & Co.
6 questions for VZ
Also covers: ATUS, BCE, CABO +14 more
MN
Michael Ng
Goldman Sachs
5 questions for VZ
Also covers: AAPL, ANET, AXON +22 more
JS
James Schneider
Goldman Sachs
4 questions for VZ
Also covers: ACN, AMAT, AMKR +27 more
Peter Supino
Wolfe Research
4 questions for VZ
Also covers: CHTR, DIS, FWONK +12 more
KV
Kannan Venkateshwar
Barclays PLC
3 questions for VZ
Also covers: DIS, NYT, SPOT +5 more
MF
Michael Funk
Bank of America
3 questions for VZ
Also covers: ADSK, AMT, ASAN +23 more
Samuel McHugh
BNP Paribas
3 questions for VZ
Also covers: ATUS, CABO, FYBR +4 more
BK
Bryan Kraft
Deutsche Bank AG
2 questions for VZ
Also covers: ASTS, ATUS, CHTR +8 more
Craig Moffett
MoffettNathanson
2 questions for VZ
Also covers: ATUS, CABO, CHTR +3 more
DB
David Barden
Bank of America
2 questions for VZ
Also covers: AMT, BCE, CCI +10 more
MR
Mike Rollins
Citigroup
2 questions for VZ
Also covers: CMCSA
Robert Palmisano
Raymond James
2 questions for VZ
Also covers: AKAM, ATUS, FYBR +3 more
FL
Frank Louthan
Raymond James
1 question for VZ
Also covers: AKAM, ATUS, CABO +13 more
GW
Gregory Williams
TD Cowen
1 question for VZ
Also covers: CABO, CCOI, FYBR +3 more
JH
John Hodlik
UBS
1 question for VZ
Kutgun Maral
Evercore ISI
1 question for VZ
Also covers: ATUS, CHTR, CMCSA +11 more
Timothy Horan
Oppenheimer & Co. Inc.
1 question for VZ
Also covers: AI, ASTS, BKSY +18 more
Recent press releases and 8-K filings for VZ.
Verizon announces 2026 guidance and $55 billion capital return plan
VZ
Guidance Update
Dividends
Share Buyback
- 2026 Outlook: Verizon expects improved earnings and cash flow in 2026, underpinned by cost-structure changes and strategic market initiatives to reduce its net unsecured debt/Adjusted EBITDA ratio.
- $55 B Capital Return: The company plans to return approximately $55 billion to shareholders through dividends and share repurchases by the end of 2028.
- Dividend Increase: The Board declared a quarterly dividend of $0.7075 per share, payable May 1, 2026 (record date April 10), reflecting a 2.5% annualized increase.
- Share Repurchase: Authorized a share buyback program of up to $25 billion, with at least $3 billion expected to be repurchased in 2026.
4 days ago
Verizon reports Q4 2025 results
VZ
Earnings
Guidance Update
- Total revenue was $36.4 B, up 2.0% Y/Y in Q4 2025
- Adjusted EBITDA of $11.9 B (-0.6% Y/Y, margin 32.6%) and Adjusted EPS of $1.09 (-0.9% Y/Y)
- Strong subscriber trends with 616 K retail postpaid phone net adds and 67 K Fios internet net adds in Q4 2025
- 2026 guidance: 4–5% Adjusted EPS growth to $4.90–$4.95, 2–3% Mobility and Broadband service revenue growth (~$93 B), $16.0–16.5 B capex, and ≥$21.5 B free cash flow
4 days ago
Verizon reports Q4 2025 results and issues 2026 guidance
VZ
Earnings
Guidance Update
Share Buyback
- Strong volume momentum: >1 million net adds across mobility and broadband in Q4, including 616,000 postpaid phone net adds, the highest in six years.
- Fiscal 2025 financials: Adjusted EBITDA of $50 billion (+2.5% YoY), Q4 Adjusted EBITDA $11.9 billion, Adjusted EPS $4.71 (+2.6% YoY), free cash flow $20.1 billion, and CapEx $17 billion.
- 2026 guidance: targeting 2–3% mobility and broadband service revenue growth (~$93 billion), 750,000–1 million postpaid phone net adds, Adjusted EPS $4.90–4.95, CapEx $16–16.5 billion, and free cash flow $21.5 billion+.
- Cost and capital allocation initiatives: $5 billion in-year OpEx savings, $1 billion+ run-rate Frontier synergies by 2028, a $0.07 annual dividend increase (2.5%), and a $25 billion share repurchase authorization (≥$3 billion in 2026).
4 days ago
Verizon reports Q4 and full-year 2025 results and provides 2026 guidance
VZ
Earnings
Guidance Update
Share Buyback
- Verizon delivered over 1 million mobility and broadband net adds in Q4, including 616,000 postpaid phone net adds, the highest reported quarterly net adds since 2019.
- Full-year 2025 financials: Adjusted EBITDA of $50 billion (+2.5% y/y), Adjusted EPS of $4.71 (+2.6%), and free cash flow of $20.1 billion.
- 2026 guidance: 750,000–1 million postpaid phone net adds, 2%–3% service revenue growth (≈$93 billion), Adjusted EPS of $4.90–$4.95, CapEx of $16–16.5 billion, and free cash flow of ≥$21.5 billion.
- Operational priorities include $5 billion of OpEx savings in 2026, Frontier integration synergies exceeding $1 billion by 2028, and at least 2 million new fiber passings with a medium-term target of 40–50 million.
- Capital allocation: raised dividend by $0.07 (2.5%), authorized $25 billion in share repurchases (≥$3 billion in 2026), and aims to reduce leverage to 2.0–2.25× by 2027.
4 days ago
Verizon reports Q4 2025 results
VZ
Earnings
Guidance Update
M&A
- Verizon added >1 million mobility and broadband net adds in Q4 2025, including 616 000 postpaid phone net adds, its strongest quarterly performance since 2019 and highest postpaid growth in five years.
- For FY 2025, wireless service revenue grew 2%, consolidated adjusted EBITDA reached $50 billion (up 2.5%), adjusted EPS was $4.71 (up 2.6%), cash flow from operations was $37.1 billion, CapEx totaled $17 billion, and free cash flow was $20.1 billion.
- 2026 guidance calls for 750 000–1 million postpaid phone net adds, 2–3% mobility & broadband service revenue growth (~$93 billion), flat wireless revenue, $4.90–4.95 EPS (+4–5%), $16–16.5 billion CapEx, and ≥$21.5 billion free cash flow (+~7%).
- Strategic initiatives include building an in-year war chest of $5 billion in OpEx savings, realizing $1 billion+ run-rate synergies by 2028 from the Frontier acquisition, and expanding fiber passings to 30 million with a medium-term target of 40–50 million.
4 days ago
Verizon reports Q4 2025 results and 2026 guidance
VZ
Earnings
Guidance Update
Share Buyback
- Finished 2025 with >1 million net adds across mobility and broadband, including 616 k postpaid phone, 109 k prepaid, and 372 k broadband additions in Q4, its strongest quarter in six years.
- 2025 financials: wireless service revenue rose 2%, Q4 consolidated adjusted EBITDA was $11.9 B (FY $50 B, +2.5%), adjusted EPS of $1.09 (FY $4.71, +2.6%), operating cash flow $37.1 B, CapEx $17 B, and free cash flow $20.1 B.
- Ended 2025 with net unsecured debt of $110.1 B (2.2× net leverage) and a fully funded pension, improving leverage by 0.3× year-over-year.
- 2026 guidance: targeting 750 k–1 M postpaid phone net adds, 2–3% service revenue growth (~$93 B), flat wireless revenue, adjusted EPS $4.90–4.95, CapEx $16–16.5 B, free cash flow ≥$21.5 B, and $5 B in cost savings.
- Enhanced capital returns with a $0.07 annual dividend increase payable May (20th consecutive year of hikes) and a $25 B share repurchase authorization over three years, including ≥$3 B in 2026.
4 days ago
Verizon reports best quarter since 2019 with strong subscriber and financial results
VZ
Earnings
M&A
Guidance Update
- Verizon achieved its best quarter since 2019 with 1 million total net additions in Q4—616,000 postpaid phone adds and 372,000 broadband adds (319,000 fixed wireless access; 67,000 Fios)
- The company posted Q4 operating revenue of $36.4 billion, net income of $2.4 billion, and adjusted EBITDA of $11.9 billion (32.6% margin); full-year revenue reached $138.2 billion, net income $17.6 billion, adjusted EBITDA $50.0 billion, operating cash flow $37.1 billion, and free cash flow $20.1 billion
- Completed its acquisition of Frontier on Jan. 20, 2026, expanding its fiber footprint to over 30 million locations and boosting combined fixed wireless and fiber connections to more than 16.3 million
- CEO Dan Schulman heralded the results as a turnaround, forecasting 750,000 to 1 million postpaid phone additions in 2026 and attributing gains to aggressive promotions and network upgrades
5 days ago
Verizon announces Q4 2025 results
VZ
Earnings
Guidance Update
M&A
- In Q4 2025, Verizon reported EPS of $0.55 and adjusted EPS of $1.09, on $36.4 billion of operating revenue.
- For full-year 2025, the company delivered EPS of $4.06 and adjusted EPS of $4.71 on $138.2 billion of revenue.
- Verizon added over 1 million total subscribers in Q4, including 616,000 postpaid phone net additions—the highest quarterly net adds since 2019.
- The Frontier acquisition closed on January 20, 2026, expanding Verizon’s fiber footprint to over 30 million homes and businesses.
- 2026 guidance calls for 2–3% mobility and broadband service revenue growth to ~$93 billion, adjusted EPS of $4.90–$4.95, and free cash flow ≥ $21.5 billion.
5 days ago
Verizon delivers Q4 2025 results and 2026 guidance
VZ
Earnings
Guidance Update
M&A
- Verizon reported >1 million total net additions in Q4 2025, including 616,000 postpaid phone adds—its strongest since 2019—and closed the Frontier acquisition on January 20, 2026, expanding its fiber footprint to over 30 million homes and businesses.
- In Q4 2025, Verizon achieved $0.55 EPS and $1.09 adjusted EPS, with $36.4 billion in revenue, $2.4 billion net income, and $11.9 billion adjusted EBITDA.
- For full-year 2025, the company posted $4.06 EPS, $4.71 adjusted EPS, $138.2 billion in operating revenue, and $20.1 billion in free cash flow.
- Verizon’s 2026 guidance envisions 750,000–1.0 million retail postpaid phone net adds, 2–3% service revenue growth (≈$93 billion), $4.90–4.95 adjusted EPS, and ≥$21.5 billion in free cash flow.
5 days ago
Verizon publishes Satellite-to-Cell Phone Service Market Report 2026
VZ
- The global satellite-to-cell phone service market is projected to grow from $3.87 billion in 2025 to $4.49 billion in 2026 (CAGR 16.2%) and reach $8.1 billion by 2030 at a 15.9% CAGR.
- Expansion is driven by direct satellite-to-cellphone communication for emergency messaging, disaster recovery, government contracts, and growing adoption in aviation alongside rising satellite phone sales.
- Key trends include integration of satellite capabilities into mainstream smartphones, hybrid satellite-cellular service bundles by mobile operators, deployment of low-earth-orbit constellations, and regulatory harmonization for non-terrestrial mobile networks.
- Leading players include Apple Inc., Samsung Electronics, T-Mobile US, Vodafone, Telefonica, Qualcomm, Ericsson, and SpaceX, with North America the largest market in 2025 and Asia-Pacific expected to post the fastest growth.
Jan 22, 2026, 1:59 PM
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