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Verizon

VZ · Communication Services

Last earnings Oct 26, 2026

Key results

EPSquarter

$1.17

Page 1 VlpHU09DSUQyMDE5UTE VZQTR20FIN 3Q 2025 Highlights Consolidated Earnings per share (EPS) of $1.17 in third-quarter 2025 compared to EPS of $0.78 in third-quarter 2024 adjusted EPS 2 , excluding special items, of $1.21 compared to $1.19 in third-quarter 2024.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Revenuequarter

$33.8 billion

Total operating revenue of $33.8 billion in third-quarter 2025, up 1.5 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Growthquarter

up 1.5 percent

Total operating revenue of $33.8 billion in third-quarter 2025, up 1.5 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Consolidated net incomequarter

$5.1 billion

Consolidated net income for third-quarter 2025 was $5.1 billion compared to $3.4 billion in third-quarter 2024.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Wireless service revenue 1 in third-quarter 2025 was an industry-leading $21.0 billion, up 2.1 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Wireless equipment revenue of $5.6 billion in third-quarter 2025, up 5.2 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Total Verizon Consumer revenuequarter

$26.1 billion

Verizon Consumer Total Verizon Consumer revenue was $26.1 billion in third-quarter 2025, an increase of 2.9 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Consumer wireless service revenue in third-quarter 2025 was $17.4 billion, up 2.4 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Consumer wireless postpaid average revenue per account (ARPA) of $147.91 in third-quarter 2025, an increase of 2.0 percent year-over-year.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

AI analysis

Q3 2025 · reported Oct 29, 2025

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q3 2025
$33.8B
EX-99 · Oct 29, 2025
EPS · Q3 2025
$1.17
EX-99 · Oct 29, 2025
Consolidated net income · Q3 2025
$5.1B
EX-99 · Oct 29, 2025
Growth · Q3 2025
up 1.5 percent
EX-99 · Oct 29, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Oct 29, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ3 2025Prior qtrYear ago
EPS$1.17——
Revenue$33.8 billion——
Growthup 1.5 percent——
Consolidated net income$5.1 billion——
Total Verizon Consumer revenue$26.1 billion——

EX-99 · Oct 29, 2025

Guidance · company-stated

Direction: Raised

Revenue$21.0 billion

“com Verizon Reports 3Q 2025 Earnings Reiterates Full-Year Financial Guidance Verizon CEO Outlines New Vision 3Q 2025 Key Results Grew wireless service revenue 1 to $21.0 billion Over 18 percent of the company's Consumer postpaid phone customers have a converged offering Raised the dividend for the 19th consecutive year NEW YORK - Verizon Communications Inc.”

Midpoint vs latest-quarter revenue-37.9%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Revenue$21.0B
Capex$17.5B

com Verizon Reports 3Q 2025 Earnings Reiterates Full-Year Financial Guidance Verizon CEO Outlines New Vision 3Q 2025 Key Results Grew wireless service revenue 1 to $21.0 billion Over 18 percent of the company's Consumer postpaid phone customers have a converged offering Raised the dividend for the 19th consecutive year NEW YORK - Verizon Communications Inc.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue -37.9% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

On this morning's third quarter earnings call, Schulman will provide his vision to return Verizon to growth

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “com Verizon Reports 3Q 2025 Earnings Reiterates Full-Year Financial Guidance Verizon CEO Outlines New Vision 3Q 2025 Key Results Grew wireless service revenue 1 to $21.0 billion Over 18 percent of the company's Consumer postpaid phone customers have a converged offering Raised the dividend for the 19th consecutive year NEW YORK - Verizon Communications Inc.”

Revenue — Raised (“Raised”)
“com Verizon Reports 3Q 2025 Earnings Reiterates Full-Year Financial Guidance Verizon CEO Outlines New Vision 3Q 2025 Key Results Grew wireless service revenue 1 to $21.0 billion Over 18 percent of the company's Consumer postpaid phone customers have a converged offering Raised the dividend for the 19th consecutive year NEW YORK - Verizon Communications Inc.”

Classified from the release's primary full-year outlook statement.

Capital allocation

com Verizon Reports 3Q 2025 Earnings Reiterates Full-Year Financial Guidance Verizon CEO Outlines New Vision 3Q 2025 Key Results Grew wireless service revenue 1 to $21.0 billion Over 18 percent of the company's Consumer postpaid phone customers have a converged offering Raised the dividend for the 19th consecutive year NEW YORK - Verizon Communications Inc.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Verizon's total unsecured debt as of the end of third-quarter 2025 was $119.7 billion, compared to $126.4 billion at the end of third-quarter 2024.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

The company's net unsecured debt 2 at the end of third-quarter 2025 was $112.0 billion.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

At the end of third-quarter 2025, Verizon's ratio of unsecured debt to consolidated net income (LTM) was 5.9 times and its net unsecured debt to consolidated adjusted EBITDA ratio 2 was 2.2 times.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In addition, Verizon remains on track to meet its investment goals for 2025 and expects capital expenditures to be within or below the previously guided range of $17.5 billion to $18.5 billion.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Risks & headwinds

These statements are based on our estimates and assumptions and are subject to risks and uncertainties.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

SEC original ↗Verizon — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Documents

Earnings deck slides

1 deck with slide view

Verizon — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Verizon — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Verizon — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Verizon — Presentation (2026 Q2) — Slide view unavailable — the original PDF could not be retrieved for segmentation (not a PDF (first bytes b'<!DOCTYPE html><html')).

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

T-Mobile US (TMUS) Communication ServicesSea Limited (SE) Communication ServicesRoblox (RBLX) Communication ServicesBaidu (BIDU) Communication ServicesAT&T (T) Communication ServicesSpotify Technology (SPOT) Communication ServicesComcast (CMCSA) Communication ServicesNetEase (NTES) Communication Services

Filings

64 documents

Earnings releases

15 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for Verizon are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Verizon by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.