VZ · 8-K · 20260724PR000040
Cash Flow and Capital Allocation
VERIZON COMMUNICATIONS INC · 2026-07-24 · Importance 65 · Surprise 48 · No source text
First-half operating cash flow increased 9.9% to $18.419 billion, while free cash flow increased 16.0% to $10.209 billion. Second-quarter operating cash flow rose 16.3% to $10.435 billion and quarterly free cash flow rose 24.4% to $6.426 billion. Verizon returned $9.4 billion of total capital to shareholders in the first half and repurchased $3.5 billion of common stock year to date. The company completed $1.0 billion of repurchases in the second quarter and raised its full-year buyback target to up to $4.5 billion.
Key facts
- Verizon revised its Free Cash Flow forecast for full year 2026 to $21,940 - $22,140 million and Net Cash Provided by Operating Activities forecast to $37,940 - $38,640 million. source
- In second-quarter 2026, cash from operations was $10.4 billion, up 16.3 percent year-over-year, and free cash flow was $6.4 billion, up 24.4 percent year-over-year. source
- Net cash used in investing activities was $(18,500) million for the six months ended June 30, 2026 compared to $(7,190) million for the six months ended June 30, 2025. source
- Net cash used in financing activities was $(17,114) million for the six months ended June 30, 2026 compared to $(10,271) million for the six months ended June 30, 2025. source
- Cash flow from operations was $18.4 billion for the first-half of 2026 compared to $16.8 billion for the first-half of 2025, representing a growth rate of 9.9 percent. source
- Free cash flow was $10.2 billion for the first-half of 2026 compared to $8.8 billion for the first-half of 2025, representing a growth rate of 16.0 percent. source
- Net cash provided by operating activities was $18,419 million for the six months ended June 30, 2026, an increase of $1,662 million compared to the six months ended June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | Verizon revised its Free Cash Flow forecast for full year 2026 to $21,940 - $22,140 million and Net Cash Provided by Operating Activities… |
| cash | positive | committed | — | Verizon revised its Free Cash Flow forecast for full year 2026 to $21,940 - $22,140 million and Net Cash Provided by Operating Activities… |
| cash | positive | realized | — | In second-quarter 2026, cash from operations was $10.4 billion, up 16.3 percent year-over-year, and free cash flow was $6.4 billion, up… |
| cash | positive | realized | — | In second-quarter 2026, cash from operations was $10.4 billion, up 16.3 percent year-over-year, and free cash flow was $6.4 billion, up… |
| cash | negative | realized | — | Net cash used in investing activities was $(18,500) million for the six months ended June 30, 2026 compared to $(7,190) million for the… |
| cash | negative | realized | — | Net cash used in financing activities was $(17,114) million for the six months ended June 30, 2026 compared to $(10,271) million for the… |
| cash | positive | realized | — | Free cash flow was $10.2 billion for the first-half of 2026 compared to $8.8 billion for the first-half of 2025, representing a growth… |
| cash | positive | realized | — | Net cash provided by operating activities was $18,419 million for the six months ended June 30, 2026, an increase of $1,662 million… |