VZ · Earnings call · 2026Q3T · Full report
Capital Return Program
VERIZON COMMUNICATIONS INC · 2026-10-26 · Importance 70 · Surprise 56 · No source text
Verizon returned $12.8 billion to shareholders year to date, up 49% year over year, including $8.8 billion of dividends and $4 billion of share repurchases. The company continued to expect up to $4.5 billion of share repurchases for full-year 2026 and reiterated its commitment to dividend growth. Management described business investment as its first capital-allocation priority and also cited debt reduction and shareholder returns as priorities.
Key facts
- Verizon expects to repurchase up to $4.5 billion of shares for full-year 2026.
- Year to date, Verizon returned $12.8 billion to shareholders, up 49% year over year, including $8.8 billion of dividends and $4 billion of share repurchases.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -3.1% | Year to date, Verizon returned $12.8 billion to shareholders, up 49% year over year, including $8.8 billion of dividends and $4 billion of… |
| cash | negative | committed | -0.1% | Verizon expects to repurchase up to $4.5 billion of shares for full-year 2026. |