VZ · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

VERIZON COMMUNICATIONS INC · 2026-10-29 · Importance 53 · Surprise 6 · No source text

Verizon invested $11.9 billion in capital expenditures during the nine months ended September 30, 2026. The company said these investments primarily support fiber deployment, wireless spectrum acquisition and deployment, network capacity and maintenance, and advanced information technology and data systems. Capital expenditures are expected to be between $16.0 billion and $16.5 billion; the filing excerpt does not identify the period for this range.

Key facts

• Verizon expects capital expenditures to be between $16.0 billion and $16.5 billion. source
• Capital expenditures, including capitalized software, were $11.9 billion for the nine months ended September 30, 2026, compared with $12.3 billion in 2025. source
• Verizon invested $11.9 billion in capital expenditures during the nine months ended September 30, 2026. source
• Verizon expects capital spending requirements to continue to be financed primarily through internally generated funds; debt or equity financing may be needed for additional investments or development or to maintain financial flexibility. source
• Capital expenditures decreased $337 million in the nine months ended September 30, 2026, primarily due to efficiencies in broadband, wireless and core network infrastructure investments. source
• Verizon's capital investment strategy includes deploying fiber, acquiring and putting wireless spectrum into service, adding network capacity, maintaining and evolving networks, and developing and maintaining information technology and data systems. source

Impact estimates