VZ · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

VERIZON COMMUNICATIONS INC · 2026-10-29 · Importance 31 · Surprise 32 · No source text

Consolidated operating revenue rose 1.5% to $34.313 billion in the third quarter of 2026 and 1.2% to $103.006 billion for the first nine months, compared with the same periods in 2025. Consumer revenue increased 1.3% to $26.432 billion for the quarter and 1.0% to $79.127 billion for nine months; Business revenue increased 2.6% to $7.023 billion and 2.4% to $21.308 billion, respectively. Consumer mobility and broadband service revenue grew 3.6% in the quarter, including $700 million of additional fiber broadband revenue primarily from Frontier, while wireless equipment revenue fell 10.3% as device upgrades declined 22%. Business revenue growth reflected Other revenue increases of 10.0% for the quarter and 8.8% for nine months, while its mobility and broadband service revenue declined 0.8% and 0.6%, respectively.

Key facts

• Verizon's Consumer operating revenues were $26.4 billion for the three months and $79.1 billion for the nine months ended September 30, 2026, up 1.3% and 1.0%, respectively, from the corresponding 2025 periods. source
• Verizon's consolidated operating revenues increased 1.5% to $34.313 billion for the three months ended September 30, 2026 and 1.2% to $103.006 billion for the nine months ended September 30, 2026, primarily due to revenue increases in Consumer and Business. source
• Verizon's Business operating revenues were $7.0 billion for the three months and $21.3 billion for the nine months ended September 30, 2026, up 2.6% and 2.4%, respectively, from the corresponding 2025 periods. source
• Verizon's Consumer fiber broadband revenue increased by $1.9 billion in the nine months ended September 30, 2026, primarily due to the inclusion of Frontier results. source
• Verizon's Consumer fiber broadband revenue increased by $700 million in the three months ended September 30, 2026, primarily due to the inclusion of Frontier results. source
• Verizon's Consumer legacy wireline revenue increased by $139 million in the three months and $412 million in the nine months ended September 30, 2026, related to the inclusion of Frontier results. source
• Other revenue increased by $272 million in the three months and $766 million in the nine months ended September 30, 2026, primarily from legacy wireline revenue that included Frontier results. source
• In the first quarter of 2026, Verizon began reporting Consumer and Business revenue by Mobility and broadband service revenue, Wireless equipment revenue, and Other revenue. source

Impact estimates