VZ · 10-Q · 2026Q2

VERIZON COMMUNICATIONS INC

Filed 2026-07-31 · Other · View original filing on EDGAR

Ranked Events

• U.S. Tax Law ChangesImportance 65 · Surprise 60
  Verizon reported that operating cash flow increased $1.7 billion during the six months ended June 30, 2026, primarily because of the timing of cash tax payments resulting from the One Big Beautiful Bill legislation.…
• Interest Expense IncreaseImportance 65 · Surprise 48
  Average debt outstanding increased to $170.098 billion in the second quarter of 2026 from $144.695 billion in the comparable 2025 period. Total interest costs on debt balances increased 16.7% to $2.136 billion in the…
• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  Verizon completed its January 20, 2026 acquisition of Frontier for approximately $9.8 billion in cash, inclusive of $335 million of cash acquired, and assumed approximately $12.9 billion of Frontier debt at fair value.…
• Debt and Liquidity PositionImportance 61 · Surprise 32
  Total debt increased to $165.2 billion at June 30, 2026 from $158.2 billion at December 31, 2025, including $136.5 billion of unsecured debt and $28.8 billion of secured debt. Six-month financing cash outflows included…
• Wireless Equipment DemandImportance 61 · Surprise 66
  Consumer wireless equipment revenue declined 22.2% in the second quarter and 9.1% in the first six months of 2026. The reductions were driven primarily by a strategic decrease in device upgrades, which lowered wireless…
• BT Group PartnershipImportance 53 · Surprise 60
  On June 28, 2026, Verizon entered into an agreement with BT and NewCo under which Verizon and BT will each own 50% of NewCo. Verizon will contribute subsidiaries comprising the Verizon Contributed Business and pay $625…
• Broadband Demand TrendsImportance 52 · Surprise 56
  Verizon’s fiber broadband connections increased 43.3% year over year to 10.913 million at June 30, 2026, while FWA broadband connections increased 21.4% to 6.208 million. Total broadband connections rose 34.5% to…
• Income Tax Rate ChangesImportance 47 · Surprise 40
  The second-quarter provision for income taxes decreased $163 million, or 11.0%, to $1.325 billion, while the six-month provision decreased $15 million to $2.963 billion. Verizon’s effective income tax rate increased to…
• Headcount / RestructuringImportance 44 · Surprise 42
  Verizon recorded $397 million of pre-tax severance charges in the first six months of 2026, principally for employee separations under workforce reduction initiatives. Workforce reduction initiatives reduced personnel…
• Capital Return ProgramImportance 40 · Surprise 42
  Verizon’s Board authorized a $25 billion share repurchase program on January 30, 2026, with repurchases permitted through open-market, privately negotiated and Rule 10b5-1 or Rule 10b-18 transactions. During the six…
• Tax Audit ExposureImportance 37 · Surprise 32
  Verizon reported $2.5 billion of unrecognized tax benefits at June 30, 2026, down from $2.6 billion at December 31, 2025. After-tax interest and penalties related to these benefits were $705 million, compared with $751…
• Satellite Connectivity Joint VentureImportance 37 · Surprise 42
  On May 14, 2026, Verizon agreed in principle with AT&T Inc. and T-Mobile US, Inc. to form a joint venture targeting wireless dead zones in the United States, including rural areas. The proposed venture would pool…
• Business Segment DemandImportance 31 · Surprise 32
  Verizon Business serves businesses, public-sector customers, wireless and wireline carriers across the U.S., and selected international customers. Business operating revenue increased 2.6% in the second quarter and…
• Revenue Performance and MixImportance 31 · Surprise 32
  Consolidated operating revenue increased 1.0% year over year to $68.693 billion for the six months ended June 30, 2026, while second-quarter revenue decreased 0.7% to $34.253 billion. Consumer revenue declined 1.5% in…
• Capital Expenditure ProgramImportance 30 · Surprise 14
  Verizon expects capital spending requirements to continue to be financed primarily through internally generated funds, with debt or equity financing potentially needed for additional investments or development…
• Consumer Customer TrendsImportance 25 · Surprise 32
  Consumer wireless retail connections increased 0.6% year over year to 146.953 million, while postpaid phone connections rose 1.0% to 94.098 million. Core prepaid connections grew 1.8% to 19.351 million, supported by…
• Operating Expense TrendsImportance 25 · Surprise 32
  Total operating expenses decreased $85 million, or 1.4%, in the second quarter of 2026 and $167 million, or 1.3%, in the first six months, to $6.164 billion and $12.338 billion, respectively. Selling, general and…
• Network Infrastructure InvestmentImportance 24 · Surprise 14
  Verizon's network investments are directed toward improving operating efficiency and productivity, maintaining existing infrastructure, introducing new products and services, and responding to competitive challenges.…
• Interest Rate EnvironmentImportance 19 · Surprise 6
  Verizon had $165.2 billion of total debt at June 30, 2026, including $136.5 billion of unsecured debt and $28.8 billion of secured debt. Approximately 76% of the debt portfolio was fixed-rate, while a 100-basis-point…
• FX / Currency ImpactImportance 10 · Surprise 6
  Verizon’s primary foreign-currency translation exposures at June 30, 2026 were the British Pound Sterling, Euro, Australian Dollar and Swedish Krona. The company uses cross-currency swaps to convert British Pound…

Revenue by Product (in millions)