VZ · 10-Q · 2026Q3

VERIZON COMMUNICATIONS INC

Filed 2026-10-29 · Other · View original filing on EDGAR

Ranked Events

• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  Verizon completed its Frontier acquisition on January 20, 2026, paying approximately $9.8 billion in cash, inclusive of $335 million of cash acquired, and assuming approximately $12.9 billion of Frontier debt at fair…
• Debt and Liquidity PositionImportance 61 · Surprise 32
  At September 30, 2026, Verizon had total debt of $166.2 billion, comprising $136.1 billion of unsecured debt and $30.1 billion of secured debt, compared with $158.2 billion at December 31, 2025. Cash and cash…
• Interest Expense IncreaseImportance 60 · Surprise 40
  Interest expense increased 17.2% to $1.950 billion in the third quarter of 2026 and 19.0% to $5.875 billion for the first nine months compared with 2025. Total interest costs on debt balances rose 13.6% to $2.097…
• Wireless Equipment RevenueImportance 60 · Surprise 40
  Consumer wireless equipment revenue declined 10.3% to $4.277 billion in the third quarter of 2026 and 9.5% to $13.279 billion for the first nine months. The declines were primarily driven by lower device sales volume…
• Capital Return ProgramImportance 58 · Surprise 42
  Verizon’s board authorized a common-stock repurchase program of up to $25 billion on January 30, 2026; $21.0 billion of capacity remained at September 30. Verizon repurchased 82,430,902 shares for $4.0 billion during…
• Consumer Subscriber TrendsImportance 58 · Surprise 56
  Verizon’s Consumer segment had 147.1 million wireless retail connections at September 30, 2026, up 0.7% year over year, including 126.8 million postpaid connections, also up 0.7%. Broadband connections grew…
• Operating Margin DriversImportance 55 · Surprise 32
  Consumer segment operating income increased 5.6% to $8.093 billion in the third quarter of 2026 and 4.9% to $23.839 billion for the first nine months. Consumer operating income margin rose to 30.6% from 29.4% for the…
• Capital Expenditure ProgramImportance 53 · Surprise 6
  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…
• Capital Expenditures and Cash FlowImportance 49 · Surprise 32
  Net cash provided by operating activities increased $1.913 billion to $29.936 billion in the first nine months of 2026, primarily because of the timing of cash tax payments following the One Big Beautiful Bill…
• Spectrum License AcquisitionImportance 46 · Surprise 42
  Verizon paid $3.2 billion during the first nine months of 2026 for 82 AWS-3 spectrum licenses won in FCC Auction 113, which concluded in June and whose licenses were granted in August. Verizon also paid $1.0 billion…
• Operating Expense TrendsImportance 36 · Surprise 14
  Consolidated operating expenses were $25.663 billion in the third quarter of 2026, down 0.2%, and $78.935 billion for the first nine months, up 1.8% from 2025. Depreciation and amortization expense increased 10.3% to…
• Network Technology and CapacityImportance 31 · Surprise 24
  Verizon describes its network strategy as combining 5G wireless, fiber-based transport, cloud infrastructure, AI and automation, private networks, and IP routing. Its spectrum portfolio includes C-Band and…
• Business Segment DemandImportance 31 · Surprise 32
  Verizon’s Business segment serves businesses, public sector customers, and wireless and wireline carriers across the U.S., with selected offerings also provided to customers around the world. Business mobility and…
• Revenue Performance and MixImportance 31 · Surprise 32
  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%…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The effective income tax rate decreased to 22.0% in the third quarter of 2026 from 22.5% in the comparable 2025 quarter, while the tax provision increased 1.8% to $1.497 billion. Verizon attributed the quarterly rate…

Revenue by Product (in millions)