VerizonVZEarnings & Financial Report
Verizon Communications Inc., is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146.1 million subscribers as of June 30, 2025.
VZ Q1 FY2026 Key Financial Metrics
Revenue
$34.4B
Gross Profit
N/A
Operating Profit
$8.2B
Net Profit
$5.1B
Gross Margin
N/A
Operating Margin
23.9%
Net Margin
14.9%
YoY Growth
2.9%
EPS
$1.20
Verizon Q1 FY2026 Financial Summary
Verizon reported revenue of $34.4B (up 2.9% YoY) for Q1 FY2026, with a net profit of $5.1B (up 3.4% YoY) (14.9% margin).
Key Financial Metrics
| Total Revenue | $34.4B |
|---|---|
| Net Profit | $5.1B |
| Gross Margin | N/A |
| Operating Margin | 23.9% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Verizon Q1 FY2026 revenue of $34.4B breaks down across 2 segments, led by Service revenues and other at $28.8B (83.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Service revenues and other | $28.8B | 83.5% |
| Wireless equipment revenues | $5.7B | 16.5% |
Verizon Annual Revenue by Year
Verizon annual revenue history includes year-by-year totals (for example, 2025 revenue was $138.2B).
Verizon Quarterly Revenue & Net Profit History
Verizon results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $34.4B | +2.9% | $5.1B | 14.9% |
| Q4 FY2025 | $36.4B | +2.0% | $2.3B | 6.4% |
| Q3 FY2025 | $33.8B | +1.5% | $5.0B | 14.6% |
| Q2 FY2025 | $34.5B | +5.2% | $5.0B | 14.5% |
| Q1 FY2025 | $33.5B | +1.5% | $4.9B | 14.6% |
| Q4 FY2024 | $35.7B | +1.6% | $5.0B | 14.0% |
| Q3 FY2024 | $33.3B | -0.0% | $3.3B | 9.9% |
| Q2 FY2024 | $32.8B | +0.6% | $4.6B | 14.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.80B | $33.33B | $35.68B | $33.48B | $34.50B | $33.82B | $36.38B | $34.44B |
| YoY Growth | 0.6% | -0.0% | 1.6% | 1.5% | 5.2% | 1.5% | 2.0% | 2.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $379.15B | $381.16B | $384.71B | $380.36B | $383.29B | $388.33B | $404.26B | $417.88B |
| Liabilities | $281.61B | $283.50B | $284.14B | $278.33B | $278.92B | $281.99B | $298.52B | $313.26B |
| Equity | $97.54B | $97.67B | $100.58B | $102.04B | $104.36B | $106.34B | $105.74B | $104.62B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $9.48B | $9.91B | $10.43B | $7.78B | $8.97B | $11.27B | $9.11B | $7.98B |