Verizon
Connects consumers and businesses through wireless, fiber, and fixed wireless broadband.
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Profile
Sells recurring wireless and broadband connectivity to consumers, businesses, governments, and carriers through Verizon Consumer Group and Verizon Business Group. Postpaid wireless anchors the model, while Frontier-expanded fiber and fixed wireless access extend home and business broadband across the United States.
Provides wireless service, devices, and home internet through Verizon Consumer Group, spanning postpaid and prepaid plans, Fios and Frontier fiber, and fixed wireless access. The Frontier acquisition extended the fiber footprint to 31 states and Washington, D.C., widening the base for bundled mobile and home connectivity.
Serves businesses, governments, carriers, and wholesale partners through Verizon Business Group, with mobility, broadband, IoT, security, managed networking, and fleet-management offerings. Operations are concentrated in the United States, while the international enterprise wireline arm is planned to enter an equally owned venture with BT after regulatory approval. The network requires sustained capital investment and depends on licensed spectrum and federal, state, and local telecommunications regulation.
Company facts
Categories
Key statistics
Year to date +23.6% · Average volume (30d) 21.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Morgan Stanley | Reiterate | Equal Weight | $50 | $52 | |
| Jul 27, 2026 | RBC Capital | Reiterate | Sector Perform | $45 | $47 | |
| Jul 27, 2026 | Scotiabank | Reiterate | Sector Outperform | $51.50 | $52.50 | |
| Jul 27, 2026 | Barclays | Reiterate | Equal Weight | $45 | $46 | |
| Jul 27, 2026 | Wells Fargo | Reiterate | Equal Weight | $43 | $47 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q2 FY26 | $1.27 | $1.30 | +2.4% | $35.16B | $34.25B | −2.6% | +2.03% |
| Apr 27, 2026Q1 FY26 | $1.21 | $1.28 | +5.8% | $34.82B | $34.40B | −1.2% | +0.32% |
| Jan 30, 2026Q4 FY25 | $1.05 | $1.09 | +3.8% | $36.09B | $36.40B | +0.9% | +0.20% |
| Oct 29, 2025Q3 FY25 | $1.19 | $1.21 | +1.7% | $34.26B | $33.80B | −1.3% | −3.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $33.49B | $34.50B | $33.82B | $36.38B | $34.44B | $34.25B | |
| Gross profit | $15.85B | $15.98B | $15.86B | $29.28B | $20.77B | $16.16B | |
| Operating income | $7.98B | $8.17B | $8.11B | $5.00B | $8.24B | $7.18B | |
| Net income | $4.88B | $5.00B | $4.95B | $2.34B | $5.05B | $3.84B | |
| Diluted EPS | $1.15 | $1.18 | $1.17 | $0.55 | $1.20 | $0.92 | |
| Gross margin | 47.3% | 46.3% | 46.9% | 80.5% | 60.3% | 47.2% | |
| Operating margin | 23.8% | 23.7% | 24.0% | 13.8% | 23.9% | 21.0% |
Fiscal years (4-quarter sums)FY21 $133.61B · FY22 $136.84B · FY23 $133.97B · FY24 $134.79B · FY25 $138.19B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.75B · Total debt $188.46B · Total assets $410.19B · Shareholders' equity $103.92B
Dividends
Raised for 41 straight years — most recently to $0.7075 from $0.69 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 10, 2026 | Jul 10 | Aug 3 | $0.7075 | |
| Apr 10, 2026 | Apr 10 | May 1 | $0.7075 | raised from $0.69 |
| Jan 12, 2026 | Jan 12 | Feb 2 | $0.69 | |
| Oct 10, 2025 | Oct 10 | Nov 3 | $0.69 | raised from $0.6775 |
| Jul 10, 2025 | Jul 10 | Aug 1 | $0.6775 | |
| Apr 10, 2025 | Apr 10 | May 1 | $0.6775 | |
| Jan 10, 2025 | Jan 10 | Feb 3 | $0.6775 | |
| Oct 10, 2024 | Oct 10 | Nov 1 | $0.6775 | raised from $0.665 |
Ownership
Shares outstanding 4.18B · Float 4.17B · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 398.22M | 9.54% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 259.00M | 6.20% | 13F | Aug 13, 2026 |
| State Street Corp | 209.68M | 5.02% | 13F | Aug 7, 2026 |
| Sixth Street Partners Management Company, L.P. | 127.77M | 3.06% | 13F | Aug 14, 2026 |
| Charles Schwab Investment Management Inc | 127.77M | 3.06% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Kyle Malady | officer: EVP and Group CEO-VZ Business | −1,100 | $50.06 |
| Aug 18, 2026 | Kyle Malady | officer: EVP and Group CEO-VZ Business | −1,100 | $48.68 |
| May 29, 2026 | Samantha Hammock | officer: EVP & Chief HR Officer | −73,069 | $47.83 |
| Mar 2, 2026 | Mary-Lee Stillwell | officer: SVP and Controller | −8,569 | $50.00 |
| Feb 24, 2026 | Hans Erik Vestberg | director | −212,500 | $49.61 |
Peers
- T-Mobile
Fastest-growing wireless carrier; dominant FWA provider displacing Verizon.
- AT&T
Head-to-head in postpaid wireless, 5G, enterprise, and fiber broadband.
- Comcast
Largest U.S. cable broadband operator; wireless MVNO undercutting Verizon.
- Charter Communications
Second-largest U.S. cable broadband operator; Spectrum Mobile MVNO challenger.
- Lumen Technologies
Enterprise fiber backbone and managed network services rival to Verizon.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Verizon | $49.91 | −0.34% | $209.20B | 13.0 | 9.8 | 1.5 | −0.7% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| AT&T | $25.98 | −0.08% | $178.16B | 8.6 | 10.7 | 1.4 | +2.3% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| Lumen Technologies | $6.10 | +0.91% | $6.22B | — | — | 0.5 | −9.3% |
| Median | 8.7 | 9.2 | 0.8 | −1.2% |