Verizon Communications financials
$46.68−0.85%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.25B | $34.44B | $36.38B | $33.82B | $34.50B | $33.48B | $35.68B | $33.33B | $32.80B | $32.98B | $35.13B | $33.34B |
| Gross profit | $21.17B | $20.77B | $19.90B | $20.48B | $20.62B | $20.43B | $20.17B | $20.09B | $20.32B | $20.11B | $19.95B | $19.90B |
| Gross margin | 61.8% | 60.3% | 54.7% | 60.5% | 59.8% | 61.0% | 56.5% | 60.3% | 62.0% | 61.0% | 56.8% | 59.7% |
| Operating income | $7.18B | $8.24B | $5.00B | $8.11B | $8.17B | $7.98B | $7.42B | $5.93B | $7.82B | $7.52B | $600.0M | $7.47B |
| Net income | $3.83B | $5.04B | $2.34B | $4.95B | $5.00B | $4.88B | $5.00B | $3.31B | $4.59B | $4.60B | -$2.71B | $4.76B |
| Net margin | 11.2% | 14.6% | 6.4% | 14.6% | 14.5% | 14.6% | 14.0% | 9.9% | 14.0% | 14.0% | −7.7% | 14.3% |
| Diluted EPS | $0.92 | $1.20 | $0.55 | $1.17 | $1.18 | $1.15 | $1.18 | $0.78 | $1.09 | $1.09 | $-0.64 | $1.13 |
| EBITDA | $12.19B | $13.13B | $9.52B | $12.72B | $12.81B | $12.55B | $11.93B | $10.38B | $12.30B | $11.97B | $6.44B | $11.90B |
| Operating cash flow | $10.44B | $7.98B | $9.11B | $11.27B | $8.97B | $7.78B | $10.43B | $9.91B | $9.48B | $7.08B | $8.68B | $10.78B |
| Free cash flow | $6.43B | $3.78B | $4.37B | $6.96B | $5.17B | $3.64B | $5.36B | $5.96B | $5.79B | $2.71B | $4.07B | $6.68B |
| Diluted shares | 4,171.0M | 4,210.0M | 4,237.0M | 4,233.0M | 4,228.0M | 4,226.0M | 4,227.0M | 4,225.0M | 4,221.0M | 4,219.0M | 4,220.0M | 4,216.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.75B | $8.37B | $19.05B | $7.71B | $3.44B | $2.26B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $165.23B | $172.46B | $158.15B | $146.78B | $146.00B | $143.65B |
| Total assets | $410.19B | $417.88B | $404.26B | $388.33B | $383.29B | $380.36B |
| Total liabilities | $304.99B | $313.26B | $298.52B | $281.99B | $278.92B | $278.33B |
| Shareholders' equity | $105.20B | $104.62B | $105.74B | $106.34B | $104.36B | $102.04B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology