Q1 26 EPS
$N/A
Q1 26 Revenue
N/A
vs S&P Since Q1 26
+11.4%
BEATING MARKET
VZ +29.9% vs S&P +18.5%
Market Reaction
Did VZ Beat Earnings? Q1 2026 Results
Verizon closed out 2024 on a high note, posting Q4 revenue of $35.68 billion, up 1.6% year over year and edging past the $35.34 billion consensus estimate by roughly 0.95%, while earnings per share of $1.10 landed precisely in line with expectations.… Read more Verizon closed out 2024 on a high note, posting Q4 revenue of $35.68 billion, up 1.6% year over year and edging past the $35.34 billion consensus estimate by roughly 0.95%, while earnings per share of $1.10 landed precisely in line with expectations. The headline story, however, was subscriber momentum: the company added nearly 1 million combined postpaid mobile and broadband customers in the quarter, its best such performance in over a decade, anchored by 568,000 postpaid phone net additions that rose 26.5% year over year. Wireless service revenue hit $20.00 billion, marking an 18th consecutive quarter of sequential growth and underscoring how pricing actions and fixed wireless expansion are quietly reshaping Verizon's revenue mix. For investors watching the longer-term growth trajectory, management's 2025 guidance offers measured optimism, wireless service revenue is expected to grow 2.0% to 2.8%, with free cash flow projected between $17.50 billion and $18.50 billion, even as the pending Frontier acquisition looms over capital planning.
Key Takeaways
- • Pricing actions implemented in recent quarters driving wireless service revenue growth
- • Sales of perks and add-on services contributing to ARPA growth
- • Strong fixed wireless access adoption growing broadband market share
- • Strongest quarterly postpaid phone gross additions in five years
- • Consumer ARPA growth of 4.2% year over year to $139.77
- • Tower transaction with Vertical Bridge contributing approximately $2.0 billion to operating cash flow
- • Reduced capital expenditures from $18.8 billion to $17.1 billion improving free cash flow
VZ Forward Guidance & Outlook
For 2025, Verizon expects total wireless service revenue growth of 2.0% to 2.8%, adjusted EBITDA growth of 2.0% to 3.5%, adjusted EPS growth of 0% to 3.0%, cash flow from operations of $35.0 billion to $37.0 billion, capital expenditures between $17.5 billion and $18.5 billion, and free cash flow of $17.5 billion to $18.5 billion. The wireless service revenue growth guidance reflects a reclassification of recurring device protection and insurance-related plan revenues from other revenue into wireless service revenue beginning January 2025, with reclassified 2024 annual revenues exceeding $2.9 billion.
VZ YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
VZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“With innovations powered by the best network in the country, we are bringing the best experiences to our customers, in life and work. Customizable offerings like myPlan, myHome, Verizon Business Complete and Total Wireless feature the control, simplicity and value our customers expect.”
— Hans Vestberg, Q1 2026 Earnings Press Release
VZ Earnings Trends
VZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VZ EPS Trend
Earnings per share: estimate vs actual
VZ Revenue Trend
Quarterly revenue: estimate vs actual
VZ Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 24 BEAT FY | $1.10 | $1.10 | +0.00% | $35.68B | — |
| FY Full Year | $4.60 | $4.59 | -0.17% | $134.79B | +0.25% |
| Q2 24 BEAT | $1.15 | $1.15 | +0.00% | $32.80B | -0.81% |
| Q1 24 BEAT | $1.12 | $1.15 | +2.68% | $32.98B | -0.78% |
| Q4 23 BEAT FY | $1.08 | $1.08 | +0.00% | $35.13B | — |
| FY Full Year | $4.71 | $4.71 | +0.00% | $133.97B | +0.34% |