NYSE:VZ

Verizon reported strong first-quarter 2026 results, showing continued momentum in its transformation strategy and raising its full-year adjusted EPS guidance.

The company posted revenue of $34.4 billion (+2.9% YoY) and net income of $5.1 billion (+3.3%), while adjusted EPS rose 7.6% to $1.28. Verizon also recorded its first positive first-quarter postpaid phone net additions since 2013, alongside solid growth in broadband and prepaid segments.

Driven by improved customer metrics and operational efficiency, Verizon now expects 2026 adjusted EPS growth of 5% to 6% and projects stronger customer additions in the upper range of its outlook.
Globe Newswire
Verizon Communications announced updated 2026 financial expectations and a major capital return plan following its earnings call on January 30, 2026. The company said changes to its cost structure and market strategy are expected to support long-term investment, continued deleveraging, and up to approximately $55 billion in shareholder returns through the end of 2028 via dividends and share repurchases.

Verizon’s board declared a quarterly dividend of $0.7075 per share, payable on May 1, 2026, representing a 2.5% annualized increase. In addition, the board authorized a new share repurchase program of up to $25 billion, with the company expecting to buy back at least $3 billion of common stock in 2026. The repurchase program may be executed through open-market or private transactions and can be suspended or discontinued at any time.
Verizon reported strong fourth-quarter and full-year 2025 results, delivering its highest quarterly mobility and broadband net additions since 2019 and meeting its full-year financial guidance.

In Q4 2025, Verizon added more than 1 million total net subscribers across mobility and broadband, including 616,000 postpaid phone net additions, the best quarterly result since 2019. Full-year 2025 EPS was $4.06, or $4.71 on an adjusted basis, with operating revenue rising to $138.2 billion and free cash flow reaching $20.1 billion. The company also closed its Frontier acquisition in January 2026, expanding fiber access to more than 30 million homes and businesses.

Looking ahead, Verizon guided for a clear acceleration in 2026, expecting 750,000 to 1.0 million postpaid phone net additions, service revenue growth of 2–3%, adjusted EPS of $4.90–$4.95, and free cash flow of at least $21.5 billion, reflecting the early stages of its strategic turnaround.
Verizon Communications announced that it completed its acquisition of Frontier Communications Parent, Inc. on January 20, 2026. Under the merger, Frontier became a wholly owned subsidiary of Verizon, and Frontier shareholders received $38.50 in cash per share, with no interest, for each outstanding share not already held by Verizon or its affiliates.
verizon issues €2.25 billion and £1 billion subordinated notes due 2056

Verizon Communications Inc. (NYSE: VZ) announced the closing of two major debt offerings on November 10, 2025. The company sold €2.25 billion of 3.9962% fixed-to-fixed rate junior subordinated notes and £1 billion of 5.7420% fixed-to-fixed rate junior subordinated notes, both maturing in 2056.

The offerings were made under Verizon’s shelf registration statement filed with the SEC on August 29, 2025. The proceeds are expected to be used for general corporate purposes.
Verizon Reports Strong Q3 2025 Earnings, CEO Unveils Plan to Redefine Company’s Future

Verizon Communications (NYSE, Nasdaq: VZ) reported third-quarter 2025 earnings per share of $1.17, up from $0.78 a year earlier, with adjusted EPS rising to $1.21 from $1.19. Net income reached $5.1 billion, compared to $3.4 billion in Q3 2024, while total revenue increased 1.5% year-over-year to $33.8 billion.

Wireless service revenue grew 2.1% to $21.0 billion, and equipment revenue rose 5.2% to $5.6 billion. Verizon generated $28.0 billion in operating cash flow and $15.8 billion in free cash flow during the first nine months of 2025, both higher than last year. The company also reduced its total unsecured debt to $119.7 billion, down from $126.4 billion a year earlier.

CEO Dan Schulman announced a bold transformation plan focused on building a customer-first culture, reshaping Verizon’s cost structure, and improving financial performance. He emphasized that these changes would be “aggressive, not incremental,” aiming to return Verizon to growth. The company also raised its dividend for the 19th consecutive year and reaffirmed its full-year financial guidance.

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Verizon launched two coordinated transactions to repurchase 10 series of outstanding notes: exchange offers for qualified investors and cash offers for others. The exchange involves issuing new 2037 notes with a 5.401% coupon, capped at $2.5 billion, while the cash offers are limited to $300 million. Acceptance follows a priority-based waterfall system. Both offers expire on June 18, 2025, and include additional cash payments for accrued interest. Completion of each offer is conditional on the success of its counterpart.
Verizon Communications Inc. has announced an increase in the annual target long-term incentive for its Chairman and CEO, Hans Vestberg. The Board of Directors approved raising his 2025 long-term incentive opportunity from $18 million to $25 million, with 67% allocated to performance stock units (PSUs) and 33% to restricted stock units (RSUs). This decision was based on market competitiveness, Vestberg's tenure, and experience.

Additionally, Verizon disclosed changes in revenue classification and reporting metrics for 2025. Recurring device protection and insurance-related plan revenues will be reclassified from "Other revenue" to "Wireless service revenue." The company will also stop including the impact of its second number offering when calculating certain wireless retail postpaid phone metrics.
Verizon Communications announced at an investor event that its Verizon Consumer Group expects postpaid phone net additions for the first quarter of 2025 to be impacted by increased churn of 3 to 5 basis points due to recent pricing changes. Additionally, postpaid phone gross additions are projected to remain flat or slightly decline compared to the previous year.

Despite these short-term effects, Verizon remains confident in its full-year financial guidance and expects Consumer postpaid phone net additions for 2025 to surpass those of 2024, excluding the impact of the second number offering.

The information was provided as part of Verizon’s investor disclosures and was not filed with the SEC but furnished for informational purposes.
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