Verizon Communications Inc. (VZ) Stock Price & How to Invest

Verizon Communications is one of the three national US wireless carriers, providing mobile voice and data service, smartphones and other devices, and home internet to tens of millions of customers. It reports in two segments: Consumer, the bulk of the business, which sells wireless plans, device payment plans, and Fios and fixed wireless broadband to households; and Business, which serves enterprises, small businesses, and government with connectivity and managed services. Verizon makes money primarily from recurring monthly wireless service fees, plus equipment sales when customers buy phones and a growing stream of broadband subscription revenue.

The company traces its roots to the old Bell System and was formed in 2000 from the merger of Bell Atlantic and GTE, later buying out Vodafone's stake in Verizon Wireless. In October 2025 it named former PayPal chief Dan Schulman as CEO, replacing Hans Vestberg, signaling a customer-first turnaround push. In January 2026 it closed its roughly $20 billion acquisition of Frontier Communications, expanding its fiber footprint to more than 30 million homes and businesses. For full-year 2025, Verizon reported total operating revenue of about $138 billion (up from $134.8 billion in 2024), and in the fourth quarter it posted 616,000 postpaid phone net additions, its strongest quarter since 2019. In 2026 the business has tracked close to plan: first-quarter revenue was about $34.4 billion with adjusted EPS of $1.28 against a $1.21 estimate, and second-quarter revenue was about $34.3 billion (down about 0.7% year over year) with EPS of $1.30 against $1.27, the fourth straight small beat. Trailing twelve-month revenue is about $138.9 billion and net income about $16.2 billion. As of October 16, 2026 the stock closed near $44.78 for a market value of about $186 billion, up roughly 10.5% year to date and 11% over the past year, though down about 7% over the last month.

Verizon operates in a saturated, intensely competitive US wireless market where AT&T and T-Mobile fight for the same customers with aggressive promotions, pressuring pricing and driving churn. Growth is structurally low, so the stock leans on the dividend rather than capital appreciation. The balance sheet carries heavy debt, with net unsecured debt rising to roughly $130 billion after the Frontier acquisition closed, which limits flexibility and makes the company sensitive to interest rates. Telecom is also capital-intensive: continuous spending on 5G, fiber, and now Frontier integration consumes cash, and in broadband Verizon competes with entrenched cable players like Comcast and Charter as well as rival fixed wireless offerings. GAAP earnings growth has also been uneven: trailing earnings were down about 22% year over year on the latest data, partly from one-time charges, even as adjusted EPS beat estimates. New entrants such as satellite-to-phone services from Starlink are a longer-dated competitive question for the three national carriers.

22 analysts publish price targets on VZ, averaging $51.24 against a $44.79 price as of October 2026, or +14.4%. The published targets run from $45.00 to $62.00, a moderate spread, and the ratings split 11 buy, 14 hold, 0 sell. Over the last six months there have been 6 raises and 6 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full VZ forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Verizon Communications Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. High, long-growing dividend. Verizon's main attraction is income. The most optimistic published target, $62.00, assumes this works close to its best case.

The case against. Verizon operates in a saturated, intensely competitive US wireless market where AT&T and T-Mobile fight for the same customers with aggressive promotions, pressuring pricing and driving churn. The most pessimistic target, $45.00, is roughly what VZ is worth if this bites instead.

Read the full bull and bear case on VZ, including what would have to change to break either one. Walnut is not an investment adviser.

No. Verizon Communications Inc. (VZ) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Verizon Communications Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$138.9 billion (-0.7% YoY in Q2 2026)
• Q2 2026 adjusted EPS: $1.30 vs $1.27 est.
• Margins (operating / net): ~23% / ~11.6%
• Net income (TTM): ~$16.2 billion
• P/E (trailing / forward): ~11.7x / ~8.5x
• Dividend yield: ~6.4% (annual dividend ~$2.83, payout ratio ~73%)
• Market cap: ~$186 billion
• Next earnings: Oct 26, 2026 (EPS est. ~$1.27, revenue ~$34.85B)

A mature telecom like Verizon is read differently from a growth stock. The dividend yield and whether free cash flow comfortably covers the payout matter more than earnings growth, which analysts put near 6.5% for adjusted EPS in 2026 (about $5.02) and 5% in 2027 (about $5.27). At about 11.7 times trailing GAAP earnings and 8.5 times forward estimates, the low multiple reflects slow growth and total debt near $194 billion rather than a bargain, so dividend coverage, the debt trajectory after the Frontier deal and subscriber trends carry the story. The key question is durability of cash flow, not expansion.

If you want VZ exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses VZ naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to VZ: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get VZ exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (SPHD, DVY, VLUE), which spreads the position across many companies. Or build it into a focused thematic portfolio, so VZ sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where VZ fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Verizon is a mature, high-yield telecom that grows revenue slowly but throws off large, stable cash flows it uses to fund a roughly 6.4% dividend yield and pay down debt. It tends to behave defensively, with modest price moves and income as the main return driver, so the dividend's safety and the level of competition matter far more than rapid growth.

Whether VZ is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is VZ a buy or a sell?, and where the stock could go from here in the VZ stock forecast.

For income investors, whether VZ pays a dividend and how the payout looks is covered in does VZ pay a dividend? And to weigh VZ against a peer, read the full side-by-side comparisons: VZ vs CVX and VZ vs XOM.