Verizon Communications (VZ) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Verizon published the results on October 26, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Verizon reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Segment revenues exclude Corporate and other, so Consumer and Business sum to less than total operating revenues. In the first quarter of 2026 Verizon revised how it breaks down segment revenue and recast prior periods; in the second quarter of 2026 it moved its international wireline connectivity and managed network services business, held for sale, from Business to Corporate and other.
• Verizon completed its acquisitions of Frontier Communications on January 20, 2026 and Starry on January 30, 2026, so both are in Q3 2026 results and not in the year-ago quarter.

Source: Verizon Q3 2026 earnings release, October 26, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Verizon splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Verizon's Consumer revenue was $26.4 billion in Q3 2026, up 1% from $26.1 billion in Q3 2025, 77% of total revenue.
• Verizon's Business revenue was $7.0 billion in Q3 2026, up 3% from $6.8 billion in Q3 2025, 20% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Verizon raised its full-year 2026 guidance for the third consecutive quarter.

In its Q3 2026 release, Verizon said:

“Postpaid phone net additions: 1.1 million to 1.2 million, up from upper half of 750,000 to 1.0 million, representing an increase of more than three times compared to 2025.”

“Adjusted EPS¹: $5.04 to $5.06, or 7.0 to 7.5 percent growth year-over-year, up from 6.0 to 7.0 percent.”

“Free cash flow¹: expected to approach 12.0 percent growth year-over-year, up from 9.0 to 10.0 percent.”

“Capital expenditures: $16.0 billion to $16.5 billion, inclusive of success-based investments for AI Connect.”

Source: Verizon Q3 2026 earnings release, Oct 26, 2026.

This is the company's own guidance as of Oct 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VZ forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total operating revenues and diluted EPS from each quarter's earnings release. GAAP EPS swings with special items: Q2 2026 included a loss on disposition of business, severance and asset rationalization charges, and Q4 2025 severance, pension and benefits charges.

Verizon's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 26, 2026

Verizon reported total operating revenues of $34,313 million in Q3 2026, up 1.5% from $33,821 million: $29,197 million of service revenues and other and $5,116 million of wireless equipment revenues. Mobility and broadband service revenue, the line Verizon guides on, was approximately $23.5 billion, up 2.9%, after growth of 2.8% in Q2 2026 and 1.6% in Q1 2026. (Verizon Q3 2026 earnings release, Oct 26, 2026)

The Consumer segment brought in $26,432 million, of which mobility and broadband service was $19,777 million, up 3.6%. Business brought in $7,023 million, with mobility and broadband service down 0.8% to $3,713 million and other revenue, mostly wireline products, up 10.0% to $2,471 million. (Verizon Q3 2026 earnings release, Oct 26, 2026)

Wireless equipment revenue fell 9.0%, which Verizon attributed primarily to significantly lower upgrade volumes, as customers keep their devices longer, and to its decision to reduce spending on device subsidies. The postpaid upgrade rate was 2.6%, against 3.3% a year earlier, and promotional cost of acquisition decreased 41% year over year. (Verizon Q3 2026 earnings release, Oct 26, 2026)

Broadband connections rose 33.5% to 17,437 thousand, including 11,068 thousand fiber connections, up 44.2%, after Verizon completed its acquisition of Frontier Communications on January 20, 2026, paying approximately $9.8 billion in cash, or $38.50 per Frontier share. Revenues from the Frontier and Starry acquisitions were less than 5% of total operating revenues, according to the 10-Q. (Verizon Q3 2026 earnings release, Oct 26, 2026; Verizon Form 10-Q, Q3 2026, Oct 29, 2026)

Verizon's diluted EPS was $1.25 in Q3 2026, up 6.8% from $1.17, and adjusted EPS was $1.31, up 8.3% from $1.21. The difference is $0.05 of amortization of acquisition-related intangible assets and $0.01 of acquisition and integration related charges, which Verizon excludes as special items. (Verizon Q3 2026 earnings release, Oct 26, 2026)

Operating income rose 6.7% to $8,650 million as total operating expenses edged down to $25,663 million: cost of wireless equipment fell 10.2% and selling, general and administrative expense 3.5%, while depreciation and amortization rose 10.3% to $5,095 million. Interest expense rose 17.2% to $1,950 million. Net income attributable to Verizon was $5,198 million. (Verizon Q3 2026 earnings release, Oct 26, 2026)

Diluted weighted-average shares were 4,161 million, against 4,233 million a year earlier. In the first nine months of 2026 Verizon returned $12.8 billion to shareholders, $8.8 billion in dividends and $4.0 billion in share repurchases, and it expects to repurchase up to $4.5 billion for the full year. The quarterly dividend declared was $0.7075 per share. (Verizon Q3 2026 earnings release, Oct 26, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Verizon publishes full-year guidance in its release and raised it for the third consecutive quarter with Q3 2026 results. It now expects 1.1 million to 1.2 million postpaid phone net additions, up from the upper half of 750,000 to 1.0 million, and adjusted EPS of $5.04 to $5.06, or 7.0 to 7.5 percent growth. Free cash flow growth is expected to approach 12.0 percent, and capital expenditures remain $16.0 billion to $16.5 billion. (Verizon Q3 2026 earnings release, Oct 26, 2026)

For Q4 2026 Verizon forecasts mobility and broadband service revenue growth of approximately 4.0 percent, which would put the full year in the upper half of its 2.5 to 3.0 percent range. It expects total fiber passings to exceed 32 million by year-end, toward a medium-term target of 40 to 50 million. (Verizon Q3 2026 earnings release, Oct 26, 2026)

A consensus figure is the average of the models published by the analysts who cover Verizon, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Verizon's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VZ is on is VZ a buy or a sell?, what analysts expect next is on the VZ forecast, and what the company does is on the Verizon Communications (VZ) stock page.

Every number on this page can be traced to a document Verizon published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.