Form 8-K

8-K — VERIZON COMMUNICATIONS INC

Accession: 0000732712-26-000049

Filed: 2026-10-26

Period: 2026-10-26

CIK: 0000732712

SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — vz-20261026.htm (Primary)

EX-99 (a2026q3exhibit99.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________________________________

FORM 8-K

______________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: October 26, 2026

(Date of earliest event reported)

______________________________________________________________________________

Verizon Communications Inc.

(Exact name of registrant as specified in its charter)

_______________________________________________________________________________

Delaware 1-8606 23-2259884

(State or other jurisdiction

of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

1095 Avenue of the Americas 10036

New York, New York

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered

Common Stock, par value $0.10 VZ New York Stock Exchange

Common Stock, par value $0.10 VZ The Nasdaq Global Select Market

1.375% Notes due 2026 VZ 26B New York Stock Exchange

0.875% Notes due 2027 VZ 27E New York Stock Exchange

1.375% Notes due 2028 VZ 28 New York Stock Exchange

1.125% Notes due 2028 VZ 28A New York Stock Exchange

2.350% Fixed Rate Notes due 2028 VZ 28C New York Stock Exchange

1.875% Notes due 2029 VZ 29B New York Stock Exchange

0.375% Notes due 2029 VZ 29D New York Stock Exchange

1.250% Notes due 2030 VZ 30 New York Stock Exchange

1.875% Notes due 2030 VZ 30A New York Stock Exchange

4.250% Notes due 2030 VZ 30D New York Stock Exchange

2.625% Notes due 2031 VZ 31 New York Stock Exchange

2.500% Notes due 2031 VZ 31A New York Stock Exchange

3.000% Fixed Rate Notes due 2031 VZ 31D New York Stock Exchange

0.875% Notes due 2032 VZ 32 New York Stock Exchange

0.750% Notes due 2032 VZ 32A New York Stock Exchange

3.500% Notes due 2032 VZ 32B New York Stock Exchange

3.250% Notes due 2032

VZ 32C

New York Stock Exchange

1.300% Notes due 2033 VZ 33B New York Stock Exchange

4.75% Notes due 2034 VZ 34 New York Stock Exchange

4.750% Notes due 2034 VZ 34C New York Stock Exchange

3.125% Notes due 2035 VZ 35 New York Stock Exchange

1.125% Notes due 2035 VZ 35A New York Stock Exchange

3.375% Notes due 2036 VZ 36A New York Stock Exchange

3.750% Notes due 2036 VZ 36B New York Stock Exchange

3.750% Notes due 2037

VZ 37B

New York Stock Exchange

2.875% Notes due 2038 VZ 38B New York Stock Exchange

1.875% Notes due 2038 VZ 38C New York Stock Exchange

1.500% Notes due 2039 VZ 39C New York Stock Exchange

3.50% Fixed Rate Notes due 2039 VZ 39D New York Stock Exchange

1.850% Notes due 2040 VZ 40 New York Stock Exchange

3.850% Fixed Rate Notes due 2041 VZ 41C New York Stock Exchange

3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56 New York Stock Exchange

5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56A New York Stock Exchange

4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56B New York Stock Exchange

5.7427% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56C New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

Attached as an exhibit hereto are a press release and financial tables, dated October 26, 2026, issued by Verizon Communications Inc. (Verizon).

Non-GAAP Measures

Verizon’s press release and financial tables attached to the report include financial information prepared in conformity with generally accepted accounting principles in the United States (GAAP) as well as non-GAAP financial information. It is management's intent to provide non-GAAP financial information to enhance the understanding of Verizon's GAAP financial information, and it should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP. Each non-GAAP financial measure is presented along with the corresponding GAAP measure so as not to imply that more emphasis should be placed on the non-GAAP measure. We believe that providing these non-GAAP measures in addition to the GAAP measures allows management, investors and other users of our financial information to more fully and accurately assess both consolidated and segment performance. The non-GAAP financial information presented may be determined or calculated differently by other companies and may not be directly comparable to that of other companies.

EBITDA and EBITDA Margin Related Non-GAAP Measures

Consolidated earnings before interest, taxes, depreciation and amortization (Consolidated EBITDA), Segment EBITDA and Segment EBITDA Margin are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating operating profitability on a more variable cost basis as they exclude the depreciation and amortization expense related primarily to capital expenditures and acquisitions, as well as in evaluating operating performance in relation to Verizon's competitors.

Consolidated EBITDA is calculated by adding back interest, taxes, depreciation and amortization expense to net income.

Segment EBITDA is calculated by adding back segment depreciation and amortization expense to segment operating income. Segment EBITDA Margin is calculated by dividing Segment EBITDA by total segment operating revenues.

Consolidated Adjusted EBITDA and Consolidated Adjusted EBITDA Margin

Consolidated Adjusted EBITDA and Consolidated Adjusted EBITDA Margin are non-GAAP financial measures that we believe provide relevant and useful information to management, investors and other users of our financial information in evaluating the effectiveness of our operations and underlying business trends. We believe that Consolidated Adjusted EBITDA and Consolidated Adjusted EBITDA Margin are widely used by investors to compare a company’s operating performance to its competitors by minimizing impacts caused by differences in capital structure, taxes, and depreciation and amortization policies. Further, the exclusion of non-operational items and special items enables comparability to prior period performance and trend analysis.

Consolidated Adjusted EBITDA is calculated by excluding from Consolidated EBITDA the effect of the following non-operational items: equity in earnings and losses of unconsolidated businesses and other income and expense, net, and the following special items: severance charges, acquisition and integration related charges, asset and business rationalization and loss on disposition of business. Severance charges recorded during 2026 and 2025 relate to separations in connection with workforce reduction initiatives. Acquisition and integration related charges recorded during 2026 and 2025 primarily relate to transaction and integration expenses associated with the acquisition of Frontier Communications Parent, Inc. completed in January 2026. Asset rationalization recorded during 2026 relates to the decision to cease use of certain real estate and network assets as part of our transformation initiatives. Asset and business rationalization recorded during 2025 predominately relates to the decision to cease use of certain real estate assets and exit non-strategic portions of certain businesses as part of our transformation initiatives. Loss on disposition of business recorded during 2026 relates to the classification of the assets and liabilities representing Verizon's international wireline connectivity and managed network services business as assets and liabilities held for sale.

Consolidated Adjusted EBITDA Margin is calculated by dividing Consolidated Adjusted EBITDA by consolidated operating revenues.

Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio

Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating Verizon’s ability to service its unsecured debt from continuing operations.

Net Unsecured Debt is calculated by subtracting secured debt, a fifty percent equity credit related to junior subordinated notes, and cash and cash equivalents, from the sum of debt maturing within one year and long-term debt. Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio is calculated by dividing Net Unsecured Debt by Consolidated Adjusted EBITDA. For purposes of Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Consolidated Adjusted EBITDA is calculated for the last twelve months.

Adjusted Earnings per Common Share (Adjusted EPS) and Adjusted EPS Forecast

Adjusted EPS and Adjusted EPS Forecast are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating our operating results and understanding our operating trends without the effect of special items which could vary from period to period. We believe excluding special items provides more comparable assessment of our financial results from period to period.

Adjusted EPS is calculated by excluding from the calculation of reported EPS the effect of the following special items: amortization of acquisition-related intangible assets and acquisition and integration related charges.

We exclude the amortization of acquisition-related intangible assets because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and related amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time between our newly acquired and long-held businesses, and with both acquisitive and non-acquisitive peer companies. We believe that it is important for investors to understand that our non-GAAP financial measure adjusts for the intangible asset amortization but does not adjust the revenue that is generated in part from the use of such intangible assets.

We exclude the acquisition and integration related charges because the amount and timing of such charges are significantly impacted by the timing, size, and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the related costs to integrate an acquired business into our operations are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of acquisition and integration related charges facilitates more consistent comparisons of our operating results with historical periods, and with both acquisitive and non-acquisitive peer companies.

We have not provided a reconciliation for our Adjusted EPS Forecast because we cannot, without unreasonable effort, predict the special items that could arise during 2026.

Free Cash Flow and Free Cash Flow Forecast

Free cash flow and free cash flow forecast are non-GAAP financial measures that reflect an additional way of viewing our liquidity that, we believe, when viewed with our GAAP results, provide management, investors and other users of our financial information with a more complete understanding of factors and trends affecting our cash flows. We believe they are more conservative measures of cash flow since capital expenditures are necessary for ongoing operations. Free cash flow and free cash flow forecast have limitations due to the fact that they do not represent the residual cash flow available for discretionary expenditures. For example, free cash flow and free cash flow forecast do not incorporate payments made or expected to be made on finance lease obligations or cash payments for business acquisitions or wireless licenses. Therefore, we believe it is important to view free cash flow and free cash flow forecast as complements to our entire condensed consolidated statements of cash flows.

Free cash flow is calculated by subtracting capital expenditures (including capitalized software) from net cash provided by operating activities. Free cash flow forecast is calculated by subtracting capital expenditures forecast (including capitalized software) from forecasted net cash provided by operating activities.

See the accompanying schedules for reconciliations of non-GAAP financial measures to GAAP.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit

Number Description

Press release and financial tables, dated October 26, 2026, issued by Verizon Communications Inc.

104 Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Verizon Communications Inc.

(Registrant)

Date: October 26, 2026 /s/ Mary-Lee Stillwell

Mary-Lee Stillwell

Senior Vice President and Controller

EX-99

Filename: a2026q3exhibit99.htm · Sequence: 2

Document

VZQTR20FIN

Exhibit 99

News Release

FOR IMMEDIATE RELEASE

Media contacts:

October 26, 2026 Katie Magnotta

201-602-9235

katie.magnotta@verizon.com

Jamie Serino

201-401-5460

jamie.serino@verizon.com

Verizon Delivers Another Record-Breaking Quarter with 3Q 2026 Results Driven by Strong Postpaid Phone and Account Additions

Transformation Efforts Continue to Drive Growth and Profitability

Company Raises Full-Year Guidance for Third Consecutive Quarter

Verizon and Amazon Web Services (AWS) Expand Strategic Partnership with Landmark $2B+ AI Infrastructure Deal

3Q26 Key Highlights:

•Delivered 406,000 postpaid phone net additions, a more than 820.0 percent increase year-over-year, representing the strongest third-quarter performance in five years.

•Added 137,000 postpaid net accounts, marking the company's best performance in over a decade.

•Acquired nearly 1.7 million mobility and broadband subscribers in the first nine months of 2026, compared to 879,000 in the first nine months of 2025.

•Mobility and broadband service revenue of $23.5 billion grew 2.9 percent year-over-year, up sequentially and forecast to grow approximately 4.0 percent in fourth-quarter 2026.

•Cash flow from operating activities was $11.5 billion for the quarter, representing an increase of 2.2 percent year-over-year. This supported free cash flow¹ of $7.8 billion, up 12.1 percent year-over-year.

•Sharp focus on operational efficiency resulted in strong consolidated net income performance of $5.3 billion, up 5.2 percent year-over-year. This drove consolidated Adjusted EBITDA1 of $13.8 billion, up 8.0 percent year-over-year, which represents the highest quarterly result the company has ever reported.

•Earnings per share (EPS) was $1.25, up 6.8 percent year-over-year, driving Adjusted EPS¹ of $1.31, up 8.3 percent year-over-year.

•Raised full-year 2026 guidance for key metrics for the third consecutive quarter, including for postpaid phone net additions, Adjusted EPS¹, and free cash flow¹.

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•Signed an agreement valued at $2.0+ billion with AWS that establishes a commercial framework to scale distributed compute and meet the real-time demands of agentic and generative AI workloads.

NEW YORK, NY — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced third-quarter 2026 results that set new company benchmarks. This performance highlights the momentum behind its multi-year transformation. Verizon delivered its strongest third-quarter postpaid phone net adds in five years, and its best quarterly net account growth in over a decade, alongside lower year-over-year churn. With these strong results and the underlying performance of the business, Verizon raised its full-year guidance for the third consecutive quarter.

"Verizon delivered another record-breaking quarter. One year into our transformation, Verizon is fundamentally stronger — operationally, financially, and competitively," said Dan Schulman, Verizon CEO. "By prioritizing customer-first offerings like Simplicity and our expanded loyalty program over heavy subsidies, we are winning loyal, high-value customers while expanding margins, reducing churn, and generating strong sustained cash flow. At the same time, technology leaders are choosing our fiber network to power the next generation of AI infrastructure. We are continuing to raise the bar and we are only one year into a multi-year growth story."

3Q 2026 Highlights

Mobility and Broadband

•Mobility and broadband service revenue reached approximately $23.5 billion, representing a 2.9 percent increase year-over-year, continuing a sequential improvement from 2.8 percent in second-quarter 2026 and 1.6 percent in first-quarter 2026.

•Reported total postpaid phone net additions of 406,000 in third-quarter 2026, a more than 820.0 percent increase year-over-year, marking the strongest third-quarter performance in five years.

•Delivered 137,000 postpaid net account additions, marking the best performance in over a decade.

•Overall postpaid phone churn improved 4 bps year-over-year to 0.94 percent, with Consumer postpaid phone churn also improving 4 bps to 0.87 percent. Promotional cost of acquisition decreased 41 percent year-over-year, and promotional cost of retention improved by 30 percent year-over-year.

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•Delivered 314,000 broadband net additions in third-quarter 2026. This includes total fixed wireless access net additions of 159,000 and 155,000 fiber broadband net additions.

•Verizon now maintains 17.4 million total broadband connections, with more than half of new fiber customers choosing 1-gigabit-plus download speeds.

•The company continues to anticipate total fiber passings to exceed 32 million by year-end, remaining on track toward a target of 40 to 50 million fiber passings over the medium term.

Consolidated Financial Results

•Total operating revenue was $34.3 billion, up 1.5 percent year-over-year. Mobility and broadband service revenue growth of 2.9 percent was offset by a 9.0 percent year-over-year decline in equipment revenue. This decline resulted primarily from significantly lower upgrade volumes, as the average time customers keep their mobile devices continues to increase, and the company’s strategic decision to reduce spending on device subsidies. It is another demonstration of Verizon’s more disciplined approach as the company structurally evolves its business model.

•In third-quarter 2026, Verizon had strong consolidated net income of $5.3 billion, a 5.2 percent increase year-over-year, and strong consolidated net income margin of 15.5 percent compared to 14.9 percent in third-quarter 2025.

•Consolidated Adjusted EBITDA1 grew 8.0 percent year-over-year to $13.8 billion, the highest the company ever reported.

•Consolidated Adjusted EBITDA margin1 grew from 37.8 to 40.2 percent year-over-year, the highest the company ever reported.

•EPS was $1.25 in third-quarter 2026, a 6.8 percent increase compared to $1.17 in third-quarter 2025; Adjusted EPS1, excluding special items, was $1.31 in third-quarter 2026, an 8.3 percent increase compared to $1.21 in third-quarter 2025.

•In third-quarter 2026, cash flow from operations was $11.5 billion, up 2.2 percent year-over-year. Free cash flow1 was $7.8 billion in third-quarter 2026, up 12.1 percent year-over-year.

•Cash flow from operations was $29.9 billion for the first nine months of the year, compared to $28.0 billion for the same period in 2025, representing a growth rate of nearly 7.0 percent. Free cash flow1 for the first nine months of the year was $18.0 billion, up 14.3 percent year-over-year.

•Capital expenditures were $11.9 billion for the first nine months of the year, reflecting sustained, disciplined investment to maintain network excellence and capture high-return expansion across mobility and broadband.

•Verizon's total unsecured debt as of the end of third-quarter 2026 was $136.1 billion, compared to $136.5 billion at the end of second-quarter 2026. The company's net unsecured debt1 at the end of third-quarter 2026 was $123.7 billion compared to $128.7 billion at the end of second-quarter 2026. At the end of third-quarter 2026, Verizon's ratio of unsecured debt to consolidated net income (LTM) was 8.1 times and its net unsecured debt to consolidated Adjusted EBITDA ratio1 was 2.3 times.

•In the first nine months of the year, Verizon returned $12.8 billion of capital to shareholders, up 49.0 percent year-over-year. This includes dividend payments of $8.8 billion and share repurchases of $4.0 billion. The company continues to expect to repurchase up to $4.5 billion for the full year.

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Outlook and Guidance

Verizon does not provide a reconciliation for certain of the following adjusted (non-GAAP) forecasts because it cannot, without unreasonable effort, predict the special items that could arise, and the company is unable to address the probable significance of the unavailable information.

Given the strong third-quarter 2026 performance and continued operational momentum, Verizon is raising its full-year 2026 guidance as follows:

•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.

•Cash flow from operations: 3.5 to 5.0 percent growth year-over-year, up from 2.0 to 4.0 percent.

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

•Mobility and broadband service revenue: upper half of annual guidance of 2.5 to 3.0 percent growth, with approximately 4.0 percent growth in fourth-quarter 2026.

In addition, for 2026, Verizon continues to expect the following:

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

1 Non-GAAP financial measure. See the accompanying schedules and www.verizon.com/about/investors for reconciliations of non-GAAP financial measures cited in this document to most directly comparable financial measures under generally accepted accounting principles (GAAP).

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

###

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/about/news. For images and logos, visit verizon.com/about/news/media-resources. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Forward-looking statements

In this communication we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets,” "will" or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: the effects of competition in the markets in which

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we operate, including the inability to successfully respond to competitive factors such as prices, promotional incentives, network performance and quality, and evolving consumer preferences; failure to take advantage of, or respond to competitors' use of, developments in technology, including artificial intelligence, and address changes in consumer demand; the inability to implement our business strategy; adverse conditions in the U.S. and international economies, including inflation and changing interest rates in the markets in which we operate; changes to international trade and tariff policies and related economic and other impacts; cyberattacks impacting our networks or systems and any resulting financial or reputational impact; our ability to implement business transformation initiatives and achieve their anticipated benefits; system failures and disruptions to our networks and operations and any resulting financial, reputational or business impact; disruption of our key suppliers’ or vendors' provisioning of products or services, including as a result of geopolitical factors, public health crises, natural disasters or extreme weather conditions; material adverse changes in labor matters and any resulting financial or operational impact; damage to our reputation or brands; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks or businesses; allegations regarding the release of hazardous materials or pollutants into the environment from our, or our predecessors’, network assets and any related government investigations, regulatory developments, litigation, penalties and other liability, remediation and compliance costs, operational impacts or reputational damage; significant amount of outstanding debt; significant litigation and any resulting material expenses incurred in defending against lawsuits or paying awards or settlements; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or regulations, or in their interpretation, or challenges to our tax positions, resulting in additional tax expense or liabilities; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; our ability to return capital to shareholders, including the amount, timing, and effect of share repurchases and dividends; and risks associated with mergers, acquisitions, divestitures and other strategic transactions, including our ability to obtain cost savings and other synergies and anticipated benefits of completed transactions within the expected time period or at all.

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Verizon Communications Inc.

Condensed Consolidated Statements of Income

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 %

Change 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25 %

Change

Operating Revenues

Service revenues and other $ 29,197 $ 28,202 3.5 $ 87,185 $ 84,538 3.1

Wireless equipment revenues 5,116 5,619 (9.0) 15,821 17,272 (8.4)

Total Operating Revenues 34,313 33,821 1.5 103,006 101,810 1.2

Operating Expenses

Cost of services 7,265 6,863 5.9 21,657 20,691 4.7

Cost of wireless equipment 5,823 6,483 (10.2) 18,188 19,596 (7.2)

Selling, general and administrative expense 7,480 7,752 (3.5) 24,095 23,438 2.8

Depreciation and amortization expense 5,095 4,618 10.3 14,995 13,830 8.4

Total Operating Expenses 25,663 25,716 (0.2) 78,935 77,555 1.8

Operating Income 8,650 8,105 6.7 24,071 24,255 (0.8)

Equity in earnings (losses) of unconsolidated businesses (3) (6) (50.0) 46 (3) *

Other income, net 120 92 30.4 633 292 *

Interest expense (1,950) (1,664) 17.2 (5,875) (4,935) 19.0

Income Before Provision For Income Taxes 6,817 6,527 4.4 18,875 19,609 (3.7)

Provision for income taxes (1,497) (1,471) 1.8 (4,460) (4,449) 0.2

Net Income $ 5,320 $ 5,056 5.2 $ 14,415 $ 15,160 (4.9)

Net income attributable to noncontrolling interests $ 122 $ 106 15.1 $ 337 $ 328 2.7

Net income attributable to Verizon 5,198 4,950 5.0 14,078 14,832 (5.1)

Net Income $ 5,320 $ 5,056 5.2 $ 14,415 $ 15,160 (4.9)

Basic Earnings Per Common Share

Net income attributable to Verizon $ 1.25 $ 1.17 6.8 $ 3.37 $ 3.51 (4.0)

Weighted-average shares outstanding (in millions) 4,157 4,228 4,176 4,225

Diluted Earnings Per Common Share(1)

Net income attributable to Verizon $ 1.25 $ 1.17 6.8 $ 3.37 $ 3.51 (4.0)

Weighted-average shares outstanding (in millions) 4,161 4,233 4,180 4,229

Footnotes:

(1)Where applicable, Diluted Earnings per Common Share includes the dilutive effect of shares issuable under our stock-based compensation plans, which represents the only potential dilution.

* Not meaningful

Verizon Communications Inc.

Condensed Consolidated Balance Sheets

(dollars in millions)

Unaudited 9/30/26 12/31/25 $ Change

Assets

Current assets

Cash and cash equivalents $ 4,495 $ 19,048 $ (14,553)

Accounts receivable 27,564 28,347 (783)

Less Allowance for credit losses 1,199 1,250 (51)

Accounts receivable, net 26,365 27,097 (732)

Inventories 2,775 2,441 334

Prepaid expenses and other 7,876 8,336 (460)

Total current assets 41,511 56,922 (15,411)

Property, plant and equipment 359,427 337,991 21,436

Less Accumulated depreciation 234,293 228,524 5,769

Property, plant and equipment, net 125,134 109,467 15,667

Investments in unconsolidated businesses 796 785 11

Wireless licenses 161,417 157,039 4,378

Goodwill 30,729 22,841 7,888

Other intangible assets, net 12,002 10,458 1,544

Operating lease right-of-use assets 22,680 23,498 (818)

Other assets 21,253 23,248 (1,995)

Total assets $ 415,522 $ 404,258 $ 11,264

Liabilities and Equity

Current liabilities

Debt maturing within one year $ 23,889 $ 18,618 $ 5,271

Accounts payable and accrued liabilities 22,018 24,981 (2,963)

Current operating lease liabilities 4,772 4,542 230

Other current liabilities 15,592 14,229 1,363

Total current liabilities 66,271 62,370 3,901

Long-term debt 142,344 139,532 2,812

Employee benefit obligations 11,533 11,099 434

Deferred income taxes 50,976 48,717 2,259

Non-current operating lease liabilities 17,963 18,951 (988)

Other liabilities 19,143 17,848 1,295

Total long-term liabilities 241,959 236,147 5,812

Equity

Common stock 429 429 —

Additional paid in capital 13,250 13,372 (122)

Retained earnings 99,995 94,744 5,251

Accumulated other comprehensive loss (1,624) (1,727) 103

Common stock in treasury, at cost (6,802) (3,255) (3,547)

Deferred compensation – employee stock ownership plans and other 738 897 (159)

Noncontrolling interests 1,306 1,281 25

Total equity 107,292 105,741 1,551

Total liabilities and equity $ 415,522 $ 404,258 $ 11,264

Verizon Communications Inc.

Consolidated - Selected Financial and Operating Statistics

(dollars in millions, except per share amounts)

Unaudited 9/30/26 12/31/25

Total debt $ 166,233 $ 158,150

Unsecured debt $ 136,095 $ 131,083

Net unsecured debt(1)

$ 123,721 $ 110,053

Unsecured debt / Consolidated Net Income (LTM) 8.1 x 7.4 x

Net unsecured debt / Consolidated Adjusted EBITDA(1)(2)

2.3 x 2.2 x

Common shares outstanding, end of period (in millions) 4,145 4,217

Total employees (‘000)(3)

93.3 89.9

Quarterly cash dividends declared per common share $ 0.7075 $ 0.6900

Footnotes:

(1)Non-GAAP financial measure.

(2)Consolidated Adjusted EBITDA excludes the effects of non-operational items and special items.

(3)Number of employees on a full-time equivalent basis.

Verizon Communications Inc.

Condensed Consolidated Statements of Cash Flows

(dollars in millions)

Unaudited 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25 $ Change

Cash Flows from Operating Activities

Net Income $ 14,415 $ 15,160 $ (745)

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization expense 14,995 13,830 1,165

Employee retirement benefits 187 444 (257)

Deferred income taxes 2,113 1,809 304

Provision for expected credit losses 1,503 1,613 (110)

Equity in (earnings) losses of unconsolidated businesses, net of dividends received (27) 41 (68)

Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses

(3,438) (4,054) 616

Other, net 188 (820) 1,008

Net cash provided by operating activities 29,936 28,023 1,913

Cash Flows from Investing Activities

Capital expenditures (including capitalized software) (11,926) (12,263) 337

Cash paid related to acquisitions of businesses, net of cash acquired (9,480) — (9,480)

Acquisitions of wireless licenses (4,384) (340) (4,044)

Other, net 319 923 (604)

Net cash used in investing activities (25,471) (11,680) (13,791)

Cash Flows from Financing Activities

Proceeds from long-term borrowings 13,658 3,952 9,706

Proceeds from asset-backed long-term borrowings 13,773 7,340 6,433

Repayments of long-term borrowings and finance lease obligations (17,349) (7,529) (9,820)

Repayments of asset-backed long-term borrowings (14,285) (6,437) (7,848)

Dividends paid (8,804) (8,569) (235)

Purchase of common stock for treasury (4,000) — (4,000)

Other, net (1,893) (1,579) (314)

Net cash used in financing activities (18,900) (12,822) (6,078)

Increase (decrease) in cash, cash equivalents and restricted cash (14,435) 3,521 (17,956)

Cash, cash equivalents and restricted cash, beginning of period 19,499 4,635 14,864

Cash, cash equivalents and restricted cash, end of period $ 5,064 $ 8,156 $ (3,092)

Verizon Communications Inc.

Consumer - Selected Financial Results

(dollars in millions)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 %

Change 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25 %

Change

Operating Revenues

Mobility and broadband service(1)

$ 19,777 $ 19,096 3.6 $ 58,594 $ 56,899 3.0

Wireless equipment 4,277 4,766 (10.3) 13,279 14,667 (9.5)

Other(2)

2,378 2,243 6.0 7,254 6,805 6.6

Total Operating Revenues 26,432 26,105 1.3 79,127 78,371 1.0

Operating Expenses

Cost of services 4,980 4,635 7.4 14,728 13,790 6.8

Cost of wireless equipment 4,665 5,270 (11.5) 14,626 15,988 (8.5)

Selling, general and administrative expense 4,822 4,968 (2.9) 14,545 15,169 (4.1)

Depreciation and amortization expense 3,872 3,568 8.5 11,389 10,693 6.5

Total Operating Expenses 18,339 18,441 (0.6) 55,288 55,640 (0.6)

Operating Income $ 8,093 $ 7,664 5.6 $ 23,839 $ 22,731 4.9

Operating Income Margin 30.6 % 29.4 % 30.1 % 29.0 %

Segment EBITDA(3)

$ 11,965 $ 11,232 6.5 $ 35,228 $ 33,424 5.4

Segment EBITDA Margin(3)

45.3 % 43.0 % 44.5 % 42.6 %

Footnotes:

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.

(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.

(3) Non-GAAP financial measure.

During the first quarter of 2026, Verizon revised its presentation of revenue reporting for its reportable segments. Accordingly, beginning in the first quarter of 2026, Verizon has reported Consumer revenue disaggregated by products and services as follows: Mobility and broadband service revenue, Wireless equipment revenue and Other revenue. Prior period operating revenue results have been recast to conform to the current period presentation. There was no change to the composition of our reportable segments and total segment results, nor to the determination of segment profit.

The segment financial results above exclude the effects of special items (other than the effects of acquisition-related intangible asset amortization), which the Company’s chief operating decision maker does not consider in assessing segment performance.

Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Business - Selected Financial Results

(dollars in millions)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 %

Change 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25 %

Change

Operating Revenues

Mobility and broadband service(1)

$ 3,713 $ 3,743 (0.8) $ 11,129 $ 11,193 (0.6)

Wireless equipment 839 853 (1.6) 2,542 2,605 (2.4)

Other(2)

2,471 2,247 10.0 7,637 7,020 8.8

Total Operating Revenues 7,023 6,843 2.6 21,308 20,818 2.4

Operating Expenses

Cost of services 2,091 1,985 5.3 6,231 6,199 0.5

Cost of wireless equipment 1,157 1,213 (4.6) 3,562 3,608 (1.3)

Selling, general and administrative expense 1,834 1,927 (4.8) 5,487 5,836 (6.0)

Depreciation and amortization expense 1,086 1,002 8.4 3,226 2,989 7.9

Total Operating Expenses 6,168 6,127 0.7 18,506 18,632 (0.7)

Operating Income $ 855 $ 716 19.4 $ 2,802 $ 2,186 28.2

Operating Income Margin 12.2 % 10.5 % 13.1 % 10.5 %

Segment EBITDA(3)

$ 1,941 $ 1,718 13.0 $ 6,028 $ 5,175 16.5

Segment EBITDA Margin(3)

27.6 % 25.1 % 28.3 % 24.9 %

Footnotes:

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.

(3) Non-GAAP financial measure.

During the first quarter of 2026, Verizon revised its presentation of revenue reporting for its reportable segments. Accordingly, beginning in the first quarter of 2026, Verizon has reported Business revenue disaggregated by products and services as follows: Mobility and broadband service revenue, Wireless equipment revenue and Other revenue. Prior period operating revenue results have been recast to conform to the current period presentation. There was no change to the composition of our reportable segments and total segment results, nor to the determination of segment profit.

In the second quarter of 2026, the net assets representing Verizon's international wireline connectivity and managed network services business were classified as assets and liabilities held for sale and moved from the Business segment to Corporate and other. Where applicable, historical segment results have been reclassified to conform to the current period presentation.

Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Total Operating Statistics

Unaudited 9/30/26 9/30/25 % Change

Connections (‘000)

Wireless retail 147,098 146,119 0.7

Wireless retail postpaid 126,831 125,913 0.7

Wireless retail postpaid phone 94,517 93,246 1.4

Wireless retail core prepaid(1)

19,337 19,062 1.4

Wireless retail core prepaid phone(1)

18,603 18,506 0.5

Fiber broadband 11,068 7,674 44.2

FWA broadband 6,369 5,391 18.1

Total broadband(2)

17,437 13,065 33.5

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 %

Change 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25 %

Change

Net Additions Detail (‘000)

Wireless retail 166 2 * 273 114 *

Wireless retail postpaid 231 36 * 223 32 *

Wireless retail postpaid phone 406 44 * 645 (254) *

Wireless retail core prepaid(1)

(12) 47 * 176 234 (24.8)

Wireless retail core prepaid phone(1)

(52) 14 * 42 148 (71.6)

Fiber broadband 155 61 * 437 138 *

FWA broadband 159 261 (39.1) 566 847 (33.2)

Total broadband(2)

314 322 (2.5) 1,003 985 1.8

Account Statistics

Wireless retail postpaid accounts (‘000)(3)

34,471 34,470 *

Wireless retail postpaid ARPA(4)

$ 168.08 $ 171.27 (1.9) $ 167.49 $ 170.62 (1.8)

Wireless retail core prepaid ARPU(5)

$ 33.51 $ 32.70 2.5 $ 33.40 $ 32.40 3.1

Churn Detail

Wireless retail postpaid phone 0.94 % 0.98 % 0.94 % 0.97 %

Wireless retail core prepaid(1)

3.80 % 3.73 % 3.62 % 3.60 %

Wireless Retail Postpaid Connection Statistics

Upgrade rate 2.6 % 3.3 %

Footnotes:

(1) Represents total prepaid results excluding our SafeLink brand.

(2) Total broadband excludes solutions provided over a traditional copper-based network.

(3) Statistic presented as of end of period.

(4) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.

(5) Wireless retail core prepaid ARPU - average service revenue per unit from retail prepaid connections excluding our SafeLink brand.

Where applicable, the operating results reflect certain adjustments, including those related to migration activity among different types of devices and plans, customer profile changes, product-related changes and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.

* Not meaningful

Verizon Communications Inc.

Non-GAAP Reconciliations - Consolidated Verizon

Consolidated EBITDA and Consolidated Adjusted EBITDA

(dollars in millions)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 6/30/26 3 Mos. Ended 3/31/26 3 Mos. Ended 12/31/25 3 Mos. Ended 9/30/25 3 Mos. Ended 6/30/25 3 Mos. Ended 3/31/25

Consolidated Net Income $ 5,320 $ 3,949 $ 5,146 $ 2,448 $ 5,056 $ 5,121 $ 4,983

Add:

Provision for income taxes 1,497 1,325 1,638 615 1,471 1,488 1,490

Interest expense(1)

1,950 1,985 1,940 1,759 1,664 1,639 1,632

Depreciation and amortization expense(2)

5,095 5,008 4,892 4,519 4,618 4,635 4,577

Consolidated EBITDA $ 13,862 $ 12,267 $ 13,616 $ 9,341 $ 12,809 $ 12,883 $ 12,682

Add/(subtract):

Other (income) expense, net(3)

$ (120) $ (36) $ (477) $ 185 $ (92) $ (79) $ (121)

Equity in (earnings) losses of unconsolidated businesses 3 (44) (5) (3) 6 3 (6)

Severance charges — 397 — 1,715 — — —

Acquisition and integration related charges 57 135 261 39 52 — —

Asset and business rationalization — 258 — 583 — — —

Loss on disposition of business — 746 — — — — —

(60) 1,456 (221) 2,519 (34) (76) (127)

Consolidated Adjusted EBITDA $ 13,802 $ 13,723 $ 13,395 $ 11,860 $ 12,775 $ 12,807 $ 12,555

Consolidated Operating Revenues $34,313 $33,821

Consolidated Net Income Margin 15.5 % 14.9 %

Consolidated Adjusted EBITDA Margin 40.2 % 37.8 %

Consolidated Adjusted EBITDA - Year over year change % 8.0 %

Footnotes:

(1) Includes a portion of the Acquisition and integration related charges, where applicable.

(2) Includes Amortization of acquisition-related intangible assets.

(3) Includes Pension and benefits remeasurement adjustments, where applicable.

Verizon Communications Inc.

Consolidated EBITDA and Consolidated Adjusted EBITDA (LTM)

(dollars in millions)

Unaudited 12 Mos. Ended 9/30/26 12 Mos. Ended 12/31/25

Consolidated Net Income $ 16,863 $ 17,608

Add:

Provision for income taxes 5,075 5,064

Interest expense(1)

7,634 6,694

Depreciation and amortization expense(2)

19,514 18,349

Consolidated EBITDA $ 49,086 $ 47,715

Add/(subtract):

Other income, net(3)

$ (448) $ (107)

Equity in (earnings) losses of unconsolidated businesses (49) —

Severance charges 2,112 1,715

Acquisition and integration related charges 492 91

Asset and business rationalization 841 583

Loss on disposition of business 746 —

3,694 2,282

Consolidated Adjusted EBITDA $ 52,780 $ 49,997

Footnotes:

(1) Includes a portion of the Acquisition and integration related charges, where applicable.

(2) Includes Amortization of acquisition-related intangible assets.

(3) Includes Pension and benefits remeasurement adjustments, where applicable.

Verizon Communications Inc.

Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio

(dollars in millions)

Unaudited 9/30/26 6/30/26 12/31/25

Debt maturing within one year $ 23,889 $ 21,783 $ 18,618

Long-term debt 142,344 143,448 139,532

Total Debt 166,233 165,231 158,150

Less: Secured debt 30,138 28,760 27,067

Unsecured Debt 136,095 136,471 131,083

Less: Equity credit for junior subordinated notes(1)

7,879 6,037 1,982

Less: Cash and cash equivalents 4,495 1,752 19,048

Net Unsecured Debt

$ 123,721 $ 128,682 $ 110,053

Consolidated Net Income (LTM) $ 16,863 $ 17,608

Unsecured Debt to Consolidated Net Income Ratio 8.1 x 7.4 x

Consolidated Adjusted EBITDA (LTM) $ 52,780 $ 49,997

Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio 2.3 x 2.2 x

Footnote:

(1) Represents a fifty percent equity credit related to junior subordinated notes outstanding.

Adjusted Earnings per Common Share (Adjusted EPS)

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25

Pre-tax Tax After-Tax Pre-tax Tax After-Tax

EPS $ 1.25 $ 1.17

Amortization of acquisition-related intangible assets $ 289 $ (72) $ 217 0.05 $ 189 $ (48) $ 141 0.03

Acquisition and integration related charges

57 (2) 55 0.01 52 — 52 0.01

$ 346 $ (74) $ 272 $ 0.07 $ 241 $ (48) $ 193 $ 0.05

Adjusted EPS $ 1.31 $ 1.21

Year over year change %

8.3 %

Footnote:

Adjusted EPS may not add due to rounding.

Free Cash Flow

(dollars in millions)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25

Net Cash Provided by Operating Activities $ 11,517 $ 11,266 $ 29,936 $ 28,023

Capital expenditures (including capitalized software) (3,716) (4,310) (11,926) (12,263)

Free Cash Flow $ 7,801 $ 6,956 $ 18,010 $ 15,760

Year over year change % 12.1 % 14.3 %

Verizon Communications Inc.

Free Cash Flow

(dollars in millions)

Unaudited 12 Mos. Ended 12/31/25 12 Mos. Ended 12/31/24 12 Mos. Ended 12/31/23 12 Mos. Ended 12/31/22 12 Mos. Ended 12/31/21 12 Mos. Ended 12/31/20

Net Cash Provided by Operating Activities $ 37,137 $ 36,912 $ 37,475 $ 37,141 $ 39,539 $ 41,768

Capital expenditures (including capitalized software) (17,011) (17,090) (18,767) (23,087) (20,286) (18,192)

Free Cash Flow $ 20,126 $ 19,822 $ 18,708 $ 14,054 $ 19,253 $ 23,576

Free Cash Flow Forecast for Full Year 2026

(dollars in millions)

Updated Previous

Unaudited

Forecast

Net Cash Provided by Operating Activities Forecast $ 38,440 - 39,040 $ 37,940 - 38,640

Capital expenditures forecast (including capitalized software) (16,000 - 16,500) (16,000 - 16,500)

Free Cash Flow Forecast $ 22,440 - 22,540 $ 21,940 - 22,140

Net Cash Provided by Operating Activities Growth Forecast % 3.5 % - 5.1 % 2.2 % - 4.0 %

Free Cash Flow Growth Forecast %

11.5 % - 12.0 % 9.0 % - 10.0 %

Verizon Communications Inc.

Non-GAAP Reconciliations - Segments

Segment EBITDA and Segment EBITDA Margin

Consumer

(dollars in millions)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25

Operating Income $ 8,093 $ 7,664 $ 23,839 $ 22,731

Add: Depreciation and amortization expense 3,872 3,568 11,389 10,693

Segment EBITDA $ 11,965 $ 11,232 $ 35,228 $ 33,424

Year over year change % 6.5 % 5.4 %

Total operating revenues $ 26,432 $ 26,105 $ 79,127 $ 78,371

Operating Income Margin 30.6 % 29.4 % 30.1 % 29.0 %

Segment EBITDA Margin 45.3 % 43.0 % 44.5 % 42.6 %

Business

(dollars in millions)

Unaudited 3 Mos. Ended 9/30/26 3 Mos. Ended 9/30/25 9 Mos. Ended 9/30/26 9 Mos. Ended 9/30/25

Operating Income $ 855 $ 716 $ 2,802 $ 2,186

Add: Depreciation and amortization expense 1,086 1,002 3,226 2,989

Segment EBITDA $ 1,941 $ 1,718 $ 6,028 $ 5,175

Year over year change % 13.0 % 16.5 %

Total operating revenues $ 7,023 $ 6,843 $ 21,308 $ 20,818

Operating Income Margin 12.2 % 10.5 % 13.1 % 10.5 %

Segment EBITDA Margin 27.6 % 25.1 % 28.3 % 24.9 %

Footnote:

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v3.26.3

Cover

Oct. 26, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Oct. 26, 2026

Entity Registrant Name

Verizon Communications Inc.

Entity Incorporation, State or Country Code

Entity File Number

1-8606

Entity Tax Identification Number

23-2259884

Entity Address, Address Line One

1095 Avenue of the Americas

Entity Address, City or Town

New York,

Entity Address, State or Province

Entity Address, Postal Zip Code

10036

City Area Code

212

Local Phone Number

395-1000

Entity Information, Former Legal or Registered Name

Not Applicable

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

0000732712

Amendment Flag

false

1.375% Notes due 2026

Entity Information [Line Items]

Title of 12(b) Security

1.375% Notes due 2026

Trading Symbol

VZ 26B

Security Exchange Name

NYSE

0.875% Notes due 2027

Entity Information [Line Items]

Title of 12(b) Security

0.875% Notes due 2027

Trading Symbol

VZ 27E

Security Exchange Name

NYSE

1.375% Notes due 2028

Entity Information [Line Items]

Title of 12(b) Security

1.375% Notes due 2028

Trading Symbol

VZ 28

Security Exchange Name

NYSE

1.125% Notes Due 2028

Entity Information [Line Items]

Title of 12(b) Security

1.125% Notes due 2028

Trading Symbol

VZ 28A

Security Exchange Name

NYSE

2.350% Fixed Rate Notes Due 2028

Entity Information [Line Items]

Title of 12(b) Security

2.350% Fixed Rate Notes due 2028

Trading Symbol

VZ 28C

Security Exchange Name

NYSE

1.875% Notes due 2029

Entity Information [Line Items]

Title of 12(b) Security

1.875% Notes due 2029

Trading Symbol

VZ 29B

Security Exchange Name

NYSE

0.375% Notes Due 2029

Entity Information [Line Items]

Title of 12(b) Security

0.375% Notes due 2029

Trading Symbol

VZ 29D

Security Exchange Name

NYSE

1.250% Notes due 2030

Entity Information [Line Items]

Title of 12(b) Security

1.250% Notes due 2030

Trading Symbol

VZ 30

Security Exchange Name

NYSE

1.875% Notes due 2030

Entity Information [Line Items]

Title of 12(b) Security

1.875% Notes due 2030

Trading Symbol

VZ 30A

Security Exchange Name

NYSE

Notes Due 2030, 4.250%

Entity Information [Line Items]

Title of 12(b) Security

4.250% Notes due 2030

Trading Symbol

VZ 30D

Security Exchange Name

NYSE

2.625% Notes due 2031

Entity Information [Line Items]

Title of 12(b) Security

2.625% Notes due 2031

Trading Symbol

VZ 31

Security Exchange Name

NYSE

2.500% Notes due 2031

Entity Information [Line Items]

Title of 12(b) Security

2.500% Notes due 2031

Trading Symbol

VZ 31A

Security Exchange Name

NYSE

3.000% Fixed Rate Notes Due 2031

Entity Information [Line Items]

Title of 12(b) Security

3.000% Fixed Rate Notes due 2031

Trading Symbol

VZ 31D

Security Exchange Name

NYSE

0.875% Notes due 2032

Entity Information [Line Items]

Title of 12(b) Security

0.875% Notes due 2032

Trading Symbol

VZ 32

Security Exchange Name

NYSE

0.750% Notes Due 2032

Entity Information [Line Items]

Title of 12(b) Security

0.750% Notes due 2032

Trading Symbol

VZ 32A

Security Exchange Name

NYSE

3.500% Notes Due 2032

Entity Information [Line Items]

Title of 12(b) Security

3.500% Notes due 2032

Trading Symbol

VZ 32B

Security Exchange Name

NYSE

3.250% Notes Due 2032

Entity Information [Line Items]

Title of 12(b) Security

3.250% Notes due 2032

Trading Symbol

VZ 32C

Security Exchange Name

NYSE

1.300% Notes due 2033

Entity Information [Line Items]

Title of 12(b) Security

1.300% Notes due 2033

Trading Symbol

VZ 33B

Security Exchange Name

NYSE

Notes Due 2034, 4.75%

Entity Information [Line Items]

Title of 12(b) Security

4.75% Notes due 2034

Trading Symbol

VZ 34

Security Exchange Name

NYSE

4.750% Notes due 2034

Entity Information [Line Items]

Title of 12(b) Security

4.750% Notes due 2034

Trading Symbol

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NYSE

3.125% Notes due 2035

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NYSE

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NYSE

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NYSE

1.850% Notes Due 2040

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NYSE

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VZ 41C

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NYSE

3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

Entity Information [Line Items]

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3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

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VZ 56

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NYSE

5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

Entity Information [Line Items]

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5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

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NYSE

4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes Due 2056

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4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

Trading Symbol

VZ 56B

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NYSE

5.7427% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

Entity Information [Line Items]

Title of 12(b) Security

5.7427% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

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VZ 56C

Security Exchange Name

NYSE

New York Stock Exchange | Common Stock

Entity Information [Line Items]

Title of 12(b) Security

Common Stock, par value $0.10

Trading Symbol

Security Exchange Name

NYSE

The NASDAQ Global Select Market | Common Stock

Entity Information [Line Items]

Title of 12(b) Security

Common Stock, par value $0.10

Trading Symbol

Security Exchange Name

NASDAQ

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