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Verizon Communications VZ Q2 2026 earnings

Reported July 24, 2026 · Before market open

Revenue$34.3BMiss by $909.0M
Adjusted EPS$1.30Beat by $0.03
Revenue estimate$35.2B
EPS estimate$1.27
“With recent updates including our new Simplicity plans, Verizon One converged offerings, and an industry-leading loyalty program, we are gaining subscribers and earning long-term retention based on real value rather than subsidized promotions. Our second-quarter results provide clear, compelling evidence that this transformation is driving a structural inflection point across our entire business. We are accelerating across our key metrics, achieving a step-change in churn reduction while lowering our customer acquisition and retention costs. By compounding lower churn with healthier unit economics, we have generated the strongest operating position we have seen in years. Our core connectivity business is gaining momentum, and with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon's growth trajectory.”
Dan Schulman

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 26, 2026 (In 3 weeks)
Revenue estimate$34.8B
EPS estimate$1.28

Financials

Q2 2026

Income statement

See full
Revenue$34.3B-0.7%
Operating income$7.2B-12.2%
Net income$3.8B-23.3%
EPS (diluted)$0.92-22.0%

Balance sheet

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Cash & equivalents$1.8B-55.4%
Total debt$45.0B-73.5%
Total equity$105.20B+0.8%
Total assets$410.19B+7.0%

Cash flow

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Operating cash flow$10.4B+16.3%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$191.04B+4.4%
Enterprise value$234.29B-32.1%
P/E11.8×+2.6×
P/S1.4×0.0×

Profitability

See full
Operating margin20.5%-1.0pp
Net margin11.6%-1.6pp

Returns & leverage

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Return on equity15.4%-2.6pp
Debt / equity0.4×-1.2×
Current ratio0.6×0.0×

FAQ

When did Verizon Communications report Q2 2026 earnings?
Verizon Communications (VZ) reported Q2 2026 earnings on July 24, 2026 before market open.
What were Verizon Communications's Q2 2026 revenue and EPS?
Verizon Communications reported revenue of $34.3B and adjusted eps of $1.30 for Q2 2026.
Did Verizon Communications beat estimates in Q2 2026?
Revenue missed the consensus estimate of $35.2B by $909.0M. EPS beat the consensus estimate of $1.27 by $0.03.
How did Verizon Communications's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.7% from $34.5B a year earlier.
Where can I find Verizon Communications's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000732712-26-000040) and the 10-Q periodic report (0000732712-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.