Income StatementBalance SheetCash FlowSegments
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Verizon Communications Business Segments

Business, geographic, and product segment breakdowns

Verizon Communications generates $139.08B in annual revenue across 2 key segments: Business ($1.2B), and Consumer ($5.3B). The company-wide operating margin is 21.28%. Based on the Q2 2026 filing.

Business$1.2BConsumer$5.3B
Latest FilingQ2 2026
Report Date2026-04-27
Market Cap$201.89B
P/E Ratio11.55

Products & Services

Revenue, remaining performance obligation

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Customer Contracts that Have Contract Minimum over Total Contract Term$1.6B$1.5B$1.4B$1.3B$1.4B—

Customer contracts service term

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Fiber Broadband Services————$0.0—

Operating Revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Wireless service$20.8B$20.9B$21.0B$21.0B$20.6B—

Contract with Customer, Liability

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Product Trade-in$325.0M$342.0M$300.0M$332.0M$305.0M—

Cost of services and wireless equipment

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Service$7.0B$6.9B$6.9B$7.1B$7.2B—
Wireless equipment$6.1B$7.0B$6.5B$9.4B$6.5B—

Percentage of month-to-month contracts of total service contracts

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Wireless postpaid contracts95.0%95.0%95.0%95.0%95.0%—
Wireline Consumer And Business Markets And Other Contracts95.0%94.0%94.0%94.0%96.0%—

Business Segments

Acquisitions

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business————$1.8B—
Consumer————$6.0B—

Centrally managed network and shared service costs

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business$2.5B$2.4B$2.4B$2.4B$2.4B—
Consumer$4.5B$4.5B$4.5B$4.5B$4.4B—

Cost of services and equipment

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business$1.2B$1.2B$1.2B—$1.2B—
Consumer$4.9B$5.8B$5.3B—$5.3B—

Costs and Expenses

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business$6.6B$6.6B$6.5B$6.8B$6.5B—
Consumer$18.2B$19.0B$18.4B$21.5B$18.7B—

Depreciation and amortization expense

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business$1.0B$1.0B$1.0B$1.0B$1.1B—
Consumer$3.5B$3.6B$3.6B$3.5B$3.7B—

Goodwill

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business$1.7B$1.7B$1.7B$1.7B$3.4B—
Consumer$21.2B$21.2B$21.2B$21.2B$27.2B—

Goodwill accumulated impairment

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business———$5.8B——

Operating Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Consumer$7.4B$7.6B$7.7B$6.9B$7.7B$7.7B
Business$664.0M$638.0M$637.0M$593.0M$884.0M$884.0M

Operating Revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Consumer$25.6B$26.6B$26.1B$28.4B$26.5B$26.5B
Business$7.3B$7.3B$7.1B$7.4B$7.4B$7.4B

Other segment expenses

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business$1.9B$2.0B$1.9B$1.9B$1.8B—
Consumer$5.2B$5.2B$5.1B$5.6B$5.3B—

Verizon Business Group goodwill impairment

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Business———$0.0——
Consumer———$0.0——

Number of states in which wireline services are provided

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Consumer9.009.009.00—31.00—