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Verizon Communications VZ Product Trade-in — Contract with Customer, Liability
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Where this comes from
Reported directly by Verizon Communications in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: Verizon Communications’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 10:05 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000732712-26-000023
We may offer certain promotions that allow a customer to trade in their owned device in connection with the purchase of a new device. Under these types of promotions, the customer receives a credit for the value of the trade-in device. At March 31, 2026 and December 31, 2025, the amount of trade-in liability was $305 million and $332 million, respectively.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Verizon Communications's product trade-in — contract with customer, liability?
- Verizon Communications (VZ) reported product trade-in — contract with customer, liability of $305M in Q1 2026.
- How has Verizon Communications's product trade-in — contract with customer, liability changed year-over-year?
- Verizon Communications's product trade-in — contract with customer, liability decreased by 6.2% year-over-year, from $325M to $305M.
- What is the long-term trend for Verizon Communications's product trade-in — contract with customer, liability?
- Over 3 years (2021 to 2025), Verizon Communications's product trade-in — contract with customer, liability has grown at a 15.8% compound annual growth rate (CAGR), from $836M to $1.3B.
- What does product trade-in — contract with customer, liability mean?
- This metric represents the financial obligation recognized when a customer trades in a device as part of a service contract agreement. It reflects the deferred revenue or liability associated with the fair value of the traded-in device that will be applied against future service or equipment payments. This liability is critical for understanding the net cost of customer acquisition and the timing of revenue recognition in wireless service contracts.
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