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Verizon Communications VZ Service — Operating Revenues

Other product segments

Wireless service
$20.6B-1.0%

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Other financials

Income statement

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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

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Market cap$195.23B+9.3%
Enterprise value$238.49B-30.8%
P/E12.1×+2.3×
P/S1.4×+0.1×

Profitability

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Gross margin82.3%
Operating margin20.5%-1.0pp
Net margin11.6%-1.6pp
FCF margin13.6%

Returns & leverage

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

Where this comes from

Reported directly by Verizon Communications in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

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
(dollars in millions)2026 / Consumer2026 / Business2026 / Total Reportable SegmentsThree Months Ended March 31, 2025 / ConsumerThree Months Ended March 31, 2025 / BusinessThree Months Ended March 31, 2025 / Total Reportable Segments
External Operating Revenues
Mobility and broadband service(1)$19,108$3,681$22,789$18,728$3,710$22,438
Wireless equipment4,8248575,6814,5328665,398
Other(2)2,4492,8745,3232,2852,7034,988
Intersegment revenues7277973780
Total Operating Revenues26,4537,41933,87225,6187,28632,904
Operating Expenses(3)
Cost of wireless equipment5,3031,2026,5054,9121,1946,106

Item 1. Financial Statements (Unaudited)

FAQ

What is Verizon Communications's service — operating revenues?
Verizon Communications (VZ) reported service — operating revenues of $22.79B in Q1 2026.
How has Verizon Communications's service — operating revenues changed year-over-year?
Verizon Communications's service — operating revenues increased by 1.6% year-over-year, from $22.44B to $22.79B.
What is the long-term trend for Verizon Communications's service — operating revenues?
Over 4 years (2021 to 2025), Verizon Communications's service — operating revenues has grown at a 5.2% compound annual growth rate (CAGR), from $67.72B to $83.06B.
What does service — operating revenues mean?
This metric measures the total gross income generated specifically from the company's service segment, including wireless subscriptions and fixed-line broadband offerings. It serves as a primary indicator of the company's ability to monetize its network infrastructure and customer base. Growth in this area reflects successful customer acquisition, retention, and effective pricing strategies within the competitive telecommunications market.

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