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Verizon Communications VZ Wireless equipment — 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, except per share amounts) (unaudited)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Operating Revenues
Service revenues and other$28,759$28,087
Wireless equipment revenues5,6815,398
Total Operating Revenues34,44033,485
Operating Expenses
Cost of services (exclusive of items shown below)7,1676,950
Cost of wireless equipment6,5066,106
Selling, general and administrative expense7,6337,874

Item 1. Financial Statements (Unaudited)

FAQ

What is Verizon Communications's wireless equipment — operating revenues?
Verizon Communications (VZ) reported wireless equipment — operating revenues of $5.68B in Q1 2026.
How has Verizon Communications's wireless equipment — operating revenues changed year-over-year?
Verizon Communications's wireless equipment — operating revenues increased by 5.2% year-over-year, from $5.4B to $5.68B.
What is the long-term trend for Verizon Communications's wireless equipment — operating revenues?
Over 4 years (2021 to 2025), Verizon Communications's wireless equipment — operating revenues has grown at a 2.4% compound annual growth rate (CAGR), from $23.16B to $25.47B.
What does wireless equipment — operating revenues mean?
This metric represents the total revenue generated from the sale of mobile devices, accessories, and related hardware to wireless customers. It reflects the company's ability to monetize device upgrades and attract new subscribers through hardware offerings. This revenue stream is a critical component of the broader wireless segment's top-line performance.

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