Summary
Verizon Communications Inc. reported solid performance for the fiscal year ended December 31, 2025, with consolidated operating revenues increasing by 2.5% to $138.19 billion. This growth was primarily driven by a robust 3.8% increase in the Consumer segment's revenue, reaching $106.8 billion, largely fueled by growth in wireless service and equipment revenue. The Business segment saw a slight 1.6% decrease in revenue to $29.1 billion, impacted by declines in its Enterprise and Public Sector, and Wholesale divisions, though offset by growth in the Business Markets and Other category. The company also highlighted its ongoing network evolution, including the continued deployment of 5G and fiber technologies, and the completion of strategic acquisitions in early 2026, namely Frontier Communications and Starry Group Holdings. These acquisitions are expected to enhance Verizon's broadband capabilities and expand its fiber footprint. Despite these strategic investments, Verizon maintained strong free cash flow of $20.1 billion for the year, demonstrating operational efficiency and financial discipline. Looking ahead, Verizon remains focused on its strategic growth areas of mobility and broadband, with planned capital expenditures between $16.0 billion and $16.5 billion for 2026. The company also reaffirmed its commitment to returning capital to shareholders, announcing a new $25 billion share repurchase program and a dividend increase, underscoring its confidence in future performance and shareholder value creation.
Financial Highlights
49 data points| Revenue | $138.19B |
| SG&A Expenses | $33.82B |
| Operating Expenses | $108.93B |
| Operating Income | $29.26B |
| Net Income | $17.61B |
| EPS (Basic) | $4.06 |
| EPS (Diluted) | $4.06 |
| Shares Outstanding (Basic) | 4.23B |
| Shares Outstanding (Diluted) | 4.23B |
Key Highlights
- 1Consolidated operating revenues increased 2.5% to $138.19 billion in 2025, driven by strong Consumer segment performance.
- 2The Consumer segment's revenue grew 3.8% to $106.8 billion, primarily due to increases in wireless service and equipment revenue.
- 3The Business segment revenue decreased 1.6% to $29.1 billion, influenced by declines in Enterprise and Public Sector, and Wholesale, but saw growth in Business Markets and Other.
- 4Free cash flow reached $20.1 billion for the year, indicating strong operational cash generation.
- 5Verizon completed significant acquisitions of Frontier Communications and Starry Group Holdings in early 2026, aimed at expanding its broadband and fiber capabilities.
- 6The company announced a new $25 billion share repurchase program and a dividend increase, demonstrating confidence in future financial health and commitment to shareholder returns.
- 7Capital expenditures for 2026 are projected to be between $16.0 billion and $16.5 billion, focused on network expansion and technology upgrades.