Form 10-Q · Quarterly report
Verizon 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0000732712
- Accession no.
- 0000732712-26-000052
Summary
Verizon reported third-quarter 2026 consolidated operating revenues of $34.3 billion, up 1.5% from a year earlier, with nine-month revenues of $103.0 billion, up 1.2%, driven by growth in its Consumer and Business segments. The company said nine-month capital expenditures totaled $11.9 billion and that full-year 2026 capital spending is expected to be $16.0 billion to $16.5 billion, and it cited higher personnel and facility costs following its acquisition of Frontier Communications.
Key points
- Consumer segment revenue was $26.4 billion in the quarter, up 1.3%, and Business segment revenue was $7.0 billion, up 2.6%.
- Cost of services rose 5.9% in the quarter, including a $292 million increase in personnel costs attributed to higher headcount after the Frontier acquisition.
- Verizon classified the net assets of its international wireline connectivity and managed network services business as held for sale in the second quarter of 2026, moving them from the Business segment to Corporate and other.
- Beginning in the first quarter of 2026, Verizon reports segment revenue disaggregated into mobility and broadband service, wireless equipment, and other revenue, and reports operating metrics only on a consolidated basis.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Verizon Communications Inc. (the Company) is a holding company that, acting through its subsidiaries (together with the Company, collectively, Verizon), is one of the world's leading providers of communications, technology, information and streaming products and services to consumers, businesses and government entities. With a presence around the world, we offer data, video and voice services and solutions on our networks and platforms that are designed to meet customers’ demand for mobility, reliable network connectivity and security. …
An excerpt of the text as filed with the SEC, cut for length.
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