Verizon Communications 8-K

Consumer and Business revenue recast into mobility/broadband service, wireless equipment and other; operating metrics shift to consolidated-only reporting.

Filed 2026-03-13 16:10 ET

Summary

Historical revenue and operating metrics recast for Verizon’s new reporting format. Beginning in Q1 2026, Consumer and Business revenue will be disaggregated into mobility and broadband service, wireless equipment, and other revenue. Verizon will disclose operating metrics only on a consolidated basis; the filing provides unaudited historical information through FY2025 in the revised presentation.

Key Figures

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY2025
Consumer mobility and broadband service revenue $18.8B $19.0B $19.1B $19.0B $75.9B
Consumer wireless equipment revenue $4.53B $5.37B $4.77B $7.11B $21.8B
Consumer other revenue $2.29B $2.28B $2.24B $2.30B $9.11B
Consumer total operating revenue $25.6B $26.6B $26.1B $28.4B $107B
Business mobility and broadband service revenue $3.72B $3.73B $3.74B $3.75B $14.9B
Business wireless equipment revenue $866M $886M $853M $1.09B $3.69B
Business other revenue $2.70B $2.66B $2.55B $2.53B $10.4B
Business total operating revenue $7.29B $7.28B $7.14B $7.37B $29.1B
  • FY2025 total broadband net additions were 1.37M: 1.17M FWA and 205k fiber. At 12/31/25, total broadband connections were 13.5M, including 5.73M FWA and 7.74M fiber.

Guidance

No guidance in this filing.

Investor Takeaways

  • Watch Verizon’s Q1 2026 reporting for the first results using the revised segment revenue categories and consolidated operating-metric disclosures.

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