VZ
Verizon Communications Inc.40.75
-0.05-0.12%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details churn math, CapEx cuts
Q&A unpacked churn drivers, quantifying each basis point at 90,000 postpaid net adds—past hikes lifted churn 25 bps, costing 2.25 million adds and $3 billion revenue yearly—while stressing convergence and experience fixes over promos for 750,000-1 million 2026 target. CapEx efficiencies targeted non-core legacy cuts like copper and wireline, halting $1-1.5 billion annual losses without growth harm. Fiber ambition rose to 40-50 million passings via Frontier, Tillman, Starry. Responses to CLV and flat wireless revenue queries reaffirmed quality adds, $5 billion OpEx savings including 13,000 workforce reductions, and doubled Frontier synergies. Churn math matters most. Watch net add durability.
Key Stats
Market Cap
171.82BP/E (TTM)
8.69Basic EPS (TTM)
4.69Dividend Yield
0.07%Recent Filings
8-K
Verizon updates segment reporting
Verizon revised its Q1 2026 revenue reporting for Consumer and Business segments, now splitting into mobility/broadband service, wireless equipment, and other revenue; it will disclose operating metrics only on a consolidated basis going forward. Exhibit 99 recasts 2025 results, showing Consumer revenues at $106.8B and Business at $29.1B for the year. Metrics consolidated. Investors get cleaner segment visibility.
8-K
Verizon closes €2.25B, £600M notes
10-K
FY2025 results
Verizon delivered FY2025 revenues of $138.2B, up 2.5% y/y, driven by Consumer's 3.8% growth to $106.8B on stronger wireless service and 11% equipment sales surge from 16% upgrade volume increase, while Business dipped 1.6% to $29.1B amid Enterprise wireline weakness. Q4 momentum shone in Consumer FWA connections hitting 3.4M (up 25.5% y/y) and postpaid phone net adds of 137K, yet postpaid connections fell sequentially; Business FWA grew to 2.3M but overall postpaid adds slowed 72% y/y. Operating income rose to $29.3B; free cash flow hit $20.1B. Debt stands at $158B with $19B cash. Q4 workforce cuts exceeded 13K. Business unit impairments loom from wireline erosion.
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