Filing Flows › Verizon Communications (VZ) › Operating margin
Verizon Communications (VZ) operating margin by quarter
Verizon Communications' operating margin was 25.2% in Q3 2026 (third quarter 2026), +4.3 pts from Q2 2026. Over the last 7 quarters it ranged from 13.8% (Q4 2025) to 25.2% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 25.2% | +4.3 pts | +1.2 pts |
| Q2 2026 | 21.0% | -3.0 pts | -2.7 pts |
| Q1 2026 | 23.9% | +10.2 pts | +0.1 pts |
| Q4 2025 | 13.8% | -10.2 pts | — |
| Q3 2025 | 24.0% | +0.3 pts | — |
| Q2 2025 | 23.7% | -0.1 pts | — |
| Q1 2025 | 23.8% | — | — |
Q3 2026 at a glance
Verizon Communications, Q3 2026: revenue $34.3B (+2% year over year), operating margin 25.2%, net earnings $5.2B, operating cash flow $11.5B. The chart follows the revenue to costs, profit and cash.
Questions
What is Verizon Communications' operating margin?
Verizon Communications' operating margin was 25.2% in Q3 2026 (third quarter 2026), +4.3 pts from Q2 2026.
How has Verizon Communications' operating margin changed?
Over the last 7 quarters it ranged from 13.8% (Q4 2025) to 25.2% (Q3 2026).
Q3 2026 results → · How Verizon Communications makes money →