Filing Flows › Verizon Communications (VZ) › Q1 2026
Verizon Communications (VZ) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Verizon Communications (VZ) reported revenue of $34.4B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -5% from the quarter before. Operating margin was 23.9%, net earnings $5.0B (14.6% of revenue).
Verizon Communications, Q1 2026: revenue $34.4B (+3% year over year), operating margin 23.9%, net earnings $5.0B, operating cash flow $8.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.4B | -5% | +3% |
| Operating profit | $8.2B | +65% | +3% |
| Net earnings | $5.0B | +115% | +3% |
| Operating cash flow | $8.0B | -12% | +3% |
| Free cash flow | $3.8B | — | +4% |
What changed
Revenue was $34.4B in Q1 2026, up 3% year over year and down 5% from the previous quarter. Service revenues and other was the largest line at 84% of revenue. Service revenues and other added $0.67B year over year (up 2%), 70% of the total change.
Operating profit was $8.2B, a 23.9% margin (up 0.1 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 24% margin then. Total costs grew 3% against revenue growth of 3%. Net earnings were $5.0B, up 3% year over year. The effective tax rate was 24.1%.
Operating cash flow was $8.0B (up 3% year over year), 155% of net earnings. Non-cash charges added back $4.9B of depreciation and amortization. Working capital and other items used $2.1B. After capital expenditures (including capitalized software) ($4.2B), free cash flow as the company reports it was $3.8B.
Questions
What was Verizon Communications' revenue in the first quarter 2026?
Verizon Communications (VZ) reported revenue of $34.4B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -5% from the quarter before.
Was Verizon Communications profitable in the first quarter 2026?
Operating profit was $8.2B (23.9% of revenue) and net earnings $5.0B.