Filing Flows › Verizon Communications (VZ) › Q2 2026
Verizon Communications (VZ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Verizon Communications (VZ) reported revenue of $34.3B for the second quarter 2026 (Q2 2026), -0.7% from a year earlier and -0.5% from the quarter before. Operating margin was 21.0%, net earnings $3.8B (11.2% of revenue).
Verizon Communications, Q2 2026: revenue $34.3B (-0.7% year over year), operating margin 21.0%, net earnings $3.8B, operating cash flow $10.4B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.3B | -0.5% | -0.7% |
| Operating profit | $7.2B | -13% | -12% |
| Net earnings | $3.8B | -24% | -23% |
| Operating cash flow | $10.4B | +31% | +16% |
| Free cash flow | $6.4B | — | +24% |
What changed
Revenue was $34.3B in Q2 2026, down 1% year over year and down 1% from the previous quarter. Service revenues and other was the largest line at 85% of revenue. Wireless equipment lost $1.2B year over year (down 20%), 490% of the total change.
Operating profit was $7.2B, a 21.0% margin (down 2.7 points year over year). Total costs grew 3% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+15%). Net earnings were $3.8B, down 23% year over year. The effective tax rate was 25.1%.
Operating cash flow was $10.4B (up 16% year over year), 264% of net income including minority interests. Non-cash charges added back $5.0B of depreciation and amortization. Working capital and other items added $1.5B. After capital expenditures (including capitalized software) ($4.0B), free cash flow as the company reports it was $6.4B.
Questions
What was Verizon Communications' revenue in the second quarter 2026?
Verizon Communications (VZ) reported revenue of $34.3B for the second quarter 2026 (Q2 2026), -0.7% from a year earlier and -0.5% from the quarter before.
Was Verizon Communications profitable in the second quarter 2026?
Operating profit was $7.2B (21.0% of revenue) and net earnings $3.8B.