Filing Flows › Verizon Communications (VZ) › Q3 2026
Verizon Communications (VZ) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Verizon Communications (VZ) reported revenue of $34.3B for the third quarter 2026 (Q3 2026), +1% from a year earlier and +0.2% from the quarter before. Operating margin was 25.2%, net earnings $5.2B (15.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.3B | +0.2% | +1% |
| Operating profit | $8.7B | +20% | +7% |
| Net earnings | $5.2B | +36% | +5% |
| Operating cash flow | $11.5B | +10% | +2% |
| Free cash flow | $7.8B | — | +12% |
What changed
Revenue was $34.3B in Q3 2026, up 1% year over year and roughly flat from the previous quarter. Service revenues and other was the largest line at 85% of revenue. Service revenues and other added $1.0B year over year (up 4%), 202% of the total change. Wireless equipment declined 9%.
Operating profit was $8.7B, a 25.2% margin (up 1.2 points year over year). Of the extra revenue versus Q3 2025, 111% reached operating profit, above the 24% margin then. Total costs fell 0% while revenue rose 1%. Net earnings were $5.2B, up 5% year over year. The effective tax rate was 22.0%.
Operating cash flow was $11.5B (up 2% year over year), 216% of net income including minority interests. Non-cash charges added back $5.1B of depreciation and amortization. Working capital and other items added $1.1B. After capital expenditures (including capitalized software) ($3.7B), free cash flow as the company reports it was $7.8B.
Questions
What was Verizon Communications' revenue in the third quarter 2026?
Verizon Communications (VZ) reported revenue of $34.3B for the third quarter 2026 (Q3 2026), +1% from a year earlier and +0.2% from the quarter before.
Was Verizon Communications profitable in the third quarter 2026?
Operating profit was $8.7B (25.2% of revenue) and net earnings $5.2B.