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Verizon Communications vs Lumen Technologies: VZ and LUMN compared
Verizon Communications is the larger company: $34.3B of revenue in its latest quarter (Q3 2026) against $2.7B for Lumen Technologies (Q3 2026). Verizon Communications is growing faster (+2% against -12% a year earlier). Verizon Communications is more profitable, with an operating margin of 25.2% against -6.2%.
Where the money goes: VZ and LUMN
Verizon Communications (VZ) · Q3 2026
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.
Lumen Technologies (LUMN) · Q3 2026
Lumen Technologies, Q3 2026: revenue $2.7B (-12% year over year), operating margin -6.2%, net loss $265M, operating cash flow $518M. The chart follows the revenue to costs, profit and cash.
| Verizon Communications (VZ) | Lumen Technologies (LUMN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $34.3B | $2.7B |
| Revenue growth, Y/Y | +2% | -12% |
| Operating margin | 25.2% | -6.2% |
| Net earnings | $5.2B | −$265M |
| Net margin | 15.1% | -9.8% |
| Operating cash flow | $11.5B | $518M |
| Free cash flow | $7.8B | — |
| Market value | $190.1B | $4.0B |
| P/E | 11.6× | — |
| Analysts’ mean target | $50.65 | $7.13 |
Where the revenue comes from
Verizon Communications
- Service revenues and other: $29.2B (85%)
- Wireless equipment: $5.1B (15%)
Questions
Which is bigger, Verizon Communications or Lumen Technologies?
Verizon Communications is the larger company: $34.3B of revenue in its latest quarter (Q3 2026) against $2.7B for Lumen Technologies (Q3 2026).
Is Verizon Communications or Lumen Technologies growing faster?
Verizon Communications is growing faster (+2% against -12% a year earlier).
Which is more profitable, Verizon Communications or Lumen Technologies?
Verizon Communications is more profitable, with an operating margin of 25.2% against -6.2%.
More: Verizon Communications earnings · how Verizon Communications makes money · Lumen Technologies earnings · how Lumen Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.