Verizon Communications Inc. (NYSE: VZ) reported fourth-quarter and full-year 2025 monetary outcomes on January 30, 2026. The corporate reported greater than 1 million whole internet additions throughout mobility and broadband in This fall 2025, marking the very best quarterly internet additions since 2019.
Market Capitalization
Verizon had a market capitalization of roughly $164-168 billion as of January 30, 2026.
This fall 2025 Outcomes
Verizon reported consolidated whole working income of $36.4 billion for This fall 2025, representing 2.0% year-over-year development. Wi-fi service income was $21.0 billion, up 1.1% year-over-year. Wi-fi gear income was $8.2 billion, up 9.1% year-over-year.
Consolidated internet earnings for This fall 2025 was $2.4 billion. Consolidated adjusted EBITDA was $11.9 billion, representing an adjusted EBITDA margin of 32.6%.
The corporate reported 616,000 postpaid telephone internet additions in This fall 2025, up from 504,000 in This fall 2024. Broadband internet additions totaled 372,000, together with 319,000 mounted wi-fi entry internet additions and 67,000 Fios web internet additions.
Full-Yr 2025 Outcomes
For full-year 2025, Verizon reported consolidated whole working income of $138.2 billion, in comparison with $134.8 billion in 2024, representing 2.5% year-over-year development. Complete wi-fi service income for the complete yr was $83.7 billion, up 2.0% year-over-year.
Consolidated internet earnings for full-year 2025 was $17.6 billion. Consolidated adjusted EBITDA was $50.0 billion. Money move from working actions was $37.1 billion, in comparison with $36.9 billion in 2024. Free money move was $20.1 billion, in comparison with $19.8 billion in 2024. Capital expenditures totaled $17.0 billion in 2025.
Quarterly Complete Income Development
3-Month Buying and selling Quantity Development
Enterprise and Operations Replace
The corporate reported 5.7 million mounted wi-fi entry subscribers on the finish of This fall 2025. Fios web internet additions of 67,000 in This fall 2025 marked the very best fourth-quarter internet additions since 2020.
Strategic Developments
Verizon amended and modernized its long-term Cellular Digital Community Operator (MVNO) settlement with Constitution and Comcast. The corporate introduced a share repurchase program of as much as $25 billion over the following three years, with not less than $3 billion in 2026.
Verizon additionally introduced a dividend improve of two.5% ($0.07 per share), payable in Might 2026, marking the twentieth consecutive yr of dividend will increase.
Steering and Outlook
For 2026, Verizon issued the next steerage: whole retail postpaid telephone internet additions of 750,000 to 1.0 million; whole mobility and broadband service income development of two.0% to three.0% (roughly $93 billion); capital expenditures of $16.0 billion to $16.5 billion, together with not less than 2.0 million fiber passings.
The corporate expects free money move of $21.5 billion or extra in 2026, representing roughly 7% or extra development from 2025. Money move from operations is predicted to be $37.5 billion to $38.0 billion. The 2026 steerage contains outcomes from Frontier Communications from the January 20, 2026 cut-off date.
Efficiency Abstract
Verizon reported This fall 2025 whole working income of $36.4 billion, up 2.0% year-over-year. Full-year 2025 whole working income was $138.2 billion. Consolidated internet earnings was $2.4 billion for the quarter and $17.6 billion for the complete yr. The corporate added 616,000 postpaid telephone subscribers in This fall, the very best since 2019. The Frontier acquisition closed on January 20, 2026, increasing Verizon’s fiber footprint to over 30 million houses and companies.
Commercial
