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Verizon (VZ) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2026, Verizon Communications (VZ - Free Report) reported revenue of $34.25 billion, down 0.7% over the same period last year. EPS came in at $1.30, compared to $1.22 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $35.31 billion, representing a surprise of -3%. The company delivered an EPS surprise of +2.36%, with the consensus EPS estimate being $1.27.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Verizon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Retail postpaid ARPA: $168.35 versus the three-analyst average estimate of $162.64.
  • Wireless - Retail Prepaid Connections: 19.35 million versus the three-analyst average estimate of 19.34 million.
  • Churn rate - Total Wireless - Postpaid Phone: 0.9% versus 0.9% estimated by three analysts on average.
  • Wireless - Retail postpaid Connections: 126.62 million compared to the 126.72 million average estimate based on three analysts.
  • Operating Revenues- Wireless equipment revenues: $5.02 billion versus $6.16 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -19.7% change.
  • Operating Revenues- Service revenues and other: $29.23 billion versus the four-analyst average estimate of $29.06 billion. The reported number represents a year-over-year change of +3.5%.
  • Total reportable segments operating revenues: $34.25 billion versus the four-analyst average estimate of $34.98 billion.
  • Operating revenues- Consumer: $26.24 billion versus the four-analyst average estimate of $27.38 billion. The reported number represents a year-over-year change of -1.5%.
  • Operating revenues- Business: $7.16 billion versus $7.45 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.7% change.
  • Operating revenues- Business- Other: $2.58 billion versus the three-analyst average estimate of $2.77 billion.
  • Operating revenues- Business- Wireless equipment: $846 million versus the three-analyst average estimate of $908.48 million.
  • Operating revenues- Consumer- Mobility and broadband service: $19.64 billion versus the three-analyst average estimate of $19.5 billion.

View all Key Company Metrics for Verizon here>>>

Shares of Verizon have returned -4.9% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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