Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q2 2026 Earnings Presentation
9 slides from Verizon Communications's earnings presentation, Jul 24, 2026
Slide 1: Second Quarter Results
verizon Second Quarter Results
Slide 2: "Safe Harbor" Statement
“Safe Harbor” Statement In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operat
Slide 3: Dan Schulman, CEO
Dan Schulman CEO
Slide 4: Operating metrics
Operating metrics Retail postpaid phone net adds (K) Retail core prepaid1 net adds (K) 184K 616 Wireless retail 109 115 184 73 postpaid phone net adds 44 55 50 47 (+193K Y/Y) (9) 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 0.92% Wireless retail postpaid phone churn Broadband net adds
Slide 5: Financial highlights
Financial highlights Mobility and Broadband Adjusted EBITDA ($B) 1 Adjusted EPS 1 Service Revenue ($B) +2.8% +7.2% +6.6% $22.7 $23.4 $12.8 $13.7 $1.22 $1.30 2Q 25 2Q 26 2Q 25 2Q 26 2Q 25 2Q 26 1 Non-GAAP measure. Responsible growth leading to record reported Adjusted EBITDA1 5
Slide 6: Consolidated cash flow summary
Consolidated cash flow summary ($ in billions) 1H 2025 1H 2026 Cash flow from operations $16.8 $18.4 Capital expenditures $8.0 $8.2 Free cash flow1 $8.8 $10.2 Dividends paid $5.7 $5.9 Share repurchases - $3.5 Total debt $146.0 $165.2 Unsecured debt $119.4 $136.5 Net unsecured debt1 $116.0 $128.7 Net
Slide 7: 2026 Guidance
2026 Guidance Original Updated Postpaid phone net adds 750K - 1M Upper half of 750K - 1M 2% - 3% Mobility and Broadband Service Revenue 1 2.5% - 3% (approximately $93B) 4% - 5% Adjusted EPS 1,2 6% - 7% (approximately $4.90 - $4.95) Capex 1 $16.0B - $16.5B Unchanged $21.5B or more Free Cash Flow 1,2
Slide 8: Q&A
Q&A
Slide 9: Verizon confidential and proprietary. Unauthorized disclosure, reproduction or other use prohibited.
Verizon confidential and proprietary. Unauthorized disclosure, reproduction or other use prohibited. VZQTR20FIN
Verizon Communications — Q2 2026 Earnings Presentation on 6ix