Credit and interest ratesmixed · 5 filings
“We recognize gains and losses resulting from interest rate movements in Interest expense.”10-Q · Jul 31, 2026 ↗
Verizon Communications Inc.
VZ
Market read
Verizon Communications Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 30 directly disclosed connections are confirming.
What changed
- Revenue increased 2.9% versus the comparable filing period.
Company+0.4% todayVolume comparison unavailable
Market group0 of 2 activeTelecom Services · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Capital expenditures increased $257 million in the six months ended June 30, 2026 vs the comparable 2025 period, primarily for fiber and wireless network infrastructure investments.
- Interest expense rose on higher average debt balances; watch quarterly interest expense and average debt balances for continued margin pressure.
Invalidation: The isolated read changes if VZ's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 30 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 2.9% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Capital expenditures increased $257 million in the six months ended June 30, 2026 vs the comparable 2025 period, primarily for fiber and wireless network infrastructure investments.
- Interest expense rose on higher average debt balances; watch quarterly interest expense and average debt balances for continued margin pressure.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements253
Verified relationships17
Evidence supporting the case
- Operating cash flow covered net income at 2.16x in the latest annual period.
- Pricing and mix has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
- Demand and volume has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 54% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
49.976m-1.4%12m+14.7%24m+21.0%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$133.6B+4.1%$5.32+0.2%
2022-12-31$136.8B+2.4%$5.06+1.3%
2023-12-31$134.0B-2.1%$2.75+0.3%
2024-12-31$134.8B+0.6%$4.14+0.2%
2025-12-31$138.2B+2.5%$4.06+0.2%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionsnegative · 5 filings
“As of June 30, 2026, cumulative adjustments due to observable price changes and impairment charges were $ 190 million and $ 155 million, respectively.”10-Q · Jul 31, 2026 ↗
Capital investment and capacitymixed · 4 filings
“Capital expenditures increased $257 million during the six months ended June 30, 2026 compared to the similar period in 2025 primarily due to fiber and wireless network infrastructure investments.”10-Q · Jul 31, 2026 ↗
Demand and volumemixed · 3 filings
“Selling, General and Administrative Expense Selling, general and administrative expense increased during 2025 compared to 2024 primarily as a result of: • an increase of $94 million in personnel costs mainly driven by an increase in commission expense due to…”10-K · Feb 17, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.5× · EV/sales 1.4×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
49.97+0.4% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for VZ. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-01 against the comparable filing from 2025-04-25.
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed
What improved
- Revenue increased 2.9% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Cost of Wireless Equipment Cost of wireless equipment increased during the three months ended March 31, 2026 compared to the similar period in 2025 primarily due to: • an increase of $315 million driven by a shift to higher priced equipment in the mix of wireless devices sold; and • an increase of $85 million driven by a higher volume of wireless devices sold primarily related to an increase in upgrades.”
“Cost of Wireless Equipment Cost of wireless equipment increased during the three months ended March 31, 2026 compared to the similar period in 2025 primarily due to: • an increase of $270 million due to a shift to higher priced equipment in the mix of wireless devices sold; and • an increase of $121 million driven by a higher volume of wireless devices sold primarily related to an increase in upgrades.”
“Wireless equipment revenue increased during the three months ended March 31, 2026 compared to the similar period in 2025 primarily due to: • an increase of $204 million related to a shift to higher priced equipment in the mix of wireless devices sold; and • an increase of $88 million driven by a higher volume of wireless devices sold primarily related to an increase in upgrades.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind VZ
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CMCSAComcast CorporationdistributorFeb 17, 2026 ▾
“Resellers include cable companies, such as Comcast Corporation and Charter Communications, Inc., and others.”
TMUST-Mobile US, Inc.distributorFeb 17, 2026 ▾
“The closing of this transaction is subject to the receipt of regulatory approvals and other closing conditions, including the sale of UScellular's wireless operations and select spectrum assets to T-Mobile US, Inc., which concluded in August 2025, and the ter…”
Depended on by
CCI89.0% of CCIcustomerAug 6, 2025 ▾
“Majority of our revenues from large wireless carriers ◦ For the six months ended June 30, 2025, approximately 89% of our site rental revenues were derived from T-Mobile, AT&T and Verizon Wireless.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 28 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
VZ is currently a Leader in the organic co-movement group Telecom Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.