Verizon Communications Inc. (VZ)
NYSE: VZ · Real-Time Price · USD
45.08
+1.42 (3.25%)
Oct 30, 2026, 12:50 PM EDT - Market open
Verizon Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 5,198 | 3,835 | 5,045 | 2,342 | 4,950 | 5,003 | 4,879 | 5,005 | 3,306 | 4,593 | 4,602 | -2,705 | 4,762 | 4,648 | 4,909 | 6,577 | 4,900 | 5,199 | 4,580 | 4,613 |
Depreciation & Amortization | 5,095 | 5,008 | 4,892 | 4,519 | 4,618 | 4,635 | 4,577 | 4,506 | 4,458 | 4,483 | 4,445 | 4,516 | 4,410 | 4,359 | 4,318 | 4,218 | 4,324 | 4,321 | 4,236 | 4,051 |
Asset Writedown & Restructuring Costs | - | - | - | - | - | - | - | - | - | - | - | 5,841 | 21 | - | - | - | - | - | - | - |
Loss (Gain) on Equity Investments | 8 | -38 | 3 | 1 | 12 | 9 | 20 | 13 | 29 | 19 | 14 | 15 | 20 | 39 | 10 | 3 | 5 | -25 | 7 | 4 |
Provision & Write-off of Bad Debts | 460 | 462 | 581 | 736 | 478 | 548 | 587 | 715 | 504 | 552 | 567 | 618 | 535 | 531 | 530 | 563 | 383 | 337 | 328 | 185 |
Other Operating Activities | 776 | 1,504 | 545 | -218 | 1,944 | -520 | 337 | -138 | 651 | 879 | -13 | 1,631 | -562 | - | -704 | -2,421 | -579 | -521 | 1,162 | 1,017 |
Change in Accounts Receivable | - | - | - | -2,513 | - | - | - | -2,565 | - | - | - | -2,198 | - | - | - | -1,978 | - | - | - | -1,592 |
Change in Inventory | - | - | - | -232 | - | - | - | -196 | - | - | - | 287 | - | - | - | 627 | - | - | - | -905 |
Change in Accounts Payable | - | - | - | 1,819 | - | - | - | 1,109 | - | - | - | 2,079 | - | - | - | -33 | - | - | - | 1,457 |
Change in Other Net Operating Assets | -20 | -336 | -3,082 | 2,660 | -736 | -700 | -2,618 | 1,983 | 963 | -1,041 | -2,531 | -1,407 | 1,592 | 154 | -774 | 1,386 | 1,501 | 1,533 | -3,492 | -453 |
Operating Cash Flow | 11,517 | 10,435 | 7,984 | 9,114 | 11,266 | 8,975 | 7,782 | 10,432 | 9,911 | 9,485 | 7,084 | 8,677 | 10,778 | 9,731 | 8,289 | 8,942 | 10,534 | 10,844 | 6,821 | 8,377 |
Operating Cash Flow Growth (YoY) | 2.23% | 16.27% | 2.60% | -12.63% | 13.67% | -5.38% | 9.85% | 20.23% | -8.04% | -2.53% | -14.54% | -2.96% | 2.32% | -10.26% | 21.52% | 6.74% | -1.77% | 0.93% | -29.64% | -9.89% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -3,716 | -4,009 | -4,201 | -4,748 | -4,310 | -3,808 | -4,145 | -5,071 | -3,948 | -3,695 | -4,376 | -4,603 | -4,094 | -4,112 | -5,958 | -7,276 | -5,320 | -4,670 | -5,821 | -6,425 |
Cash Acquisitions | - | - | -9,480 | - | - | - | - | - | - | - | - | -30 | - | - | - | - | 1 | 247 | - | -3,606 |
Divestitures | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33 | - | - | - |
Sale (Purchase) of Intangibles | -3,229 | -1,072 | -83 | -110 | -106 | -112 | -122 | -132 | -155 | -164 | -449 | -3,937 | -774 | -487 | -598 | -763 | -615 | -437 | -1,838 | -569 |
Other Investing Activities | -26 | 154 | 191 | -122 | -74 | 482 | 515 | -358 | 100 | -6 | -420 | 746 | -540 | 509 | 446 | 2,697 | -2,763 | -1,801 | -336 | 465 |
Investing Cash Flow | -6,971 | -4,927 | -13,573 | -4,980 | -4,490 | -3,438 | -3,752 | -5,561 | -4,003 | -3,865 | -5,245 | -7,824 | -5,408 | -4,090 | -6,110 | -5,342 | -8,664 | -6,661 | -7,995 | -10,135 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 342 | - | - | - | 3,791 | - |
Long-Term Debt Issued | - | - | 12,129 | - | - | - | 2,781 | - | - | - | 5,620 | - | - | - | 2,258 | - | - | - | 7,149 | - |
Total Debt Issued | 5,463 | 9,839 | 12,129 | 16,314 | 4,654 | 3,857 | 2,781 | 4,197 | 2,421 | 3,330 | 5,620 | 1,624 | 1,780 | 2,608 | 2,600 | 2,854 | 3,828 | 290 | 10,940 | 6,240 |
Long-Term Debt Repaid | - | - | -11,086 | - | - | - | -5,035 | - | - | - | -5,916 | - | - | - | -2,256 | - | - | - | -8,206 | - |
Total Debt Repaid | -3,296 | -17,252 | -11,086 | -5,823 | -3,924 | -5,007 | -5,035 | -7,563 | -3,054 | -3,811 | -5,916 | -1,477 | -4,147 | -2,894 | -2,256 | -1,916 | -1,548 | -1,894 | -8,206 | -7,072 |
Net Debt Issued (Repaid) | 2,167 | -7,413 | 1,043 | 10,491 | 730 | -1,150 | -2,254 | -3,366 | -633 | -481 | -296 | 147 | -2,367 | -286 | 344 | 938 | 2,280 | -1,604 | 2,734 | -832 |
Repurchase of Common Stock | -500 | -1,000 | -2,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Common Dividends Paid | -2,940 | -2,954 | -2,910 | -2,912 | -2,857 | -2,856 | -2,856 | -2,850 | -2,801 | -2,802 | -2,796 | -2,794 | -2,744 | -2,743 | -2,744 | -2,739 | -2,688 | -2,724 | -2,654 | -2,648 |
Other Financing Activities | -513 | -469 | -911 | -370 | -424 | -372 | -783 | 593 | -981 | -2,351 | 1,664 | -369 | -944 | -174 | 17 | -1,275 | -1,208 | 246 | 165 | -1,712 |
Financing Cash Flow | -1,786 | -11,836 | -5,278 | 7,209 | -2,551 | -4,378 | -5,893 | -5,623 | -4,415 | -5,634 | -1,428 | -3,016 | -6,055 | -3,203 | -2,383 | -3,076 | -1,616 | -4,082 | 245 | -5,192 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 2,760 | -6,328 | -10,867 | 11,343 | 4,225 | 1,159 | -1,863 | -752 | 1,493 | -14 | 411 | -2,163 | -685 | 2,438 | -204 | 524 | 254 | 101 | -929 | -6,950 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 7,801 | 6,426 | 3,783 | 4,366 | 6,956 | 5,167 | 3,637 | 5,361 | 5,963 | 5,790 | 2,708 | 4,074 | 6,684 | 5,619 | 2,331 | 1,666 | 5,214 | 6,174 | 1,000 | 1,952 |
Free Cash Flow Growth (YoY) | 12.15% | 24.37% | 4.01% | -18.56% | 16.65% | -10.76% | 34.31% | 31.59% | -10.79% | 3.04% | 16.17% | 144.54% | 28.19% | -8.99% | 133.10% | -14.65% | -6.54% | -5.34% | -80.77% | -62.97% |
Free Cash Flow Margin | 22.73% | 18.76% | 10.98% | 12.00% | 20.57% | 14.97% | 10.86% | 15.02% | 17.89% | 17.66% | 8.21% | 11.60% | 20.05% | 17.24% | 7.08% | 4.73% | 15.23% | 18.27% | 2.98% | 5.73% |
Free Cash Flow Per Share | 1.88 | 1.54 | 0.90 | 1.03 | 1.64 | 1.22 | 0.86 | 1.27 | 1.41 | 1.37 | 0.64 | 0.97 | 1.58 | 1.33 | 0.55 | 0.40 | 1.24 | 1.47 | 0.24 | 0.47 |
Levered Free Cash Flow | 5,277 | 2,806 | 1,940 | 8,815 | 4,054 | 4,800 | -427.5 | 6,956 | 6,619 | 3,795 | -1,358 | -2,555 | 8,412 | 5,441 | -1,847 | 5,838 | 2,159 | 4,776 | -5,509 | 4,495 |
Unlevered Free Cash Flow | 6,495 | 4,047 | 3,152 | 9,915 | 5,094 | 5,824 | 592.5 | 7,984 | 7,664 | 4,857 | -336.13 | -1,556 | 9,308 | 6,244 | -1,093 | 6,529 | 2,745 | 5,266 | -5,018 | 4,957 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | - | - | - | 5,772 | - | - | - | 5,505 | - | - | - | 4,384 | - | - | - | 3,316 | - | - | - | 3,435 |
Cash Income Tax Paid | - | - | - | 3,581 | - | - | - | 5,632 | - | - | - | 2,343 | - | - | - | 2,736 | - | - | - | 3,040 |
Change in Working Capital | -20 | -336 | -3,082 | 1,734 | -736 | -700 | -2,618 | 331 | 963 | -1,041 | -2,531 | -1,239 | 1,592 | 154 | -774 | 2 | 1,501 | 1,533 | -3,492 | -1,493 |