v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Operating Information
Our segments and their principal activities consist of the following:

SegmentDescription
Verizon
Consumer Group
Our Consumer segment provides consumer-focused wireless and wireline communication services and products. Our wireless services are provided across one of the most extensive wireless networks in the U.S. under the Verizon family of brands and through wholesale and other arrangements. We also provide fixed wireless access (FWA) broadband through our 5G or 4G LTE networks as an alternative to traditional landline internet access. Our wireline services are provided in 31 U.S. states and Washington D.C. over our 100% fiber-optic network through our fiber product portfolio, as well as over a traditional copper-based network.
Verizon
Business Group
Our Business segment provides wireless and wireline communication services and products, including mobility communication services, FWA and wireline broadband, Internet of Things (IoT) connectivity solutions, advanced communication services, corporate networking solutions, local and long distance voice services, and security and managed network services. We provide these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
The following table provides operating financial information for our two reportable segments:

Three Months Ended June 30,
20262025
(dollars in millions)ConsumerBusinessTotal 
Reportable
Segments		ConsumerBusinessTotal 
Reportable
Segments
External Operating Revenues
Mobility and broadband service(1)
$19,563 $3,721 $23,284 $18,928 $3,726 $22,654 
Wireless equipment4,178 846 5,024 5,369 886 6,255 
Other(2)(6)
2,427 2,581 5,008 2,277 2,354 4,631 
Intersegment revenues74 7 81 74 7 81 
Total Operating Revenues(6)
26,242 7,155 33,397 26,648 6,973 33,621 
Operating Expenses(3)
Cost of wireless equipment4,658 1,203 5,861 5,806 1,201 7,007 
Centrally managed network and shared service costs(4)(6)
4,580 2,228 6,808 4,488 2,276 6,764 
Depreciation and amortization expense(6)
3,787 1,091 4,878 3,582 998 4,580 
Other segment expenses(5)(6)
5,185 1,642 6,827 5,129 1,774 6,903 
Total Operating Expenses(6)
18,210 6,164 24,374 19,005 6,249 25,254 
Operating Income(6)
$8,032 $991 $9,023 $7,643 $724 $8,367 
(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.
(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.
(3) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
(4) Centrally managed network and shared service costs include costs for network and leased assets, supply chain and other centralized services that are allocated to our Consumer and Business segments based on proportionate usage of services.
(5) Other segment expenses for each reportable segment include certain personnel, digital content, sales-related, overhead, other direct and operating costs.
(6) Historical Business segment results have been reclassified to conform to the current period presentation. See Note 3 for additional information.
Six Months Ended June 30,
20262025
(dollars in millions)ConsumerBusinessTotal 
Reportable
Segments		ConsumerBusinessTotal 
Reportable
Segments
External Operating Revenues
Mobility and broadband service(1)
$38,671 $7,402 $46,073 $37,655 $7,436 $45,091 
Wireless equipment9,002 1,703 10,705 9,901 1,752 11,653 
Other(2)(6)
4,876 5,166 10,042 4,562 4,773 9,335 
Intersegment revenues146 14 160 148 14 162 
Total Operating Revenues(6)
52,695 14,285 66,980 52,266 13,975 66,241 
Operating Expenses(3)
Cost of wireless equipment9,961 2,405 12,366 10,718 2,395 13,113 
Centrally managed network and shared service costs(4)(6)
9,020 4,473 13,493 9,042 4,574 13,616 
Depreciation and amortization expense(6)
7,517 2,140 9,657 7,125 1,987 9,112 
Other segment expenses(5)(6)
10,451 3,320 13,771 10,314 3,549 13,863 
Total Operating Expenses(6)
36,949 12,338 49,287 37,199 12,505 49,704 
Operating Income(6)
$15,746 $1,947 $17,693 $15,067 $1,470 $16,537 
(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.
(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.
(3) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
(4) Centrally managed network and shared service costs include costs for network and leased assets, supply chain and other centralized services that are allocated to our Consumer and Business segments based on proportionate usage of services.
(5) Other segment expenses for each reportable segment include certain personnel, digital content, sales-related, overhead, other direct and operating costs.
(6) Historical Business segment results have been reclassified to conform to the current period presentation. See Note 3 for additional information.
Summary of Reconciliation of Segment Operating Revenues
A reconciliation of the reportable segments' operating revenues to consolidated operating revenues is as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
(dollars in millions)2026202520262025
Total reportable segments operating revenues(1)
$33,397 $33,621 $66,980 $66,241 
Corporate and other(1)
936 965 1,872 1,909 
Eliminations
(80)(82)(159)(161)
Total consolidated operating revenues$34,253 $34,504 $68,693 $67,989 
(1) Historical segment results have been reclassified to conform to the current period presentation. See Note 3 for additional information.
Summary of Reconciliation of Segment Operating Income
A reconciliation of the total reportable segments' operating income to consolidated income before provision for income taxes is as follows:
 Three Months EndedSix Months Ended
June 30,June 30,
(dollars in millions)2026202520262025
Total reportable segments operating income(1)
$9,023 $8,367 $17,693 $16,537 
Corporate and other(1)
(280)(187)(433)(371)
Other components of net periodic benefit charges (Note 8)(28)(8)(42)(16)
Severance charges
(397)— (397)— 
Acquisition and integration related charges
(135)— (396)— 
Asset rationalization(258)— (258)— 
Loss on disposition of business(746)— (746)— 
Total consolidated operating income7,179 8,172 15,421 16,150 
Equity in earnings (losses) of unconsolidated businesses44 (3)49 3 
Other income, net36 79 513 200 
Interest expense(1,985)(1,639)(3,925)(3,271)
Income Before Provision For Income Taxes$5,274 $6,609 $12,058 $13,082 
(1) Historical segment results have been reclassified to conform to the current period presentation. See Note 3 for additional information.