v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30,
20262025
(dollars in millions)ConsumerBusinessTotal 
Reportable
Segments		ConsumerBusinessTotal 
Reportable
Segments
External Operating Revenues
Mobility and broadband service(1)
$19,703 $3,705 $23,408 $19,018 $3,736 $22,754 
Wireless equipment4,277 839 5,116 4,766 853 5,619 
Other(2)(6)
2,378 2,471 4,849 2,243 2,246 4,489 
Intersegment revenues74 8 82 78 8 86 
Total Operating Revenues(6)
26,432 7,023 33,455 26,105 6,843 32,948 
Operating Expenses(3)
Cost of wireless equipment4,665 1,157 5,822 5,270 1,213 6,483 
Centrally managed network and shared service costs(4)(6)
4,634 2,267 6,901 4,480 2,192 6,672 
Depreciation and amortization expense(6)
3,872 1,086 4,958 3,568 1,002 4,570 
Other segment expenses(5)(6)
5,168 1,658 6,826 5,123 1,720 6,843 
Total Operating Expenses(6)
18,339 6,168 24,507 18,441 6,127 24,568 
Operating Income(6)
$8,093 $855 $8,948 $7,664 $716 $8,380 
(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.
Nine Months Ended September 30,
20262025
(dollars in millions)ConsumerBusinessTotal 
Reportable
Segments		ConsumerBusinessTotal 
Reportable
Segments
External Operating Revenues
Mobility and broadband service(1)
$58,374 $11,107 $69,481 $56,674 $11,171 $67,845 
Wireless equipment13,279 2,542 15,821 14,667 2,605 17,272 
Other(2)(6)
7,254 7,637 14,891 6,805 7,020 13,825 
Intersegment revenues220 22 242 225 22 247 
Total Operating Revenues(6)
79,127 21,308 100,435 78,371 20,818 99,189 
Operating Expenses(3)
Cost of wireless equipment14,626 3,562 18,188 15,988 3,608 19,596 
Centrally managed network and shared service costs(4)(6)
13,654 6,741 20,395 13,522 6,767 20,289 
Depreciation and amortization expense(6)
11,389 3,226 14,615 10,693 2,989 13,682 
Other segment expenses(5)(6)
15,619 4,977 20,596 15,437 5,268 20,705 
Total Operating Expenses(6)
55,288 18,506 73,794 55,640 18,632 74,272 
Operating Income(6)
$23,839 $2,802 $26,641 $22,731 $2,186 $24,917 
(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 EndedNine Months Ended
September 30,September 30,
(dollars in millions)2026202520262025
Total reportable segments operating revenues(1)
$33,455 $32,948 $100,435 $99,189 
Corporate and other(1)
940 958 2,812 2,867 
Eliminations
(82)(85)(241)(246)
Total consolidated operating revenues$34,313 $33,821 $103,006 $101,810 
(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 EndedNine Months Ended
September 30,September 30,
(dollars in millions)2026202520262025
Total reportable segments operating income(1)
$8,948 $8,380 $26,641 $24,917 
Corporate and other(1)
(213)(215)(646)(586)
Other components of net periodic benefit charges (Note 8)(28)(8)(70)(24)
Severance charges
— — (397)— 
Acquisition and integration related charges
(57)(52)(453)(52)
Asset rationalization— — (258)— 
Loss on disposition of business— — (746)— 
Total consolidated operating income8,650 8,105 24,071 24,255 
Equity in earnings (losses) of unconsolidated businesses(3)(6)46 (3)
Other income, net120 92 633 292 
Interest expense(1,950)(1,664)(5,875)(4,935)
Income Before Provision For Income Taxes$6,817 $6,527 $18,875 $19,609 
(1) Historical segment results have been reclassified to conform to the current period presentation. See Note 3 for additional information.