Verizon reported fourth-quarter adjusted earnings per share of 1.09, exceeding consensus estimates, and generated total operating revenue of 36.4 billion. The company added 616,000 postpaid phone customers, its strongest quarterly net additions since 2019, and delivered 372,000 broadband net additions, including 319,000 fixed wireless access and 67,000 Fios internet subscribers. Wireless service revenue rose 1.1% year-over-year to 21.0 billion, while equipment revenue climbed 9.1% to 8.2 billion. These results reflect successful promotions during the holiday season and the early benefits of the Frontier acquisition completed in January.

For 2026, Verizon projects adjusted earnings per share of 4.90 to 4.95, representing growth of 4–5% year-over-year, and anticipates free cash flow of at least 21.5 billion, a 7% increase from 2025 and the highest since 2020. The company forecasts total retail postpaid phone net additions between 750,000 and 1.0 million, two to three times its 2025 result, and service revenue growth of 2–3%, equating to approximately 93 billion. Capital expenditures are expected to be 16.0–16.5 billion, including at least 2.0 million fiber passings, while operating cash flow is guided to 37.5–38.0 billion.

Verizon’s acquisition of Frontier has expanded its fiber footprint to over 30 million homes and businesses, accelerating its convergence strategy across mobility and broadband. The company has bolstered network resilience for winter storms by deploying additional mobile assets, backup power units and dedicated crisis response teams, enhancing service continuity in extreme weather. These infrastructure investments and strategic partnerships, including a modernized MVNO agreement with major cable operators, are designed to support long-term customer loyalty and profitable volume growth.