NYSE$VZ
Verizon · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Verizon's Q2 2022 performance was marked by a slight revenue increase, offset by declines in net income and adjusted EBITDA, as the company focused on strategic improvements and competitive positioning.
Verizon reported a relatively flat total revenue of $33.8 billion compared to Q2 2021. EPS decreased to $1.24 from $1.40 year-over-year, with adjusted EPS at $1.31. Net income saw a decrease of 10.7% to $5.3 billion, while adjusted EBITDA declined by 2.6% to $11.9 billion. The company focused on improving operational and financial performance through strategic decisions and new consumer mobility plans.
- Total revenue remained relatively flat at $33.8 billion compared to the second quarter of 2021.
- Net income decreased by 10.7% to $5.3 billion year-over-year.
- Total broadband net additions reached 268,000, including 256,000 fixed wireless net additions.
- Business segment reported 430,000 wireless retail postpaid net additions, including 227,000 postpaid phone net additions.
Headline financials
Revenue & EPS history
Verizon · Revenue · Quarterly
$33.8B
Revenue by segment
Verizon · $33.2B total across 2 segments · Q2 2022
- Consumer$25.6B+9.1%77.1%
- Business$7.63B-1.8%22.9%
Forward guidance
Verizon is updating its financial guidance for the full year 2022, reflecting adjustments in expected revenue and profitability amid a competitive market.
Tailwinds
- Wireless service revenue growth is projected to be between 8.5% and 9.5%.
- The company anticipates capital spending, excluding C-Band, to range from $16.5 billion to $17.5 billion.
- Continued expectations for an adjusted effective income tax rate in the range of 23% to 25%.
- Ongoing deployment of the company's C-Band 5G network is expected, with related expenditures between $5 billion and $6 billion.
- Focus on strategic decisions to improve profitable growth opportunities.
Headwinds
- Reported service and other revenue growth is updated to a range of -1% to flat.
- Adjusted EBITDA growth is revised to a range of -1.5% to flat.
- Adjusted EPS is updated to a range of $5.10 to $5.25.
- Recent performance did not meet company expectations.
- The market remains very competitive.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.0%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.4%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+12.1%
Q4 2025
Best reaction
-8.6%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | +3.7% | +4.0% | |
| Q4 2025 | +12.1% | +18.1% | +25.9% | |
| Q3 2025 | +2.0% | +0.4% | +4.6% | |
| Q2 2025 | -0.5% | +2.8% | +0.6% | |
| Q1 2025 | +0.6% | -2.4% | +0.5% | |
| Q4 2024 | +0.9% | +2.8% | +9.1% | |
| Q3 2024 | -1.9% | -5.3% | -2.7% | |
| Q2 2024 | -6.6% | -3.7% | -1.4% | |
| Q1 2024 | -2.0% | -2.0% | -1.7% | |
| Q4 2023 | +4.3% | +7.1% | +2.9% | |
| Q3 2023 | +7.3% | +6.5% | +19.0% | |
| Q2 2023 | +1.1% | +0.1% | -1.8% | |
| Q1 2023 | -0.5% | +4.7% | -6.1% | |
| Q4 2022 | +1.8% | +2.5% | -2.8% | |
| Q3 2022 | -2.8% | -1.5% | +4.2% | |
| Q2 2022 | -6.1% | -5.8% | -6.8% | |
| Q1 2022 | -8.6% | -11.9% | -10.0% | |
| Q4 2021 | -3.7% | -0.1% | -0.7% | |
| Q3 2021 | +2.0% | +0.4% | -2.8% | |
| Q2 2021 | +0.7% | +0.4% | -0.1% | |
| Q1 2021 | -1.9% | -2.5% | -2.5% | |
| Q4 2020 | -5.6% | -6.3% | -3.3% | |
| Q3 2020 | +0.1% | +1.0% | +4.9% | |
| Q2 2020 | +1.8% | +2.9% | +5.6% | |
| Q1 2020 | +0.4% | +0.9% | -6.1% | |
| Q4 2019 | -0.2% | -2.1% | -9.0% | |
| Q3 2019 | -0.7% | +0.4% | -1.4% | |
| Q2 2019 | +0.6% | -0.4% | +5.2% | |
| Q1 2019 | -2.2% | -3.1% | +0.9% | |
| Q4 2018 | -1.9% | -0.9% | +3.4% | |
| Q3 2018 | +4.4% | +1.0% | +7.6% | |
| Q2 2018 | +0.3% | +2.5% | +7.0% | |
| Q1 2018 | +3.0% | +6.0% | -0.0% | |
| Q4 2017 | +1.4% | +2.4% | -10.5% | |
| Q3 2017 | +1.8% | +0.6% | -6.6% | |
| Q2 2017 | +8.0% | +10.1% | +9.6% | |
| Q1 2017 | -3.5% | -4.6% | -7.2% | |
| Q4 2016 | -5.0% | -5.4% | -4.0% | |
| Q3 2016 | -4.3% | -5.0% | -4.6% | |
| Q2 2016 | -1.0% | -0.8% | -5.6% | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | +5.9% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -3.4% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | -2.1% | — | — | |
| Q3 2013 | +5.8% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | +1.0% | — | — | |
| Q2 2012 | -3.1% | — | — | |
| Q1 2012 | +2.8% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | -2.5% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q1 2009 | +0.1% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +0.4% | — | — | |
| Q3 2008 | -1.2% | — | — | |
| Q3 2009 | -1.2% | — | — | |
| Q4 2007 | +0.3% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q2 2009 | +0.3% | — | — | |
| Q2 2008 | +0.3% | — | — |
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