NYSE$VZ
Verizon · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Verizon reported strong wireless service revenue and broadband subscriber growth in Q2 2024.
Verizon's Q2 2024 results showed strong wireless service revenue growth and broadband subscriber gains. The company is on track to meet its full-year 2024 financial guidance, with total operating revenue up 0.6% year over year and earnings per share at $1.09.
- Total wireless service revenue increased by 3.5% year over year to $19.8 billion.
- Total broadband net additions reached 391,000, marking the eighth consecutive quarter with over 375,000 additions.
- Consolidated net income was $4.7 billion, and adjusted EBITDA was $12.3 billion.
- Consumer wireless retail postpaid net losses were 8,000, an improvement compared to losses of 136,000 in Q2 2023.
Headline financials
Revenue & EPS history
Verizon · Revenue · Quarterly
$32.8B
Revenue by segment
Verizon · $32.8B total across 2 segments · Q3 2023
- Consumer$25.3B-2.3%77.0%
- Business$7.53B-4.0%23.0%
Forward guidance
Verizon is on track to meet its financial guidance for 2024.
Tailwinds
- Total wireless service revenue growth of 2.0% to 3.5%.
- Adjusted EBITDA growth of 1.0% to 3.0%.
- Adjusted EPS of $4.50 to $4.70.
- Capital expenditures between $17.0 billion and $17.5 billion.
- Adjusted effective income tax rate in the range of 22.5% to 24.0%.
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 2024
-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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