NYSE$VZ
Verizon · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Verizon's Q3 2022 results reflected revenue growth momentum and sequential improvement in Consumer postpaid phone gross additions. Business reported its fifth consecutive quarter with over 150,000 postpaid phone net additions.
Verizon reported a 4.0% increase in total revenue to $34.2 billion in Q3 2022. EPS was $1.17, and adjusted EPS was $1.32. The company saw growth in wireless service revenue and broadband net additions.
- Total revenue increased by 4.0 percent year over year to $34.2 billion.
- Wireless service revenue increased by 10.0 percent year over year.
- Total broadband net additions were 377,000, including 342,000 fixed wireless net additions.
- Business reported 360,000 wireless retail postpaid net additions.
Headline financials
Revenue & EPS history
Verizon · Revenue · Quarterly
$34.2B
Revenue by segment
Verizon · $33.7B total across 2 segments · Q3 2022
- Consumer$25.8B+10.8%76.7%
- Business$7.84B+1.9%23.3%
Forward guidance
Verizon continues to expect the following results for full-year 2022:
Tailwinds
- Reported wireless service revenue growth of 8.5 to 9.5 percent.
- Reported service and other revenue growth of minus 1 percent to flat.
- Adjusted EBITDA growth of minus 1.5 percent to flat.
- Adjusted EPS of $5.10 to $5.25.
- Adjusted effective income tax rate in the range of 23 percent to 25 percent.
Headwinds
- Capital spending, excluding C-Band, in the range of $16.5 billion to $17.5 billion.
- Additional expenditures related to the deployment of the company's C-Band 5G network are expected to be in the range of $5 billion to $6 billion.
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 Q3 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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