NYSE$VZ

Verizon · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Verizon demonstrated strong customer growth and profitability, adding nearly 1 million postpaid mobile and broadband subscribers.

Verizon reported strong operational and financial results for Q4 2024, driven by growth in wireless service revenue and broadband net additions. The company's focus on growing connections and strengthening customer relationships contributed to the positive performance.

  • Total operating revenue increased by 1.6 percent year over year to $35.7 billion.
  • Earnings per share (EPS) reached $1.18, compared to $(0.64) in Q4 2023.
  • The company added 408,000 broadband net additions and 568,000 postpaid phone net additions.
  • Wireless service revenue grew by 3.1 percent year over year to $20.0 billion.

Headline financials

Total Revenue

$35.7B

Previous: $35.1B+1.6%
EPS (adj)

$1.10

Previous: $1.08+1.9%
Postpaid phone net adds

504.0K

Previous: 1.2M-56.8%
Capital Expenditures

-$5.2B

Previous: -$8.54B+39.1%
Net Income

$5.1B

Previous: -$2.6B+296.2%
Operating Income

$7.42B

Previous: $600M+1136.8%
Gross Profit

$20.2B

Previous: $19.9B+1.1%

Revenue & EPS history

Verizon · Revenue · Quarterly

$35.7B

Q4 2024+1.6%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Verizon · $32.8B total across 2 segments · Q3 2023

  • Consumer
    $25.3B-2.3%
  • Business
    $7.53B-4.0%

Forward guidance

For 2025, Verizon expects total wireless service revenue growth of 2.0 percent to 2.8 percent, adjusted EBITDA growth of 2.0 percent to 3.5 percent, and adjusted EPS growth of 0 to 3.0 percent.

Tailwinds

  • Total wireless service revenue growth of 2.0% to 2.8%.
  • Adjusted EBITDA growth of 2.0% to 3.5%.
  • Adjusted EPS growth of 0 to 3.0%.
  • Cash flow from operations of $35.0 billion to $37.0 billion.
  • Free cash flow of $17.5 billion to $18.5 billion.

Headwinds

  • Capital expenditures between $17.5 billion and $18.5 billion.
  • Unpredictable special items that could arise.
  • Inability to address the probable significance of the unavailable information.
  • Potential risks and uncertainties that could affect future results.
  • Effects of competition in the markets.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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