Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Operating Information

Our segments and their principal activities consist of the following:


Segment						Description
Verizon Consumer Group						Our Consumer segment provides consumer-focused wireless and wireline communication services and products. Our wireless services are provided across one of the most extensive wireless networks in the U.S. under the Verizon family of brands and through wholesale and other arrangements. We also provide fixed wireless access (FWA) broadband through our 5G or 4G LTE networks as an alternative to traditional landline internet access. Our wireline services are provided in 31 U.S. states and Washington D.C. over our 100% fiber-optic network through our fiber product portfolio, as well as over a traditional copper-based network.

Verizon Business Group						Our Business segment provides wireless and wireline communication services and products, including mobility communication services, FWA and wireline broadband, Internet of Things (IoT) connectivity solutions, advanced communication services, corporate networking solutions, local and long distance voice services, and security and managed network services. We provide these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.

The following table provides operating financial information for our two reportable segments:


							Three Months Ended March 31,
	2026						2025
(dollars in millions)	Consumer		Business		Total Reportable Segments		Consumer		Business		Total Reportable Segments
External Operating Revenues
Mobility and broadband service(1)	$	19,108	$	3,681	$	22,789	$	18,728	$	3,710	$	22,438
Wireless equipment	4,824		857		5,681		4,532		866		5,398
Other(2)	2,449		2,874		5,323		2,285		2,703		4,988




Intersegment revenues	72		7		79		73		7		80
Total Operating Revenues	26,453		7,419		33,872		25,618		7,286		32,904

Operating Expenses(3)
Cost of wireless equipment	5,303		1,202		6,505		4,912		1,194		6,106
Centrally managed network and shared service costs(4)	4,430		2,449		6,879		4,521		2,482		7,003
Depreciation and amortization expense	3,730		1,081		4,811		3,543		1,020		4,563
Other segment expenses(5)	5,276		1,803		7,079		5,218		1,926		7,144
Total Operating Expenses	18,739		6,535		25,274		18,194		6,622		24,816
Operating Income	$	7,714	$	884	$	8,598	$	7,424	$	664	$	8,088

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.

(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.

(3) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.

(4) Centrally managed network and shared service costs include costs for network and leased assets, supply chain and other centralized services that are allocated to our Consumer and Business segments based on proportionate usage of services.

(5) Other segment expenses for each reportable segment include certain personnel, digital content, sales-related, overhead, other direct and operating costs.

Summary of Reconciliation of Segment Operating Revenues

A reconciliation of the reportable segments' operating revenues to consolidated operating revenues is as follows:


	Three Months Ended
	March 31,
(dollars in millions)	2026		2025
Total reportable segments operating revenues	$	33,872	$	32,904
Corporate and other	647		660
Eliminations	(79)		(79)

Total consolidated operating revenues	$	34,440	$	33,485

Summary of Reconciliation of Segment Operating Income

A reconciliation of the total reportable segments' operating income to consolidated income before provision for income taxes is as follows:


	Three Months Ended
	March 31,
(dollars in millions)	2026		2025
Total reportable segments operating income	$	8,598	$	8,088
Corporate and other	(82)		(102)
Other components of net periodic benefit charges (Note 8)	(13)		(8)
Acquisition and integration related charges	(261)		—










Total consolidated operating income	8,242		7,978

Equity in earnings of unconsolidated businesses	5		6
Other income, net	477		121
Interest expense	(1,940)		(1,632)
Income Before Provision For Income Taxes	$	6,784	$	6,473