Verizon Communications Inc.
Exhibit 99
Selected Historical Financial and Operating Information
Consumer - Selected Financial Results
(dollars in millions)
| 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 12 Mos. Ended | |||||||||||||||||||
| Unaudited | 3/31/25 | 6/30/25 | 9/30/25 | 12/31/25 | 12/31/25 | ||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||
Mobility and broadband service(1) | $ | 18,801 | $ | 19,002 | $ | 19,096 | $ | 19,024 | $ | 75,923 | |||||||||||||
| Wireless equipment | 4,532 | 5,369 | 4,766 | 7,112 | 21,779 | ||||||||||||||||||
Other(2) | 2,285 | 2,277 | 2,243 | 2,300 | 9,105 | ||||||||||||||||||
| Total Operating Revenues | $ | 25,618 | $ | 26,648 | $ | 26,105 | $ | 28,436 | $ | 106,807 | |||||||||||||
Footnotes:
(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, fixed wireless access (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.
Certain intersegment transactions with corporate entities have not been eliminated.
Verizon Communications Inc.
Business - Selected Financial Results
(dollars in millions)
| 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 12 Mos. Ended | |||||||||||||||||||
| Unaudited | 3/31/25 | 6/30/25 | 9/30/25 | 12/31/25 | 12/31/25 | ||||||||||||||||||
| Operating Revenues | |||||||||||||||||||||||
Mobility and broadband service(1) | $ | 3,717 | $ | 3,733 | $ | 3,743 | $ | 3,747 | $ | 14,940 | |||||||||||||
| Wireless equipment | 866 | 886 | 853 | 1,087 | 3,692 | ||||||||||||||||||
Other(2) | 2,703 | 2,656 | 2,546 | 2,532 | 10,437 | ||||||||||||||||||
| Total Operating Revenues | $ | 7,286 | $ | 7,275 | $ | 7,142 | $ | 7,366 | $ | 29,069 | |||||||||||||
Footnotes:
(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.
Certain intersegment transactions with corporate entities have not been eliminated.
Verizon Communications Inc.
Total Operating Statistics
| Unaudited | 3/31/25 | 6/30/25 | 9/30/25 | 12/31/25 | |||||||||||||||||||
Connections (‘000): | |||||||||||||||||||||||
Wireless retail | 145,974 | 146,136 | 146,119 | 146,930 | |||||||||||||||||||
Wireless retail postpaid | 125,744 | 125,895 | 125,913 | 126,705 | |||||||||||||||||||
Wireless retail postpaid phone | 93,214 | 93,207 | 93,246 | 93,868 | |||||||||||||||||||
Wireless retail core prepaid(1) | 18,977 | 19,017 | 19,062 | 19,169 | |||||||||||||||||||
Fiber broadband | 7,581 | 7,613 | 7,674 | 7,741 | |||||||||||||||||||
FWA broadband | 4,845 | 5,112 | 5,391 | 5,727 | |||||||||||||||||||
Total broadband(2) | 12,426 | 12,725 | 13,065 | 13,468 | |||||||||||||||||||
| 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 12 Mos. Ended | |||||||||||||||||||
| Unaudited | 3/31/25 | 6/30/25 | 9/30/25 | 12/31/25 | 12/31/25 | ||||||||||||||||||
Net Additions (‘000): | |||||||||||||||||||||||
Wireless retail | (65) | 177 | 2 | 851 | 965 | ||||||||||||||||||
Wireless retail postpaid | (159) | 155 | 36 | 829 | 861 | ||||||||||||||||||
Wireless retail postpaid phone | (289) | (9) | 44 | 616 | 362 | ||||||||||||||||||
Wireless retail core prepaid(1) | 137 | 50 | 47 | 109 | 343 | ||||||||||||||||||
Fiber broadband | 45 | 32 | 61 | 67 | 205 | ||||||||||||||||||
FWA broadband | 308 | 278 | 261 | 319 | 1,166 | ||||||||||||||||||
Total broadband(2) | 353 | 310 | 322 | 386 | 1,371 | ||||||||||||||||||
Account Statistics: | |||||||||||||||||||||||
Wireless retail postpaid ARPA(3) | $ | 169.81 | $ | 170.79 | $ | 171.27 | $ | 170.61 | $ | 170.62 | |||||||||||||
Wireless retail core prepaid ARPU(4) | $ | 31.92 | $ | 32.56 | $ | 32.70 | $ | 32.90 | $ | 32.52 | |||||||||||||
Churn Rate: | |||||||||||||||||||||||
Wireless retail postpaid phone | 0.95 | % | 0.97 | % | 0.98 | % | 1.02 | % | 0.98 | % | |||||||||||||
Wireless retail core prepaid(1) | 3.47 | % | 3.60 | % | 3.73 | % | 3.73 | % | 3.63 | % | |||||||||||||
Wireless Retail Postpaid Connection Statistics: | |||||||||||||||||||||||
Upgrade rate | 2.8 | % | 3.6 | % | 3.3 | % | 4.4 | % | |||||||||||||||
Footnotes:
(1) Represents total prepaid results excluding our SafeLink brand.
(2) Total broadband excludes solutions provided over a traditional copper-based network.
(3) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.
(4) Wireless retail core prepaid ARPU - average service revenue per unit from retail prepaid connections excluding our SafeLink brand.
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.