Verizon Announces Q2 2026 Earnings and Details Non-GAAP Financial Metrics

Verizon’s Dual Financial Reporting Strategy

Verizon Communications Inc. filed a current report on July 24, 2026, disclosing financial results accompanied by detailed financial tables. The filing included information prepared in accordance with U.S. generally accepted accounting principles (GAAP) as well as supplemental non-GAAP financial data. Management expressed its intention to provide non-GAAP figures to enhance comprehension of Verizon’s GAAP results, encouraging investors to consider both sets of data together rather than relying solely on one.

This approach aligns with common practices among major telecommunications firms presenting multiple financial perspectives. The filing clarified that each non-GAAP measure is shown alongside its GAAP counterpart to prevent undue emphasis on non-GAAP figures. Verizon highlighted that offering both reporting standards enables management, investors, and other stakeholders to more accurately assess consolidated and segment-level performance. The company also noted that non-GAAP measures may be calculated differently by other entities and thus might not be directly comparable.

Definitions of EBITDA and Related Non-GAAP Metrics

The filing outlined Verizon’s use of Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) as a key non-GAAP measure. The company considers this metric valuable for management and investors when assessing operating profitability on a variable cost basis. Consolidated EBITDA excludes depreciation and amortization expenses primarily linked to capital investments and acquisitions, facilitating performance comparisons with competitors.

Consolidated EBITDA is computed by adding back interest, taxes, depreciation, and amortization expenses to net income. Segment EBITDA is derived by adding segment depreciation and amortization expenses to segment operating income. Segment EBITDA Margin is calculated by dividing Segment EBITDA by total segment operating revenues. These measures provide a consistent framework for comparing operational results across business units and time periods.

Adjusted EBITDA as a Benchmark for Operational Performance

Verizon reported Consolidated Adjusted EBITDA and Consolidated Adjusted EBITDA Margin as non-GAAP metrics designed to offer relevant insights to management, investors, and other financial information users. These measures aim to evaluate operational effectiveness and underlying business trends. The company noted that investors widely use these metrics to compare operating performance by minimizing effects from differences in capital structure, taxes, and depreciation policies.

The exclusion of non-operational and special items from Adjusted EBITDA enhances comparability with prior periods and supports trend analysis. Although the filing did not detail the full calculation steps, Verizon emphasized that Consolidated Adjusted EBITDA follows a specific methodology consistent with industry practices among leading telecommunications companies to present normalized operating results independent of capital structure or extraordinary transactions.

Trading and Securities Information

The filing revealed that Verizon’s common stock, with a par value of $0.10 per share, trades under the symbol VZ on both the New York Stock Exchange and Nasdaq Global Select Market. Additionally, Verizon listed multiple debt securities registered for trading on the NYSE, with maturities ranging from 2026 to 2056. These include fixed-rate notes bearing coupons between 0.375% and 5.7427%, illustrating Verizon’s extensive debt capital structure and diverse investor base across various maturities.

The registered debt instruments comprise senior notes maturing between 2026 and 2041, as well as junior subordinated notes due in 2056. This broad debt profile underscores Verizon’s reliance on capital markets financing across the yield curve. Listing these securities on the NYSE, a primary venue for major telecommunications debt, highlights strong institutional interest and accessibility for retail and institutional investors alike.

Corporate Details and Contact Information

Verizon Communications Inc. is incorporated in Delaware, identified by Commission File Number 1-8606 and IRS Employer Identification Number 23-2259884. The company’s principal executive offices are located at 1095 Avenue of the Americas, New York, NY 10036. The filing provides a contact telephone number: (212) 395-1000. These details establish Verizon’s formal legal and operational foundation for reporting and investor relations.

Delaware incorporation reflects standard practice among large publicly traded companies seeking favorable legal and regulatory frameworks. The New York headquarters situates Verizon within a major financial hub, facilitating engagement with markets, regulators, and investors. Providing standard corporate contact information supports transparent communications and regulatory compliance.

Framework for Non-GAAP Reconciliation and Disclosure

The filing explained Verizon’s process for reconciling non-GAAP measures with GAAP financial statements. The company believes users benefit from access to both standardized GAAP data and adjusted metrics that exclude certain items, enhancing period-to-period and peer comparisons. The report includes a press release and financial tables presenting both GAAP and non-GAAP information, encouraging readers to review both in conjunction.

This dual reporting aligns with SEC guidance on appropriate use and disclosure of non-GAAP financial measures. Presenting non-GAAP figures alongside GAAP counterparts demonstrates Verizon’s commitment to transparency and comparability. By defining calculation methods and clarifying the business rationale for each non-GAAP measure, Verizon equips investors to analyze financial performance from multiple perspectives.

Methodology for Segment Performance Assessment

The filing described Verizon’s use of segment-level non-GAAP metrics to evaluate business unit results. Segment EBITDA, calculated by adding segment depreciation and amortization to segment operating income, reflects operating profitability independent of capital structure. Segment EBITDA Margin, the ratio of Segment EBITDA to segment operating revenues, normalizes operating efficiency for comparison across segments and time frames.

Providing segment-level metrics enables investors to assess operational effectiveness within Verizon’s corporate structure. This approach helps identify trends and relative performance across telecommunications services, including wireless, wireline, and other categories. The disclosed methodology allows normalization for capital intensity differences and evaluation of management’s operational decisions separate from financing choices.

Emphasizing Context and Comparability in Financial Metrics

The filing stressed that non-GAAP financial information should complement, not replace, GAAP financial statements. Verizon acknowledged that non-GAAP measures may be calculated differently by other companies and may lack direct comparability. This caution highlights the inherent limitations of non-GAAP metrics and the need for investor awareness of definitional variances.

Verizon’s explicit recognition of potential comparability issues underscores its commitment to transparent disclosure. By clarifying that non-GAAP measures reflect management’s methodologies and may differ from competitors’, the company helps investors understand the analytical framework behind performance evaluations. The filing’s insistence on reviewing non-GAAP alongside GAAP data promotes disciplined financial reporting prioritizing investor clarity over selective metric presentation.