Overview
- Verizon added 616,000 postpaid phone subscribers in Q4 2025, its strongest quarterly gain since 2019, aided by aggressive holiday promotions.
- Fourth-quarter revenue reached about $36.4 billion and adjusted EPS came in at $1.09, both ahead of Wall Street estimates.
- The company guided for 2026 adjusted EPS of $4.90 to $4.95, free cash flow of at least $21.5 billion, and 750,000 to 1 million retail postpaid phone net additions.
- The board authorized up to $25 billion in share repurchases over three years, with at least $3 billion planned for 2026.
- Verizon said its 2026 outlook includes the recently closed Frontier acquisition, which lifts fixed wireless and fiber broadband connections above 16.3 million, and shares surged following the update, including an 11.8% gain reported by one outlet.