Verizon Communications Inc. has reported its 2025 financial results, showcasing its performance in the competitive communications and technology industry. The company's revenue for the year ended December 31, 2025, stood at $138.2 billion, marking a 2.5% increase from the previous year.
The Consumer segment, which provides wireless and wireline communications services and products, saw a revenue increase of 3.8%, totaling $106.8 billion. This growth was driven by the sale of wireless equipment, including smartphones and other wireless-enabled devices, as well as residential fixed connectivity solutions such as internet, video, and voice services.
In contrast, the Business segment's operating revenues decreased by 1.6% to $29.1 billion in 2025. This decline was attributed to a reduction in wireless and wireline communications services and products provided to businesses, public sector customers, and wireless and wireline carriers.
Verizon's capital expenditures for 2025 amounted to $17.0 billion, reflecting the company's significant investments in wireless spectrum, network capacity, fiber, and advanced information technology systems.
The company's global networks and technology operations focus on providing connectivity and related services to a diverse customer base, leveraging advanced technologies such as 5G wireless, fiber-based transport, cloud infrastructures, AI, and automation. Verizon aims to continuously enhance network performance and efficiency through innovation and technology adoption.
In terms of recent developments, Verizon completed the acquisitions of Frontier, a broadband internet provider, and Starry, a fixed wireless broadband provider. These acquisitions have expanded Verizon's fiber broadband footprint to 31 U.S. states and Washington D.C., providing opportunities for future growth and enhancing the company's FWA capabilities.
Verizon's consolidated operating expenses for 2025 totaled $108.9 billion, reflecting a 2.7% increase from the previous year. This increase was primarily driven by higher costs associated with wireless equipment and depreciation and amortization expenses.
The company's other income (expense), net decreased by 89.2% in 2025, primarily due to a net pension and postretirement benefits remeasurement loss of $453 million recorded during the year, compared with a gain of $657 million in 2024.
Interest expense for 2025 amounted to $6.7 billion, representing a marginal increase of 0.7% from the previous year. The company's average debt outstanding decreased, contributing to a lower effective interest rate.
Verizon's provision for income taxes in 2025 totaled $5.1 billion, reflecting a 0.7% increase from the previous year. The effective income tax rate for 2025 was 22.3%, up from 21.9% in 2024, primarily due to higher tax benefits resulting from the favorable resolution of various income tax matters.
Verizon's 2025 financial report underscores the company's efforts to meet the evolving demands of consumers, businesses, and government entities through strategic investments, technological advancements, and targeted acquisitions. Today the company's shares have moved -1.14% to a price of $38.91. For more information, read the company's full 10-K submission here.
