VZ at a glance
Verizon (VZ, SEC CIK 732712) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as September 30, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Verizon (VZ) reported revenue of $138.2 billion (up 2.5% from FY2024) and net income of $17.2 billion. Diluted EPS was $4.06.
- As of June 30, 2026, 71 institutional investment managers tracked by SignalX reported holding Verizon (VZ) shares worth $61.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Malady Kyle on September 29, 2026 of 1,100 shares at $46.40 per share.
- In the last 90 days, VZ insiders reported 0 open-market purchases ($0) and 7 open-market sales ($379K) on Form 4, a net sale of $379K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $138.2B
- +2.5% vs prior year
- Insiders · 90 days
- 0 buys · 7 sells
- Net −$379K
- 13F holders
- 71 funds
- $61.3B · +0 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Telecommunications services including wireless, broadband, and enterprise solutions
- New segment: Merger agreement dated September 4, 2024, with Frontier Communications Parent, Inc. introduced
- Strategic shift: Corporate bylaws amended and restated effective December 5, 2024, signaling governance update
- Notable metric: Allowance for credit losses increased to $2,045 million in 2025 from $1,769 million in 2024
- Unusual fact: New executive employment and severance agreements signed in late 2025 and early 2026
Risk Factors
- Regulatory risk: Impact of One Big Beautiful Bill legislation reducing cash tax payments, improving operating cash flow by $225 million in 2025 vs 2024
- Geopolitical/macroeconomic threat: Foreign-denominated debt $38.2 billion (23.6% of total), primarily Euro and British Pound, requiring currency swap hedging
- Operational vulnerability: Post-acquisition integration risk of Frontier purchase, $22.3 billion total consideration expanding fiber footprint to 31 states plus D.C.
- Competitive risk: Declining video access line and DSL losses due to customer migration to wireless, VoIP, and cable services
- Financial risk: High leverage with total debt $158.2 billion, including $17.3 billion maturing within 12 months and over $79 billion in related interest payments
Management Discussion & Analysis
- Revenue $138.2B, up 2.5% YoY; Consumer up $3.9B (3.8%) to $106.8B, Business down $462M (1.6%) to $29.1B
- Operating expenses increased 2.7% to $108.9B; Cost of wireless equipment rose 11.0% to $29.0B, Cost of services declined 0.7% to $27.8B
- Consumer segment best performer: revenue $106.8B (+3.8% YoY); Business segment worst: revenue $29.1B (-1.6% YoY)
- Capital expenditures $17.0B in 2025; no explicit buybacks or dividend amounts disclosed in provided text
- Completed Frontier and Starry acquisitions in early 2026 to expand fiber broadband and fixed wireless access; focus on 5G, fiber, AI, network densification highlighted as growth drivers
AI summary of the VZ 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $34.253B, down $251M or 0.7% YoY
- Consumer revenue $26.242B, down 1.5% YoY; Business revenue $7.155B, up 2.6%
- Operating expenses $27.074B, up 2.8% YoY; SG&A increased 15.0% to $8.982B
- Fiber broadband best growth, connections up 43.3% to 10.913M; FWA net additions down 30.6% to 193,000
- Six-month capital expenditures $8.2B; full-year capital spending guidance $16.0B-$16.5B
Risk Factors
- No Risk Factors section provided; filing text contains Items 2, 5, and 6 only
- Share-repurchase execution risk: $1.0 billion ASR completed for 21,289,443 shares at $46.97 average price
- Capital-allocation risk: $25 billion repurchase authorization remains available through the program’s termination
- Insider-trading compliance: Verizon Business CEO adopted a Rule 10b5-1 plan covering 16,500 shares over 15 weeks
- No specific regulatory, legal, operational, competitive, market, liquidity, debt, currency, or concentration risks disclosed in provided text
AI summary of the VZ 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Charles Phillips, Recognize Partners LP co-founder and managing partner, elected Verizon director effective September 25, 2026
- New independent director adds private-equity and investment-management experience to board oversight
Item EX-99.1: Item EX-99.1
- Q2 2026 service revenue $23.4B, up 2.8%, with broadband net additions 348,000 and postpaid phone additions 184,000
- Adjusted EBITDA reached record $13.7B, up 7.2%, while margin expanded to 40.1% from 37.1%
Item 2.02: Results of Operations and Financial Condition
- July 24, 2026 earnings release covers Verizon’s fiscal-year results and financial tables, provided in the attached exhibit
- Non-GAAP metrics include Adjusted EBITDA, Adjusted EPS, free cash flow, and net unsecured debt leverage
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO Daniel Schulman’s initial employment term extended through December 31, 2028
- Post-2028 employment subject to automatic one-year extensions unless either party provides 90 days’ notice
AI summaries of VZ 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for VZ
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Malady Kyle | Sell | Sep 29, 2026 | 1,100 | $46.40 |
| PHILLIPS JR CHARLES E | A | Sep 25, 2026 | 1,770 | - |
| SCHULMAN DANIEL H | A | Sep 24, 2026 | 197.029 | $13.51 |
| Malady Kyle | A | Sep 24, 2026 | 128.695 | $13.51 |
| Russo Joseph J. | A | Sep 24, 2026 | 81.716 | $13.51 |
| Skiadas Anthony T | A | Sep 24, 2026 | 128.695 | $13.51 |
| Stillwell Mary-Lee | A | Sep 24, 2026 | 43.278 | $13.51 |
| Villanueva Rodriguez Alfonso | A | Sep 24, 2026 | 128.695 | $13.51 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $134.0B | $134.8B | $138.2B |
| Operating Income | $22.9B | $28.7B | $29.3B |
| Net Income | - | $17.5B | $17.2B |
| Op. Margin | 17.1% | 21.3% | 21.2% |
| Net Margin | - | 13.0% | 12.4% |
| Balance Sheet | |||
| Total Assets | $380.3B | $384.7B | $404.3B |
| Equity | $93.8B | $100.6B | $105.7B |
| ROE | - | 17.4% | 16.2% |
| Per Share | |||
| EPS | $2.75 | $4.14 | $4.06 |
| Cash Flow | |||
| Operating CF | $37.5B | $36.9B | $37.1B |
Source: XBRL data in Verizon (VZ)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate VZ share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 71 | $61.33B |
| Q1 2026 | 71 | $72.16B |
| Q4 2025 | 67 | $59.58B |
| Q3 2025 | 72 | $66.41B |
| Q2 2025 | 71 | $62.41B |
| Q1 2025 | 66 | $47.14B |
| Q4 2024 | 58 | $33.44B |
| Q3 2024 | 52 | $17.99B |
- BlackRock+30.19M (+8%)
- JPMorgan Chase & Co+8.26M (+25%)
- Citigroup+3.42M (+63%)
- Raymond James Financial+2.36M (+8%)
- Goldman Sachs Group+2.01M (+6%)
- Ameriprise Financial−9.85M (-38%)
- BNY Mellon−7.81M (-20%)
- FMR LLC (Fidelity)−5.19M (-17%)
- State Street Corp−5.18M (-2%)
- Morgan Stanley−3.77M (-5%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 528 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
VZ filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 30, 2026 | - | - | - |
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
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VZ SEC filings: frequently asked questions
Are VZ insiders buying or selling?
In the last 90 days, Verizon (VZ) officers, directors and 10% owners reported no open-market purchases and 7 open-market sales worth $378,906 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold VZ stock?
As of June 30, 2026, the largest Verizon (VZ) holders among the 13F filers tracked by SignalX were BlackRock ($16.9 billion), Vanguard Capital Management LLC ($11.0 billion), State Street Corp ($8.9 billion), Vanguard Portfolio Management LLC ($3.3 billion), Morgan Stanley ($3.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was VZ's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Verizon (VZ) reported revenue of $138.2 billion (up 2.5% from FY2024) and net income of $17.2 billion. Diluted EPS was $4.06. The figures come from the XBRL data in the 10-K.
What are the main risks in VZ's latest 10-K?
In the 10-K filed February 17, 2026, Verizon (VZ) flagged: Regulatory risk: Impact of One Big Beautiful Bill legislation reducing cash tax payments, improving operating cash flow by $225 million in 2025 vs 2024. Geopolitical/macroeconomic threat: Foreign-denominated debt $38.2 billion (23.6% of total), primarily Euro and British Pound, requiring currency swap hedging. (AI summary of the Risk Factors section.)
What did VZ report in its latest 8-K?
Verizon (VZ) filed an 8-K on September 29, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Charles Phillips, Recognize Partners LP co-founder and managing partner, elected Verizon director effective September 25, 2026.
What are the latest VZ SEC filings?
Verizon (VZ) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on September 30, 2026.
What is VZ's SEC CIK number?
Verizon (VZ)'s SEC Central Index Key (CIK) is 732712. EDGAR lists every VZ filing under that number.
Ask anything about VZ
The research agent reads VZ's filings, financials, insider trades and 13F holders, then answers with sources.