Q4 24 EPS
$1.10
BEAT +0.32%
Est. $1.10
Q4 24 Revenue
$35.68B
BEAT +0.95%
Est. $35.34B
Full Year 2024 Results
FY 24 EPS
$4.59
FY 24 Revenue
$134.79B
Did VZ Beat Earnings? Q4 2024 Results
Verizon closed out 2024 on a steady footing, reporting Q4 adjusted EPS of $1.10, up modestly from $1.08 a year earlier, as total revenue of $35.68 billion rose 1.6% year over year. The quarter's most consequential driver was subscriber momentum, with… Read more Verizon closed out 2024 on a steady footing, reporting Q4 adjusted EPS of $1.10, up modestly from $1.08 a year earlier, as total revenue of $35.68 billion rose 1.6% year over year. The quarter's most consequential driver was subscriber momentum, with nearly 1 million combined postpaid mobile and broadband net additions, the company's strongest quarterly result in over a decade. Total postpaid phone net additions reached 568,000, a 26.5% improvement over the prior year, while wireless service revenue of $20.00 billion grew 3.1%, extending its run to 18 consecutive quarters of sequential gains. On a GAAP basis, EPS of $1.18 compared favorably to a loss of $0.64 in Q4 2023, when a $5.84 billion goodwill impairment weighed heavily on results. Looking ahead, Verizon guided for 2025 wireless service revenue growth of 2.0% to 2.8%, adjusted EPS growth of 0% to 3.0%, and free cash flow of $17.50 billion to $18.50 billion, with the pending Frontier acquisition and satellite partnerships cited as key strategic priorities.
Key Takeaways
- • Pricing actions implemented in recent quarters driving wireless service revenue growth
- • Sales of perks and add-on services boosting ARPA
- • Strong fixed wireless access adoption growing broadband base
- • 568,000 postpaid phone net additions in Q4, up 26.5% YoY
- • Consumer ARPA growth of 4.2% year over year to $139.77
- • One-time $2.0 billion contribution from Vertical Bridge tower transaction supporting free cash flow
- • Net unsecured debt reduced by more than $12.7 billion year over year
VZ YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
VZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“With innovations powered by the best network in the country, we are bringing the best experiences to our customers, in life and work. Customizable offerings like myPlan, myHome, Verizon Business Complete and Total Wireless feature the control, simplicity and value our customers expect.”
— Hans Vestberg, Q4 2024 Earnings Press Release
VZ Earnings Trends
VZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VZ EPS Trend
Earnings per share: estimate vs actual
VZ Revenue Trend
Quarterly revenue: estimate vs actual
VZ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.21 | $1.28 | +6.18% | $34.44B | -1.22% |
| Q4 25 BEAT FY | $1.06 | $1.09 | +3.28% | $36.38B | +0.51% |
| FY Full Year | — | $4.71 | — | $138.19B | — |
| Q3 25 BEAT | $1.19 | $1.21 | +1.54% | $33.82B | -1.31% |
| Q2 25 BEAT | $1.20 | $1.22 | +2.05% | $34.50B | +2.84% |
| Q1 25 BEAT | $1.15 | $1.19 | +3.64% | $33.49B | +0.61% |
| Q4 24 BEAT FY | $1.10 | $1.10 | +0.32% | $35.68B | +0.95% |
| FY Full Year | — | $4.59 | — | $134.79B | — |