Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Selling fewer phones lifted the profit
Phones are sold below cost, so fewer upgrades shrank a loss and lifted operating income faster than revenue.
For investorsHow much of the margin gain can last?
For foundersSelling the device at a loss to own the monthly bill
Interest rose 17.19% against operating income up 6.72%, so less of each operating dollar reaches shareholders.
Depreciation of $5.1B, almost equal to net income, is a non-cash charge, but it stands for network spending that recurs.
Postpaid phone churn fell to 0.94% from 0.98%, so the paying base grew while its revenue recurs every month.
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Business Lens describes Verizon from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
