Verizon Communications Inc VZ

Revenue Intelligence Report • 70 quarters of SEC filing data • Updated 2026-03-06

Verizon Communications Inc. has demonstrated a robust revenue generation capability, with recent quarterly revenues reaching $36.4 billion, driven significantly by efficient SG&A spending that yields a long-run revenue multiplier of 1.57. Despite a slight year-over-year revenue forecast decline of 0.6% to $137 billion, the company's model accuracy remains strong, as evidenced by a holdout test error of only 3.4%. Investors can take confidence in the company's ability to leverage its spending effectively, positioning it for sustainable growth in a competitive market. Overall, Verizon's strategic focus on operational efficiency and revenue optimization remains a key driver of its financial performance.

Next FY Revenue
$137.33B
-0.6% YoY
SG&A Multiplier
$1.57 per $1
Model Accuracy
2.2% MAPE
Holdout validation: The model predicted $35B vs the actual $36B — an error of 3.4%.
Note: Verizon Communications Inc does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

VZ Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $35B $36B $33B – $37B -1.5% ✓ In range
Q2 2026 $34B $32B – $37B +1.9%
Q3 2026 $34B $31B – $37B -0.1%
Q4 2026 $34B $31B – $37B +0.5%
Q1 2027 $35B $31B – $39B -4.6%

How Spending Drives Revenue

VZ Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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