---
schema_version: "secwatch.filing_event.v1"
accession: "0000732712-23-000060"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:14:18.135153+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Verizon Q3 EPS $1.13 ($1.22 adj), revenue down 2.6%, raises free cash flow guidance above $18B

## Summary
- Adjusted Q3 EPS $1.22 (GAAP $1.13) vs $1.32 a year ago; revenue $33.3B (-2.6%).
- Net income $4.9B (-2.8%); consolidated adjusted EBITDA $12.2B (+0.2%).
- Raises FY free cash flow guidance to >$18B from ~$17B; capex at upper end of $18.25-19.25B.
- Total broadband net adds 434k (384k fixed wireless); wireless service revenue up 2.9% to $19.3B.
- Consumer operating margin improved to 29.9%; Business operating income fell 22.8% on wireline declines.

## SEC filing metadata
- accession: 0000732712-23-000060
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000073271223000060/0000732712-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000073271223000060/vz-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000732712-23-000060
- JSON: https://secwatch.observer/filing/0000732712-23-000060.json
- Plain text: https://secwatch.observer/filing/0000732712-23-000060.txt

## Key facts
- Earnings Releases
  VERIZON COMMUNICATIONS INC reported third quarter of 2023 results: revenue $33.3 billion, net income $4.9 billion, EPS $1.13. Guidance raised.
  - Period: third quarter of 2023
  - Revenue: $33.3 billion
  - Net income: $4.9 billion
  - EPS: $1.13
  - Guidance: raised
  - Result: reported results
  source text: in EPS, compared with $1.17 in third-quarter 2022; adjusted EPS 1 , excluding special items, of $1.22, compared with $1.32 in third-quarter 2022. • Total operating revenue of $33.3 billion, a decrease of 2.6 percent from third-quarter 2022. • Year-to-date cash flow from operations of $28.8 billion, an increase from $28.2 billion in 2022. • Free cash flow 1
  evidence_url: https://www.sec.gov/Archives/edgar/data/732712/000073271223000060/0000732712-23-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.