AT&T vs Verizon: revenue, margins and growth
The two largest US wireless and broadband carriers.
Below: each company's latest quarter against the same quarter a year earlier, and its valuation at the latest close. For the rest (segments, risks, five-year trends), connect Clarifo to ChatGPT and ask: every answer cites the filing it came from.
AT&T and Verizon: latest quarter
Each company's latest reported quarter against the same quarter a year earlier, in its reporting currency. Quarters are the companies' own fiscal quarters. Growth and margins are computed from the reported figures.
| Metric | AT&TQ2/2026 | VerizonQ3/2026 |
|---|---|---|
| Revenue | – | 34.3+1.5% |
| Operating profit (EBIT) | – | 8.7+6.7% |
| Operating margin | – | 25.2%+1.2 pp |
| Profit before tax | – | 6.8+4.4% |
| Net profit | 0.2 | 5.2+5.0% |
| Earnings per share | – | 1.25+6.8% |
| Operating cash flow | – | 11.5+2.2% |
| Return on equity, 12 months | – | 15.4% |
| Equity ratio | – | 25.8%-1.6 pp |
Amounts in billions of each company's reporting currency (AT&T: SEK, Verizon: USD); earnings per share in the same currency. The smaller line is the change from the same quarter a year earlier (pp = percentage points).
The two companies' latest quarters are different periods, because their fiscal years end on different dates or one has reported more recently.
AT&T vs Verizon valuation
Market value at the latest stored closing price. Multiples use the latest full fiscal year's earnings, revenue and cash flow; enterprise value adds net debt to market capitalisation. A dash means not available or not meaningful (for example a loss).
| Measure | AT&TClose 2026-10-23 | VerizonClose 2026-10-23 |
|---|---|---|
| Share price | 21.00 | 44.63 |
| Market capitalisation | 151.7 | 188.8 |
| P/E | 6.9 | 11.0 |
| EV/EBIT | 6.2 | 7.1 |
| EV/EBITDA | 3.3 | 4.4 |
| P/S | 1.2 | 1.4 |
| Free cash flow yield | 12.8% | – |
Market capitalisation in USD billions; share price in the same currency. Multiples are times earnings, EBIT, EBITDA or revenue of the latest full fiscal year (AT&T FY 2025, Verizon FY 2025).
Compare AT&T and Verizon in ChatGPT
With the Clarifo app connected, ChatGPT answers from the filings and links each figure to its source page. Open a question, or copy it into any assistant that has Clarifo.
- Revenue and margins
Compare AT&T and Verizon revenue and operating margin over the last five fiscal years. Show the figures from each 10-K.
- Segments
Which business segments drive AT&T's and Verizon's revenue, and how fast did each grow in the latest fiscal year? Use the segment notes.
- Cash flow
Compare AT&T and Verizon operating cash flow, capital expenditure and free cash flow for the latest fiscal year. Cite the cash flow statements.
- Risks
Which risk factors does AT&T list in its latest 10-K that Verizon does not, and the other way round? Quote the sections.
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