AT&T vs Verizon: financial comparison Compare AT&T and Verizon side by side: valuation, margins, growth, cash and dividends, with the quarterly history of both. Yahoo Finance data, free and no sign-up.
AT&T vs Verizon: key metrics AT&TUSD VerizonUSD Valuation Market cap 174.32 B USD 194.71 B USD P/E (TTM) 8.51 12.20 Forward P/E 9.90 8.88 Price / Sales 1.37 1.40 EV / EBITDA 7.53 7.56 Price / Book 1.58 1.87 Margins & growth Profit margin +16.94% +11.64% Operating margin +24.79% +23% Quarterly revenue (YoY) — -0.73% Quarterly earnings (YoY) — -23.35% Cash flow FCF yield +5.82% +8.97% Stock-based compensation — — Balance Cash 17.57 B USD 1.80 B USD Debt 165.76 B USD 193.65 B USD Net position -148.19 B USD -191.85 B USD Dividend Dividend yield +4.42% +6.09% Payout ratio +36.63% +72.79%
Each column shows figures in that company's reporting currency (shown in the header); they are not converted. Ratios and percentages are currency-independent.
Price, rebased to 100 AT&T124 Verizon86
50 100 150 2021 2026 P/E (TTM) AT&T8.4× Verizon12.2×
0 100 200 2021 2026 Both curves start at 100 on the same day, so this compares returns rather than prices. Each week's P/E is the price divided by the earnings per share already reported by that date; loss-making weeks are not drawn.
What analysts expect Consensus revenue and earnings per share for the periods not yet reported.
Quarterly Annual
Revenue forecast · AT&T Reported Estimate⤢
0 10B 20B 30B Q3 25: 30.71 B USD Q3 25 Q4 25: 33.47 B USD Q4 25 Q1 26: 31.51 B USD Q1 26 Q2 26: 31.56 B USD Q2 26 Q3 26 · Estimate: 31.68 B USD (31.24 B USD – 31.91 B USD) Q3 26 Q4 26 · Estimate: 34.55 B USD (33.96 B USD – 35.25 B USD) Q4 26 USD Consensus of 18 analysts for Q3 26 · +3.15% year on year
Revenue forecast · Verizon Reported Estimate⤢
0 10B 20B 30B Q3 25: 33.82 B USD Q3 25 Q4 25: 36.38 B USD Q4 25 Q1 26: 34.44 B USD Q1 26 Q2 26: 34.25 B USD Q2 26 Q3 26 · Estimate: 34.89 B USD (34.49 B USD – 35.62 B USD) Q3 26 Q4 26 · Estimate: 37.34 B USD (36.88 B USD – 37.83 B USD) Q4 26 USD Consensus of 17 analysts for Q3 26 · +3.15% year on year
EPS forecast · AT&T Reported Estimate⤢
0 0.2 0.4 0.6 Q3 25: 0.54 · expected 0.54 (+0.45%) Q3 25 Q4 25: 0.52 · expected 0.47 (+11.58%) Q4 25 Q1 26: 0.57 · expected 0.55 (+3.42%) Q1 26 Q2 26: 0.65 · expected 0.59 (+10.49%) Q2 26 Q3 26 · Estimate: 0.60 (0.56 – 0.64) Q3 26 Q4 26 · Estimate: 0.52 (0.48 – 0.58) Q4 26 Consensus of 18 analysts for Q3 26 · +11.86% year on year · adjusted earnings
EPS forecast · Verizon Reported Estimate⤢
0 0.5 1 Q3 25: 1.21 · expected 1.19 (+1.53%) Q3 25 Q4 25: 1.09 · expected 1.06 (+3.28%) Q4 25 Q1 26: 1.28 · expected 1.21 (+5.81%) Q1 26 Q2 26: 1.30 · expected 1.27 (+2.71%) Q2 26 Q3 26 · Estimate: 1.28 (1.23 – 1.31) Q3 26 Q4 26 · Estimate: 1.16 (1.12 – 1.21) Q4 26 Consensus of 17 analysts for Q3 26 · +5.54% year on year · adjusted earnings
Analyst consensus from Yahoo Finance. The dashed bar is the average and the whisker runs from the lowest analyst to the highest. On periods already reported, the green or red line marks what had been expected: below the bar means the company beat it. EPS is measured on an adjusted basis, which is what analysts forecast against and is not the accounting profit in the statements.
Compared over time Quarterly Annual
0 10B 20B 30B Q1 22 · AT&T: 29.71 B USD Q1 22 · Verizon: 33.55 B USD Q1 22 Q2 22 · AT&T: 29.64 B USD Q2 22 · Verizon: 33.79 B USD Q3 22 · AT&T: 30.04 B USD Q3 22 · Verizon: 34.24 B USD Q4 22 · AT&T: 31.34 B USD Q4 22 · Verizon: 35.25 B USD Q4 22 Q1 23 · AT&T: 30.14 B USD Q1 23 · Verizon: 32.91 B USD Q2 23 · AT&T: 29.92 B USD Q2 23 · Verizon: 32.60 B USD Q3 23 · AT&T: 30.35 B USD Q3 23 · Verizon: 33.34 B USD Q3 23 Q4 23 · AT&T: 32.02 B USD Q4 23 · Verizon: 35.13 B USD Q1 24 · AT&T: 30.03 B USD Q1 24 · Verizon: 32.98 B USD Q2 24 · AT&T: 29.80 B USD Q2 24 · Verizon: 32.80 B USD Q2 24 Q3 24 · AT&T: 30.21 B USD Q3 24 · Verizon: 33.33 B USD Q2 25 · AT&T: 30.85 B USD Q2 25 · Verizon: 34.50 B USD Q3 25 · AT&T: 30.71 B USD Q3 25 · Verizon: 33.82 B USD Q3 25 Q4 25 · AT&T: 33.47 B USD Q4 25 · Verizon: 36.38 B USD Q1 26 · AT&T: 31.51 B USD Q1 26 · Verizon: 34.44 B USD Q2 26 · AT&T: 31.56 B USD Q2 26 · Verizon: 34.25 B USD Q2 26 USD -20B -10B 0 Q1 22 · AT&T: 4.81 B USD Q1 22 · Verizon: 4.58 B USD Q1 22 Q2 22 · AT&T: 4.16 B USD Q2 22 · Verizon: 5.20 B USD Q3 22 · AT&T: 6.03 B USD Q3 22 · Verizon: 4.90 B USD Q4 22 · AT&T: -23.52 B USD Q4 22 · Verizon: 7.07 B USD Q4 22 Q1 23 · AT&T: 4.23 B USD Q1 23 · Verizon: 4.91 B USD Q2 23 · AT&T: 4.49 B USD Q2 23 · Verizon: 4.65 B USD Q3 23 · AT&T: 3.50 B USD Q3 23 · Verizon: 4.76 B USD Q3 23 Q4 23 · AT&T: 2.19 B USD Q4 23 · Verizon: -2.22 B USD Q1 24 · AT&T: 3.45 B USD Q1 24 · Verizon: 4.60 B USD Q2 24 · AT&T: 3.60 B USD Q2 24 · Verizon: 4.59 B USD Q2 24 Q3 24 · AT&T: -174.00 M USD Q3 24 · Verizon: 3.31 B USD Q2 25 · AT&T: 4.50 B USD Q2 25 · Verizon: 5.00 B USD Q3 25 · AT&T: 9.31 B USD Q3 25 · Verizon: 4.95 B USD Q3 25 Q4 25 · AT&T: 3.79 B USD Q4 25 · Verizon: 2.34 B USD Q1 26 · AT&T: 3.83 B USD Q1 26 · Verizon: 5.05 B USD Q2 26 · AT&T: 4.63 B USD Q2 26 · Verizon: 3.84 B USD Q2 26 USD Free cash flow AT&T Verizon
0 2B 4B 6B Q2 18 · Verizon: 6.50 B USD Q2 18 Q3 18 · Verizon: 5.62 B USD Q4 18 · Verizon: 3.46 B USD Q1 19 · AT&T: 5.93 B USD Q1 19 · Verizon: 2.81 B USD Q1 19 Q2 19 · Verizon: 5.06 B USD Q3 19 · Verizon: 6.55 B USD Q1 20 · AT&T: 3.90 B USD Q1 20 Q1 21 · AT&T: 5.89 B USD Q1 22 · AT&T: 1.16 B USD Q1 23 · AT&T: 2.34 B USD Q1 23 Q1 24 · AT&T: 3.79 B USD Q2 25 · AT&T: 4.87 B USD Q2 25 · Verizon: 5.06 B USD Q3 25 · AT&T: 5.27 B USD Q3 25 · Verizon: 6.85 B USD Q3 25 Q4 25 · AT&T: 4.54 B USD Q4 25 · Verizon: 4.26 B USD Q1 26 · AT&T: 2.68 B USD Q1 26 · Verizon: 3.70 B USD Q2 26 · AT&T: 5.17 B USD Q2 26 · Verizon: 5.35 B USD Q2 26 USD -2 0 Q1 22 · AT&T: 0.65 Q1 22 · Verizon: 1.09 Q1 22 Q2 22 · AT&T: 0.56 Q2 22 · Verizon: 1.24 Q3 22 · AT&T: 0.80 Q3 22 · Verizon: 1.17 Q4 22 · AT&T: -3.14 Q4 22 · Verizon: 1.56 Q4 22 Q1 23 · AT&T: 0.57 Q1 23 · Verizon: 1.17 Q2 23 · AT&T: 0.61 Q2 23 · Verizon: 1.10 Q3 23 · AT&T: 0.48 Q3 23 · Verizon: 1.13 Q3 23 Q4 23 · AT&T: 0.31 Q4 23 · Verizon: -0.65 Q1 24 · AT&T: 0.47 Q1 24 · Verizon: 1.09 Q2 24 · AT&T: 0.49 Q2 24 · Verizon: 1.09 Q2 24 Q3 24 · AT&T: -0.03 Q3 24 · Verizon: 0.78 Q2 25 · AT&T: 0.62 Q2 25 · Verizon: 1.18 Q3 25 · AT&T: 1.29 Q3 25 · Verizon: 1.17 Q3 25 Q4 25 · AT&T: 0.53 Q4 25 · Verizon: 0.55 Q1 26 · AT&T: 0.54 Q1 26 · Verizon: 1.20 Q2 26 · AT&T: 0.66 Q2 26 · Verizon: 0.92 Q2 26 -10B 0 10B Q1 22 · AT&T: 10.00 B USD Q1 22 · Verizon: 12.03 B USD Q1 22 Q2 22 · AT&T: 9.41 B USD Q2 22 · Verizon: 11.87 B USD Q3 22 · AT&T: 10.53 B USD Q3 22 · Verizon: 12.22 B USD Q4 22 · AT&T: -16.50 B USD Q4 22 · Verizon: 11.44 B USD Q4 22 Q1 23 · AT&T: 10.63 B USD Q1 23 · Verizon: 11.90 B USD Q2 23 · AT&T: 11.08 B USD Q2 23 · Verizon: 11.58 B USD Q3 23 · AT&T: 10.49 B USD Q3 23 · Verizon: 11.90 B USD Q3 23 Q4 23 · AT&T: 10.04 B USD Q4 23 · Verizon: 5.12 B USD Q1 24 · AT&T: 10.89 B USD Q1 24 · Verizon: 11.97 B USD Q2 24 · AT&T: 10.83 B USD Q2 24 · Verizon: 12.30 B USD Q2 24 Q3 24 · AT&T: 7.20 B USD Q3 24 · Verizon: 10.38 B USD Q2 25 · AT&T: 13.00 B USD Q2 25 · Verizon: 12.88 B USD Q3 25 · AT&T: 17.67 B USD Q3 25 · Verizon: 12.81 B USD Q3 25 Q4 25 · AT&T: 11.18 B USD Q4 25 · Verizon: 9.34 B USD Q1 26 · AT&T: 12.18 B USD Q1 26 · Verizon: 13.62 B USD Q2 26 · AT&T: 12.67 B USD Q2 26 · Verizon: 12.27 B USD Q2 26 USD Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.