Verizon (VZ) is a telecom staple with typically modest headline averages — but a recent heating two-year regime and a ~76% beat rate make the implied-vs-actual tension worth studying. Below is its earnings behaviour based on the last 16 reports (roughly the past 10 years), as of July 14, 2026.
VZ earnings at a glance
VZ’s decade-long average earnings move is about ±4.5%, but the last two years have run hotter at ±6.1%. The 95th-percentile tail is about ±9.8%; January 2026 peaked near +12.1% against a much lower implied move.
Does VZ beat its implied move?
The implied move is what the options market prices in before the report. VZ’s actual move has topped the implied move in about 76% of recent reports (13 of 17).
2yr avg
How VZ’s moves are distributed
The distribution is tight-to-moderate with upside spikes: most Verizon earnings moves stay under ±6.6%, but fiber/ARPU guidance resets can push peaks toward ±9.8% or beyond.
Recent VZ earnings
January 2026 peaked near +12.1% vs ~±3.7% implied — a dramatic beat. October 2023 peaked near +9.8% vs ~±4.2% implied. Telecom can look like a low-beta sector until guidance moves the stock.
IV rush and IV crush on VZ
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush). With a ~76% beat rate and a heating two-year regime, compare the live implied to both the decade and two-year averages — not just the headline ±4.4%.
What VZ’s earnings data means for options
These figures are a reference point, not a signal. Verizon clears its implied move in roughly seven of every ten reports (~69%). Compare the live implied move in the EarningsWatcher app — VZ has an earnings simulator.
- According to EarningsWatcher data, options price a ±6.4% move for VZ's October 26, 2026 earnings report (as of October 10, 2026).
- VZ has averaged a ±4.5% earnings-day move across its last 40 reports (10-year history, per EarningsWatcher).
- VZ's actual earnings move exceeded the options-implied move in 71% of those reports.
Frequently asked questions
When is Verizon (VZ) earnings date in July 2026?
Verizon reported Q2 2026 results on Friday, July 24, 2026, before the market open (BMO).
What is VZ's implied move for earnings July 24, 2026?
Options priced a plus or minus 3.7% move into the July 24, 2026 report — below the plus or minus 6.1% two-year average and below the plus or minus 4.4% decade average. The stock then moved up 6.0% at its intraday peak and finished up 5.8% at the close.
How much does VZ move on earnings?
Over its last 16 earnings reports (as of July 2026), Verizon's average earnings-day peak move was about plus or minus 4.4%, with a median near plus or minus 3.7%. The last two years have averaged about plus or minus 6.1%. The 95th-percentile move is about plus or minus 9.8%.
Does VZ usually beat its implied move?
More often than not. VZ's actual move has topped its options-implied move in about 76% of recent reports (roughly 13 of 17).