How often does Verizon Communications move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

VZNYSETelephone Communications (No Radiotelephone)

Verizon Communications Inc (VZ) earnings date, market-implied expected move, and options open interest by expiry

44.75

+1.09 · +2.50%

post 44.74 −0.02%

Closed19:36 ET

Open44.25Volume27.1MMkt cap$185.4BP/E11.41EPS3.92Div yield6.29%

Day44.21 – 45.1358%52-wk36.36 – 50.8858%

Verizon Communications Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 29

before open · in 90 days

est.Q4 FY26

Calendar

Next report

Last report

−3.49%

vs ±3.8% implied · ×0.91

shaded = implied · ▲▼ = realized

Oct 26 '26 · confirmed

Implied vs realized

Largest filed tie

17.00%

of Ribbon Communications revenue

supplierRBBN 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+3.10%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

3,163 managers

Top fund weight

4.14%

VZ weight · XLC

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Verizon Communications (VZ) is expected to report on Jan 29 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±3.7%
avg realized: ±3.8%

Jan 24 '25Jan 24 '25confirmed±3.4%▲+0.92%×0.27

Apr 22 '25Apr 22 '25confirmed±4.4%▲+0.61%×0.14

Jul 21 '25Jul 21 '25confirmed±3.2%▲+4.04%×1.25

Oct 29 '25Oct 29 '25confirmed±3.6%▲+2.26%×0.63

Jan 30 '26Jan 30 '26confirmed±3.5%▲+11.83%×3.39

Q1 FY26Apr 27 '26confirmed±4.9%▲+1.55%×0.32

Q2 FY26Jul 24 '26confirmed±3.1%▲+5.84%×1.87

Q3 FY26Oct 26 '26confirmed±3.8%▼−3.49%×0.91

quarterimplied−15%0+15%realized×

Q3 FY26±3.8%▼−3.49%×0.91

Q2 FY26±3.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.66OI · 10 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

19,557+8%Nov 66d0.9620,380+10%0.96

4,393+1%Nov 1313d0.558,035+7%0.55

63,8700%Nov 2020d0.7683,935+1%0.76

2,355+155%Nov 2727d0.603,903+101%0.60

337+11%Dec 434d0.46732+64%0.46

8—Dec 1141d0.3225—0.32

95,057+2%Dec 1848d1.0293,142+2%1.02

102,901+3%Jan 1576d0.68150,668+4%0.68

report · Jan 29 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 66d19,557+8%20,380+10%0.96

Nov 1313d4,393+1%8,035+7%0.55

Nov 2020d63,8700%83,935

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

15.50%as filednet margin · revenue +0.18% QoQ · +1.45% YoY

Revenue

$34.3B+0.18% QoQ

Gross profit

$21.2B+0.26% QoQ

61.86% margin

Operating income

$8.7B+20.49% QoQ

25.21% margin

Pre-tax income

$6.8B+29.26% QoQ

Net income

$5.3B+34.72% QoQ

15.50% margin

Cost of revenue

$13.1B+0.03% QoQ

Operating expenses

$12.6B−10.11% QoQ

SG&A $7.5B

Depreciation $5.1B

Other expense

$1.8B

Tax

$1.5B+12.98% QoQ

Revenue$34.3B+0.18%

Gross profit

$21.2B+0.26%

61.86% margin

Operating income

$8.7B+20.49%

25.21% margin

Pre-tax income

$6.8B+29.26%

Net income

$5.3B+34.72%

15.50% margin

Cost of revenue

$13.1B+0.03%

Operating expenses

$12.6B−10.11%

SG&A $7.5B

Depreciation $5.1B

Other expense

$1.8B

Tax$1.5B+12.98%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:30 ET

Intraday

Event sensitivity

PPI ×2.39· ±2.4% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.4%7 of 10×2.39

CPIconsumer prices±1.3%3 of 10×1.28

FOMCrate decision±1.1%6 of 24×1.07

GDPgross domestic product±1.0%10 of 19×1.00

PCEpersonal income & outlays±1.0%12 of 19×0.96

NFPjobs report±0.8%5 of 10×0.78

CPROFcorporate profits±0.5%5 of 12×0.54

Bar = avg |move| to ±3% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 1.25 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 26 '26 · confirmed	1.25	—
Q2 FY26	Jul 24 '26 · confirmed	0.92	—
Q1 FY26	Apr 27 '26 · confirmed	1.20	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod