Regulation FD Disclosure (Form 8-K)

On January 30, 2026, on its earnings call, Verizon Communications Inc. (the Company) described its earnings and cash flow expectations for 2026, which are based on significant changes to our cost structure and our strategic approach to the market. We expect that the changes we are making will provide us with the funding necessary to continue to invest in our business for long-term growth, continue to reduce our net unsecured debt to Adjusted EBITDA ratio, and provide us with the capacity to return approximately $55 billion of value to our stockholders in the form of dividend payments and share repurchases through the end of 2028.

As part of this capital return plan, on January 30, 2026, the Board of Directors of the Company declared a quarterly dividend of $0.7075 on each outstanding share of common stock payable on May 1, 2026 to stockholders of record of such stock at the close of business on April 10, 2026. This represents an annualized increase of $0.07 per share, or 2.5%, from our prior annual dividend rate.

Also on January 30, 2026, the Board of Directors of the Company authorized a share repurchase program for up to $25 billion of our common stock. The program will terminate when the aggregate consideration paid to purchase shares of our common stock reaches $25 billion, exclusive of any fees, commissions or other expenses, or a new share repurchase plan superseding the current plan is authorized, whichever is sooner. Under the program, shares may be repurchased in privately negotiated transactions, on the open market, or otherwise, including through plans complying with Rule 10b5-1or Rule 10b-18under the Securities Exchange Act of 1934.

We expect to repurchase at least $3 billion of common stock under this authorization in 2026. The timing and number of shares purchased under the program, if any, will depend on prevailing stock prices, general economic and market conditions, and other considerations. The share repurchase program does not obligate us to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time at our discretion.