Verizon Master Trust 10-D

Exhibit 99.8


Monthly Investor Report: Verizon Master Trust - VZMT 2025-1

Offered Notes

Anticipated Redemption Date

Final Maturity Date

Issuance Note Balance

SOFR: Days in the Interest Period

Note Interest Rate

SOFR Adjustment Date

SOFR30A

Total

Class A

1/20/28

01/21/2031

$534,600,000.00

4.71%

4.71

Class B

1/20/28

01/21/2031

$40,872,000.00

4.94%

4.94

Class C

1/20/28

01/21/2031

$24,528,000.00

5.09%

5.09

Total

$600,000,000.00



Series 2025-1 Allocation % x Group One Available Funds			$37,930,542.02
Amounts paid by the Cap Counterparty			N/A
Available Subordinated Amounts			$0.00
Amounts drawn on the Reserve Account			$0.00
Amounts released from Principal Funding Account			$0.00
Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption
Total Available Funds			$37,930,542.02



Beginning of Period Reserve Account Balance			$6,539,509.54
Required Reserve Amount			$6,539,509.54
Shortfall in Required Reserve Amount			$0.00
Reserve Account funds needed this period (True/False)			FALSE
Reserve Account draw amount required			0.00
Reserve Account Deposit Amount			$0.00
End of Period Reserve Account Balance			$6,539,509.54



Waterfall Distribution	Amount Due		Amount Paid		Shortfall		Carryover Shortfall		Remaining	Available Funds
Master Collateral Agent Fee		$42.88		$42.88		$0.00		$0.00			$37,930,499.14
Owner Trustee Fee		$0.00		$0.00		$0.00		$0.00			$37,930,499.14
Asset Representations Reviewer Fee		$26.96		$26.96		$0.00		$0.00			$37,930,472.18
Supplemental ARR Fee		$107.83		$107.83		$0.00		$0.00			$37,930,364.35
Indenture Trustee Fee		$1,250.00		$1,250.00		$0.00		$0.00			$37,929,114.35
Servicing Fee		$464,218.79		$464,218.79		$0.00		$0.00			$37,464,895.56
Class A Note Interest		$2,098,305.00		$2,098,305.00		$0.00		$0.00			$35,366,590.56
First Priority Principal Payment		$0.00		$0.00		$0.00		$0.00			$35,366,590.56
Class B Note Interest		$168,256.40		$168,256.40		$0.00		$0.00			$35,198,334.16
Second Priority Principal Payment		$0.00		$0.00		$0.00		$0.00			$35,198,334.16
Class C Note Interest		$104,039.60		$104,039.60		$0.00		$0.00			$35,094,294.56
Third Priority Principal Payment		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Reserve Account up to Required Reserve Amount		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Regular Priority Principal Payment		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Supplemental Successor Servicer Fee		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Additional Interest Amounts		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Make-Whole Payments		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Additional Fees and Expenses		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Additional Trust Expenses		$0.00		$0.00		$0.00		$0.00			$35,094,294.56
Class R Interest		$35,094,294.56		$35,094,294.56		$0.00		$0.00			$0.00



Total		$37,930,542.02		$37,930,542.02		$0.00		$0.00



Total Priority Principal Payments and Additional Interest Amounts											$0.00

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Noteholder Payments	Note Balance		PFA Account		Interest Payment		Add’l Interest		Make-Whole		Total Payment
Class A		$0.00		$0.00		$2,098,305.00		$0.00		$0.00		$2,098,305.00
Class B		$0.00		$0.00		$168,256.40		$0.00		$0.00		$168,256.40
Class C		$0.00		$0.00		$104,039.60		$0.00		$0.00		$104,039.60

Total		$0.00		$0.00		$2,370,601.00		$0.00		$0.00		$2,370,601.00



Noteholder Payments	Note Balance		Payment per $ 1,000 of Notes						As of Prior Payment Date				Current Payment Date
Noteholder Payments	per $1,000 of Notes		Interest Payment		Make-Whole Payment		Total Payment		Balance		Note Pool Factor		Balance		Note Pool Factor
Class A		$1,000.00		$3.93		$0.00		$3.93		$534,600,000.00		1.00		$534,600,000.00		1.00
Class B		$1,000.00		$4.12		$0.00		$4.12		$40,872,000.00		1.00		$40,872,000.00		1.00
Class C		$1,000.00		$4.24		$0.00		$4.24		$24,528,000.00		1.00		$24,528,000.00		1.00

Total		$1,000.00		$3.95		$0.00		$3.95		$600,000,000.00		1.00		$600,000,000.00		1.00

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

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Collection Period

Payment Date

Transaction Month

Series Status at End of Prior Payment Date

February 2026

03/20/2026

Revolving

Beginning Period

Add: Deposit

Ending Period

Principal Funding Account Limit

$300,000,000.00

300,000,000.00

Principal Funding Account balance