VERIZON COMMUNICATIONS INC VZ

Communication services SIC 4813 - Telephone Communications (No Radiotelephone) NAICS Information › Telecommunications › Wired and Wireless Telecommunications (except Satellite) › Wired and Wireless Telecommunications Carriers (except Satellite) › Wired Telecommunications Carriers derived NYSE

Verizon Communications Inc. (the Company) is a holding company that, acting through its subsidiaries (together with the Company, collectively, Verizon), is one of the world's leading providers of communications, technology, information and streaming products and services to consumers, businesses and government entities. With a presence around the world, we offer data, video and voice services and solutions on our networks and platforms that are designed to meet customers' demand for mobility, reliable network connectivity and security.

We have two reportable segments that we operate and manage as strategic business units - Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

Last close 44.66 2026-10-23
Market cap $185.55B 2026-06-30 share count
52-week range 10.60 - 51.68

Valuation FY2025 figures against the last close

P/S1.3x
P/E11.0x
P/FCF5.0x
EV/EBITDA4.1x
Dividend yield6.2%
Diluted EPS4.06

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $138.19B$134.79B$133.97B$136.84B$133.61B$128.29B$131.87B$130.86B$126.03B$125.98B
Cost of revenue ————————$30.92B$30.46B
Gross profit ————————$95.12B$95.52B
SG&A $33.82B$34.11B$32.74B$30.14B$28.66B$31.57B$29.90B$31.08B$28.59B$28.10B
Total operating expenses $108.93B$106.10B$111.10B$106.37B$101.17B$99.49B$101.49B$108.58B$98.61B$96.73B
Operating income $29.26B$28.69B$22.88B$30.47B$32.45B$28.80B$30.38B$22.28B$27.43B$29.25B
Interest expense $6.69B$6.65B$5.52B$3.61B$3.48B$4.25B$4.73B$4.83B$4.73B$4.38B
Pre-tax income $22.67B$22.98B$16.99B$28.27B$29.42B$23.97B$22.73B$19.62B$20.59B$20.99B
Income tax $5.06B$5.03B$4.89B$6.52B$6.80B$5.62B$2.94B$3.58B$9.96B$7.38B
Net income $17.61B$17.95B$12.10B$21.75B$22.62B$17.80B$19.27B$15.53B$30.10B$13.13B
EPS, basic 4.064.152.765.065.324.304.663.767.373.22
EPS, diluted 4.064.142.755.065.324.304.653.767.363.21
Shares, diluted (wtd. avg.) 4.23B4.22B4.21B4.20B4.15B4.14B4.14B4.13B4.09B4.09B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $19.05B$4.19B$3.50B$4.11B$4.16B$23.50B$3.92B$3.92B$2.89B$3.18B
Receivables ————$23.85B$23.92B$25.43B$25.10B$23.49B$17.51B
Inventory $2.44B$2.25B$2.06B$2.39B$3.06B$1.80B$1.42B$1.34B$1.03B$1.20B
Total current assets $56.92B$40.52B$36.81B$37.86B$36.73B$54.59B$37.47B$34.64B$29.91B$26.39B
Property, plant and equipment $109.47B$108.52B$108.31B$107.43B$99.70B$94.83B$91.92B$89.29B$88.57B$84.75B
Goodwill $22.84B$22.84B$22.84B$28.67B$28.60B$24.77B$24.39B$24.61B$29.17B$27.20B
Other intangibles $10.46B$11.13B$11.06B$11.46B$11.68B$9.41B$9.50B$9.78B$10.25B$8.90B
Total assets $404.26B$384.71B$380.25B$379.68B$366.60B$316.48B$291.73B$264.83B$257.14B$244.18B
Accounts payable $12.15B$10.43B$10.02B$8.75B$8.04B$6.67B$7.72B$7.23B$7.06B$7.08B
Short-term debt $18.62B$22.63B$12.97B$9.96B$7.44B$5.89B$10.78B$7.19B$3.45B$2.65B
Total current liabilities $62.37B$64.77B$53.22B$50.17B$47.16B$39.66B$44.87B$37.93B$33.04B$30.34B
Retained earnings $94.74B$89.11B$82.92B$82.38B$71.99B$60.46B$53.15B$43.54B$35.63B$15.06B
Total equity $105.74B$100.58B$93.80B$92.46B$83.20B$69.27B$62.84B$54.71B$44.69B$24.03B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $37.14B$36.91B$37.48B$37.14B$39.54B$41.77B$35.75B$34.34B$24.32B$21.69B
Depreciation and amortisation $15.35B$15.11B$14.94B$14.59B$14.12B$14.28B$14.37B$15.19B$14.74B$14.23B
Stock-based compensation —————————$400.0M
Capital expenditure ———————$16.66B$17.25B$17.06B
Investing cash flow -$16.66B-$18.67B-$23.43B-$28.66B-$67.15B-$23.51B-$17.58B-$17.93B-$18.46B-$9.87B
Financing cash flow -$5.61B-$17.10B-$14.66B-$8.53B$8.28B$1.32B-$18.16B-$15.38B-$6.15B-$13.38B
Dividends paid $11.48B$11.25B$11.03B$10.80B$10.45B$10.23B$10.02B$9.77B$9.47B$9.26B
Buybacks ————————$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000210.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50B 100B 150B Revenue, FY2016: 126B Gross profit, FY2016: 95.5B Net income, FY2016: 13.1B Revenue, FY2017: 126B Gross profit, FY2017: 95.1B Net income, FY2017: 30.1B Revenue, FY2018: 130.9B Net income, FY2018: 15.5B Revenue, FY2019: 131.9B Net income, FY2019: 19.3B Revenue, FY2020: 128.3B Net income, FY2020: 17.8B Revenue, FY2021: 133.6B Net income, FY2021: 22.6B Revenue, FY2022: 136.8B Net income, FY2022: 21.7B Revenue, FY2023: 134B Net income, FY2023: 12.1B Revenue, FY2024: 134.8B Net income, FY2024: 17.9B Revenue, FY2025: 138.2B Net income, FY2025: 17.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $125.98B $126.03B $130.86B $131.87B $128.29B $133.61B $136.84B $133.97B $134.79B $138.19B
Gross profit $95.52B $95.12B — — — — — — — —
Net income $13.13B $30.10B $15.53B $19.27B $17.80B $22.62B $21.75B $12.10B $17.95B $17.61B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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