8-K Announcements
6Apr 27, 2026·SEC
Mar 13, 2026·SEC
Feb 23, 2026·SEC
Verizon Communications Inc. (VZ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Verizon Communications Inc. (VZ) stock price & volume — 10-year historical chart
Verizon Communications Inc. (VZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Verizon Communications Inc. (VZ) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $1.28vs $1.21+5.8% | $34.4Bvs $34.8B-1.2% |
| Q1 2026 | Jan 30, 2026 | $1.09vs $1.05+3.8% | $36.4Bvs $36.1B+0.9% |
| Q4 2025 | Oct 29, 2025 | $1.21vs $1.19+1.7% | $33.8Bvs $34.3B-1.3% |
| Q3 2025 | Jul 21, 2025 | $1.22vs $1.19+2.5% | $34.5Bvs $33.7B+2.3% |
Verizon Communications Inc. (VZ) competitors in Integrated Telecom and Media Groups — business model, growth, and fundamentals comparison
Verizon Communications Inc. (VZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verizon Communications Inc. (VZ) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 126.03B | 130.86B | 131.87B | 128.29B | 133.61B | 136.84B | 133.97B | 134.79B | 138.19B |
Revenue Growth % | 0.04% | 3.83% | 0.77% | -2.71% | 4.15% | 2.41% | -2.09% | 0.61% | 2.52% |
Cost of Revenue | 68.51B | 72.61B | 71.41B | 67.92B | 72.51B | 76.23B | 72.51B | 71.99B | 75.11B |
Gross Profit | 57.52B▲ 0% | 58.26B▲ 1.3% | 60.46B▲ 3.8% | 60.37B▼ 0.1% | 61.11B▲ 1.2% | 60.6B▼ 0.8% | 61.46B▲ 1.4% | 62.8B▲ 2.2% | 63.08B▲ 0.4% |
Gross Margin % | 45.64% | 44.52% | 45.85% | 47.06% | 45.73% | 44.29% | 45.88% | 46.59% | 45.64% |
Gross Profit Growth % | -1.88% | 1.27% | 3.79% | -0.15% | 1.22% | -0.82% | 1.42% | 2.17% | 0.44% |
Operating Expenses | 31B | 28.25B | 29.43B | 30.5B | 29.14B | 30.14B | 32.63B | 32.2B | 33.82B |
Other Operating Expenses | - | - | - | - | - | - | - | - | - |
EBITDA | 43.47B | 47.41B | 47.71B | 46.59B | 48.17B | 47.57B | 46.45B | 48.5B | 47.61B |
EBITDA Margin % | 34.49% | 36.23% | 36.18% | 36.31% | 36.05% | 34.76% | 34.67% | 35.98% | 34.45% |
EBITDA Growth % | 3.91% | 9.06% | 0.63% | -2.36% | 3.4% | -1.26% | -2.34% | 4.39% | -1.83% |
Depreciation & Amortization | 16.95B | 17.4B | 16.68B | 16.72B | 16.21B | 17.1B | 17.62B | 17.89B | 18.35B |
D&A / Revenue % | 13.45% | 13.3% | 12.65% | 13.03% | 12.13% | 12.5% | 13.15% | 13.27% | 13.28% |
Operating Income (EBIT) | 26.52B▲ 0% | 30.01B▲ 13.2% | 31.03B▲ 3.4% | 29.87B▼ 3.7% | 31.96B▲ 7.0% | 30.47B▼ 4.7% | 28.83B▼ 5.4% | 30.6B▲ 6.1% | 29.26B▼ 4.4% |
Operating Margin % | 21.04% | 22.93% | 23.53% | 23.28% | 23.92% | 22.27% | 21.52% | 22.71% | 21.17% |
Operating Income Growth % | 2.35% | 13.15% | 3.41% | -3.74% | 7.02% | -4.69% | -5.37% | 6.15% | -4.39% |
Interest Expense | 4.73B | 4.83B | 4.73B | 4.27B | 3.5B | 3.58B | 5.53B | 6.65B | 6.69B |
Interest Coverage | 5.35x | 5.06x | 5.81x | 6.61x | 9.41x | 8.89x | 4.07x | 4.45x | 4.39x |
Interest / Revenue % | 3.76% | 3.69% | 3.59% | 3.33% | 2.62% | 2.62% | 4.12% | 4.94% | 4.84% |
Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
Pretax Income | 20.59B▲ 0% | 19.62B▼ 4.7% | 22.73B▲ 15.8% | 23.97B▲ 5.4% | 29.42B▲ 22.8% | 28.27B▼ 3.9% | 16.99B▼ 39.9% | 22.98B▲ 35.3% | 22.67B▼ 1.3% |
Pretax Margin % | 16.34% | 15% | 17.24% | 18.68% | 22.02% | 20.66% | 12.68% | 17.05% | 16.41% |
Income Tax | -9.96B | 3.58B | 2.94B | 5.62B | 6.8B | 6.52B | 4.89B | 5.03B | 5.06B |
Effective Tax Rate % | -48.34% | 18.26% | 12.95% | 23.44% | 23.12% | 23.07% | 28.8% | 21.89% | 22.34% |
Net Income | 30.1B▲ 0% | 15.53B▼ 48.4% | 19.27B▲ 24.1% | 17.8B▼ 7.6% | 22.07B▲ 24.0% | 21.26B▼ 3.7% | 11.61B▼ 45.4% | 17.51B▲ 50.7% | 17.17B▼ 1.9% |
Net Margin % | 23.88% | 11.87% | 14.61% | 13.88% | 16.51% | 15.53% | 8.67% | 12.99% | 12.43% |
Net Income Growth % | 129.31% | -48.41% | 24.07% | -7.6% | 23.95% | -3.67% | -45.36% | 50.73% | -1.9% |
EPS (Diluted) | 7.36▲ 0% | 3.76▼ 48.9% | 4.65▲ 23.7% | 4.30▼ 7.5% | 5.32▲ 23.7% | 5.06▼ 4.9% | 2.75▼ 45.7% | 4.15▲ 50.9% | 4.06▼ 2.2% |
EPS Growth % | 129.28% | -48.91% | 23.67% | -7.53% | 23.72% | -4.89% | -45.65% | 50.91% | -2.17% |
EPS (Basic) | 7.37 | 3.76 | 4.66 | 4.30 | 5.32 | 5.06 | 2.76 | 4.15 | 4.06 |
Diluted Shares Outstanding | 4.09B | 4.13B | 4.14B | 4.14B | 4.15B | 4.2B | 4.21B | 4.22B | 4.23B |
Verizon Communications Inc. (VZ) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 257.14B | 264.83B | 291.73B | 316.48B | 366.6B | 379.68B | 380.25B | 384.71B | 404.26B |
Asset Growth % | 5.31% | 2.99% | 10.16% | 8.49% | 15.84% | 3.57% | 0.15% | 1.17% | 5.08% |
PP&E (Net) | 88.57B | 89.29B | 114.61B | 117.36B | 127.58B | 133.56B | 133.04B | 132.99B | 132.97B |
PP&E / Total Assets % | 34.44% | 33.71% | 39.29% | 37.08% | 34.8% | 35.18% | 34.99% | 34.57% | 32.89% |
Total Current Assets | 29.91B | 34.64B | 37.47B | 54.59B | 36.73B | 37.86B | 36.81B | 40.52B | 56.92B |
Cash & Equivalents | 2.08B | 2.75B | 2.59B | 22.17B | 2.92B | 2.6B | 2.06B | 4.19B | 19.05B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 1.03B | 1.34B | 1.42B | 1.8B | 3.06B | 2.39B | 2.06B | 2.25B | 2.44B |
Other Current Assets | 0 | 3.13B | 3.8B | 3.67B | 5.79B | 5.91B | 5.65B | 5.04B | 7.09B |
Long-Term Investments | 1.04B | 671M | 558M | 589M | 1.06B | 1.07B | 953M | 842M | 785M |
Goodwill | 29.17B | 24.61B | 24.39B | 24.77B | 28.6B | 28.67B | 22.84B | 22.84B | 22.84B |
Intangible Assets | 98.66B | 103.91B | 104.56B | 108.28B | 159.3B | 161.26B | 166.72B | 167.74B | 10.46B |
Other Assets | 9.79B | 11.72B | 10.14B | 10.88B | 13.33B | 17.26B | 19.89B | 19.77B | 180.29B |
Total Liabilities | 212.46B | 210.12B | 228.89B | 247.21B | 283.4B | 287.22B | 286.46B | 284.14B | 298.52B |
Total Debt | 117.09B | 113.06B | 133.14B | 150.55B | 177.93B | 176.33B | 174.94B | 168.36B | 200.59B |
Net Debt | 115.02B | 110.32B | 130.55B | 128.38B | 175.01B | 173.73B | 172.88B | 164.16B | 181.55B |
Long-Term Debt | 113.64B | 105.87B | 100.71B | 123.17B | 143.43B | 140.68B | 137.7B | 121.38B | 158.48B |
Short-Term Borrowings | 3.45B | 7.19B | 10.78B | 5.89B | 7.44B | 9.96B | 12.97B | 22.63B | 23.16B |
Capital Lease Obligations | 0 | 0 | 21.65B | 21.48B | 27.06B | 25.69B | 24.27B | 24.34B | 18.95B |
Total Current Liabilities | 33.04B | 37.93B | 44.87B | 39.66B | 47.16B | 50.17B | 53.22B | 64.77B | 62.37B |
Accounts Payable | 7.06B | 7.23B | 7.72B | 6.67B | 8.04B | 8.75B | 10.02B | 10.43B | 24.98B |
Accrued Expenses | 12.69B | 13.79B | 12.31B | 12.56B | 15.17B | 13.35B | 10.82B | 11.05B | 0 |
Deferred Revenue | 4.05B | 4.21B | 4.65B | 4.84B | 6.05B | 6.58B | 6.96B | 7.49B | 0 |
Other Current Liabilities | 1.87B | 1.52B | 1.81B | 2.17B | 2.26B | 2.75B | 2.75B | 3.98B | 14.23B |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Liabilities | 34.55B | 32.52B | 30.22B | 30.66B | 28.92B | 31.37B | 29.75B | 31.32B | 10B |
Total Equity | 44.69B▲ 0% | 54.71B▲ 22.4% | 62.84B▲ 14.9% | 69.27B▲ 10.2% | 83.2B▲ 20.1% | 92.46B▲ 11.1% | 93.8B▲ 1.4% | 100.58B▲ 7.2% | 105.74B▲ 5.1% |
Equity Growth % | 85.95% | 22.43% | 14.85% | 10.24% | 20.11% | 11.13% | 1.44% | 7.22% | 5.14% |
Shareholders Equity | 43.1B | 53.15B | 61.4B | 67.84B | 81.79B | 91.14B | 92.43B | 99.24B | 104.46B |
Minority Interest | 1.59B | 1.56B | 1.44B | 1.43B | 1.41B | 1.32B | 1.37B | 1.34B | 1.28B |
Common Stock | 424M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M |
Additional Paid-in Capital | 11.1B | 13.44B | 13.42B | 13.4B | 13.86B | 13.42B | 13.63B | 13.47B | 13.37B |
Retained Earnings | 35.63B | 43.54B | 53.15B | 60.46B | 71.99B | 82.38B | 82.92B | 89.11B | 94.74B |
Accumulated OCI | 2.66B | 2.37B | 998M | -71M | -927M | -1.86B | -1.38B | -923M | -1.73B |
Return on Assets (ROA) | 12.01% | 5.95% | 6.92% | 5.85% | 6.46% | 5.7% | 3.06% | 4.58% | 4.35% |
Return on Equity (ROE) | 87.61% | 31.24% | 32.78% | 26.95% | 28.94% | 24.2% | 12.47% | 18.01% | 16.65% |
Debt / Equity | 2.62x | 2.07x | 2.12x | 2.17x | 2.14x | 1.91x | 1.87x | 1.67x | 1.90x |
Debt / Assets | 45.54% | 42.69% | 45.64% | 47.57% | 48.54% | 46.44% | 46.01% | 43.76% | 49.62% |
Net Debt / EBITDA | 2.65x | 2.33x | 2.74x | 2.76x | 3.63x | 3.65x | 3.72x | 3.39x | 3.81x |
Book Value per Share | 10.93 | 13.24 | 15.18 | 16.72 | 20.05 | 21.99 | 22.25 | 23.84 | 24.99 |
Verizon Communications Inc. (VZ) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 24.32B | 34.34B | 35.75B | 41.77B | 39.54B | 37.14B | 37.48B | 36.91B | 37.14B |
Operating CF Growth % | 12.12% | 41.21% | 4.1% | 16.85% | -5.34% | -6.06% | 0.9% | -1.5% | 0.61% |
Operating CF / Revenue % | 19.29% | 26.24% | 27.11% | 32.56% | 29.59% | 27.14% | 27.97% | 27.39% | 26.87% |
Net Income | 30.55B | 16.04B | 19.79B | 18.35B | 22.62B | 21.75B | 12.1B | 17.95B | 17.17B |
Depreciation & Amortization | 16.95B | 17.4B | 16.68B | 16.72B | 16.21B | 17.1B | 17.62B | 17.89B | 18.35B |
Deferred Taxes | -14.46B | 389M | 1.23B | 1.55B | 4.26B | 2.97B | 2.39B | 815M | 2.34B |
Other Non-Cash Items | -2.73B | 1.69B | 4.76B | 5.09B | -2.66B | -4.83B | 5.63B | 2.53B | 1.59B |
Working Capital Changes | -5.94B | -1.18B | -6.71B | 56M | -890M | -456M | -267M | -2.28B | -2.32B |
Capital Expenditures | -17.83B | -18.09B | -18.84B | -20.32B | -67.15B | -26.74B | -18.77B | -17.99B | -17.01B |
CapEx / Revenue % | 14.15% | 13.82% | 14.28% | 15.84% | 50.26% | 19.54% | 18.33% | 13.35% | 12.64% |
CapEx / D&A | 1.05x | 1.04x | 1.13x | 1.22x | 4.14x | 1.56x | 1.39x | 1.01x | 0.95x |
CapEx Coverage (OCF/CapEx) | 1.36x | 1.90x | 1.90x | 2.06x | 0.59x | 1.39x | 1.53x | 2.05x | 2.13x |
Cash from Investing | -18.46B | -17.93B | -17.58B | -23.51B | -67.15B | -28.66B | -23.43B | -18.67B | -16.66B |
Acquisitions | -2.31B | -230M | -1M | -520M | 57M | 281M | -30M | 0 | 0 |
Purchase of Investments | 0 | 0 | 0 | 0 | -21M | -2.27B | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 21M | 0 | 0 | 0 | 0 |
Other Investing | 1.64B | 383M | 1.26B | -2.67B | -46.92B | 62M | 1.16B | -684M | 801M |
Cash from Financing | -6.15B | -15.38B | -18.16B | 1.32B | 8.28B | -8.53B | -14.66B | -17.1B | -5.61B |
Dividends Paid | -9.47B | -9.77B | -10.02B | -10.23B | -10.45B | -10.8B | -11.03B | -11.25B | -11.48B |
Dividend Payout Ratio % | 31.47% | 62.93% | 51.99% | 57.48% | 47.34% | 50.83% | 94.93% | 64.26% | 66.85% |
Debt Issuance (Net) | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -4.44B | -1.82B | -2.92B | -2.71B | -3.83B | -2.07B | -1.47B | -1.07B | -1.95B |
Net Change in Cash | -289M▲ 0% | 1.03B▲ 455.7% | 1M▼ 99.9% | 19.58B▲ 1958000.0% | -19.34B▼ 198.8% | -50M▲ 99.7% | -614M▼ 1128.0% | 1.14B▲ 285.3% | 14.54B▲ 1177.2% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -329M |
Cash at Beginning | 3.18B | 2.89B | 3.92B | 3.92B | 23.5B | 4.16B | 4.11B | 3.5B | 4.51B |
Cash at End | 2.89B | 3.92B | 3.92B | 23.5B | 4.16B | 4.11B | 3.5B | 4.63B | 19.05B |
Free Cash Flow | 6.49B▲ 0% | 16.25B▲ 150.5% | 16.91B▲ 4.0% | 21.45B▲ 26.9% | -27.61B▼ 228.7% | 10.4B▲ 137.7% | 18.71B▲ 79.9% | 18.92B▲ 1.1% | 20.13B▲ 6.4% |
FCF Growth % | 58.4% | 150.49% | 4.04% | 26.86% | -228.74% | 137.67% | 79.87% | 1.14% | 6.36% |
FCF Margin % | 5.15% | 12.42% | 12.82% | 16.72% | -20.67% | 7.6% | 13.96% | 14.04% | 14.56% |
FCF / Net Income % | 21.55% | 104.66% | 87.77% | 120.5% | -125.15% | 48.93% | 161.08% | 108.09% | 117.19% |
Verizon Communications Inc. (VZ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 62.7% | 87.61% | 31.24% | 32.78% | 26.95% | 28.94% | 24.2% | 12.47% | 18.01% | 16.65% |
EBITDA Margin | 33.21% | 34.49% | 36.23% | 36.18% | 36.31% | 36.05% | 34.76% | 34.67% | 35.98% | 34.45% |
Net Debt / EBITDA | 2.51x | 2.65x | 2.33x | 2.74x | 2.76x | 3.63x | 3.65x | 3.72x | 3.39x | 3.81x |
Interest Coverage | 5.80x | 5.35x | 5.06x | 5.81x | 6.61x | 9.41x | 8.89x | 4.07x | 4.45x | 4.39x |
CapEx / Revenue | 13.96% | 14.15% | 13.82% | 14.28% | 15.84% | 50.26% | 19.54% | 18.33% | 13.35% | 12.64% |
Dividend Payout Ratio | 70.56% | 31.47% | 62.93% | 51.99% | 57.48% | 47.34% | 50.83% | 94.93% | 64.26% | 66.85% |
Debt / Equity | 4.50x | 2.62x | 2.07x | 2.12x | 2.17x | 2.14x | 1.91x | 1.87x | 1.67x | 1.90x |
EPS Growth | -26.54% | 129.28% | -48.91% | 23.67% | -7.53% | 23.72% | -4.89% | -45.65% | 50.91% | -2.17% |
Verizon Communications Inc. (VZ) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 27, 2026·SEC
Mar 13, 2026·SEC
Feb 23, 2026·SEC
Feb 17, 2026·SEC
Oct 29, 2025·SEC
Verizon Communications Inc. (VZ) stock FAQ — growth, dividends, profitability & financials explained
Verizon Communications Inc. (VZ) reported $138.19B in revenue for fiscal year 2025. This represents a 374% increase from $29.16B in 1996.
Verizon Communications Inc. (VZ) grew revenue by 2.5% over the past year. Growth has been modest.
Yes, Verizon Communications Inc. (VZ) is profitable, generating $17.17B in net income for fiscal year 2025 (12.4% net margin).
Yes, Verizon Communications Inc. (VZ) pays a dividend with a yield of 5.98%. This makes it attractive for income-focused investors.
Verizon Communications Inc. (VZ) has a return on equity (ROE) of 16.6%. This is reasonable for most industries.
Verizon Communications Inc. (VZ) generated $19.79B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Verizon Communications Inc. (VZ) has a dividend payout ratio of 67%. This suggests the dividend is well-covered and sustainable.