Verizon Communications Inc. (VZ) Earnings History
Earnings Pressure37 years of earnings data (1989–2025) · 5-year EPS trend is negative
Loading earnings history...
Verizon Communications Inc. (VZ) Earnings Overview
As of June 21, 2026, Verizon Communications Inc. (VZ) reported trailing twelve-month net income of $17.17B, reflecting -2.2% year-over-year growth. The company earned $4.06 per diluted share over the past four quarters, with a net profit margin of 12.4%.
Looking at the long-term picture, VZ's 5-year EPS compound annual growth rate (CAGR) stands at -1.1%, signaling declining earnings. The company achieved its highest annual net income of $30.10B in fiscal 2017.
Verizon Communications Inc. maintains positive profitability with a gross margin of 45.6%, operating margin of 21.2%, and net margin of 12.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including T ($21.41B net income, 17.4% margin), TMUS ($10.54B net income, 12.4% margin), LUMN (-$1.74B net income, -14.0% margin), VZ has room to improve margins relative to the peer group. Compare VZ vs T →
VZ Earnings vs Peers
Earnings metrics vs comparable public companies
VZ Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $17.17B | -1.9% | $29.26B | $4.06 | 12.4% | 21.2% |
| 2024 | $17.51B | +50.7% | $30.60B | $4.15 | 13.0% | 22.7% |
| 2023 | $11.61B | -45.4% | $28.83B | $2.75 | 8.7% | 21.5% |
| 2022 | $21.26B | -3.7% | $30.47B | $5.06 | 15.5% | 22.3% |
| 2021 | $22.07B | +24.0% | $31.96B | $5.32 | 16.5% | 23.9% |
| 2020 | $17.80B | -7.6% | $29.87B | $4.30 | 13.9% | 23.3% |
| 2019 | $19.27B | +24.1% | $31.03B | $4.65 | 14.6% | 23.5% |
| 2018 | $15.53B | -48.4% | $30.01B | $3.76 | 11.9% | 22.9% |
| 2017 | $30.10B | +129.3% | $26.52B | $7.36 | 23.9% | 21.0% |
| 2016 | $13.13B | -26.6% | $25.91B | $3.21 | 10.4% | 20.6% |
| 2015 | $17.88B | +85.8% | $32.81B | $4.37 | 13.6% | 24.9% |
| 2014 | $9.63B | -16.3% | $18.89B | $2.42 | 7.6% | 14.9% |
| 2013 | $11.50B | +1213.9% | $31.69B | $4.00 | 9.5% | 26.3% |
| 2012 | $875M | -63.6% | $21.01B | $0.31 | 0.8% | 18.1% |
| 2011 | $2.40B | -5.7% | $18.83B | $0.85 | 2.2% | 17.0% |
| 2010 | $2.55B | -30.2% | $18.97B | $0.90 | 2.4% | 17.8% |
| 2009 | $3.65B | -43.2% | $19.48B | $1.29 | 3.4% | 18.1% |
| 2008 | $6.43B | +16.4% | $18.11B | $2.26 | 6.6% | 18.6% |
| 2007 | $5.52B | -10.9% | $16.71B | $1.90 | 5.9% | 17.9% |
| 2006 | $6.20B | -16.2% | $14.21B | $2.12 | 7.0% | 16.1% |
| 2005 | $7.40B | -5.5% | $12.36B | $2.65 | 10.6% | 17.8% |
| 2004 | $7.83B | +154.5% | $13.03B | $2.79 | 11.9% | 19.8% |
| 2003 | $3.08B | -24.6% | $7.41B | $1.12 | 4.6% | 11.0% |
| 2002 | $4.08B | +948.6% | $14.88B | $1.49 | 6.1% | 22.2% |
| 2001 | $389M | -96.7% | $11.47B | $0.14 | 0.6% | 17.2% |
| 2000 | $11.80B | +180.7% | $12.96B | $4.31 | 18.2% | 20.0% |
| 1999 | $4.20B | +41.7% | $14.57B | $1.51 | 7.2% | 25.0% |
| 1998 | $2.96B | +20.8% | $6.63B | $1.86 | 9.4% | 21.0% |
| 1997 | $2.45B | +41.1% | $5.34B | $1.57 | 8.1% | 17.7% |
| 1996 | $1.74B | -6.4% | $6.08B | $1.84 | 6.0% | 20.8% |
| 1995 | $1.86B | +346.2% | $5.42B | $2.13 | 6.7% | 19.4% |
| 1994 | -$755M | -153.8% | $2.80B | $-0.86 | -5.5% | 20.3% |
| 1993 | $1.40B | +4.7% | $2.80B | $-0.42 | 10.8% | 21.5% |
| 1992 | $1.34B | +0.7% | $2.51B | $1.57 | 10.6% | 19.8% |
| 1991 | $1.33B | +1.5% | $2.53B | $1.71 | 10.8% | 20.6% |
| 1990 | $1.31B | +22.1% | $2.61B | $1.69 | 10.7% | 21.2% |
| 1989 | $1.07B | - | $2.01B | $1.36 | 9.4% | 17.6% |
Download Data
Export VZ earnings history in CSV or JSON format
Free sign-in required to download data
Full Stock Analysis
Deep dive into VZ consensus models and risk factors.
Should I Buy VZ?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
VZ — Frequently Asked Questions
Quick answers to the most common questions about buying VZ stock.
What is VZ earnings per share (EPS)?
VZ trailing twelve-month (TTM) diluted EPS is $4.06, reflecting -2.2% year-over-year growth. The 5-year EPS CAGR is -1.1%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Verizon Communications Inc.'s net income?
Verizon Communications Inc. (VZ) trailing twelve-month net income is $17.2B as of 2025. Earnings declined -2.2% year-over-year. Verizon Communications Inc. has been profitable for 31 consecutive years.
Is VZ profitable?
Yes, VZ is profitable with a TTM net income of $17.2B and a net profit margin of +12.4%. Verizon Communications Inc. has generated profits for 31 consecutive years.
What is VZ's earnings growth rate?
VZ compound annual EPS growth rates (CAGR): 1-Year: -2.2%, 3-Year: -7.1%, 5-Year: -1.1%, 10-Year: -0.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are VZ's profit margins?
Verizon Communications Inc. net profit margin is +12.4%, operating margin is +21.2%, and gross margin is +45.6%. Margins are within a typical range for the sector. Return on Equity is +16.6%.
Is VZ growing earnings?
VZ earnings growth is slowing. Current YoY EPS growth of -2.2% trails the 5-year CAGR of -1.1%. TTM net income is $17.2B.
What was VZ's best earnings year?
Verizon Communications Inc.'s highest annual net income on record is $30.1B, achieved in fiscal year 2017. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were VZ's earnings last quarter?
VZ's most recent reported quarter was Q4 2025. Net income was $2.3B with diluted EPS of $0.55. For a full breakdown of all quarters, see the quarterly earnings table on this page.