Verizon Communications Inc. (VZ) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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VZ EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
VZ Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 45.6% | 21.2% | 12.4% |
| 2024 | 46.6% | 22.7% | 13.0% |
| 2023 | 45.9% | 21.5% | 8.7% |
| 2022 | 44.3% | 22.3% | 15.5% |
| 2021 | 45.7% | 23.9% | 16.5% |
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Verizon Communications Inc. (VZ) Earnings Overview
As of May 6, 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% |
Full VZ Stock Analysis
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Start ComparisonVZ — Frequently Asked Questions
Quick answers to the most common questions about buying VZ stock.
Is VZ growing earnings?
VZ EPS of $4.06 reflects slowing growth at -2.2%, below the 5-year CAGR of -1.1%. TTM net income is $17.2B. Expansion rate has moderated.
What are VZ's profit margins?
Verizon Communications Inc. net margin is +12.4%, with operating margin at +21.2%. Margins sit within typical range for the sector.
How consistent are VZ's earnings?
VZ earnings data spans 1989-2025. The current earnings trend is -2.2% YoY. Historical data enables comparison across business cycles.