Verizon Communications Inc (VZ)
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smartwatches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA and wireline broadband, advanced communication services, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company distributes its products and services through direct channels, company-operated stores, digital and omnichannel platforms, indirect agents, business solution resellers, and national retailers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
- Symbol
- VZ
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Telecom Services
- Market cap
- $190.50B
- 52 week range
- 38.39 - 51.68
Valuation
- Share price
- $45.97 (close of 2026-10-01)
- P/E (TTM)
- 11.94x
- Price to book
- 1.81x
- Price to free cash flow
- 4.91x
- Enterprise value
- $377.20B
- Book value per share
- $25.32
Price performance
| Period | Change |
|---|---|
| 1 day | +0.22% |
| 5 days | -2.85% |
| 1 month | -8.61% |
| 3 months | +9.48% |
| 6 months | -6.92% |
| Year to date | +12.87% |
| 1 year | +4.88% |
| 3 years | +41.84% |
| 5 years | -15.34% |
| 10 years | -11.56% |
| All time | +481.90% |
Members of Congress who disclosed VZ trades
Tim Moore · Julie Johnson · Gilbert Ray Cisneros · Lisa McClain · Sheldon Whitehouse · Alan Armstrong · Dan Newhouse · Emily Randall · Gary Peters · Jefferson Shreve · Jennifer McClellan · Kelly Morrison
Super investors holding VZ
Bill Miller (Miller Value Partners, LLC)
Profitability and growth
- Return on equity
- 16.24%
- Return on invested capital
- 9.02%
- Return on assets
- 4.25%
- Return on capital employed
- 8.56%
- Gross margin
- 45.64%
- Net margin
- 12.43%
- EBITDA margin
- 34.45%
- Revenue growth
- 2.52%
- Net income growth
- -1.90%
- Free cash flow growth
- 0.61%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 20.37%
- Current ratio
- 0.60x
- Net debt to EBITDA
- 3.89x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $138.19B
- Cost of revenue
- $75.11B
- Gross profit
- $63.08B
- EBITDA
- $47.61B
- Net income
- $17.17B
- Earnings per share
- $4.06
- Shares outstanding
- 4.23B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $138.19B | $63.08B | $17.17B | $4.06 |
| 2024-12-31 | $134.79B | $62.80B | $17.51B | $4.15 |
| 2023-12-31 | $133.97B | $55.62B | $11.61B | $2.76 |
| 2022-12-31 | $136.84B | $60.60B | $21.26B | $5.06 |
| 2021-12-31 | $133.61B | $61.11B | $22.07B | $5.32 |
| 2020-12-31 | $128.29B | $60.37B | $17.80B | $4.30 |
| 2019-12-31 | $131.87B | $60.27B | $19.27B | $4.66 |
| 2018-12-31 | $130.86B | $53.36B | $15.53B | $3.76 |
| 2017-12-31 | $126.03B | $103.89B | $30.10B | $7.37 |
| 2016-12-31 | $125.98B | $103.74B | $13.13B | $3.22 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 45.64% | 12.43% | 16.24% | 9.02% |
| 2024-12-31 | 46.59% | 12.99% | 17.41% | 8.94% |
| 2023-12-31 | 41.52% | 8.67% | 12.38% | 6.74% |
| 2022-12-31 | 44.29% | 15.53% | 22.99% | 9.00% |
| 2021-12-31 | 45.73% | 16.51% | 26.52% | 21.23% |
| 2020-12-31 | 47.06% | 13.88% | 25.70% | 28.74% |
| 2019-12-31 | 45.71% | 14.61% | 30.66% | 27.92% |
| 2018-12-31 | 40.78% | 11.87% | 28.38% | 23.00% |
| 2017-12-31 | 82.43% | 23.88% | 67.36% | 58.52% |
| 2016-12-31 | 82.35% | 10.42% | 54.62% | 91.91% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $19.05B | $4.65B |
| 2024-12-31 | $4.19B | $5.44B |
| 2023-12-31 | $2.06B | $6.62B |
| 2022-12-31 | $2.60B | $6.74B |
| 2021-12-31 | $2.92B | $4.68B |
| 2020-12-31 | $22.17B | $4.88B |
| 2019-12-31 | $2.59B | $4.47B |
| 2018-12-31 | $2.75B | - |
| 2017-12-31 | $2.08B | $800.00M |
| 2016-12-31 | $2.88B | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $37.14B | - |
| 2024-12-31 | $36.91B | - |
| 2023-12-31 | $37.48B | - |
| 2022-12-31 | $37.14B | - |
| 2021-12-31 | $39.54B | - |
| 2020-12-31 | $41.77B | - |
| 2019-12-31 | $35.75B | - |
| 2018-12-31 | $17.68B | - |
| 2017-12-31 | $7.07B | - |
| 2016-12-31 | $4.63B | $400.00M |
Dividend history
- Most recent payment
- 2026-07-10
- Paid in the last twelve months
- $2.80
| Payment date | Dividend per share |
|---|---|
| 2026-07-10 | $0.71 |
| 2026-04-10 | $0.71 |
| 2026-01-12 | $0.69 |
| 2025-10-10 | $0.69 |
| 2025-07-10 | $0.68 |
| 2025-04-10 | $0.68 |
| 2025-01-10 | $0.68 |
| 2024-10-10 | $0.68 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-26
- Consensus EPS estimate
- $1.28
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-24 | Jun/2026 | $1.27 |
| 2026-04-27 | - | - |
| 2026-01-30 | - | - |
| 2025-10-29 | - | - |
| 2025-07-21 | - | - |
| 2025-04-22 | - | - |
| 2025-01-24 | - | - |
| 2024-10-22 | - | - |
Filings and sources
- Company website
- verizon.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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