VZ · Verizon Communications Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · VZ

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$138.19B	$134.79B	$133.97B	$136.84B	$133.61B	$128.29B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$33.82B	$34.11B	$32.74B	$30.14B	$28.66B	$31.57B
Total Operating Expenses	$108.93B	$106.10B	$111.10B	$106.37B	$101.17B	$99.49B
D&A	$18.35B	$17.89B	$17.62B	$17.10B	$16.21B	$16.72B
Operating Income	$29.26B	$28.69B	$22.88B	$30.47B	$32.45B	$28.80B
Interest Expense	$6.69B	$6.65B	$5.52B	$3.61B	$3.48B	$4.25B
Income Tax	$5.06B	$5.03B	$4.89B	$6.52B	$6.80B	$5.62B
Net Income	$17.17B	$17.51B	$11.61B	$21.26B	$22.07B	$17.80B
EPS - Basic	$4.06	$4.15	$2.76	$5.06	$5.32	$4.30
EPS - Diluted	$4.06	$4.14	$2.75	$5.06	$5.32	$4.30

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$19.05B	$4.19B	$2.06B	$2.60B	$2.92B	$22.17B
Accounts Receivable	-	-	-	-	$23.85B	$23.92B
Inventory	$2.44B	$2.25B	$2.06B	$2.39B	$3.06B	$1.80B
Accounts Payable	$12.15B	$10.43B	$10.02B	$8.75B	$8.04B	$6.67B
Current Assets	$56.92B	$40.52B	$36.81B	$37.86B	$36.73B	$54.59B
Total Assets	$404.26B	$384.71B	$380.25B	$379.68B	$366.60B	$316.48B
Current Liabilities	$62.37B	$64.77B	$53.22B	$50.17B	$47.16B	$39.66B
Long-term Debt	-	-	-	-	-	-
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$105.74B	$100.58B	$93.80B	$92.46B	$83.20B	$69.27B
Retained Earnings	$94.74B	$89.11B	$82.92B	$82.38B	$71.99B	$60.46B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$37.14B	$36.91B	$37.48B	$37.14B	$39.54B	$41.77B
Investing Cash Flow	($16.66B)	($18.67B)	($23.43B)	($28.66B)	($67.15B)	($23.51B)
Financing Cash Flow	($5.61B)	($17.10B)	($14.66B)	($8.53B)	$8.28B	$1.32B
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	21.2%	21.3%	17.1%	22.3%	24.3%	22.4%
EBITDA margin	34.5%	34.6%	30.2%	34.8%	36.4%	35.5%
Net margin	12.4%	13.0%	8.7%	15.5%	16.5%	13.9%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	24.5%	25.3%	24.4%	22.0%	21.4%	24.6%
Effective tax rate	22.8%	22.3%	29.6%	23.5%	23.6%	24.0%
Return on assets	4.2%	4.6%	3.1%	5.6%	6.0%	5.6%
Return on equity	16.2%	17.4%	12.4%	23.0%	26.5%	25.7%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	0.91	0.63	0.69	0.75	0.78	1.38
Quick ratio	0.87	0.59	0.65	0.71	0.71	1.33
Cash ratio	0.31	0.06	0.04	0.05	0.06	0.56
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	4.4x	4.3x	4.1x	8.4x	9.3x	6.8x
Equity multiplier	3.82	3.83	4.05	4.11	4.41	4.57
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.34	0.35	0.35	0.36	0.36	0.41
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	65d	68d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	10.0x	9.7x	13.7x	7.8x	9.8x	13.7x
P / B	1.6x	1.7x	1.7x	1.8x	2.6x	3.5x
P / S	1.2x	1.3x	1.2x	1.2x	1.6x	1.9x
EV / EBITDA	3.2x	3.5x	3.9x	3.4x	4.4x	4.9x
Growth
Revenue growth (YoY)	2.5%	0.6%	-2.1%	2.4%	4.1%	-2.7%
Revenue CAGR (3y)	0.3%	0.3%	1.5%	1.2%	0.7%	0.6%
Revenue CAGR (5y)	1.5%	0.4%	0.5%	1.7%	1.2%	-0.5%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	2.0%	25.4%	-24.9%	-6.1%	12.7%	-5.2%
Net income growth (YoY)	-1.9%	50.7%	-45.4%	-3.7%	24.0%	-7.6%
EPS growth (YoY)	-1.9%	50.5%	-45.7%	-4.9%	23.7%	-7.5%
EPS CAGR (3y)	-7.1%	-8.0%	-13.8%	2.9%	12.3%	-16.4%
EPS CAGR (5y)	-1.1%	-2.3%	-6.1%	-7.2%	10.6%	-0.3%
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	5.1%	7.2%	1.4%	11.1%	20.1%	10.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$324.00M total

Verizon Consumer Group Segment$295.00M · 91.0%

Verizon Business Group Segment$29.00M · 9.0%

Product / service

$333.02B total

Service And Other$112.72B · 33.8%

Service$80.62B · 24.2%

Wireless Service$69.38B · 20.8%

Product$25.47B · 7.6%

Business Markets And Other$13.55B · 4.1%

Enterprise And Public Sector$13.53B · 4.1%

Fios Revenues$11.68B · 3.5%

Product And Service Other$4.12B · 1.2%

Wholesale$1.95B · 0.6%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Telephone Communications (No Radiotelephone)

Company	Revenue (last FY)	Net margin	ROE
T	$125.65B	17.5%	17.4%
SHEN	$357.85M	-9.2%	-3.7%
CXDO	$68.17M	7.4%	7.9%
FYBR	-	-	-
TDS	$1.23B	-0.5%	-0.1%

Comparing VERIZON COMMUNICATIONS INC against the 5 most active filers in the same SIC group.

Dividends

$2.77/share trailing 12 months · +2.5% YoY

Ex-date	Per share
Apr 10, 2026	$0.7080
Jan 12, 2026	$0.6900
Oct 10, 2025	$0.6900
Jul 10, 2025	$0.6780
Apr 10, 2025	$0.6780
Jan 10, 2025	$0.6780
Oct 10, 2024	$0.6780
Jul 10, 2024	$0.6650
Apr 9, 2024	$0.6650
Jan 9, 2024	$0.6650
Oct 6, 2023	$0.6650
Jul 7, 2023	$0.6530
Apr 6, 2023	$0.6530
Jan 9, 2023	$0.6530
Oct 6, 2022	$0.6530
Jul 7, 2022	$0.6400
Apr 7, 2022	$0.6400
Jan 7, 2022	$0.6400
Oct 7, 2021	$0.6400
Jul 8, 2021	$0.6280
Apr 8, 2021	$0.6280
Jan 7, 2021	$0.6280
Oct 8, 2020	$0.6280
Jul 9, 2020	$0.6150