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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.44B | - | $33.82B | $34.50B | $33.48B | - | $33.33B | $32.80B | $32.98B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.63B | - | $7.75B | $7.81B | $7.87B | - | $9.71B | $8.02B | $8.14B | - |
| Total Operating Expenses | $26.20B | - | $25.72B | $26.33B | $25.51B | - | $27.40B | $24.98B | $25.46B | - |
| D&A | $4.89B | - | $4.62B | $4.63B | $4.58B | - | $4.46B | $4.48B | $4.45B | - |
| Operating Income | $8.24B | - | $8.11B | $8.17B | $7.98B | - | $5.93B | $7.82B | $7.52B | - |
| Interest Expense | $1.94B | - | $1.66B | $1.70B | $1.64B | - | $1.67B | $1.70B | $1.64B | - |
| Income Tax | $1.64B | - | $1.47B | $1.49B | $1.49B | - | $891.00M | $1.33B | $1.35B | - |
| Net Income | $5.04B | - | $4.95B | $5.00B | $4.88B | - | $3.31B | $4.59B | $4.60B | - |
| EPS - Basic | $1.20 | - | $1.17 | $1.18 | $1.16 | - | $0.78 | $1.09 | $1.09 | - |
| EPS - Diluted | $1.20 | - | $1.17 | $1.18 | $1.15 | - | $0.78 | $1.09 | $1.09 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.37B | $19.05B | $7.71B | $3.44B | $2.26B | $4.19B | $4.99B | $2.43B | $2.37B | $2.06B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $2.32B | $2.44B | $2.70B | $2.14B | $2.20B | $2.25B | $2.52B | $1.84B | $2.08B | $2.06B |
| Accounts Payable | - | $12.15B | - | - | - | $10.43B | - | - | - | $10.02B |
| Current Assets | $44.72B | $56.92B | $44.01B | $38.85B | $37.35B | $40.52B | $40.64B | $38.06B | $37.96B | $36.81B |
| Total Assets | $417.88B | $404.26B | $388.33B | $383.29B | $380.36B | $384.71B | $381.16B | $379.15B | $380.16B | $380.25B |
| Current Liabilities | $69.88B | $62.37B | $59.56B | $60.95B | $61.07B | $64.77B | $61.82B | $60.81B | $53.63B | $53.22B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $104.62B | $105.74B | $106.34B | $104.36B | $102.04B | $100.58B | $97.67B | $97.54B | $95.73B | $93.80B |
| Retained Earnings | $96.82B | $94.74B | $95.32B | $93.28B | $91.13B | $89.11B | $86.96B | $86.50B | $84.71B | $82.92B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.98B | - | - | - | $7.78B | - | - | - | $7.08B | - |
| Investing Cash Flow | ($13.57B) | - | - | - | ($3.75B) | - | - | - | ($5.25B) | - |
| Financing Cash Flow | ($5.28B) | - | - | - | ($5.89B) | - | - | - | ($1.43B) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 23.9% | - | 24.0% | 23.7% | 23.8% | - | 17.8% | 23.8% | 22.8% | - |
| EBITDA margin | 38.1% | - | 37.6% | 37.1% | 37.5% | - | 31.2% | 37.5% | 36.3% | - |
| Net margin | 14.6% | - | 14.6% | 14.5% | 14.6% | - | 9.9% | 14.0% | 14.0% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.2% | - | 22.9% | 22.6% | 23.5% | - | 29.1% | 24.5% | 24.7% | - |
| Effective tax rate | 24.5% | - | 22.9% | 22.9% | 23.4% | - | 21.2% | 22.5% | 22.7% | - |
| Return on assets | 1.2% | - | 1.3% | 1.3% | 1.3% | - | 0.9% | 1.2% | 1.2% | - |
| Return on equity | 4.8% | - | 4.7% | 4.8% | 4.8% | - | 3.4% | 4.7% | 4.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.64 | 0.91 | 0.74 | 0.64 | 0.61 | 0.63 | 0.66 | 0.63 | 0.71 | 0.69 |
| Quick ratio | 0.61 | 0.87 | 0.69 | 0.60 | 0.58 | 0.59 | 0.62 | 0.60 | 0.67 | 0.65 |
| Cash ratio | 0.12 | 0.31 | 0.13 | 0.06 | 0.04 | 0.06 | 0.08 | 0.04 | 0.04 | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 4.2x | - | 4.9x | 4.8x | 4.9x | - | 3.5x | 4.6x | 4.6x | - |
| Equity multiplier | 3.99 | 3.82 | 3.65 | 3.67 | 3.73 | 3.83 | 3.90 | 3.89 | 3.97 | 4.05 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.09 | 0.09 | 0.09 | - | 0.09 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 41.8x | - | 37.6x | 36.7x | 39.4x | - | 57.6x | 37.8x | 38.5x | - |
| P / B | 2.0x | - | 1.7x | 1.8x | 1.9x | - | 1.9x | 1.8x | 1.8x | - |
| P / S | 6.1x | - | 5.5x | 5.3x | 5.7x | - | 5.7x | 5.3x | 5.4x | - |
| EV / EBITDA | 15.5x | - | 14.0x | 14.0x | 15.1x | - | 17.8x | 14.0x | 14.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.9% | - | 1.5% | 5.2% | 1.5% | - | -0.0% | 0.6% | 0.2% | - |
| Revenue CAGR (3y) | 1.5% | - | -0.4% | 0.7% | -0.1% | - | 0.4% | -1.0% | 0.1% | - |
| Revenue CAGR (5y) | 0.9% | - | 1.4% | 2.5% | 1.2% | - | 0.3% | 0.4% | 0.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 3.3% | - | 36.8% | 4.5% | 6.1% | - | -20.7% | 8.3% | -0.8% | - |
| Net income growth (YoY) | 3.4% | - | 49.7% | 8.9% | 6.0% | - | -30.6% | -1.2% | -6.3% | - |
| EPS growth (YoY) | 4.3% | - | 50.0% | 8.3% | 5.5% | - | -31.0% | -0.9% | -6.8% | - |
| EPS CAGR (3y) | 0.8% | - | 0.0% | -1.6% | 1.8% | - | -20.5% | -8.0% | -5.0% | - |
| EPS CAGR (5y) | -1.1% | - | 2.2% | 0.9% | 2.8% | - | -9.0% | 2.8% | -2.2% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.5% | 5.1% | 8.9% | 7.0% | 6.6% | 7.2% | -1.4% | 1.1% | 1.6% | 1.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$324.00M totalVerizon Consumer Group Segment$295.00M · 91.0%
Verizon Business Group Segment$29.00M · 9.0%
Product / service
$333.02B totalService 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%
Peer comparison
Same SIC group: Telephone Communications (No Radiotelephone)
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 |