VZ
Verizon Communications Inc
NYSE: VZ · COMMUNICATION SERVICES · TELECOM SERVICES
$48.03
+3.05% today
Updated 2026-04-29
Market cap
$193.87B
P/E ratio
11.42
P/S ratio
1.40x
EPS (TTM)
$4.06
Dividend yield
5.79%
52W range
$37 – $51
Volume
26.7M
Verizon Communications Inc (VZ) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.18B | $93.47B | $97.35B | $107.81B | $106.56B | $110.88B | $115.85B | $120.55B | $127.08B | $131.62B | $125.98B | $126.03B | $130.86B | $131.87B | $128.29B | $133.61B | $136.84B | $133.97B | $134.79B | $138.19B |
| Revenue growth (YoY) | — | +6.0% | +4.2% | +10.7% | -1.2% | +4.0% | +4.5% | +4.1% | +5.4% | +3.6% | -4.3% | +0.0% | +3.8% | +0.8% | -2.7% | +4.1% | +2.4% | -2.1% | +0.6% | +2.5% |
| Cost of revenue | $49.51B | $51.89B | $53.47B | $58.84B | $58.31B | $62.37B | $62.70B | $61.49B | $66.46B | $68.57B | $67.35B | $68.51B | $72.61B | $71.41B | $67.92B | $72.51B | $76.23B | $72.51B | $71.99B | $75.11B |
| Gross profit | $38.63B | $41.58B | $43.89B | $48.97B | $48.25B | $48.50B | $53.15B | $59.06B | $60.62B | $63.05B | $58.63B | $57.52B | $58.26B | $60.46B | $60.37B | $61.11B | $60.60B | $61.46B | $62.80B | $63.08B |
| Gross margin | 43.8% | 44.5% | 45.1% | 45.4% | 45.3% | 43.7% | 45.9% | 49.0% | 47.7% | 47.9% | 46.5% | 45.6% | 44.5% | 45.8% | 47.1% | 45.7% | 44.3% | 45.9% | 46.6% | 45.6% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $25.23B | $25.97B | $26.90B | $32.95B | $31.37B | $35.62B | $37.57B | $24.65B | $38.49B | $27.24B | $24.35B | $24.18B | $28.40B | $26.82B | $28.47B | $25.26B | $26.58B | $27.45B | $28.11B | $33.82B |
| Operating income | $14.21B | $16.71B | $18.11B | $19.48B | $18.97B | $18.83B | $21.01B | $31.69B | $18.89B | $32.81B | $25.91B | $26.52B | $30.01B | $31.03B | $29.87B | $31.96B | $30.47B | $28.83B | $30.60B | $29.26B |
| Operating margin | 16.1% | 17.9% | 18.6% | 18.1% | 17.8% | 17.0% | 18.1% | 26.3% | 14.9% | 24.9% | 20.6% | 21.0% | 22.9% | 23.5% | 23.3% | 23.9% | 22.3% | 21.5% | 22.7% | 21.2% |
| EBITDA | $29.09B | $30.75B | $32.30B | $30.89B | $31.51B | $29.81B | $28.93B | $48.55B | $36.72B | $49.18B | $41.29B | $42.28B | $41.86B | $44.15B | $44.96B | $49.12B | $48.95B | $40.14B | $47.52B | $47.72B |
| EBITDA margin | 33.0% | 32.9% | 33.2% | 28.6% | 29.6% | 26.9% | 25.0% | 40.3% | 28.9% | 37.4% | 32.8% | 33.5% | 32.0% | 33.5% | 35.0% | 36.8% | 35.8% | 30.0% | 35.3% | 34.5% |
| EBIT | $14.54B | $16.37B | $17.69B | $14.35B | $15.11B | $13.31B | $12.47B | $31.94B | $20.18B | $33.16B | $25.36B | $25.33B | $24.46B | $27.46B | $28.24B | $32.92B | $31.85B | $22.51B | $29.63B | $29.37B |
| Interest expense | $2.35B | $1.83B | $1.82B | $3.10B | $2.52B | $2.83B | $2.57B | $2.67B | $4.92B | $4.92B | $4.38B | $4.73B | $4.83B | $4.73B | $4.27B | $3.50B | $3.58B | $5.53B | $6.65B | $6.69B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $6.20B | $5.52B | $6.43B | $3.65B | $2.55B | $2.40B | $875.00M | $11.50B | $9.63B | $17.88B | $13.13B | $30.10B | $15.53B | $19.27B | $17.80B | $22.07B | $21.26B | $11.61B | $17.51B | $17.17B |
| Net income growth (YoY) | — | -10.9% | +16.4% | -43.2% | -30.2% | -5.7% | -63.6% | +1213.9% | -16.3% | +85.8% | -26.6% | +129.3% | -48.4% | +24.1% | -7.6% | +24.0% | -3.7% | -45.4% | +50.7% | -1.9% |
| Profit margin | 7.0% | 5.9% | 6.6% | 3.4% | 2.4% | 2.2% | 0.8% | 9.5% | 7.6% | 13.6% | 10.4% | 23.9% | 11.9% | 14.6% | 13.9% | 16.5% | 15.5% | 8.7% | 13.0% | 12.4% |