Verizon Communications Inc. (VZ)
Communication Services · Telecom Services · NYSE
Verizon Communications Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.98B | $126.03B | $130.86B | $131.87B | $128.29B | $133.61B | $136.84B | $133.97B | $134.79B | $138.19B |
| Gross profit | $103.74B | $103.89B | — | — | — | — | — | — | — | — |
| Net income | $13.13B | $30.10B | $15.53B | $19.27B | $17.80B | $22.07B | $21.26B | $11.61B | $17.51B | $17.17B |
| Net margin | 10.4% | 23.9% | 11.9% | 14.6% | 13.9% | 16.5% | 15.5% | 8.7% | 13.0% | 12.4% |
Source: Verizon Communications Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into VZ stock?
At today's market cap of $191.16B, Verizon Communications Inc. is priced for free-cash-flow growth of about -0.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $17.68B from the FY ending 2018-12-31). For comparison, free cash flow actually grew -4.5%/yr over the last five fiscal years and revenue 1.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Verizon Communications Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeVerizon Communications Inc. financial history by metric
About Verizon Communications Inc.
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.
Verizon Communications Inc. — frequently asked questions
What is Verizon Communications Inc.'s revenue?
Verizon Communications Inc. (VZ) reported revenue of $138.19B for fiscal year 2025, up 2.5% from the prior year, according to its SEC filings.
Is Verizon Communications Inc. profitable?
Yes. VZ earned net income of $17.17B in fiscal 2025, a net margin of 12.4%.
What is VZ's P/E ratio?
Verizon Communications Inc. trades at a price-to-earnings ratio of about 11.2 based on the latest data in our nightly-refreshed cache.
How fast is Verizon Communications Inc. growing?
VZ's revenue grew at roughly 1.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Verizon Communications Inc. have?
As of fiscal year 2025, VZ carried roughly $441.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Verizon Communications Inc.'s market cap?
Verizon Communications Inc. (VZ) has a market capitalization of about $191.16B, based on the latest data in our nightly-refreshed cache.
When does Verizon Communications Inc.'s fiscal year end?
VZ's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into VZ stock?
At today's market cap of $191.16B, Verizon Communications Inc. is priced for free-cash-flow growth of about -0.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $17.68B from the FY ending 2018-12-31). For comparison, free cash flow actually grew -4.5%/yr over the last five fiscal years and revenue 1.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Verizon Communications Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.