Verizon (VZ)

NYSE Communication Services Integrated Telecommunication Services S&P 500Dow 30

$45.69

-0.43 (-0.93%)

Close of Nov 06, 2026 · end-of-day data

Source: Verizon's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Oct 30, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$125.98B	$126.03B	$130.86B	$131.87B	$128.29B	$133.61B	$136.84B	$133.97B	$134.79B	$138.19B
Cost of revenue	$22.24B	$22.15B	—	—	—	—	—	—	—	—
Gross profit	$103.74B	$103.89B	—	—	—	—	—	—	—	—
Selling, general & admin	$28.10B	$28.59B	$31.08B	$29.90B	$31.57B	$28.66B	$30.14B	$32.74B	$34.11B	$33.82B
Operating income	$29.25B	$27.43B	$22.28B	$30.38B	$28.80B	$32.45B	$30.47B	$22.88B	$28.69B	$29.26B
Interest expense	$4.38B	$4.73B	$4.83B	$4.73B	$4.25B	$3.48B	$3.61B	$5.52B	$6.65B	$6.69B
Pre-tax income	$20.99B	$20.59B	$19.62B	$22.73B	$23.97B	$29.42B	$28.27B	$16.99B	$22.98B	$22.67B
Income tax	$7.38B	-$9.96B	$3.58B	$2.94B	$5.62B	$6.80B	$6.52B	$4.89B	$5.03B	$5.06B
Net income	$13.13B	$30.10B	$15.53B	$19.27B	$17.80B	$22.07B	$21.26B	$11.61B	$17.51B	$17.17B
EBITDA	$45.18B	$44.38B	$39.68B	$47.06B	$45.52B	$48.65B	$47.57B	$40.50B	$46.58B	$47.61B
EPS (basic)	$3.22	$7.37	$3.76	$4.66	$4.30	$5.32	$5.06	$2.76	$4.15	$4.06
EPS (diluted)	$3.21	$7.36	$3.76	$4.65	$4.30	$5.32	$5.06	$2.75	$4.14	$4.06
Diluted shares	4.09B	4.09B	4.13B	4.14B	4.14B	4.15B	4.20B	4.21B	4.22B	4.23B
Gross margin	82.3%	82.4%	—	—	—	—	—	—	—	—
Operating margin	23.2%	21.8%	17.0%	23.0%	22.4%	24.3%	22.3%	17.1%	21.3%	21.2%
Net margin	10.4%	23.9%	11.9%	14.6%	13.9%	16.5%	15.5%	8.7%	13.0%	12.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$2.88B	$2.08B	$2.75B	$2.59B	$22.17B	$2.92B	$2.60B	$2.06B	$4.19B	$19.05B
Receivables	$17.51B	$23.49B	$25.10B	$25.43B	$23.92B	$23.85B	—	—	—	—
Inventory	$1.20B	$1.03B	$1.34B	$1.42B	$1.80B	$3.06B	$2.39B	$2.06B	$2.25B	$2.44B
Total current assets	$26.39B	$29.91B	$34.64B	$37.47B	$54.59B	$36.73B	$37.86B	$36.81B	$40.52B	$56.92B
Goodwill	$27.20B	$29.17B	$24.61B	$24.39B	$24.77B	$28.60B	$28.67B	$22.84B	$22.84B	$22.84B
Total assets	$244.18B	$257.14B	$264.83B	$291.73B	$316.48B	$366.60B	$379.68B	$380.25B	$384.71B	$404.26B
Total current liabilities	$30.34B	$33.04B	$37.93B	$44.87B	$39.66B	$47.16B	$50.17B	$53.22B	$64.77B	$62.37B
Short-term debt	$2.65B	$3.45B	$7.19B	$10.78B	$5.89B	$7.44B	$9.96B	$12.97B	$22.63B	$18.62B
Long-term debt	$105.43B	$113.64B	$105.87B	$100.71B	$123.17B	$143.43B	$140.68B	$137.70B	$121.38B	$139.53B
Total debt	$108.08B	$117.09B	$113.06B	$111.49B	$129.06B	$150.87B	$150.64B	$150.67B	$144.01B	$158.15B
Total liabilities	$220.15B	$212.46B	$210.12B	$228.89B	$247.21B	$283.40B	$287.22B	$286.46B	$284.14B	$298.52B
Shareholders' equity	$24.03B	$44.69B	$54.71B	$62.84B	$69.27B	$83.20B	$92.46B	$93.80B	$100.58B	$105.74B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$21.69B	$24.32B	$34.34B	$35.75B	$41.77B	$39.54B	$37.14B	$37.48B	$36.91B	$37.14B
Capital expenditures	$17.06B	$17.25B	$16.66B	—	—	—	—	—	—	—
Free cash flow	$4.63B	$7.07B	$17.68B	$35.75B	$41.77B	$39.54B	$37.14B	$37.48B	$36.91B	$37.14B
Investing cash flow	-$9.87B	-$18.46B	-$17.93B	-$17.58B	-$23.51B	-$67.15B	-$28.66B	-$23.43B	-$18.67B	-$16.66B
Financing cash flow	-$13.38B	-$6.15B	-$15.38B	-$18.16B	$1.32B	$8.28B	-$8.53B	-$14.66B	-$17.10B	-$5.61B
Dividends paid	$9.26B	$9.47B	$9.77B	$10.02B	$10.23B	$10.45B	$10.80B	$11.03B	$11.25B	$11.48B
Share buybacks	$0	$0	—	—	—	—	—	—	—	—
Stock-based compensation	$400.00M	—	—	—	—	—	—	—	—	—
Depreciation & amortization	$15.93B	$16.95B	$17.40B	$16.68B	$16.72B	$16.21B	$17.10B	$17.62B	$17.89B	$18.35B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$35.13B	$32.98B	$32.80B	$33.33B	$35.68B	$33.48B	$34.50B	$33.82B	$36.38B	$34.44B	$34.25B	$34.31B
Selling, general & admin	$8.99B	$8.14B	$8.02B	$9.71B	$8.24B	$7.87B	$7.81B	$7.75B	$10.38B	$7.63B	$8.98B	$7.48B
Operating income	$600.00M	$7.52B	$7.82B	$5.93B	$7.42B	$7.98B	$8.17B	$8.11B	$5.00B	$8.24B	$7.18B	$8.65B
Interest expense	$1.60B	$1.64B	$1.70B	$1.67B	$1.64B	$1.63B	$1.64B	$1.66B	$1.76B	$1.94B	$1.99B	$1.95B
Pre-tax income	-$1.82B	$6.08B	$6.03B	$4.30B	$6.57B	$6.47B	$6.61B	$6.53B	$3.06B	$6.78B	$5.27B	$6.82B
Income tax	$756.00M	$1.35B	$1.33B	$891.00M	$1.45B	$1.49B	$1.49B	$1.47B	$615.00M	$1.64B	$1.32B	$1.50B
Net income	-$2.71B	$4.60B	$4.59B	$3.31B	$5.00B	$4.88B	$5.00B	$4.95B	$2.34B	$5.04B	$3.83B	$5.20B
EBITDA	$5.12B	$11.97B	$12.30B	$10.38B	$11.93B	$12.55B	$12.81B	$12.72B	$9.52B	$13.13B	$12.19B	$13.74B
EPS (basic)	$-0.64	$1.09	$1.09	$0.78	$1.19	$1.16	$1.18	$1.17	$0.55	$1.20	$0.92	$1.25
EPS (diluted)	$-0.65	$1.09	$1.09	$0.78	$1.18	$1.15	$1.18	$1.17	$0.55	$1.20	$0.92	$1.25
Diluted shares	1.00M	4.22B	4.22B	4.22B	2.00M	4.23B	4.23B	4.23B	2.00M	4.21B	4.17B	4.16B
Operating margin	1.7%	22.8%	23.8%	17.8%	20.8%	23.8%	23.7%	24.0%	13.8%	23.9%	21.0%	25.2%
Net margin	-7.7%	14.0%	14.0%	9.9%	14.0%	14.6%	14.5%	14.6%	6.4%	14.6%	11.2%	15.1%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$2.06B	$2.37B	$2.43B	$4.99B	$4.19B	$2.26B	$3.44B	$7.71B	$19.05B	$8.37B	$1.75B	$4.50B
Inventory	$2.06B	$2.08B	$1.84B	$2.52B	$2.25B	$2.20B	$2.14B	$2.70B	$2.44B	$2.32B	$2.04B	$2.77B
Total current assets	$36.81B	$37.96B	$38.06B	$40.64B	$40.52B	$37.35B	$38.85B	$44.01B	$56.92B	$44.72B	$37.57B	$41.51B
Goodwill	$22.84B	$22.84B	$22.84B	$22.84B	$22.84B	$22.84B	$22.84B	$22.84B	$22.84B	$30.63B	$30.66B	$30.73B
Total assets	$380.25B	$380.16B	$379.15B	$381.16B	$384.71B	$380.36B	$383.29B	$388.33B	$404.26B	$417.88B	$410.19B	$415.52B
Total current liabilities	$53.22B	$53.63B	$60.81B	$61.82B	$64.77B	$61.07B	$60.95B	$59.56B	$62.37B	$69.88B	$62.21B	$66.27B
Short-term debt	$12.97B	$15.59B	$23.25B	$21.76B	$22.63B	$22.63B	$22.07B	$20.15B	$18.62B	$28.23B	$21.78B	$23.89B
Long-term debt	$137.70B	$136.10B	$126.02B	$128.88B	$121.38B	$121.02B	$123.93B	$126.63B	$139.53B	$144.23B	$143.45B	$142.34B
Total debt	$150.67B	$151.70B	$149.28B	$150.64B	$144.01B	$143.65B	$146.00B	$146.78B	$158.15B	$172.46B	$165.23B	$166.23B
Total liabilities	$286.46B	$284.43B	$281.61B	$283.50B	$284.14B	$278.33B	$278.92B	$281.99B	$298.52B	$313.26B	$304.99B	$308.23B
Shareholders' equity	$93.80B	$95.73B	$97.54B	$97.67B	$100.58B	$102.04B	$104.36B	$106.34B	$105.74B	$104.62B	$105.20B	$107.29B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$8.68B	$7.08B	$9.48B	$9.91B	$10.43B	$7.78B	$8.97B	$11.27B	$9.11B	$7.98B	$10.44B	$11.52B
Free cash flow	$8.68B	$7.08B	$9.48B	$9.91B	$10.43B	$7.78B	$8.97B	$11.27B	$9.11B	$7.98B	$10.44B	$11.52B
Investing cash flow	-$7.82B	-$5.25B	-$3.87B	-$4.00B	-$5.56B	-$3.75B	-$3.44B	-$4.49B	-$4.98B	-$13.57B	-$4.93B	-$6.97B
Financing cash flow	-$3.02B	-$1.43B	-$5.63B	-$4.42B	-$5.62B	-$5.89B	-$4.38B	-$2.55B	$7.21B	-$5.28B	-$11.84B	-$1.79B
Dividends paid	$2.79B	$2.80B	$2.80B	$2.80B	$2.85B	$2.86B	$2.86B	$2.86B	$2.91B	$2.91B	$2.95B	$2.94B
Share buybacks	—	—	—	—	—	$0	$0	$0	—	$2.50B	$1.00B	$500.00M
Depreciation & amortization	$4.52B	$4.45B	$4.48B	$4.46B	$4.51B	$4.58B	$4.63B	$4.62B	$4.52B	$4.89B	$5.01B	$5.09B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.