Verizon Communications Inc (VZ) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, Verizon Communications reported revenue of $138.19B, up 2.5% from $134.79B the year before. Net income was $17.17B (a 12.4% net margin), or $4.06 per diluted share. Gross margin was 21.2% and operating margin was 21.2%. Operating activities generated $37.14B of cash. At fiscal year end, Verizon Communications held $404.26B in total assets against $298.52B in total liabilities, including $19.05B of cash and equivalents.
Open the full interactive Verizon Communications financials → Quarterly statements, key ratios, valuation history and price charts.
Verizon Communications Key Stats
| Share Price | $43.53 |
|---|---|
| Market Cap | $181.56B |
| P/E Ratio | 10.7 |
| Dividend Yield | 6.41% |
| Revenue YoY Growth | +2.5% |
| 52-Week Range | $36.00 – $50.66 |
| Shares Outstanding | 4.17 billion (basic, 2026 Q2) |
Verizon Communications Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $128.29B | $133.61B | $136.84B | $133.97B | $134.79B | $138.19B |
| Cost of Goods Sold | $99.49B | $101.17B | $106.37B | $111.10B | $106.10B | $108.93B |
| Gross Profit | $28.80B | $32.45B | $30.47B | $22.88B | $28.69B | $29.26B |
| Operating Income | $28.80B | $32.45B | $30.47B | $22.88B | $28.69B | $29.26B |
| Pre-Tax Income | $23.97B | $29.42B | $28.27B | $16.99B | $22.98B | $22.67B |
| Income Tax | $5.62B | $6.80B | $6.52B | $4.89B | $5.03B | $5.06B |
| Net Income | $17.80B | $22.07B | $21.26B | $11.61B | $17.51B | $17.17B |
| Diluted EPS | $4.30 | $5.32 | $5.06 | $2.75 | $4.14 | $4.06 |
Verizon Communications Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $33.82B | $36.38B | $34.44B | $34.25B |
| Net Income | $4.95B | $2.34B | $5.04B | $3.83B |
| Diluted EPS | $1.17 | $0.55 | $1.20 | $0.92 |
Verizon Communications Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.17B | $2.92B | $2.60B | $2.06B | $4.19B | $19.05B |
| Current Assets | $54.59B | $36.73B | $37.86B | $36.81B | $40.52B | $56.92B |
| Total Assets | $316.48B | $366.60B | $379.68B | $380.25B | $384.71B | $404.26B |
| Current Liabilities | $39.66B | $47.16B | $50.17B | $53.22B | $64.77B | $62.37B |
| Total Long-Term Debt | $128.74B | $150.87B | $150.49B | $150.67B | $143.95B | $157.71B |
| Total Liabilities | $247.21B | $283.40B | $287.22B | $286.46B | $284.14B | $298.52B |
| Shareholders' Equity | $69.27B | $83.20B | $92.46B | $93.80B | $100.58B | $105.74B |
Verizon Communications Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $41.77B | $39.54B | $37.14B | $37.48B | $36.91B | $37.14B |
| Cash From Investing | -$23.51B | -$67.15B | -$28.66B | -$23.43B | -$18.67B | -$16.66B |
| Cash From Financing | $1.32B | $8.28B | -$8.53B | -$14.66B | -$17.10B | -$5.61B |
| Dividends Paid | $10.23B | $10.45B | $10.80B | $11.03B | $11.25B | $11.48B |
Figures from Verizon Communications' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Verizon Communications financials page for every line item.
Verizon Communications Company Profile
| Ticker | VZ |
|---|---|
| Exchange | NYSE |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000732712 |
Frequently Asked Questions
What was Verizon Communications' revenue in fiscal 2025?
Verizon Communications (VZ) reported revenue of $138.19B for fiscal 2025.
What is Verizon Communications' annual revenue history?
Verizon Communications' annual revenue by fiscal year: 2020: $128.29B; 2021: $133.61B; 2022: $136.84B; 2023: $133.97B; 2024: $134.79B; 2025: $138.19B.
What was Verizon Communications' net income in fiscal 2025?
Verizon Communications reported net income of $17.17B for fiscal 2025.
What was Verizon Communications' earnings per share (EPS) in fiscal 2025?
Verizon Communications' diluted EPS was $4.06 for fiscal 2025 (adjusted for any later stock splits).
What was Verizon Communications' revenue last quarter?
In its most recent reported quarter (2026 Q2), Verizon Communications reported revenue of $34.25B.
How much debt does Verizon Communications have?
Verizon Communications reported $157.71B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Verizon Communications are outstanding?
Verizon Communications reported a weighted average of 4.17 billion basic shares outstanding in 2026 Q2.
What is Verizon Communications' market cap?
Based on its latest closing price, Verizon Communications (VZ) has a market capitalization of about $181.56B.
When does Verizon Communications' fiscal year end?
Verizon Communications' fiscal year end, as registered with the SEC, is December 31.
Where is Verizon Communications headquartered?
Verizon Communications lists its business address in New York, New York in its SEC filings.
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