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VZ.NYSE
Verizon Communications
Communication Services · Integrated Telecommunication Services

Telecommunications company providing wireless and wireline communications services and digital solutions to consumers and businesses.

HQ: United StatesListed: United States

Profile & Fundamentals

Verizon Communications: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Verizon Communications Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

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.

VZ.NYSE

Company profile record

Verizon Communications Inc

Common Stock · Communication Services · Integrated Telecommunication Services

Official website

Company

Company / asset
Verizon Communications Inc
Security type
Common Stock
Sector
Communication Services
Industry
Integrated Telecommunication Services
HQ
🇺🇸 United States
Head office
1095 Avenue of the Americas, New York, NY, United States, 10036

Leadership & scale

Chief executive
Mr. Daniel H. Schulman
CEO year born
1958
Full-time employees
97.6K
Fiscal year end
December
IPO date
2000-07-23

Fundamentals snapshot

Updated 2026-09-27
Market Cap
USD 191.8B
P/E
11.9x
Revenue (Q2 26)
USD 34.3B
Profit (Q2 26)
USD 3.8B
Dividend Yield
6.4%
Revenue (FY 25)
USD 138.2B
Shares in public float
4.1B
Insider ownership
0.05%

Reporting & identifiers

Symbol
VZ.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US92343V1044
Asset ID
equity_7fd7261d-ec71-54a2-b468-3a3e693e788e

Ownership

Shares Outstanding

Latest: 4.2B | Max: 4.2B | Min: 4.1B

Shares Outstanding
5.3B4.0B2.7B1.3B0.00
4.2B
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

99.47%

4.1B latest reported shares

Insider Ownership

0.05%

Latest reported insider stake

Short Float

0.02%

Latest reported short interest / float

Top Holders

Top 5 concentration: 25.88%
BlackRock Inc
institution
Filed 2026-03-31 • Change -1.0M (-0.28%)
8.86%(368.0M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +260.2M (0.00%)
6.26%(260.2M shares)
State Street Corp
institution
Filed 2026-03-31 • Change -8.1M (-3.63%)
5.17%(214.9M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -230.2K (-0.19%)
2.87%(119.4M shares)
Charles Schwab Investment Management Inc
institution
Filed 2026-03-31 • Change -3.6M (-3.12%)
2.72%(112.9M shares)
Vanguard 500 Index Investor
fund
Filed 2026-08-31 • Change +1.3M (+1.20%)
2.67%(110.9M shares)
Geode Capital Management, LLC
institution
Filed 2026-03-31 • Change +3.6M (+3.48%)
2.56%(106.2M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-014,090,000,000
2018-01-014,141,000,000
2019-01-014,141,000,000
2020-01-014,143,000,000
2021-01-014,169,000,000
2022-01-014,207,000,000
2023-01-014,214,000,000
2024-01-014,221,500,000
2025-01-014,230,000,000
2026-01-014,171,000,000

Top Holders

Available reported ownership records.

Scroll the table to see every column.

Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc368,027,5998.86%2026-03-31
Vanguard Capital Management, LLC260,184,5356.26%2026-03-31
State Street Corp214,853,7285.17%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest119,430,9112.87%2026-08-31
Charles Schwab Investment Management Inc112,936,5102.72%2026-03-31
Vanguard 500 Index Investor110,916,5082.67%2026-08-31
Geode Capital Management, LLC106,208,3672.56%2026-03-31
Schwab US Dividend Equity ETF™88,873,4942.14%2026-08-29
Vanguard Portfolio Management, LLC76,841,5691.85%2026-03-31
Morgan Stanley - Brokerage Accounts74,068,1701.78%2026-03-31
Bank of America Corp62,101,0211.49%2026-03-31
iShares Core S&P 500 ETF55,603,6561.34%2026-08-31
NORGES BANK54,307,4001.31%2026-06-30
Fidelity 500 Index53,994,3421.3%2026-07-31
State Street® SPDR® S&P 500® ETF51,178,8321.23%2026-08-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

The company's latest financial results show a clear transition from chasing headline sales growth to extracting steady, high-quality cash. While total revenue has remained relatively flat near $139 billion due to deliberate cuts in promotional phone discounts, core mobile and broadband service revenues continue to climb steadily. Reported accounting profits have been temporarily weighed down by integration costs from the Frontier acquisition and non-cash depreciation. However, annual free cash flow has surged past $21 billion, demonstrating that underlying business cash generation is substantially stronger than GAAP net income suggests. This recurring cash flow comfortably covers the $11.5 billion dividend while providing a solid cushion for debt reduction.

Revenue, Net Income, and Free Cash Flow

Latest: USD 138.2B | Max: USD 138.2B | Min: USD 4.1B

RevenueFree Cash FlowNet Income
USD 174.1BUSD 130.6BUSD 87.1BUSD 43.5BUSD 0.00
138.2B
20.1B
17.2B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 10x

15x11x7x4x0x
10x
14x
10x
'21'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability metrics highlight strong pricing power and cost discipline despite intense industry competition. Operating margins have held steady above 21%, while consolidated adjusted EBITDA margins reached 40.1% as management phased out dilutive phone upgrade subsidies in favor of higher-margin service tiers. While ongoing declines in older wireline business services and post-merger integration expenses create minor margin drag, expanding fiber broadband bundles and high-margin wholesale data center contracts provide solid support. Bundling wireless with home broadband lowers customer cancellations, creating lasting operating efficiencies that protect long-term profit margins.

Profitability Margins

Latest: 45.6% | Max: 47.1% | Min: 8.7%

Gross MarginOperating MarginNet Margin
59.3%44.5%29.6%14.8%0.0%
45.6%
21.2%
12.4%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

45.6%

Gross profit / revenue

Operating Margin

21.2%

Operating income / revenue

Net Margin

12.4%

Net income / revenue

FCF Margin

14.6%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

Scroll the table to see every column.

Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-31125,980,000,00013,127,000,0004,096,000,000
2017-12-31126,034,000,00030,101,000,0006,488,000,000
2018-12-31130,863,000,00015,528,000,00016,252,000,000
2019-12-31131,868,000,00019,265,000,00016,909,000,000
2020-12-31128,292,000,00017,801,000,00021,450,000,000
2021-12-31133,613,000,00022,065,000,00019,253,000,000
2022-12-31136,835,000,00021,256,000,00010,401,000,000
2023-12-31133,974,000,00011,614,000,00018,708,000,000
2024-12-31134,788,000,00017,506,000,00018,922,000,000
2025-12-31138,191,000,00017,174,000,00020,126,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3110.03Trailing four quarters
2024-12-319.64Trailing four quarters
2023-12-3113.68Trailing four quarters
2022-12-317.8Annual net income
2021-12-319.82Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3146.5420.5710.423.25
2017-12-3145.6421.0423.885.15
2018-12-3144.5222.9311.8712.42
2019-12-3145.8523.5314.6112.82
2020-12-3147.0623.2813.8816.72
2021-12-3145.7323.9216.5114.41
2022-12-3144.2922.2715.537.6
2023-12-3145.8821.528.6713.96
2024-12-3146.5922.7112.9914.04
2025-12-3145.6421.1712.4314.56

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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