Telecommunications company providing wireless and wireline communications services and digital solutions to consumers and businesses.
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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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.
Company profile record
Verizon Communications Inc
Common Stock · Communication Services · Integrated Telecommunication Services
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
- 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
Latest reported ownership snapshot
As of Oct 1, 2026Float 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
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 4,090,000,000 |
| 2018-01-01 | 4,141,000,000 |
| 2019-01-01 | 4,141,000,000 |
| 2020-01-01 | 4,143,000,000 |
| 2021-01-01 | 4,169,000,000 |
| 2022-01-01 | 4,207,000,000 |
| 2023-01-01 | 4,214,000,000 |
| 2024-01-01 | 4,221,500,000 |
| 2025-01-01 | 4,230,000,000 |
| 2026-01-01 | 4,171,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 368,027,599 | 8.86% | 2026-03-31 |
| Vanguard Capital Management, LLC | 260,184,535 | 6.26% | 2026-03-31 |
| State Street Corp | 214,853,728 | 5.17% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 119,430,911 | 2.87% | 2026-08-31 |
| Charles Schwab Investment Management Inc | 112,936,510 | 2.72% | 2026-03-31 |
| Vanguard 500 Index Investor | 110,916,508 | 2.67% | 2026-08-31 |
| Geode Capital Management, LLC | 106,208,367 | 2.56% | 2026-03-31 |
| Schwab US Dividend Equity ETF™ | 88,873,494 | 2.14% | 2026-08-29 |
| Vanguard Portfolio Management, LLC | 76,841,569 | 1.85% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 74,068,170 | 1.78% | 2026-03-31 |
| Bank of America Corp | 62,101,021 | 1.49% | 2026-03-31 |
| iShares Core S&P 500 ETF | 55,603,656 | 1.34% | 2026-08-31 |
| NORGES BANK | 54,307,400 | 1.31% | 2026-06-30 |
| Fidelity 500 Index | 53,994,342 | 1.3% | 2026-07-31 |
| State Street® SPDR® S&P 500® ETF | 51,178,832 | 1.23% | 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.
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
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 10x
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 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%
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.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 125,980,000,000 | 13,127,000,000 | 4,096,000,000 |
| 2017-12-31 | 126,034,000,000 | 30,101,000,000 | 6,488,000,000 |
| 2018-12-31 | 130,863,000,000 | 15,528,000,000 | 16,252,000,000 |
| 2019-12-31 | 131,868,000,000 | 19,265,000,000 | 16,909,000,000 |
| 2020-12-31 | 128,292,000,000 | 17,801,000,000 | 21,450,000,000 |
| 2021-12-31 | 133,613,000,000 | 22,065,000,000 | 19,253,000,000 |
| 2022-12-31 | 136,835,000,000 | 21,256,000,000 | 10,401,000,000 |
| 2023-12-31 | 133,974,000,000 | 11,614,000,000 | 18,708,000,000 |
| 2024-12-31 | 134,788,000,000 | 17,506,000,000 | 18,922,000,000 |
| 2025-12-31 | 138,191,000,000 | 17,174,000,000 | 20,126,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 10.03 | Trailing four quarters |
| 2024-12-31 | 9.64 | Trailing four quarters |
| 2023-12-31 | 13.68 | Trailing four quarters |
| 2022-12-31 | 7.8 | Annual net income |
| 2021-12-31 | 9.82 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 46.54 | 20.57 | 10.42 | 3.25 |
| 2017-12-31 | 45.64 | 21.04 | 23.88 | 5.15 |
| 2018-12-31 | 44.52 | 22.93 | 11.87 | 12.42 |
| 2019-12-31 | 45.85 | 23.53 | 14.61 | 12.82 |
| 2020-12-31 | 47.06 | 23.28 | 13.88 | 16.72 |
| 2021-12-31 | 45.73 | 23.92 | 16.51 | 14.41 |
| 2022-12-31 | 44.29 | 22.27 | 15.53 | 7.6 |
| 2023-12-31 | 45.88 | 21.52 | 8.67 | 13.96 |
| 2024-12-31 | 46.59 | 22.71 | 12.99 | 14.04 |
| 2025-12-31 | 45.64 | 21.17 | 12.43 | 14.56 |
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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