Verizon Communications Inc. VZ
- Market cap
- $197.0B
- P/E
- 12.3×
Follow VZ
Verizon Communications Inc. (VZ) Free cash flow
Verizon Communications Inc.'s free cash flow for fiscal 2025 was $19.7B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $20.2B. Over the past ten years it has ranged from −$28.3B (fiscal 2021) to $19.7B (fiscal 2020); the current reading is higher than 91% of that period. Free cash flow has risen for 4 consecutive fiscal years. Verizon Communications Inc. ranks 2nd of 55 Telecom Services companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $19.7B | 3.98% |
| FY2024 | $18.9B | 46.55% |
| FY2023 | $12.9B | 24.14% |
| FY2022 | $10.4B | — |
| FY2021 | −$28.3B | — |
| FY2020 | $19.7B | 16.39% |
| FY2019 | $16.9B | 4.04% |
| FY2018 | $16.3B | 150.49% |
| FY2017 | $6.5B | 58.40% |
| FY2016 | $4.1B | (63.78%) |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $5.4B | 44.70% |
| Mar 2026 | $3.7B | (13.06%) |
| Dec 2025 | $4.3B | (37.87%) |
| Sep 2025 | $6.9B | 35.51% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| VOD Vodafone Group PLC compare | $30.0B |
| VZ Verizon Communications Inc. | $20.2B |
| CMCSA Comcast Corporation compare | $17.8B |
| T AT&T Inc. compare | $17.6B |
| TMUS T-Mobile US, Inc. compare | $16.4B |
| ORANY Orange compare | $13.3B |
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare | $13.3B |
| CHT Chunghwa Telecom Co., Ltd. compare | $1.7B |
| ECHO EchoStar Corporation compare | −$725.2M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on VZ
- Revenue
- Net income
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement