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Saturday 17 October 2026 Export VZ’s income statement to Excel — free account

Verizon Communications Inc.

VZ Communication Services Telecom Services

Verizon Communications Inc.’s revenue for fiscal 2025 (year ended December 2025) was $138.2 billion, up 2.52% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 22.0%, free cash flow grew 5.91% and total debt rose 13.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

44.66 0.26 +0.59%
Market cap
$184.5B
P/E
11.6×
Fwd P/E
9.4×
Dividend yield
6.30%
F-score
4/9
Altman Z
1.24
Beneish M
−2.69
Dividend safety
52/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Verizon Communications Inc. (VZ) Gross margin

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Verizon Communications Inc.'s gross margin over the twelve months to 30 June 2026 was 59.3%, up 0.3 percentage points from fiscal 2025 (58.9%). Over the past ten years it has ranged from 56.8% (fiscal 2022) to 60.1% (fiscal 2020); the current reading is higher than 64% of that period. That is above the Telecom Services industry median of 51.3% and above the Communication Services sector median of 53.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 58.9% (0.95)
FY2024 59.9% 0.84
FY2023 59.0% 2.24
FY2022 56.8% (1.07)
FY2021 57.9% (2.23)
FY2020 60.1% 1.59
FY2019 58.5% 0.92
FY2018 57.6% (0.32)
FY2017 57.9% (0.27)
FY2016 58.2% (1.90)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 61.8% 1.50
Mar 2026 60.3% 5.59
Dec 2025 54.7% (5.83)
Sep 2025 60.5% 0.78
42 more quarters

Against its own ten years

Low 56.8% High 60.1%
Ten-year median 58.5%
Current reading's percentile 69

Gross margin against peers

Company Gross margin
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 66.5%
TMUS T-Mobile US, Inc. compare 62.2%
T AT&T Inc. compare 59.7%
VZ Verizon Communications Inc. 59.3%
CHT Chunghwa Telecom Co., Ltd. compare 36.5%
CMCSA Comcast Corporation compare 34.5%
VOD Vodafone Group PLC compare 32.1%
ECHO EchoStar Corporation compare 29.5%
ORANY Orange compare 16.3%
Telecom Services industry median 51.3%
Communication Services sector median 53.1%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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