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.
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Verizon Communications Inc. (VZ) Net margin
Verizon Communications Inc.'s net margin over the twelve months to 30 June 2026 was 11.6%, down 0.8 percentage points from fiscal 2025 (12.4%). Over the past ten years it has ranged from 8.67% (fiscal 2023) to 23.9% (fiscal 2017); the current reading is higher than 36% of that period. That is above the Telecom Services industry median of 4.22% and above the Communication Services sector median of −1.79%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 12.4% | (0.56) |
| FY2024 | 13.0% | 4.32 |
| FY2023 | 8.67% | (6.86) |
| FY2022 | 15.5% | (0.98) |
| FY2021 | 16.5% | 2.63 |
| FY2020 | 13.9% | (0.73) |
| FY2019 | 14.6% | 2.74 |
| FY2018 | 11.9% | (12.01) |
| FY2017 | 23.9% | 13.46 |
| FY2016 | 10.4% | (3.16) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 11.2% | (3.45) |
| Mar 2026 | 14.7% | 8.21 |
| Dec 2025 | 6.44% | (8.20) |
| Sep 2025 | 14.6% | 0.14 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| T AT&T Inc. compare | 16.8% |
| CHT Chunghwa Telecom Co., Ltd. compare | 16.1% |
| VOD Vodafone Group PLC compare | 14.2% |
| VZ Verizon Communications Inc. | 11.6% |
| TMUS T-Mobile US, Inc. compare | 11.5% |
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare | 9.35% |
| CMCSA Comcast Corporation compare | 8.97% |
| ORANY Orange compare | 6.83% |
| ECHO EchoStar Corporation compare | −38.7% |
| Telecom Services industry median | 4.22% |
| Communication Services sector median | −1.79% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on VZ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement