stockrowVerizon 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.
- Revenue
- +1.45%
- EPS
- +6.84%
- Free cash flow
- −33.3%
- Total debt
- +13.3%
Quarter to September 2026, against a year earlier
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Verizon Communications Inc. (VZ) Operating margin
Verizon Communications Inc.'s operating margin over the twelve months to 30 September 2026 was 20.9%, down 0.3 percentage points from fiscal 2025 (21.2%). Over the past ten years it has ranged from 17.0% (fiscal 2018) to 25.1% (fiscal 2015); the current reading is higher than 27% of that period. That is above the Telecom Services industry median of 9.22% and above the Communication Services sector median of 0.94%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 21.2% | (0.11) |
| FY2024 | 21.3% | 4.20 |
| FY2023 | 17.1% | (5.19) |
| FY2022 | 22.3% | (2.02) |
| FY2021 | 24.3% | 1.84 |
| FY2020 | 22.5% | (0.59) |
| FY2019 | 23.0% | 6.02 |
| FY2018 | 17.0% | (4.74) |
| FY2017 | 21.8% | (1.46) |
| FY2016 | 23.2% | (1.90) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 25.2% | 4.25 |
| Jun 2026 | 21.0% | (2.97) |
| Mar 2026 | 23.9% | 10.18 |
| Dec 2025 | 13.8% | (10.21) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare | 21.0% |
| VZ Verizon Communications Inc. | 20.9% |
| TMUS T-Mobile US, Inc. compare | 20.7% |
| CHT Chunghwa Telecom Co., Ltd. compare | 20.4% |
| T AT&T Inc. compare | 18.3% |
| CMCSA Comcast Corporation compare | 14.7% |
| ECHO EchoStar Corporation compare | 2.25% |
| ORANY Orange compare | 0.00% |
| VOD Vodafone Group PLC compare | 0.00% |
| Telecom Services industry median | 9.22% |
| Communication Services sector median | 0.94% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on VZ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- 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