Friday 9 October 2026 Export all VZ data to Excel Powerpack

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. Member of the S&P 500; dividend growth for ten consecutive years.

46.35 0.58 +1.27%

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Market cap: $190.2B
P/E: 12.1×
Dividend yield: 7.56%
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

Insider Decisions trades per month

Total sells 15.95

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	1	—	1	—	—	2	5	1

Insider Ownership 0.43%

Capital & Financial Ratios $m

Market Cap 190,160.00

Revenue 138,895.00

Net Income 16,599.00

Free Cash Flow 20,160.00

Net Debt 163,479.00

Current Ratio 0.60

Debt/Equity 1.57

P/E ratio 12.07

P/S ratio 1.39

P/B ratio 1.84

Past 5Y EPS Growth (1.14%)

This Y EPS Growth 6.25%

Next Y EPS Growth 5.15%

Next 5Y EPS Growth 6.21%

Scores & Valuation vs History

F-score 4/9 Altman Z 1.24 Beneish M −2.69 Dividend safety 52/100

P/E against its own 10 years 52.57%

10-year low 10-year high

P/S against its own 10 years 32.84%

10-year low 10-year high

P/B against its own 10 years 28.30%

10-year low 10-year high

EV/Sales against its own 10 years 62.02%

10-year low 10-year high

EV/FCF against its own 10 years 20.20%

10-year low 10-year high

Dividends

Payout Ratio 0.91

Annual Dividend Rate 3.50

Annual Dividend Yield 7.56%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.81	0.69 0.71 0.71 0.71
2025	2.72	0.68 0.68 0.68 0.69
2024	2.67	0.67 0.67 0.67 0.68
2023	2.62	0.65 0.65 0.65 0.67
2022	2.57	0.64 0.64 0.64 0.65
2021	2.52	0.63 0.63 0.63 0.64
2020	2.47	0.62 0.62 0.62 0.63
2019	2.42	0.60 0.60 0.60 0.62
2018	2.37	0.59 0.59 0.59 0.60
2017	2.32	0.58 0.58 0.58 0.59
2016	2.27	0.57 0.57 0.57 0.58

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,065	4,194	19,048	1,752
Receivables	25,085	26,109	27,097	26,486
Inventory	2,057	2,247	2,441	2,036
Other	—	—	—	—
	36,814	40,523	56,922	37,571

	2023	2024	2025	Q'26
Payables	23,453	23,374	24,981	20,422
ST’ Debt	12,973	22,633	18,618	21,783
Other	12,531	14,349	14,229	15,171
	53,223	64,771	62,370	62,211

Compound Annual Growth %

	10y	5y	3y
Sales	0.49%	1.50%	0.33%
Cash Flow	(0.50%)	(2.32%)	0.00%
Earnings	(0.40%)	(0.71%)	(6.86%)
Book Value	19.48%	8.83%	4.57%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	34,440	34,253	—	—	—
’25	33,485	34,504	33,821	36,381	138,191
’24	32,981	32,796	33,330	35,681	134,788
’23	32,912	32,596	33,336	35,130	133,974
’22	33,554	33,789	34,241	35,251	136,835
’21	32,867	33,764	32,915	34,067	133,613
’20	31,610	30,447	31,543	34,692	128,292

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	7,984	10,435	—	—	—
’25	7,782	8,975	11,266	9,114	37,137
’24	7,084	9,485	9,911	10,432	36,912
’23	8,289	9,731	10,778	8,677	37,475
’22	6,821	10,844	10,534	8,942	37,141
’21	9,694	10,744	10,724	8,377	39,539
’20	8,824	14,728	8,920	9,296	41,768

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3,700	5,354	—	—	—
’25	3,515	5,055	6,850	4,256	19,676
’24	2,259	5,626	5,808	5,229	18,922
’23	1,733	5,132	5,910	137	12,912
’22	(838)	5,737	4,599	903	10,401
’21	(39,583)	6,027	3,830	1,383	(28,343)
’20	3,116	8,785	2,646	5,133	19,680

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.20	0.92	—	—	—
’25	1.15	1.18	1.17	0.55	4.06
’24	1.09	1.09	0.78	1.18	4.14
’23	1.17	1.10	1.13	(0.64)	2.75
’22	1.09	1.24	1.17	1.56	5.06
’21	1.27	1.40	1.55	1.11	5.32
’20	1.00	1.13	1.05	1.11	4.30

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	43.79	42.80	46.09	52.28	48.84	49.69	34.55	30.14	37.56	37.59	Analyst estimates 2026–2028 Powerpack
	High	56.95	54.83	61.58	62.22	61.95	59.85	55.51	42.58	45.36	47.36
People
People	Employees	160,900	155,400	144,500	135,000	132,200	118,400	117,100	105,400	99,600	89,900
	Revenue/emp, $m	0.78	0.81	0.91	0.98	0.97	1.13	1.17	1.27	1.35	1.54
Income, $m
Income, $m	Revenue	125,980	126,034	130,863	131,868	128,292	133,613	136,835	133,974	134,788	138,191
	Gross margin, %	58.17	57.90	57.58	58.50	60.09	57.86	56.79	59.03	59.87	58.92
	EBT	20,986	20,594	19,623	22,733	23,967	29,420	28,271	16,987	22,979	22,672
	EBT margin, %	16.66	16.34	15.00	17.24	18.68	22.02	20.66	12.68	17.05	16.41
	Net income	13,608	30,550	16,039	19,788	18,348	22,618	21,748	12,095	17,949	17,608
	Depreciation	15,928	16,954	17,403	16,682	16,720	16,206	17,099	23,465	17,892	18,349
Per share, $
Per share, $	Revenue	30.88	30.86	31.70	31.87	30.99	32.21	32.56	31.82	31.96	32.70
	Earnings	3.22	7.37	3.76	4.66	4.30	5.32	5.06	2.76	4.15	4.06
	Cash flow	5.32	5.95	8.32	8.64	10.09	9.53	8.84	8.90	8.75	8.79
	Capex	(4.31)	(4.37)	(4.38)	(4.55)	(5.34)	(16.36)	(6.36)	(5.83)	(4.27)	(4.13)
	Free cash flow	1.00	1.59	3.94	4.09	4.75	(6.83)	2.48	3.07	4.49	4.66
	Book value	5.89	10.94	13.25	15.18	16.73	20.06	22.00	22.27	23.84	25.02
	Shares, m	4,080	4,084	4,128	4,138	4,140	4,148	4,202	4,211	4,218	4,226
Valuation, ×
Valuation, ×	P/E	16.95	7.25	14.91	13.18	13.66	9.75	7.93	14.09	9.64	10.03
	P/S	1.77	1.73	1.77	1.93	1.90	1.61	1.23	1.22	1.25	1.25
	P/B	9.27	4.89	4.24	4.04	3.51	2.59	1.82	1.75	1.68	1.63
	EV/Sales	2.60	2.65	2.45	2.75	2.73	2.72	2.31	2.33	2.29	2.25
	EV/FCF	80.05	51.42	19.71	21.47	17.79	(12.82)	30.44	24.19	16.30	15.82
Cash, $m
Cash, $m	Operating cash flow	21,689	24,318	34,339	35,746	41,768	39,539	37,141	37,475	36,912	37,137
	Capex	(17,593)	(17,830)	(18,087)	(18,837)	(22,088)	(67,882)	(26,740)	(24,563)	(17,990)	(17,461)
	Free cash flow	4,096	6,488	16,252	16,909	19,680	(28,343)	10,401	12,912	18,922	19,676
Balance, $m
Balance, $m	Working capital	(3,945)	(3,124)	(3,294)	(7,395)	14,934	(10,432)	(12,314)	(16,409)	(24,248)	(5,448)
	Total debt	108,078	117,095	90,929	111,489	129,062	150,868	150,639	150,674	144,014	158,150
	Net debt	105,198	115,016	88,184	108,895	106,891	147,947	148,034	148,609	139,820	139,102
	Shareholders’ equity	24,032	44,687	54,710	62,835	69,272	83,200	92,463	93,799	100,575	105,741
Returns, %
Returns, %	ROA	5.38	12.01	5.95	6.92	5.85	6.46	5.70	3.06	4.58	4.35
	ROIC	14.15	10.73	9.74	11.06	10.22	8.77	7.92	5.90	7.46	7.47
	ROE	62.70	87.61	31.24	32.78	26.95	28.94	24.20	12.47	18.01	16.65

Negative figures in brackets.

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Verizon Communications Inc. (VZ) key facts

Verizon Communications Inc. (VZ) is a Telecom Services company in the Communication Services sector, listed on the New York Stock Exchange.
Verizon Communications Inc.’s revenue for fiscal 2025 (year ended December 2025) was $138.2 billion, up 2.52% from fiscal 2024.
Net income was $17.6 billion, or $4.06 per share (basic), a net margin of 12.4%.
As of October 8, 2026, VZ traded at $46.35, a market capitalization of $190.2 billion.
At that price the stock trades at 12.1× trailing-twelve-month earnings and 1.4× sales; its P/E is higher than 53% of its own readings over the past ten years.
Verizon Communications Inc. pays an annual dividend of $3.50 per share, a yield of 7.56%, with a payout ratio of 91.2%.
Return on equity was 16.7% and debt-to-equity 1.57.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.24 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.