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NYSE · TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) · LARGE CAP

Verizon Communications Inc. VZ

19 fiscal years on record · USD · FY2025 reported · SEC filings only
17 YEARS OF DIVIDEND GROWTH
$138.2B
▲ 2.5% YoY
$17.2B
▼ 1.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Verizon designs, builds and operates networks that provide connectivity and related services to consumers, businesses, government organizations, first responders and educational institutions. It runs a national wireless network covering approximately 147 million wireless retail connections and a broadband network covering approximately 14 million broadband connections as of December 31, 2025. The company also owns and operates a global fiber-optic network that provides connectivity to Business customers in more than 180 countries. It operates as an incumbent local exchange carrier in 31 states and the District of Columbia. Verizon had approximately 89,900 employees on a full-time equivalent basis as of December 31, 2025, 89% of them based in the U.S. The company has two reportable segments that it operates and manages as strategic business units, Verizon Consumer Group and Verizon Business Group. The Consumer segment sells wireless services and equipment to retail customers, residential fixed connectivity solutions including internet, video and voice services, and wireless network access to resellers on a wholesale basis. The Business segment provides wireless and wireline communications services and products, including mobility communication services, fixed wireless access and wireline broadband, Internet of Things connectivity solutions, corporate networking solutions, local and long distance voice services, and security and managed network services.

Written from the business description in VERIZON COMMUNICATIONS INC's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 138.2B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 138.2 · Net income 17.2
50B100B
2007201020132016201920222025
Compound annual growth
+0.3%
+1.5%
+0.5%
+1.7%
−6.9%
−0.7%
−0.4%
+13.6%
−7.1%
−1.1%
−0.7%
+10.6%
+1.9%
+1.9%
+2.1%
+2.4%
+2.0%
+2.3%
−1.7%
+5.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 21.2% · Net 12.7%
10%20%
200720162025
ROE
FY2025 · ROE 16.6%
50%100%
200720162025
Three returns, three denominators.

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

USD 11.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2018 · FCF 17.7
10B20B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 11.5 · Net buybacks ·
5B10BDividendsNet buybacks
2007201020132016201920222025

USD 11.5B in dividends — 67% of the year's profit went back to shareholders.

Total assetsUSD 404.3B
CashUSD 19.0B
Gross debtUSD 158.2B
Net debtUSD 139.1B
Current ratio0.91×

Net debt stands at 132% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
VZ, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B138.2134.8134.0136.8133.6128.3131.9130.9126.0126.0131.6127.1120.5115.8110.9106.6107.897.493.5
Operating income $B29.328.722.930.532.428.830.422.327.429.233.119.632.013.212.914.616.02.615.6
EBITDA $B44.643.837.845.146.643.144.737.542.243.547.434.647.028.127.929.230.515.8◌
Income tax $B5.15.04.96.56.85.62.93.6−10.07.49.93.35.7−0.70.32.51.9−2.34.0
Net income $B17.217.511.621.322.117.819.315.530.113.117.99.611.50.92.42.54.9−2.25.5
Free cash flow $B◌◌◌◌◌◌◌17.77.14.621.313.422.215.313.516.914.510.39.3
EPS, diluted $4.064.142.755.065.324.304.653.767.363.214.372.424.000.310.850.901.72−0.771.90
Dividend / sh $2.732.692.632.582.542.482.442.382.332.292.232.162.092.031.981.931.871.78◌
Payout %67649551475752633171488152598231212108−22886
ROE %16.618.012.524.228.926.932.831.287.662.7113.517.612.71.02.83.06.0−2.76.7

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTelephone Communications (No Radiotelephone)
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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