MARKETS / NYSE / VZ
NYSE · TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) · LARGE CAP

Verizon Communications Inc. VZ

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY17 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$138.2B
▲ 2.5% vs FY2024
Dividend streak
17 yrs
Raised every year since 2009
EPS · FY25
$4.06
Dividend / sh · FY25
$2.73
Payout · FY25
67%
ROE · FY25
Net margin · FY25
12.4%
Dividend coverage
1.5×
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Result
USD 138.2B
Revenue, FY2025 · full 19-year series below
Revenue Net income
4080120160138.217.22007201020132016201920222025
4080120160138.217.22016201920222025

12 cents of every revenue dollar became profit this year.

Per share
USD 4.06
Diluted EPS, FY2025
EPS Dividend
2.557.52.734.062007201020132016201920222025
2.557.52.734.062016201920222025

Earnings covered the dividend 1.5 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
0.250.50.7512007201020132016201920222025
0.250.50.7512016201920222025
Operating margin21.2%
Net margin12.4%
Return on assets4.4%

Returned to shareholders
USD 11.5B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 11.5B
Net buybacks
Share of profit66.9%
Consecutive raises17 years

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

Growth
+1.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+0.3%
+1.5%
+0.5%
+1.7%
Net income
−6.9%
−0.7%
−0.4%
+13.6%
EPS, diluted
−7.1%
−1.1%
−0.7%
+10.6%
Dividend / share
+1.9%
+1.9%
+2.1%
+2.4%
Returned to shareholders
+2.0%
+2.3%
−1.7%
+5.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 404.3B
total assets, end of FY2025
Total assetsUSD 404.3B
CashUSD 19.0B
Gross debtUSD 158.2B
Net debtUSD 139.1B
Current ratio0.91×

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
138.2
134.8
134.0
136.8
133.6
128.3
131.9
130.9
126.0
126.0
131.6
127.1
120.5
115.8
110.9
106.6
107.8
97.4
93.5
Operating income $B
29.3
28.7
22.9
30.5
32.4
28.8
30.4
22.3
27.4
29.2
33.1
19.6
32.0
13.2
12.9
14.6
16.0
2.6
15.6
EBITDA $B
44.6
43.8
37.8
45.1
46.6
43.1
44.7
37.5
42.2
43.5
47.4
34.6
47.0
28.1
27.9
29.2
30.5
15.8
·
Income tax $B
5.1
5.0
4.9
6.5
6.8
5.6
2.9
3.6
−10.0
7.4
9.9
3.3
5.7
−0.7
0.3
2.5
1.9
−2.3
4.0
Net income $B
17.2
17.5
11.6
21.3
22.1
17.8
19.3
15.5
30.1
13.1
17.9
9.6
11.5
0.9
2.4
2.5
4.9
−2.2
5.5
EPS, diluted $
4.06
4.14
2.75
5.06
5.32
4.30
4.65
3.76
7.36
3.21
4.37
2.42
4.00
0.31
0.85
0.90
1.72
−0.77
1.90
Dividend / sh $
2.73
2.69
2.63
2.58
2.54
2.48
2.44
2.38
2.33
2.29
2.23
2.16
2.09
2.03
1.98
1.93
1.87
1.78
·
Payout %
67
64
95
51
47
57
52
63
31
71
48
81
52
598
231
212
108
−228
86
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
55 of 55
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed