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VZ

Verizon Communications Inc.

VZ

Verizon Communications Inc. • NYSE
$41.11 ▲ 0.56% (+0.23)
Market Cap $173.34 B
52w High $47.36
52w Low $37.59
Dividend Yield 2.72%
P/E 8.77
Volume 9.93M
Outstanding Shares 4.22B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $33.821B ▼ $7.752B ▼ $4.95B ▼ 14.636% ▲ $1.17 ▼ $12.809B ▼
Q2-2025 $34.504B ▲ $7.812B ▼ $5.003B ▲ 14.5% ▼ $1.18 ▲ $12.883B ▲
Q1-2025 $33.485B ▼ $7.874B ▼ $4.879B ▼ 14.571% ▲ $1.16 ▼ $12.682B ▼
Q4-2024 $35.681B ▲ $8.24B ▲ $5.005B ▲ 14.027% ▲ $1.19 ▲ $12.721B ▲
Q3-2024 $33.33B $7.788B $3.306B 9.919% $0.78 $10.43B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.706B ▲ $388.331B ▲ $281.986B ▲ $105.042B ▲
Q2-2025 $3.467B ▲ $383.285B ▲ $278.924B ▲ $103.063B ▲
Q1-2025 $2.284B ▼ $380.364B ▼ $278.327B ▼ $100.722B ▲
Q4-2024 $4.194B ▼ $384.711B ▲ $284.136B ▲ $99.237B ▲
Q3-2024 $4.987B $381.164B $283.496B $96.326B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.056B $11.266B $-4.49B $-2.551B $4.225B $19.453B ▲
Q3-2025 $5.056B ▼ $11.266B ▲ $-4.49B ▼ $-2.551B ▲ $4.225B ▲ $0 ▼
Q2-2025 $5.121B ▲ $8.975B ▲ $-3.438B ▲ $-4.378B ▲ $1.159B ▲ $5.055B ▲
Q1-2025 $4.983B ▼ $7.782B ▼ $-3.752B ▲ $-5.893B ▼ $-1.863B ▼ $3.515B ▼
Q4-2024 $5.114B $10.432B $-5.561B $-5.623B $-752M $5.229B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Verizon Business Group
Verizon Business Group
 $7.50Bn ▲$7.29Bn ▼$7.28Bn ▼$7.14Bn ▼
Verizon Consumer Group
Verizon Consumer Group
 $27.56Bn ▲$25.62Bn ▼$26.65Bn ▲$26.11Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Verizon’s revenue over the past five years has been broadly stable, inching up only modestly, which is typical for a mature telecom provider. Profitability has generally been solid, with healthy operating profits and strong earnings in most years. One recent year stands out with noticeably lower net income, suggesting one‑off charges or unusual factors, but earnings rebounded afterward, showing resilience rather than a structural collapse. Overall, the income statement points to a slow‑growth, cash‑generating business with decent margins, but not a high‑growth story.

Balance Sheet

Balance Sheet The balance sheet is large and heavy with long‑lived network assets, as expected for a telecom operator. Debt is high but has been edging down from its peak, while shareholder equity has trended upward, which together indicate gradual strengthening of the capital structure. Cash on hand is relatively small compared with total debt, so Verizon leans on its steady cash flows and access to capital markets rather than big cash reserves. The key risk is ongoing sensitivity to interest rates and refinancing conditions, but the scale and stability of the business partially offset that concern.

Cash Flow

Cash Flow Verizon’s cash generation from its operations has been consistently strong, providing a solid foundation to fund capital spending, interest, and shareholder returns. Free cash flow dipped noticeably during the most intense 5G investment period, when capital spending was elevated, but has since recovered as those outlays have moderated. This pattern is typical of a capital‑intensive network build cycle: spend heavily, then enjoy better free cash flow once the major build is in place. The cash flow profile looks durable, but it depends on Verizon maintaining both its customer base and pricing power.

Competitive Edge

Competitive Edge Verizon holds a leading position in U.S. wireless and broadband, anchored by a reputation for network quality and reliability. Its national scale, brand strength, and deep infrastructure create high barriers for new entrants and make it hard even for existing rivals to quickly close the gap. That said, competition from other national carriers and from cable operators using wireless and broadband bundles is intense, putting pressure on pricing and subscriber growth. Verizon’s strategy leans on being the premium network provider, targeting customers and businesses that value reliability and coverage over the absolute lowest price.

Innovation and R&D

Innovation and R&D Verizon has a long track record of being early on major network technologies, from 4G LTE to 5G, and is now investing in next‑wave areas like 5G Ultra Wideband, private networks, and edge computing. Its Fios fiber network and fixed wireless home internet give it multiple ways to serve broadband customers, not just traditional mobile plans. The company is pushing into enterprise solutions, Internet of Things, mobile edge computing, and advanced security services through partnerships with major cloud and technology firms. Looking further ahead, work on 6G concepts and satellite‑based connectivity signals an ambition to stay at the forefront of network innovation, though commercial payoffs are uncertain and likely years away.

Summary

Verizon looks like a mature, infrastructure‑heavy telecom operator: modest revenue growth, solid profitability, high but manageable debt, and strong recurring cash flows. The core story is about using a superior and extensive network to defend a premium position in a fiercely competitive market, rather than chasing rapid expansion. Heavy past investment in 5G and fiber is now shifting toward monetization, which is helping free cash flow but still faces pricing pressure and customer churn risks. Long term, the company’s ability to translate its network edge, enterprise solutions, and emerging technologies (like private 5G, edge computing, and satellite partnerships) into new, higher‑margin revenue streams will be a key driver of how attractive its financial profile remains relative to other large telecom players.

NEWS

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November 3, 2025 · 4:00 AM UTC

Verizon to redeem debt securities on December 16, 2025

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October 30, 2025 · 11:00 AM UTC

Verizon Pledges more than $50,000 and Immediate Communications Support for those affected by Typhoon Halong in Alaska

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