What is Verizon Communications Inc.'s earnings per share (EPS)?

Verizon Communications Inc. (VZ) reported diluted earnings per share of $4.06 for fiscal year 2025. This represents a -1.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Verizon Communications (VZ) Financials

VZ NYSE

Trailing 12 months to June 30, 2026

Revenue $138.9B +1.4% YoY

Net Income $16.2B -11.1% YoY

EPS (Diluted) $3.84 -10.5% YoY

Operating Cash Flow $38.8B +4.6% YoY

Market Cap $185.6B as of Oct 23, 2026

Price / Sales 1.3x on $138.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 11.5x on $16.2B net income, trailing 12 months to June 30, 2026

Price / Book 1.8x on $103.9B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VZ SEC filings page.

Verizon Communications Inc. (VZ) reported $138.9B in revenue over the twelve months to Jun 30, 2026, up 1.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VZ FY2025 2026-10-24

Verizon's cash generation is steadier than reported profit, while a largely flat revenue base supports a debt-financed asset structure.

From FY2022 to FY2023, net income fell 45.4% while operating cash flow edged up 0.9%; by FY2025, operating cash flow still equaled 216.2% of net income. This divergence makes accounting earnings a noisier guide to operating cash production, with depreciation and amortization at $18.3B providing one visible noncash difference.

FY2025 ended with total liabilities of $299.8B against equity of $104.5B. Debt-to-equity was 1.3x, so the business remains funded more by obligations than owners' capital. Long-term debt rose 15.0% from FY2024, while the current ratio improved from 0.6x to 0.9x, combining greater near-term flexibility with continued reliance on debt financing.

Revenue grew 2.5% in FY2025, but operating margin slipped 0.1 pp; scale did not materially widen operating profitability. Net income fell 1.9% even as selling, general and administrative expense declined 0.9%, pointing to pressure below operating income rather than rising overhead.

Financial Health Signals

Financial Health Score (5 of 6 dimensions) 47/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Verizon Communications Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Verizon Communications Inc. has an operating margin of 21.2%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is down from 21.3% the prior year.

Growth

Verizon Communications Inc.'s revenue grew a modest 2.5% year-over-year to $138.2B. This slow but positive growth earns a score of 36/100.

Leverage

Verizon Communications Inc. has elevated debt relative to equity (D/E of 1.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.

Liquidity

Verizon Communications Inc.'s current ratio of 0.91 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

n/a

Not available for Verizon Communications Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.

Returns

Verizon Communications Inc. earns a strong 16.4% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is down from 17.6% the prior year.

Altman Z-Score Distress

1.26

Verizon Communications Inc. scores 1.26, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $5.4B against total assets of $404.3B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Verizon Communications Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.

Earnings Quality Cash-Backed

2.16x

For every $1 of reported earnings, Verizon Communications Inc. generates $2.16 in operating cash flow ($37.1B OCF vs $17.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.37x

Verizon Communications Inc. earns $4.37 in operating income for every $1 of interest expense ($29.3B vs $6.7B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$34.3B

YoY-0.7%

QoQ-0.5%

5Y CAGR+0.3%

10Y CAGR+1.2%

Verizon Communications Inc. generated $34.3B in revenue in Q2 2026. This represents a decrease of 0.7% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

EBITDA

$12.2B

YoY-4.8%

QoQ-7.2%

5Y CAGR0.0%

10Y CAGR+0.1%

Verizon Communications Inc.'s EBITDA was $12.2B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.8% from the same quarter a year earlier. Against the prior quarter it is down 7.2%.

Net Income

$3.8B

YoY-23.3%

QoQ-24.0%

5Y CAGR-7.9%

10Y CAGR+18.5%

Verizon Communications Inc. reported $3.8B in net income in Q2 2026. This represents a decrease of 23.3% from the same quarter a year earlier. Against the prior quarter it is down 24.0%.

EPS (Diluted)

$0.92

YoY-22.0%

QoQ-23.3%

5Y CAGR-8.1%

10Y CAGR+18.4%

Verizon Communications Inc. earned $0.92 per diluted share (EPS) in Q2 2026. This represents a decrease of 22.0% from the same quarter a year earlier. Against the prior quarter it is down 23.3%.

Cash & Balance Sheet

Cash & Debt

$1.8B

YoY-49.0%

QoQ-79.1%

5Y CAGR-17.8%

10Y CAGR-4.8%

Verizon Communications Inc. held $1.8B in cash against $143.4B in long-term debt as of Q2 2026.

Dividends Per Share

$0.71

YoY+4.4%

QoQ0.0%

5Y CAGR+2.4%

10Y CAGR+2.3%

Verizon Communications Inc. paid $0.71 per share in dividends in Q2 2026. This represents an increase of 4.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

4.15B

YoY-1.5%

QoQ-0.5%

5Y CAGR+0.1%

10Y CAGR+0.2%

Verizon Communications Inc. had 4.15B shares outstanding in Q2 2026. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

21.0%

YoY-2.7pp

QoQ-3.0pp

5Y change-3.2pp

10Y change-5.5pp

Verizon Communications Inc.'s operating margin was 21.0% in Q2 2026, reflecting core business profitability. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.0 percentage points.

Net Margin

11.2%

YoY-3.3pp

QoQ-3.4pp

5Y change-6.0pp

10Y change+8.9pp

Verizon Communications Inc.'s net profit margin was 11.2% in Q2 2026, showing the share of revenue converted to profit. This is down 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.

Return on Equity

3.7%

YoY-1.2pp

QoQ-1.2pp

5Y change-4.2pp

10Y change0.0pp

Verizon Communications Inc.'s quarterly ROE was 3.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$1.0B

YoYn/m

QoQ-60.0%

Verizon Communications Inc. spent $1.0B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 60.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

VZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VZ quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$138.9B	$138.2B+2.5%	$134.8B+0.6%	$134.0B-2.1%	$136.8B+2.4%	$133.6B+4.1%	$128.3B-2.7%	$131.9B+0.8%	$130.9B+3.8%	$126.0B0.0%	$126.0B-4.3%	$131.6B+3.6%	$127.1B+5.4%	$120.5B+4.1%	$115.8B+4.5%	$110.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$22.1B-0.4%	$22.2B-3.8%	$23.1B-53.7%	$49.9B+11.2%	$44.9B-3.0%	$46.3B+0.9%	$45.9B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$103.9B+0.1%	$103.7B-4.4%	$108.5B+40.6%	$77.1B+2.0%	$75.7B+8.8%	$69.6B+7.0%	$65.0B
SG&A Expenses	$34.7B	$33.8B-0.9%	$34.1B+4.2%	$32.7B+8.7%	$30.1B+5.2%	$28.7B-9.2%	$31.6B+5.6%	$29.9B-3.8%	$31.1B+8.7%	$28.6B+1.7%	$28.1B-11.1%	$31.6B-22.9%	$41.0B+51.4%	$27.1B-32.2%	$40.0B+12.1%	$35.6B
Operating Income	$28.5B	$29.3B+2.0%	$28.7B+25.4%	$22.9B-24.9%	$30.5B-6.1%	$32.4B+12.7%	$28.8B-5.2%	$30.4B+36.4%	$22.3B-18.8%	$27.4B-6.2%	$29.2B-4.5%	$30.6B+56.2%	$19.6B-38.7%	$32.0B+142.9%	$13.2B+2.2%	$12.9B
EBITDA	N/A	$47.6B+2.2%	$46.6B+15.0%	$40.5B-14.9%	$47.6B-2.2%	$48.7B+6.9%	$45.5B-3.3%	$47.1B+18.6%	$39.7B-10.6%	$44.4B-1.8%	$45.2B-3.1%	$46.6B+29.1%	$36.1B-25.6%	$48.6B+64.0%	$29.6B+0.8%	$29.4B
Interest Expense	$7.3B	$6.7B+0.7%	$6.6B+20.4%	$5.5B+52.9%	$3.6B+3.7%	$3.5B-17.9%	$4.2B-10.2%	$4.7B-2.1%	$4.8B+2.1%	$4.7B+8.2%	$4.4B-11.1%	$4.9B+0.1%	$4.9B+84.3%	$2.7B+3.7%	$2.6B-9.1%	$2.8B
Income Tax	$5.0B	$5.1B+0.7%	$5.0B+2.8%	$4.9B-25.0%	$6.5B-4.1%	$6.8B+21.1%	$5.6B+90.8%	$2.9B-17.8%	$3.6Bn/m	-$10.0B-234.9%	$7.4B-25.2%	$9.9B+197.7%	$3.3B-42.2%	$5.7Bn/m	-$660.0M-331.6%	$285.0M
Net Income	$16.2B	$17.2B-1.9%	$17.5B+50.7%	$11.6B-45.4%	$21.3B-3.7%	$22.1B+24.0%	$17.8B-7.6%	$19.3B+24.1%	$15.5B-48.4%	$30.1B+129.3%	$13.1B-26.6%	$17.9B+85.8%	$9.6B-16.3%	$11.5B+1213.9%	$875.0M-63.6%	$2.4B
EPS (Basic)	N/A	$4.06-2.2%	$4.15+50.4%	$2.76-45.5%	$5.06-4.9%	$5.32+23.7%	$4.30-7.7%	$4.66+23.9%	$3.76-49.0%	$7.37+128.9%	$3.22-26.5%	$4.38+81.0%	$2.42-39.7%	$4.01+1193.5%	$0.31-63.5%	$0.85
EPS (Diluted)	$3.84	$4.06-1.9%	$4.14+50.5%	$2.75-45.7%	$5.06-4.9%	$5.32+23.7%	$4.30-7.5%	$4.65+23.7%	$3.76-48.9%	$7.36+129.3%	$3.21-26.5%	$4.37+80.6%	$2.42-39.5%	$4.00+1190.3%	$0.31-63.5%	$0.85
Diluted Shares (Avg)	N/A	4.23B+0.2%	4.22B+0.2%	4.21B+0.3%	4.20B+1.3%	4.15B+0.2%	4.14B0.0%	4.14B+0.2%	4.13B+1.1%	4.09B+0.1%	4.09B-0.2%	4.09B+2.8%	3.98B+38.5%	2.87B+0.4%	2.86B+0.8%	2.84B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$34.3B-0.7%	$34.4B+2.9%	$36.4B+2.0%	$33.8B+1.5%	$34.5B+5.2%	$33.5B+1.5%	$35.7B+1.6%	$33.3B0.0%
SG&A Expenses	$9.0B+15.0%	$7.6B-3.1%	$10.4B+26.0%	$7.8B-20.1%	$7.8B-2.6%	$7.9B-3.3%	$8.2B-8.4%	$9.7B+21.4%
Operating Income	$7.2B-12.2%	$8.2B+3.3%	$5.0B-32.6%	$8.1B+36.8%	$8.2B+4.5%	$8.0B+6.1%	$7.4B+1136.8%	$5.9B-20.7%
EBITDA	$12.2B-4.8%	$13.1B+4.6%	$9.5B-20.2%	$12.7B+22.5%	$12.8B+4.1%	$12.6B+4.9%	$11.9B+133.1%	$10.4B-12.8%
Interest Expense	$2.0B+21.1%	$1.9B+18.9%	$1.8B+7.0%	$1.7B-0.5%	$1.6B-3.5%	$1.6B-0.2%	$1.6B+2.8%	$1.7B+16.7%
Income Tax	$1.3B-11.0%	$1.6B+9.9%	$615.0M-57.7%	$1.5B+65.1%	$1.5B+11.7%	$1.5B+10.1%	$1.5B+92.3%	$891.0M-31.9%
Net Income	$3.8B-23.3%	$5.0B+3.4%	$2.3B-53.2%	$5.0B+49.7%	$5.0B+8.9%	$4.9B+6.0%	$5.0Bn/m	$3.3B-30.6%
EPS (Basic)	$0.92-22.0%	$1.20+3.4%	$0.55-53.8%	$1.17+50.0%	$1.18+8.3%	$1.16+6.4%	$1.19n/m	$0.78-31.0%
EPS (Diluted)	$0.92-22.0%	$1.20+4.3%	$0.55-53.4%	$1.17+50.0%	$1.18+8.3%	$1.15+5.5%	$1.18n/m	$0.78-31.0%
Diluted Shares (Avg)	4.17B-1.3%	4.21B-0.4%	N/A	4.23B+0.2%	4.23B+0.2%	4.23B+0.2%	N/A	4.22B+0.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

VZ Balance Sheet

VZ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$404.3B+5.1%	$384.7B+1.2%	$380.3B+0.2%	$379.7B+3.6%	$366.6B+15.8%	$316.5B+8.5%	$291.7B+10.2%	$264.8B+3.0%	$257.1B+5.3%	$244.2B0.0%	$244.2B+5.2%	$232.1B-15.3%	$274.1B+21.7%	$225.2B-2.3%	$230.5B
Current Assets	$56.9B+40.5%	$40.5B+10.1%	$36.8B-2.8%	$37.9B+3.1%	$36.7B-32.7%	$54.6B+45.7%	$37.5B+8.2%	$34.6B+15.8%	$29.9B+13.3%	$26.4B+18.1%	$22.4B-24.3%	$29.5B-58.4%	$71.0B+234.3%	$21.2B-31.4%	$30.9B
Cash & Equivalents	$19.0B+354.2%	$4.2B+103.1%	$2.1B-20.7%	$2.6B-10.8%	$2.9B-86.8%	$22.2B+754.7%	$2.6B-5.5%	$2.7B+32.0%	$2.1B-27.8%	$2.9B-35.6%	$4.5B-57.8%	$10.6B-80.2%	$53.5B+1630.6%	$3.1B-76.9%	$13.4B
Short-Term Investments	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0	N/A	$0-100.0%	$350.0M-36.9%	$555.0M-7.7%	$601.0M+27.9%	$470.0M-20.6%	$592.0M
Inventory	$2.4B+8.6%	$2.2B+9.2%	$2.1B-13.9%	$2.4B-21.8%	$3.1B+70.1%	$1.8B+26.3%	$1.4B+6.4%	$1.3B+29.2%	$1.0B-14.0%	$1.2B-4.0%	$1.3B+8.6%	$1.2B+13.0%	$1.0B-5.1%	$1.1B+14.4%	$940.0M
Accounts Receivable	N/A	N/A	N/A	N/A	$23.8B-0.3%	$23.9B-5.9%	$25.4B+1.3%	$25.1B+6.8%	$23.5B+34.1%	$17.5B+30.1%	$13.5B-3.8%	$14.0B+12.5%	$12.4B-1.1%	$12.6B+6.8%	$11.8B
Long-Term Investments	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Goodwill	$22.8B0.0%	$22.8B0.0%	$22.8B-20.3%	$28.7B+0.2%	$28.6B+15.5%	$24.8B+1.6%	$24.4B-0.9%	$24.6B-15.6%	$29.2B+7.2%	$27.2B+7.4%	$25.3B+2.8%	$24.6B0.0%	$24.6B+2.1%	$24.1B+3.3%	$23.4B
Total Liabilities	$299.8B+5.0%	$285.5B-0.8%	$287.8B-0.2%	$288.5B+1.3%	$284.8B+14.5%	$248.6B+7.9%	$230.3B+8.8%	$211.7B-1.1%	$214.0B-3.4%	$221.7B-2.7%	$227.7B+3.6%	$219.8B-6.6%	$235.3B+22.5%	$192.1B-1.2%	$194.5B
Current Liabilities	$62.4B-3.7%	$64.8B+21.7%	$53.2B+6.1%	$50.2B+6.4%	$47.2B+18.9%	$39.7B-11.6%	$44.9B+18.3%	$37.9B+14.8%	$33.0B+8.9%	$30.3B-13.4%	$35.1B+25.2%	$28.0B+3.5%	$27.1B+0.3%	$27.0B-12.4%	$30.8B
Non-Current Liabilities	$236.1B+7.7%	$219.4B-5.9%	$233.2B-1.6%	$237.0B+0.3%	$236.2B+13.8%	$207.5B+12.8%	$184.0B+6.9%	$172.2B-4.0%	$179.4B-5.5%	$189.8B-1.5%	$192.7B+0.5%	$191.8B-7.9%	$208.2B+26.1%	$165.1B+0.8%	$163.7B
Long-Term Debt	$139.5B+15.0%	$121.4B-11.9%	$137.7B-2.1%	$140.7B-1.9%	$143.4B+16.4%	$123.2B+22.3%	$100.7B-4.9%	$105.9B-6.8%	$113.6B+7.8%	$105.4B+2.1%	$103.2B-6.2%	$110.0B+22.7%	$89.7B+88.3%	$47.6B-5.3%	$50.3B
Total Equity	$104.5B+5.3%	$99.2B+7.4%	$92.4B+1.4%	$91.1B+11.4%	$81.8B+20.6%	$67.8B+10.5%	$61.4B+15.5%	$53.1B+23.3%	$43.1B+91.3%	$22.5B+37.1%	$16.4B+33.6%	$12.3B-68.3%	$38.8B+17.1%	$33.2B-7.8%	$36.0B
Retained Earnings	$94.7B+6.3%	$89.1B+7.5%	$82.9B+0.6%	$82.4B+14.4%	$72.0B+19.1%	$60.5B+13.8%	$53.1B+22.1%	$43.5B+22.2%	$35.6B+136.6%	$15.1B+33.9%	$11.2B+359.6%	$2.4B+37.3%	$1.8Bn/m	-$3.7B-416.7%	$1.2B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$410.2B+7.0%	$417.9B+9.9%	$404.3B+5.1%	$388.3B+1.9%	$383.3B+1.1%	$380.4B+0.1%	$384.7B+1.2%	$381.2B-1.0%
Current Assets	$37.6B-3.3%	$44.7B+19.7%	$56.9B+40.5%	$44.0B+8.3%	$38.8B+2.1%	$37.4B-1.6%	$40.5B+10.1%	$40.6B+6.6%
Cash & Equivalents	$1.8B-49.0%	$8.4B+270.7%	$19.0B+354.2%	$7.7B+54.5%	$3.4B+41.2%	$2.3B-4.6%	$4.2B+103.1%	$5.0B+18.5%
Short-Term Investments	$0n/m	$0n/m	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$2.0B-4.7%	$2.3B+5.6%	$2.4B+8.6%	$2.7B+7.0%	$2.1B+16.1%	$2.2B+5.8%	$2.2B+9.2%	$2.5B+12.6%
Long-Term Investments	N/A	N/A	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Goodwill	$30.7B+34.2%	$30.6B+34.1%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B-20.2%
Total Liabilities	$306.3B+9.3%	$314.6B+12.5%	$299.8B+5.0%	$283.3B-0.5%	$280.2B-1.0%	$279.6B-2.2%	$285.5B-0.8%	$284.8B-0.8%
Current Liabilities	$62.2B+2.1%	$69.9B+14.4%	$62.4B-3.7%	$59.6B-3.6%	$61.0B+0.2%	$61.1B+13.9%	$64.8B+21.7%	$61.8B+11.0%
Non-Current Liabilities	$242.8B+11.4%	$243.4B+12.0%	$236.1B+7.7%	$222.4B+0.3%	$218.0B-1.3%	$217.3B-5.9%	$219.4B-5.9%	$221.7B-3.6%
Long-Term Debt	$143.4B+15.8%	$144.2B+19.2%	$139.5B+15.0%	$126.6B-1.7%	$123.9B-1.7%	$121.0B-11.1%	$121.4B-11.9%	$128.9B-4.1%
Total Equity	$103.9B+0.8%	$103.3B+2.6%	$104.5B+5.3%	$105.0B+9.0%	$103.1B+7.2%	$100.7B+6.8%	$99.2B+7.4%	$96.3B-1.4%
Retained Earnings	$97.7B+4.8%	$96.8B+6.3%	$94.7B+6.3%	$95.3B+9.6%	$93.3B+7.8%	$91.1B+7.6%	$89.1B+7.5%	$87.0B-1.6%

Not reported in any period shown, so not listed: Accounts Receivable.

VZ Cash Flow Statement

VZ quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$38.8B	$37.1B+0.6%	$36.9B-1.5%	$37.5B+0.9%	$37.1B-6.1%	$39.5B-5.3%	$41.8B+16.8%	$35.7B+4.1%	$34.3B+41.2%	$24.3B+12.1%	$21.7B-44.4%	$39.0B+27.3%	$30.6B-21.1%	$38.8B+23.3%	$31.5B+5.7%	$29.8B
Depreciation & Amortization	N/A	$18.3B+2.6%	$17.9B+1.5%	$17.6B+3.1%	$17.1B+5.5%	$16.2B-3.1%	$16.7B+0.2%	$16.7B-4.1%	$17.4B+2.6%	$17.0B+6.4%	$15.9B-0.6%	$16.0B-3.1%	$16.5B-0.4%	$16.6B+0.9%	$16.5B-0.2%	$16.5B
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$400.0M+33.3%	$300.0M0.0%	$300.0M-25.0%	$400.0M-42.9%	$700.0M+40.0%	$500.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$16.7B-3.4%	$17.2B+1.1%	$17.1B-4.0%	$17.8B+3.4%	$17.2B+3.5%	$16.6B+2.7%	$16.2B-0.4%	$16.2B
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$17.7B+150.0%	$7.1B+52.7%	$4.6B-78.2%	$21.2B+57.9%	$13.4B-39.5%	$22.2B+45.1%	$15.3B+13.1%	$13.5B
Investing Cash Flow	-$28.0B	-$16.7Bn/m	-$18.7Bn/m	-$23.4Bn/m	-$28.7Bn/m	-$67.2Bn/m	-$23.5Bn/m	-$17.6Bn/m	-$17.9Bn/m	-$18.5Bn/m	-$9.9Bn/m	-$30.0Bn/m	-$15.9Bn/m	-$14.8Bn/m	-$20.5Bn/m	-$17.3B
Financing Cash Flow	-$12.5B	-$5.6Bn/m	-$17.1Bn/m	-$14.7Bn/m	-$8.5B-203.0%	$8.3B+524.7%	$1.3Bn/m	-$18.2Bn/m	-$15.4Bn/m	-$6.2Bn/m	-$13.4Bn/m	-$15.1Bn/m	-$57.7B-318.2%	$26.4Bn/m	-$21.3Bn/m	-$5.8B
Dividends Paid	$11.6B	$11.5B+2.1%	$11.2B+2.0%	$11.0B+2.0%	$10.8B+3.4%	$10.4B+2.1%	$10.2B+2.2%	$10.0B+2.5%	$9.8B+3.2%	$9.5B+2.3%	$9.3B+8.5%	$8.5B+9.4%	$7.8B+31.5%	$5.9B+13.5%	$5.2B-5.9%	$5.6B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0-100.0%	$5.1B	N/A	$153.0M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$10.4B+16.3%	$8.0B+2.6%	$9.1B-12.6%	$11.3B+13.7%	$9.0B-5.4%	$7.8B+9.9%	$10.4B+20.2%	$9.9B-8.0%
Depreciation & Amortization	$5.0B+8.0%	$4.9B+6.9%	$4.5B+0.3%	$4.6B+3.6%	$4.6B+3.4%	$4.6B+3.0%	$4.5B-0.2%	$4.5B+0.6%
Investing Cash Flow	-$4.9Bn/m	-$13.6Bn/m	-$5.0Bn/m	-$4.5Bn/m	-$3.4Bn/m	-$3.8Bn/m	-$5.6Bn/m	-$4.0Bn/m
Financing Cash Flow	-$11.8Bn/m	-$5.3Bn/m	$7.2Bn/m	-$2.6Bn/m	-$4.4Bn/m	-$5.9Bn/m	-$5.6Bn/m	-$4.4Bn/m
Dividends Paid	$3.0B+3.4%	$2.9B+1.9%	$2.9B+2.2%	$2.9B+2.0%	$2.9B+1.9%	$2.9B+2.1%	$2.9B+2.0%	$2.8B+2.1%
Share Buybacks	$1.0Bn/m	$2.5Bn/m	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.

VZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VZ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	82.4%+0.1pp	82.3%-0.1pp	82.4%+21.7pp	60.7%-2.1pp	62.8%+2.7pp	60.1%+1.4pp	58.6%
Operating Margin	21.2%-0.1pp	21.3%+4.2pp	17.1%-5.2pp	22.3%-2.0pp	24.3%+1.8pp	22.4%-0.6pp	23.0%+6.0pp	17.0%-4.7pp	21.8%-1.5pp	23.2%0.0pp	23.3%+7.8pp	15.4%-11.1pp	26.5%+15.2pp	11.4%-0.3pp	11.6%
Net Margin	12.4%-0.6pp	13.0%+4.3pp	8.7%-6.9pp	15.5%-1.0pp	16.5%+2.6pp	13.9%-0.7pp	14.6%+2.7pp	11.9%-12.0pp	23.9%+13.5pp	10.4%-3.2pp	13.6%+6.0pp	7.6%-2.0pp	9.5%+8.8pp	0.8%-1.4pp	2.2%
Return on Equity	16.4%-1.2pp	17.6%+5.1pp	12.6%-10.7pp	23.3%-3.7pp	27.0%+0.7pp	26.2%-5.1pp	31.4%+2.2pp	29.2%-40.6pp	69.8%+11.6pp	58.3%-50.6pp	108.8%+30.6pp	78.3%+48.7pp	29.6%+27.0pp	2.6%-4.0pp	6.7%
Return on Assets	4.3%-0.3pp	4.5%+1.5pp	3.0%-2.6pp	5.6%-0.4pp	6.0%+0.4pp	5.6%-1.0pp	6.6%+0.7pp	5.9%-5.8pp	11.7%+6.3pp	5.4%-1.9pp	7.3%+3.2pp	4.2%0.0pp	4.2%+3.8pp	0.4%-0.7pp	1.0%
Current Ratio	0.91+0.3x	0.63-0.1x	0.69-0.1x	0.750.0x	0.78-0.6x	1.38+0.5x	0.84-0.1x	0.910.0x	0.910.0x	0.87+0.2x	0.64-0.4x	1.06-1.6x	2.62+1.8x	0.79-0.2x	1.01
Debt-to-Equity	1.34+0.1x	1.22-0.3x	1.49-0.1x	1.54-0.2x	1.75-0.1x	1.82+0.2x	1.64-0.4x	1.99-0.6x	2.64-2.0x	4.68-1.6x	6.28-2.7x	8.95+6.6x	2.31+0.9x	1.440.0x	1.40
Liabilities-to-Equity	2.870.0x	2.88-0.2x	3.11-0.1x	3.17-0.3x	3.48-0.2x	3.67-0.1x	3.75-0.2x	3.98-1.0x	4.97-4.9x	9.84-4.0x	13.86-4.0x	17.87+11.8x	6.06+0.3x	5.79+0.4x	5.41
Asset Turnover	0.340.0x	0.350.0x	0.350.0x	0.360.0x	0.360.0x	0.410.0x	0.450.0x	0.490.0x	0.490.0x	0.520.0x	0.540.0x	0.55+0.1x	0.44-0.1x	0.510.0x	0.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	13.5%+7.9pp	5.6%+1.9pp	3.7%-12.4pp	16.1%+5.5pp	10.6%-7.8pp	18.4%+5.2pp	13.2%+1.0pp	12.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	21.0%-2.7pp	23.9%+0.1pp	13.8%-7.0pp	24.0%+6.2pp	23.7%-0.2pp	23.8%+1.0pp	20.8%+19.1pp	17.8%-4.6pp
Net Margin	11.2%-3.3pp	14.6%+0.1pp	6.4%-7.6pp	14.6%+4.7pp	14.5%+0.5pp	14.6%+0.6pp	14.0%+21.7pp	9.9%-4.4pp
Return on Equity	3.7%-1.2pp	4.9%0.0pp	2.2%-2.8pp	4.7%+1.3pp	4.9%+0.1pp	4.8%0.0pp	5.0%+8.0pp	3.4%-1.4pp
Return on Assets	0.9%-0.4pp	1.2%-0.1pp	0.6%-0.7pp	1.3%+0.4pp	1.3%+0.1pp	1.3%+0.1pp	1.3%+2.0pp	0.9%-0.4pp
Current Ratio	0.600.0x	0.640.0x	0.91+0.3x	0.74+0.1x	0.640.0x	0.61-0.1x	0.63-0.1x	0.660.0x
Debt-to-Equity	1.38+0.2x	1.40+0.2x	1.34+0.1x	1.21-0.1x	1.20-0.1x	1.20-0.2x	1.22-0.3x	1.340.0x
Liabilities-to-Equity	2.95+0.2x	3.04+0.3x	2.870.0x	2.70-0.3x	2.72-0.2x	2.78-0.3x	2.88-0.2x	2.960.0x
Asset Turnover	0.080.0x	0.080.0x	0.090.0x	0.090.0x	0.090.0x	0.090.0x	0.090.0x	0.090.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Verizon Communications Inc. VZ	FY2025	$138.2B	$17.2B	12.4%	$185.6B	47/100
Comcast Corp CMCSA	FY2025	$123.7B	$20.0B	16.2%	$80.6B	51/100
AT&T T	FY2025	$125.6B	$22.0B	17.5%	$141.0B	46/100
America Movil S.A.B de C.V AMX	FY2025	$52.5B	$4.9B	9.3%	$73.4B	61/100
T-Mobile US, Inc. TMUS	FY2025	$88.3B	$11.0B	12.4%	$157.2B	54/100
CHUNGHWA TELECOM CO., LTD CHT	FY2025	$7.5B	$1.3B	17.2%	$37.6B	70/100

Where Verizon Communications Inc. Ranks

Frequently Asked Questions

What is Verizon Communications Inc.'s annual revenue?

Verizon Communications Inc. (VZ) reported $138.2B in total revenue for fiscal year 2025. This represents a 2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Verizon Communications Inc.'s revenue growing?

Verizon Communications Inc. (VZ) revenue grew by 2.5% year-over-year, from $134.8B to $138.2B in fiscal year 2025.

Is Verizon Communications Inc. profitable?

Yes, Verizon Communications Inc. (VZ) reported a net income of $16.2B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $17.2B, with a net profit margin of 12.4%.

What is Verizon Communications Inc.'s EBITDA?

Verizon Communications Inc. (VZ) had EBITDA of $47.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Verizon Communications Inc. have?

As of fiscal year 2025, Verizon Communications Inc. (VZ) had $19.0B in cash and equivalents against $139.5B in long-term debt.

What is Verizon Communications Inc.'s operating margin?

Verizon Communications Inc. (VZ) had an operating margin of 21.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Verizon Communications Inc.'s net profit margin?

Verizon Communications Inc. (VZ) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Verizon Communications Inc. pay dividends?

Yes, Verizon Communications Inc. (VZ) paid $2.73 per share in dividends during fiscal year 2025.

What is Verizon Communications Inc.'s return on equity (ROE)?

Verizon Communications Inc. (VZ) has a return on equity of 16.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Verizon Communications Inc.'s operating cash flow?

Verizon Communications Inc. (VZ) generated $37.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Verizon Communications Inc.'s total assets?

Verizon Communications Inc. (VZ) had $404.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Verizon Communications Inc. have outstanding?

Verizon Communications Inc. (VZ) had 4.22B shares outstanding as of fiscal year 2025.

What is Verizon Communications Inc.'s current ratio?

Verizon Communications Inc. (VZ) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Verizon Communications Inc.'s debt-to-equity ratio?

Verizon Communications Inc. (VZ) had a debt-to-equity ratio of 1.34 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Verizon Communications Inc.'s liabilities-to-equity ratio?

Verizon Communications Inc. (VZ) had a liabilities-to-equity ratio of 2.87 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Verizon Communications Inc.'s return on assets (ROA)?

Verizon Communications Inc. (VZ) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Verizon Communications Inc.'s P/E ratio?

Verizon Communications Inc. (VZ) trades at 11.5x earnings, its market capitalization divided by $16.2B net income, trailing 12 months to June 30, 2026. The market capitalization is $185.6B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Verizon Communications Inc.'s price-to-sales ratio?

Verizon Communications Inc. (VZ) trades at 1.3x sales, its market capitalization divided by $138.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $185.6B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Verizon Communications Inc.'s Altman Z-Score?

Verizon Communications Inc. (VZ) has an Altman Z-Score of 1.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Verizon Communications Inc.'s Piotroski F-Score?

Verizon Communications Inc. (VZ) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Verizon Communications Inc.'s earnings high quality?

Verizon Communications Inc. (VZ) has an earnings quality ratio of 2.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Verizon Communications Inc. cover its interest payments?

Verizon Communications Inc. (VZ) has an interest coverage ratio of 4.37x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Verizon Communications Inc.?

Verizon Communications Inc. (VZ) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Verizon Communications Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.