Verizon Communications Inc
VZ- Exchange
- NYSE
- Industry
- Telephone Communications (No Radiotelephone)
- SEC CIK
- 0000732712
In the last 90 days, Verizon Communications Inc insiders filed 0 open-market purchases and 12 sales; 3,176 institutions reported holding it in 13F filings for Q2 2026, worth $121.5B in total; Soros Fund Management is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:14 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 30, 2026 | Jan 24, 2025 | Jan 23, 2024 | Jan 24, 2023 | Jan 25, 2022 |
| Revenue | $138.2B | $134.8B | $134.0B | $136.8B | $133.6B |
| Selling, general and administrative | $33.8B | $34.1B | $32.7B | $30.1B | $28.7B |
| Operating income | $29.3B | $28.7B | $22.9B | $30.5B | $32.4B |
| Interest expense | – | – | $5.52B | $3.61B | $3.48B |
| Income tax | $5.06B | $5.03B | $4.89B | $6.52B | $6.80B |
| Net income | $17.2B | $17.5B | $11.6B | $21.3B | $22.1B |
| EPS, basic | $4.06 | $4.15 | $2.76 | $5.06 | $5.32 |
| EPS, diluted | $4.06 | $4.14 | $2.75 | $5.06 | $5.32 |
| Weighted shares, basic | 4.23B | 4.22B | 4.21B | 4.20B | 4.15B |
| Weighted shares, diluted | 4.23B | 4.22B | 4.21B | 4.20B | 4.15B |
| Margins and growth | |||||
| Operating margin | 21.2% | 21.3% | 17.1% | 22.3% | 24.3% |
| Net margin | 12.4% | 13.0% | 8.7% | 15.5% | 16.5% |
| Revenue growth, year over year | +2.5% | +0.6% | −2.1% | +2.4% | +4.1% |
| Net income growth, year over year | −1.9% | +50.7% | −45.4% | −3.7% | +24.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 30, 2026 | Jan 24, 2025 | Jan 23, 2024 | Jan 24, 2023 | Jan 25, 2022 |
| Cash and equivalents | $19.0B | $4.19B | $2.06B | $2.60B | $2.92B |
| Accounts receivable | – | – | – | – | $23.8B |
| Inventory | $2.44B | $2.25B | $2.06B | $2.39B | $3.06B |
| Total current assets | $56.9B | $40.5B | $36.8B | $37.9B | $36.7B |
| Property, plant and equipment | $109.5B | $108.5B | $108.3B | $107.4B | $99.7B |
| Goodwill | $22.8B | $22.8B | $22.8B | $28.7B | $28.6B |
| Intangible assets | $10.5B | $11.1B | $11.1B | $11.5B | $11.7B |
| Total assets | $404.3B | $384.7B | $380.3B | $379.7B | $366.6B |
| Accounts payable | $12.2B | $10.4B | $10.0B | $8.75B | $8.04B |
| Short-term debt | $441.0M | $65.0M | $0 | $150.0M | $0 |
| Total current liabilities | $62.4B | $64.8B | $53.2B | $50.2B | $47.2B |
| Shareholders' equity | $105.7B | $100.6B | $93.8B | $92.5B | $83.2B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 30, 2026 | Jan 24, 2025 | Jan 23, 2024 | Jan 24, 2023 | Jan 25, 2022 |
| Operating cash flow | $37.1B | $36.9B | $37.5B | $37.1B | $39.5B |
| Depreciation and amortization | $18.3B | $17.9B | $17.6B | $17.1B | $16.2B |
| Dividends paid | $11.5B | $11.2B | $11.0B | $10.8B | $10.4B |
| Investing cash flow | -$16.7B | -$18.7B | -$23.4B | -$28.7B | -$67.2B |
| Financing cash flow | -$5.61B | -$17.1B | -$14.7B | -$8.53B | $8.28B |
| Net change in cash | $14.9B | $1.14B | -$614.0M | -$50.0M | -$19.3B |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 4.14B | −1.7% | SEC |
| Jun 30, 2026 | 4.15B | −1.5% | SEC |
| Mar 31, 2026 | 4.18B | −1.0% | SEC |
| Jan 30, 2026 | 4.22B | +0.2% | SEC |
| Sep 30, 2025 | 4.22B | +0.2% | SEC |
| Jun 30, 2025 | 4.22B | +0.2% | SEC |
| Mar 31, 2025 | 4.22B | +0.2% | SEC |
| Jan 31, 2025 | 4.21B | +0.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.