Verizon Communications (VZ) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone cus...
Verizon Communications's revenue increased 2.5% year over year, from $134.79B to $138.19B.
Net income decreased 1.9% over the same period, from $17.51B to $17.17B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 10% in total.
Total debt increased by 15.0% to $139.53B.
The debt-to-equity ratio stands at 1.32, indicating a elevated leverage profile.
Operating cash flow grew 0.6% to $37.14B.
Verizon Communications maintains a healthy net profit margin of 12.4%.
Recent Financial Statements
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2023 | $98.84B+50.9% | $14.32B | $59.14B | $22.28B | $28.80B | $384.83B | $134.44B | $99.09B |
| Q1 FY2024 | $32.98B-66.6% | $4.60B | $20.11B | $7.52B | $7.08B | $380.16B | $136.10B | $95.73B |
| Q2 FY2024 | $65.78B+99.4% | $9.20B | $40.43B | $15.34B | $16.57B | $379.15B | $126.02B | $97.54B |
| Q3 FY2024 | $99.11B+50.7% | $12.50B | $60.52B | $21.27B | $26.48B | $381.16B | $128.88B | $97.67B |
| Q1 FY2025 | $33.48B-66.2% | $4.88B | $20.43B | $7.98B | $7.78B | $380.36B | $121.02B | $102.04B |
| Q2 FY2025 | $67.99B+103.0% | $9.88B | $41.05B | $16.15B | $16.76B | $383.29B | $123.93B | $104.36B |
| Q3 FY2025 | $101.81B+49.7% | $14.83B | $61.52B | $24.25B | $28.02B | $388.33B | $126.63B | $106.34B |
| Q1 FY2026 | $34.44B-66.2% | $5.04B | $20.77B | $8.24B | $7.98B | $417.88B | $144.23B | $104.62B |
Balance Sheet Summary (Latest Period)
Total Assets
$404.26B
Total Liabilities
$298.52B
Total Equity
$105.74B
Cash & Equivalents
$19.05B
Total Debt
$139.53B
Current Assets
$56.92B
Current Liabilities
$62.37B
Retained Earnings
$94.74B