Verizon Communications (VZ) Financial Statements
Historical financial data — 42 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
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $33.33B+1.6% | $3.31B | $20.09B | $5.93B | $9.91B | $381.16B | $128.88B | $97.67B |
| Q4 FY2024 | $35.68B+7.1% | $5.00B | $20.17B | $7.42B | $10.43B | $384.71B | $121.38B | $100.58B |
| Q1 FY2025 | $33.48B-6.2% | $4.88B | $20.43B | $7.98B | $7.78B | $380.36B | $121.02B | $102.04B |
| Q2 FY2025 | $34.50B+3.0% | $5.00B | $20.62B | $8.17B | $8.97B | $383.29B | $123.93B | $104.36B |
| Q3 FY2025 | $33.82B-2.0% | $4.95B | $20.48B | $8.11B | $11.27B | $388.33B | $126.63B | $106.34B |
| Q4 FY2025 | $36.38B+7.6% | $2.34B | $19.90B | $5.00B | $9.11B | $404.26B | $139.53B | $105.74B |
| Q1 FY2026 | $34.44B-5.3% | $5.04B | $14.26B | $8.24B | $7.98B | N/A | N/A | N/A |
| Q2 FY2026 | $34.25B-0.5% | $3.83B | $15.31B | $7.18B | $10.44B | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Verizon Communications (VZ) Financial Statements & Revenue History
Verizon Communications (VZ) is a US-listed stock operating in the Communication Services sector, specifically the Telephone Communications (No Radiotelephone) industry trading at $44.75 with a market capitalization of $186. This page provides 42 historical financial statements for Verizon Communications, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Verizon Communications reported revenue of $138.2 billion, representing 2.5% year-over-year growth. The net profit margin of 12.4% indicates moderate profitability. The debt-to-equity ratio of 1.32 indicates elevated leverage.
VZ Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Verizon Communications's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether VZ is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track VZ's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Verizon Communications converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of VZ's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use VZ Financial Data
Investors use Verizon Communications's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare VZ's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how VZ's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View VZ's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Verizon Communications's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.VZ trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.