Verizon Communications Inc.
VZ · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 136.84B | 60.60B | 30.47B | 21.26B | 5.06 |
| 2023 FY | 133.97B | 61.46B | 28.83B | 11.61B | 2.76 |
| 2024 FY | 134.79B | 62.80B | 30.60B | 17.51B | 4.15 |
| 2025 FY | 138.19B | 63.08B | 29.26B | 17.17B | 4.06 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 379.68B | 287.22B | 2.61B | 176.33B | 91.14B |
| 2023 FY | 380.26B | 286.46B | 2.07B | 174.94B | 92.43B |
| 2024 FY | 384.71B | 284.14B | 4.19B | 168.36B | 99.24B |
| 2025 FY | 404.26B | 298.52B | 19.05B | 200.59B | 104.46B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 37.14B | -26.74B | 10.40B | -10.81B | -50.00M |
| 2023 FY | 37.48B | -18.77B | 18.71B | -11.03B | -614.00M |
| 2024 FY | 36.91B | -17.99B | 18.92B | -11.25B | 1.14B |
| 2025 FY | 37.14B | -17.01B | 20.13B | -11.48B | 14.54B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 165.56B | 339.28B | — | — | — |
| 2023 FY | 158.75B | 331.63B | — | — | — |
| 2024 FY | 168.68B | 332.84B | — | — | — |
| 2025 FY | 172.12B | 353.67B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 34.50B | 15.98B | 8.17B | 5.00B | 1.18 |
| 2025 Q3 | 33.82B | 15.86B | 8.11B | 4.95B | 1.17 |
| 2025 Q4 | 36.38B | 29.28B | 5.00B | 2.34B | 0.55 |
| 2026 Q1 | 34.44B | 20.77B | 8.24B | 5.05B | 1.20 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 383.29B | 278.92B | 3.44B | 169.89B | 103.06B |
| 2025 Q3 | 388.33B | 281.99B | 7.71B | 170.45B | 105.04B |
| 2025 Q4 | 404.26B | 298.52B | 19.05B | 200.59B | 104.46B |
| 2026 Q1 | 417.88B | 313.26B | 8.37B | 195.87B | 103.31B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 8.98B | -3.92B | 5.06B | -2.86B | 1.16B |
| 2025 Q3 | 11.27B | -4.42B | 6.85B | -2.86B | 4.23B |
| 2025 Q4 | 9.11B | -4.75B | 4.37B | -2.91B | 11.04B |
| 2026 Q1 | 7.98B | -4.20B | 3.78B | -2.91B | -10.98B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 182.77B | 349.23B | — | — | — |
| 2025 Q3 | 185.82B | 348.57B | — | — | — |
| 2025 Q4 | 172.29B | 353.83B | — | — | — |
| 2026 Q1 | 211.09B | 398.60B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |