VZ
$43.53+1.75%
as of close, Oct 13, 2026
☾ AH $43.53 +1.75%
Verizon Communications Inc.Stock · Communication ServicesS&P 500 0.3%Russell 1000 0.3%Russell 3000 0.2%MSCI World 0.2%US Stock Market 0.2%S&P 500 Equal Weight 0.2%MSCI ACWI 0.2%
VZ financial statements
The full income statement, balance sheet, and cash-flow statement for Verizon Communications Inc. (VZ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 4.21B2024-09 4.21B2024-12 4.21B2025-03 4.22B2025-06 4.22B2025-09 4.22B2025-12 4.22B2026-03 4.18B2026-06 4.15B-1.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 138B+2.5% | 135B+0.6% | 134B-2.1% | 137B+2.4% | 134B+4.1% | |
| Selling, general & administrative | 33.8B-0.9% | 34.1B+4.2% | 32.7B+8.7% | 30.1B+5.2% | 28.7B-9.2% | |
| Amortization of intangibles | 3.00B+7.8% | 2.78B+3.5% | 2.69B+7.2% | 2.51B+20.1% | 2.09B-14.6% | |
| Provision for credit losses | 2.35B+0.5% | 2.34B+5.6% | 2.21B+37.4% | 1.61B+104.2% | 789M-42.8% | |
| Operating income | 29.3B+2.0% | 28.7B+25.4% | 22.9B-24.9% | 30.5B-6.1% | 32.4B+12.7% | |
| Interest expense | 6.69B+0.7% | 6.65B+20.4% | 5.52B+52.9% | 3.61B+3.7% | 3.48B-17.9% | |
| Other non-operating income | 107M-89.2% | 995M+417.9% | -313M-122.8% | 1.37B+340.1% | 312M+157.9% | |
| Equity-method income | 0.00+100.0% | -53.0M+0.0% | -53.0M-220.5% | 44.0M-69.7% | 145M+422.2% | |
| Pre-tax income | 22.7B-1.3% | 23.0B+35.3% | 17.0B-39.9% | 28.3B-3.9% | 29.4B+22.8% | |
| Income tax | 5.06B+0.7% | 5.03B+2.8% | 4.89B-25.0% | 6.52B-4.1% | 6.80B+21.1% | |
| 17.2B-1.9% | 17.5B+50.7% | 11.6B-45.4% | 21.3B-3.7% | 22.1B+24.0% | ||
| Net income to non-controlling interest | 434M-2.0% | 443M-7.9% | 481M-2.2% | 492M-11.0% | 553M+1.1% | |
| $4.06-1.9% | $4.14+50.5% | $2.75-45.7% | $5.06-4.9% | $5.32+23.7% | ||
| EPS (basic) | $4.06-2.2% | $4.15+50.4% | $2.76-45.5% | $5.06-4.9% | $5.32+23.7% | |
| Weighted-avg shares (basic) | 4.23B+0.2% | 4.22B+0.2% | 4.21B+0.2% | 4.20B+1.3% | 4.15B+0.2% | |
| Weighted-avg shares (diluted) | 4.23B+0.2% | 4.22B+0.2% | 4.21B+0.3% | 4.20B+1.3% | 4.15B+0.2% | |
| Dividends per share | $2.73+1.9% | $2.69+1.9% | $2.63+1.9% | $2.58+2.0% | $2.54+2.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 56.9B+40.5% | 40.5B+10.1% | 36.8B-2.8% | 37.9B+3.1% | 36.7B-32.7% | ||
| Cash & equivalents | 19.0B+354.2% | 4.19B+103.1% | 2.06B-20.7% | 2.60B-10.8% | 2.92B-86.8% | |
| Accounts receivable | — | — | — | — | 23.8B-0.3% | |
| Inventory | 2.44B+8.6% | 2.25B+9.2% | 2.06B-13.9% | 2.39B-21.8% | 3.06B+70.1% | |
| Prepaid expenses | 8.34B+4.6% | 7.97B+4.8% | 7.61B-9.0% | 8.36B+21.0% | 6.91B+2.9% | |
| 404B+5.1% | 385B+1.2% | 380B+0.2% | 380B+3.6% | 367B+15.8% | ||
| Property, plant & equipment | 109B+0.9% | 109B+0.2% | 108B+0.8% | 107B+7.8% | 99.7B+5.1% | |
| Operating lease right-of-use | 23.5B-4.0% | 24.5B-1.0% | 24.7B-5.4% | 26.1B-6.3% | 27.9B+23.8% | |
| Goodwill | 22.8B+0.0% | 22.8B-0.0% | 22.8B-20.3% | 28.7B+0.2% | 28.6B+15.5% | |
| Intangible assets | 10.5B-6.0% | 11.1B+0.7% | 11.1B-3.5% | 11.5B-1.8% | 11.7B+24.1% | |
| Other non-current assets | 23.2B+17.6% | 19.8B-0.6% | 19.9B+15.2% | 17.3B+29.5% | 13.3B+22.5% | |
| 62.4B-3.7% | 64.8B+21.7% | 53.2B+6.1% | 50.2B+6.4% | 47.2B+18.9% | ||
| Accounts payable | 12.2B+16.6% | 10.4B+4.0% | 10.0B+14.5% | 8.75B+8.8% | 8.04B+20.6% | |
| Accrued liabilities | 4.53B-10.4% | 5.06B-2.5% | 5.19B-33.7% | 7.82B-14.2% | 9.12B+50.8% | |
| Deferred revenue | 7.58B+1.1% | 7.49B+7.7% | 6.96B+5.7% | 6.58B+8.8% | 6.05B+25.0% | |
| Short-term & current debt | 18.6B-17.7% | 22.6B+74.5% | 13.0B+30.2% | 9.96B+33.9% | 7.44B+26.4% | |
| Current lease liability | 4.54B+2.9% | 4.42B+3.5% | 4.27B+3.2% | 4.13B+7.1% | 3.86B+10.7% | |
| Other current liabilities | 14.2B-0.8% | 14.3B+14.5% | 12.5B+3.6% | 12.1B+9.7% | 11.0B+14.5% | |
| Finance lease liability (current) | 943M+5.5% | 894M+18.7% | 753M+33.3% | 565M+41.3% | 400M+8.7% | |
| Long-term debt | 140B+15.0% | 121B-11.9% | 138B-2.1% | 141B-1.9% | 143B+16.4% | |
| Deferred revenue (non-current) | 2.43B+11.3% | 2.19B+12.3% | 1.95B+17.9% | 1.65B+40.4% | 1.18B | |
| Non-current lease liability | 19.0B-4.9% | 19.9B-0.4% | 20.0B-7.2% | 21.6B-7.1% | 23.2B+28.9% | |
| Operating lease liability (total) | 23.5B-3.5% | 24.3B+0.3% | 24.3B-5.5% | 25.7B-5.1% | 27.1B+26.0% | |
| Finance lease liability (total) | 2.51B+6.9% | 2.35B+12.3% | 2.09B+20.7% | 1.73B+30.7% | 1.32B+3.2% | |
| Finance lease liability | 1.57B+7.8% | 1.46B+8.7% | 1.34B+14.7% | 1.17B+26.2% | 925M+1.0% | |
| Deferred tax liabilities | 48.7B+4.2% | 46.7B+2.1% | 45.8B+5.4% | 43.4B+6.8% | 40.7B+13.9% | |
| Other non-current liabilities | 17.8B-7.7% | 19.3B+16.7% | 16.6B-10.0% | 18.4B+36.1% | 13.5B+12.5% | |
| Total non-current liabilities | 236B+7.7% | 219B-5.9% | 233B-1.6% | 237B+0.3% | 236B+13.8% | |
| 106B+5.1% | 101B+7.2% | 93.8B+1.4% | 92.5B+11.1% | 83.2B+20.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | — | — | — | 429M+0.0% | 429M+0.0% | |
| Additional paid-in capital | 13.4B-0.7% | 13.5B-1.2% | 13.6B+1.6% | 13.4B-3.2% | 13.9B+3.4% | |
| Retained earnings | 94.7B+6.3% | 89.1B+7.5% | 82.9B+0.6% | 82.4B+14.4% | 72.0B+19.1% | |
| Treasury stock | 3.25B-9.2% | 3.58B-6.2% | 3.82B-4.8% | 4.01B-2.2% | 4.10B-38.9% | |
| Accumulated other comprehensive income | -1.73B-87.1% | -923M+33.1% | -1.38B+26.0% | -1.86B-101.2% | -927M-1205.6% | |
| Non-controlling interest | 1.28B-4.3% | 1.34B-2.3% | 1.37B+3.8% | 1.32B-6.5% | 1.41B-1.4% | |
| Total equity incl. non-controlling | 106B+5.1% | 101B+7.2% | 93.8B+1.4% | 92.5B+11.1% | 83.2B+20.1% | |
| Total liabilities & equity | 404B+5.1% | 385B+1.2% | 380B+0.2% | 380B+3.6% | 367B+15.8% | |
| Common shares issued | 4.29B+0.0% | 4.29B+0.0% | 4.29B+0.0% | 4.29B+0.0% | 4.29B+0.0% | |
| Common shares outstanding | 4.29B+0.0% | 4.29B+0.0% | 4.29B+0.0% | 4.29B+0.0% | 4.29B+0.0% | |
| Shares outstanding (cover) | 4.22B+0.2% | 4.21B+0.1% | 4.20B+0.1% | 4.20B+0.0% | 4.20B+1.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 37.1B+0.6% | 36.9B-1.5% | 37.5B+0.9% | 37.1B-6.1% | 39.5B-5.3% | ||
| Depreciation & amortization | 18.3B+2.6% | 17.9B+1.5% | 17.6B+3.1% | 17.1B+5.5% | 16.2B-3.1% | |
| Intangible amortization | 3.00B+7.8% | 2.78B+3.5% | 2.69B+7.2% | 2.51B+20.1% | 2.09B-14.6% | |
| Deferred income taxes | 2.34B+187.1% | 815M-65.9% | 2.39B-19.7% | 2.97B-30.3% | 4.26B+174.6% | |
| Change in receivables | 2.51B-2.0% | 2.56B+16.7% | 2.20B+11.1% | 1.98B+24.2% | 1.59B+942.3% | |
| Change in inventory | 232M+18.4% | 196M+168.3% | -287M+54.2% | -627M-169.3% | 905M+145.3% | |
| Other operating activities | -2.26B-1404.0% | 173M+104.7% | -3.71B+1.8% | -3.78B-3962.4% | -93.0M-103.3% | |
| -16.7B+10.8% | -18.7B+20.3% | -23.4B+18.2% | -28.7B+57.3% | -67.2B-185.6% | ||
| Capital expenditure | 17.0B-0.5% | 17.1B-8.9% | 18.8B-18.7% | 23.1B+13.8% | 20.3B+11.5% | |
| Free cash flow | 20.1B+1.5% | 19.8B+6.0% | 18.7B+33.1% | 14.1B-27.0% | 19.3B-18.3% | |
| Acquisitions | 0.00 | 0.00-100.0% | 30.0M+112.1% | -248M-106.1% | 4.07B+681.7% | |
| Other investing activities | -801M-217.1% | 684M+158.9% | -1.16B-1772.6% | -62.0M+91.1% | -693M-176.7% | |
| -5.61B+67.2% | -17.1B-16.7% | -14.7B-71.8% | -8.53B-203.0% | 8.28B+524.7% | ||
| Long-term debt issued | 27.6B+76.9% | 15.6B+81.4% | 8.60B-51.7% | 17.8B-57.0% | 41.4B+31.4% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 11.5B+2.1% | 11.2B+2.0% | 11.0B+2.0% | 10.8B+3.4% | 10.4B+2.1% | |
| Other financing activities | -1.95B-81.3% | -1.07B+33.6% | -1.62B+21.8% | -2.07B+45.9% | -3.83B-41.8% | |
| Net change in cash | 14.9B+1206.2% | 1.14B+285.3% | -614M-1128.0% | -50.0M+99.7% | -19.3B-198.8% | |
| Interest paid | 5.77B+4.9% | 5.50B+25.6% | 4.38B+32.2% | 3.32B-3.5% | 3.44B-22.3% | |
| Income taxes paid | 3.58B-36.4% | 5.63B+140.4% | 2.34B-14.4% | 2.74B-10.0% | 3.04B+11.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 172B+2.0% | 168B+6.2% | 158B-4.2% | 165B-24.1% | 218B-10.3% | |
| P/E | 10.0×+4.0% | 9.6×+26.8% | 7.6×-11.6% | 8.6×-13.2% | 9.9×-27.6% | |
| P/S | 1.2×-0.5% | 1.2×+5.7% | 1.2×-3.1% | 1.2×-25.3% | 1.6×-13.9% | |
| P/B | 1.6×-2.9% | 1.7×+4.6% | 1.6×-14.2% | 1.9×-28.9% | 2.6×-25.3% | |
| P/FCF | 8.5×+0.5% | 8.5×-12.7% | 9.7×-15.7% | 11.5×+1.9% | 11.3×+9.9% | |
| Earnings yield | 10.0%-3.9% | 10.4%-21.1% | 13.2%+13.1% | 11.7%+15.2% | 10.1%+38.2% | |
| FCF yield | 11.7%-0.5% | 11.8%+14.5% | 10.3%+18.7% | 8.7%-1.8% | 8.8%-9.0% | |
| Dividend yield | 6.7%+0.0% | 6.7%-3.9% | 7.0%+6.5% | 6.6%+34.5% | 4.9%+15.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: VZ’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VZ filings on SEC EDGAR → Not investment advice.