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VZ

Verizon

Communication ServicesTelecommunicationsS&P 500
Ticker VZNEW YORK, NYFiscal year ends DecemberBook value per share $24.80Diluted shares 4.2B

Verizon Communications Inc. (NYSE: VZ) is a holding company providing wireless and wireline communications, broadband, technology, information and streaming products and services to consumers, businesses and government entities. Its Verizon Consumer Group offers wireless service and equipment, home internet, video and… From the company’s description.

In fiscal 2025, Verizon reported revenue of $138.19B, up 2.5% from fiscal 2024, and net income of $17.61B. Its operating margin was 21.2%, and operations generated $37.14B in cash. Over the twelve months to Jun 30, 2026, revenue was $138.90B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$138.19BFY2025
+2.5% year over year
Last 12 mo $138.90B
21.17%FY2025
−0.1 percentage points
Last 12 mo 20.54%
$17.61BFY2025
−1.9% year over year
Last 12 mo $16.60B
16.44%FY2025
−1.2 percentage points
Last 12 mo 15.56%
Cash & financing
$37.14BFY2025
+0.6% year over year
Last 12 mo $38.80B
$20.13BFY2025
+1.5% year over year
Last 12 mo $21.53B
1.51FY2025
Was 1.45× a year earlier
Last 12 mo 1.59
4.2BFY2025
+0.2% year over year
Last 12 mo 4.2B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Verizon does

In the company’s own words

Verizon Communications Inc. (NYSE: VZ) is a holding company providing wireless and wireline communications, broadband, technology, information and streaming products and services to consumers, businesses and government entities. Its Verizon Consumer Group offers wireless service and equipment, home internet, video and voice services, fixed wireless access, device protection and content offerings; its Verizon Business Group serves enterprises, public-sector organizations, small and medium-sized businesses, and carriers with connectivity, IoT, networking, security and managed services. In 2025, Consumer generated $106.8 billion, about 77% of consolidated revenue, while Business generated $29.1 billion, about 21%. Verizon had approximately 89,900 employees on a full-time equivalent basis as of December 31, 2025. Its services operate over wireless, fiber-optic and copper networks, with Fios among its fiber products and the Verizon family of brands supporting wireless offerings. The January 2026 acquisition of Frontier expanded its fiber broadband footprint to 31 states and Washington, D.C. Its website is https://www.verizon.com.

Company details
Sector
Communication Services
Industry (SIC)
Telecommunications
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
732712
SIC
4813

Financial performance, year by year

Fiscal 2013–2025 · USD
$-13.89B$27.78B$69.45B$111.12B$152.78B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Verizon — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.1K
funds hold it
2 of 35
superinvestors hold it
$47.60B
held by funds, at market
25.7%
of shares held by funds
85
bond issues held by funds

Superinvestors in Verizon · what they did last quarter

Mark HillmanDECREASED -11.9%
Hillman Capital Management
1.8%of 13F portfolio
Tweedy BrowneDECREASED -0.4%
Tweedy, Browne
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Verizon’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.22%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.27%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
3.65%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.31%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.27%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Verizon’s bonds, as funds hold them

Funds report holding 85 issues of Verizon’s debt, $12.16B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.13%, maturing 2027 to 2065.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Verizon and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Verizon's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Verizon's last four quarterly filings that the numbers alone won't show?”
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