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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 one of the world's leading providers of communications, technology, information and streaming products and services to consumers, businesses and government entities. The company operates through two primary reportable segments: Verizon Consumer Group and Verizon Business… From the company’s description.

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 one of the world's leading providers of communications, technology, information and streaming products and services to consumers, businesses and government entities. The company operates through two primary reportable segments: Verizon Consumer Group and Verizon Business Group. The Consumer segment generated approximately 77 percent of consolidated revenues in 2025 and provides wireless and wireline communications services across an extensive network covering 31 U.S. states and Washington D.C. The Business segment contributed approximately 21 percent of revenues and serves enterprises, public sector customers and carriers globally with mobility services, broadband, IoT connectivity solutions, and managed network services.

As of December 31, 2025, Verizon operated an award-winning national wireless network serving approximately 147 million wireless retail connections and an extensive broadband network covering approximately 14 million connections. The Consumer segment maintained approximately 116 million wireless retail connections, including 83 percent postpaid connections, along with 11 million total broadband connections and 2 million Fios video connections. The Business segment served approximately 31 million wireless retail postpaid connections and 3 million broadband connections. The company operates one of the largest global fiber-optic networks, providing connectivity to business customers in more than 180 countries.

Verizon employs approximately 89,900 full-time equivalent employees, with 89 percent based in the United States. The company maintains a comprehensive portfolio of spectrum holdings including C-Band and millimeter wave spectrum, and operates advanced networks leveraging 5G wireless, fiber-based transport, cloud infrastructures, artificial intelligence and automation. Recent strategic acquisitions include Frontier Communications Parent, Inc., completed in January 2026, which expanded the fiber broadband footprint, and Starry Group Holdings, Inc., also completed in January 2026, enhancing fixed wireless broadband capabilities in multi-dwelling units and urban communities.

The company's website is https://www.verizon.com/about/investors. Verizon competes in highly competitive telecommunications markets against national wireless providers, cable companies, satellite providers and emerging technology companies, with competitive advantages rooted in network reliability, extensive infrastructure, brand recognition and integrated service offerings across wireless, broadband and enterprise solutions.

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 4.12%, 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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