Verizon Communications Inc. (NYSE:VZ)

Stock Price: $37.66

+0.29 (0.78%)

Updated Mar 24, 2023 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	158.17B
Revenue	136.84B
Gross Profit	77.70B
Shares Out	4.20B
EPS (ttm)	5.06
PE Ratio	7.4411
Forward PE	8.0154
Dividend Rate (ttm)	2.5265
Dividend Yield	0.0671

Trading Day	Mar 24
Last Price	$37.66
Previous Close	$37.37
Change ($)	0.29
Change (%)	0.78%
Day's Open	37.49
Day's Range	37.25 - 37.7
Day's Volume	14.96M
52 Week Range	32.79 - 53.08

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About Verizon

Verizon is one of the largest communication technology companies in the world. Verizon Communications Inc. was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020.

The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

NYSE:VZ stock is currently trading at $37.66 as of 08:00 PM UTC, Mar 24, 2023. Use the financials tab to find out more about Verizon's key financial metrics and recent earnings reports, or track its share price in real time on the chart tab. If you would like to buy shares in Verizon, our detailed guide explains how to buy Verizon stock.

Quick info

Country

United States

Industry

Telecommunications Resellers

Sector

Information

Employees

117,100

CEO

Hans Vestberg

Address

1095 Avenue of the Americas
New York
New York
10036-6797

Phone

12123951000

Website

www.verizon.com

Ticker Symbol

Exchange

New York Stock Exchange

Reporting Currency

USD

News

Should I buy Verizon Communications shares in January 2023? December 25, 2022

Verizon versus AT&T stock: analyst reveals the better pick for 2023 December 19, 2022

Should I buy Verizon Communications shares after a recent dip? September 28, 2022

Should you buy Verizon stock on the weakness post Q2 report? July 26, 2022

Should I buy Verizon Communications shares after Q2 results? July 24, 2022

Should you buy Verizon as bullish momentum develops? May 25, 2022

Casa receives multi-year purchase contract from Verizon; stock jumps 70% April 19, 2022

Bet on T-Mobile US. The stock gained 97% as competitors returned losses April 4, 2022

Verizon just partnered with Live Nation: but why? March 21, 2022

Should I invest in Verizon Communications after Q4 results? January 25, 2022

Verizon Communications Inc. income statements (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Total Revenue	33.79B	33.79B	33.55B	34.07B
Cost of Revenue	14.42B	14.42B	14.35B	15B
Gross Profit	19.37B	19.37B	19.20B	19.07B
Research & Development	0	0	0	0
Selling General & Admin	7.50B	7.50B	7.17B	7.41B
Operating Expense	26.24B	26.24B	25.76B	26.31B
Operating Income	7.55B	7.55B	7.80B	7.75B
Other Income Expense Net	0	0	0	0
EBIT	7.59B	7.59B	7.79B	7.74B
Interest Income	764M	764M	776M	776M
Pretax Income	6.86B	6.86B	6.08B	6.14B
Income Tax	1.54B	1.54B	1.37B	1.41B
Minority Interest	116M	116M	131M	124M
Net Income	5.20B	5.20B	4.58B	4.61B
Net Income Basic	5.20B	5.20B	4.58B	4.61B

Verizon Communications Inc. income statements (2021) (USD)

	October 2021	July 2021	April 2021	February 2021
Total Revenue	32.92B	33.76B	32.87B	34.69B
Cost of Revenue	13.53B	14.26B	13.52B	14.82B
Gross Profit	19.39B	19.51B	19.35B	19.87B
Research & Development	0	0	0	0
Selling General & Admin	6.52B	7.32B	7.40B	8.49B
Operating Expense	24.01B	25.60B	25.10B	27.52B
Operating Income	8.91B	8.17B	7.77B	7.17B
Other Income Expense Net	0	0	0	0
EBIT	8.91B	8.17B	7.78B	7.17B
Interest Income	790M	833M	1.09B	1.08B
Pretax Income	8.37B	7.82B	7.08B	6.25B
Income Tax	1.82B	1.88B	1.70B	1.54B
Minority Interest	147M	149M	133M	130M
Net Income	6.41B	5.80B	5.25B	4.59B
Net Income Basic	6.41B	5.80B	5.25B	4.59B

Verizon Communications Inc. income statements (2020) (USD)

	October 2020	September 2020	June 2020	March 2020
Total Revenue	31.54B	31.54B	30.45B	31.61B
Cost of Revenue	12.33B	16.53B	15.93B	16.45B
Gross Profit	19.21B	15.02B	14.52B	15.16B
Research & Development	0	N.A	N.A	N.A
Selling General & Admin	7.34B	N.A	N.A	N.A
Operating Expense	23.87B	23.87B	23.09B	23.84B
Operating Income	7.67B	7.68B	7.36B	7.77B
Other Income Expense Net	0	-1.83B	-1.17B	-2.1B
EBIT	7.67B	7.68B	7.36B	7.77B
Interest Income	1.04B	1.04B	1.12B	1.03B
Pretax Income	5.85B	5.85B	6.19B	5.68B
Income Tax	1.35B	1.35B	1.35B	1.39B
Minority Interest	147M	147M	139M	131M
Net Income	4.36B	4.36B	4.70B	4.16B
Net Income Basic	4.36B	4.36B	4.70B	4.16B

Verizon Communications Inc. income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	34.78B	32.89B	32.07B	32.13B
Cost of Revenue	19.74B	17.50B	16.95B	17.22B
Gross Profit	15.04B	15.40B	15.12B	14.91B
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	27.75B	24.98B	24.22B	24.42B
Operating Income	7.03B	7.92B	7.85B	7.71B
Other Income Expense Net	-3.32B	-1B	-2.54B	-0.92B
EBIT	7.03B	7.92B	7.85B	7.71B
Interest Income	1.16B	1.15B	1.22B	1.21B
Pretax Income	3.71B	6.92B	5.31B	6.79B
Income Tax	-1.51B	1.59B	1.24B	1.63B
Minority Interest	122M	143M	130M	128M
Net Income	5.10B	5.19B	3.94B	5.03B
Net Income Basic	5.10B	5.19B	3.94B	5.03B

Verizon Communications Inc. income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	34.28B	32.61B	32.20B	31.77B
Cost of Revenue	19.64B	17.71B	17.68B	17.98B
Gross Profit	14.64B	14.90B	14.53B	13.79B
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	27.05B	24.80B	24.33B	24.32B
Operating Income	7.23B	7.81B	7.87B	7.45B
Other Income Expense Net	-5.87B	-1.13B	-2.34B	-1.4B
EBIT	7.23B	7.81B	7.87B	7.45B
Interest Income	1.20B	1.21B	1.22B	1.20B
Pretax Income	1.37B	6.68B	5.53B	6.05B
Income Tax	-698M	1.61B	1.28B	1.39B
Minority Interest	126M	138M	126M	121M
Net Income	1.94B	4.92B	4.12B	4.55B
Net Income Basic	1.94B	4.92B	4.12B	4.55B

Verizon Communications Inc. income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	33.96B	31.72B	30.55B
Cost of Revenue	19.63B	16.88B	16.28B
Gross Profit	14.32B	14.84B	14.27B
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	28.79B	24.36B	23.60B
Operating Income	5.16B	7.35B	6.95B
Other Income Expense Net	-2.23B	-1.84B	17M
EBIT	5.16B	7.35B	6.95B
Interest Income	1.22B	1.16B	1.22B
Pretax Income	2.93B	5.51B	6.97B
Income Tax	-15.85B	1.78B	2.49B
Minority Interest	114M	116M	116M
Net Income	18.67B	3.62B	4.36B
Net Income Basic	18.67B	3.62B	4.36B

Verizon Communications Inc. balance sheet (2022) (USD)

	July 2022
Current Cash	1.86B
Receivables	23.91B
Inventory	3.65B
Current Assets	37.50B
Other Current Assets	8.09B
Short Term Investments	8.09B
Long Term Investments	332.65B
Property/Plant Equipment	101.31B
Good Will	N.A
Intangible Assets	160.01B
Tangible Assets (Net)	-102.63B
Other Assets	14.48B
Total Assets	370.15B
Accounts Payable	0
Other Current Liabilities	36.35B
Total Current Liabilities	49.22B
Total Liabilities	284.13B
Long Term Debt	136.18B
Current Long Term Debt	12.87B
Minority Interest	1.34B
Common Stock	4.20B
Treasury Stock	-4.02B
Retained Earnings	76.40B
Capital Surplus	N.A
Shareholder Equity	86.02B
Other Liabilities	N.A

Verizon Communications Inc. balance sheet (2020) (USD)

	October 2020	September 2020	June 2020	March 2020
Current Cash	8.98B	10.06B	8.98B	8.20B
Receivables	22.62B	23.35B	22.67B	23.80B
Inventory	1.46B	1.46B	1.29B	1.63B
Current Assets	38.57B	36.14B	34.88B	36.35B
Other Current Assets	5.52B	1.28B	1.17B	1.58B
Short Term Investments	5.52B	N.A	N.A	N.A
Long Term Investments	258.42B	3.29B	3.14B	3.02B
Property/Plant Equipment	93.18B	115.86B	115.19B	114.65B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	105.56B	105.56B	105.37B	101.84B
Tangible Assets (Net)	-65.29B	-108.77B	-110.06B	-107.86B
Other Assets	11.67B	11.15B	9.79B	13.13B
Total Assets	296.99B	296.99B	293.26B	294.50B
Accounts Payable	0	17.39B	19.30B	17.42B
Other Current Liabilities	30.42B	9.53B	9.67B	9.13B
Total Current Liabilities	36.19B	36.19B	38.89B	41.06B
Total Liabilities	231.93B	230.46B	229.15B	232.85B
Long Term Debt	109.79B	127.95B	124.35B	124.68B
Current Long Term Debt	5.77B	5.77B	6.65B	11.18B
Minority Interest	1.46B	147M	139M	131M
Common Stock	13.83B	4.14B	4.14B	4.14B
Treasury Stock	-6.72B	6.72B	6.72B	6.73B
Retained Earnings	58.47B	58.47B	56.75B	54.56B
Capital Surplus	N.A	13.40B	13.28B	13.30B
Shareholder Equity	65.07B	65.07B	62.70B	60.21B
Other Liabilities	N.A	N.A	N.A	N.A

Verizon Communications Inc. balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	3.82B	4.10B	3B	3.41B
Receivables	25.43B	24.71B	24.93B	24.47B
Inventory	1.42B	1.54B	1.17B	1.42B
Current Assets	34.90B	32.44B	30.96B	31.17B
Other Current Assets	3.38B	1.27B	1.05B	1.10B
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	1.89B	2.11B	1.91B	1.55B
Property/Plant Equipment	114.61B	111.07B	110.29B	110.95B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	104.56B	103.70B	103.81B	103.85B
Tangible Assets (Net)	-108.84B	-110.24B	-112.3B	-112.56B
Other Assets	11.09B	10.71B	11.28B	11.55B
Total Assets	291.73B	284.88B	283.11B	283.95B
Accounts Payable	21.81B	19.57B	17.63B	18.66B
Other Current Liabilities	9.02B	8.85B	8.65B	8.33B
Total Current Liabilities	44.87B	39.21B	38.21B	38.61B
Total Liabilities	228.89B	224.56B	225.16B	226.49B
Long Term Debt	119.11B	119.98B	122.85B	124.02B
Current Long Term Debt	10.78B	7.83B	8.77B	8.61B
Minority Interest	122M	143M	130M	128M
Common Stock	4.14B	4.14B	4.14B	4.14B
Treasury Stock	6.82B	6.82B	6.82B	6.83B
Retained Earnings	53.15B	50.60B	47.95B	46.49B
Capital Surplus	13.42B	13.42B	13.42B	13.42B
Shareholder Equity	61.40B	58.92B	56.58B	55.86B
Other Liabilities	N.A	N.A	N.A	N.A

Verizon Communications Inc. balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	3.79B	3.45B	2.60B	2.81B
Receivables	25.10B	24.01B	23.10B	22.60B
Inventory	1.34B	1.27B	1.10B	1.29B
Current Assets	32.55B	31.32B	29.21B	29.50B
Other Current Assets	1.57B	1.83B	1.63B	2.81B
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	1.20B	1.27B	1.35B	1.44B
Property/Plant Equipment	89.29B	87.46B	87.78B	87.92B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	103.91B	103.74B	103.72B	103.69B
Tangible Assets (Net)	-114.76B	-122.92B	-124.88B	-125.54B
Other Assets	13.02B	12.33B	7.16B	12.72B
Total Assets	264.83B	265.56B	263.30B	264.52B
Accounts Payable	7.23B	19.34B	18.56B	17.05B
Other Current Liabilities	22.03B	8.32B	8.30B	8.24B
Total Current Liabilities	37.93B	34.17B	32.33B	31.62B
Total Liabilities	210.12B	209.48B	209.73B	212.17B
Long Term Debt	105.87B	106.44B	109.17B	112.73B
Current Long Term Debt	7.04B	6.50B	5.47B	6.32B
Minority Interest	126M	138M	126M	121M
Common Stock	4.13B	4.13B	4.13B	4.13B
Treasury Stock	6.99B	6.99B	6.99B	6.99B
Retained Earnings	43.54B	44.09B	41.66B	39.97B
Capital Surplus	13.44B	13.44B	13.44B	13.44B
Shareholder Equity	53.15B	54.50B	52.02B	50.78B
Other Liabilities	N.A	N.A	N.A	N.A

Verizon Communications Inc. balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	2.08B	4.49B	4.58B
Receivables	23.49B	21.55B	19.77B
Inventory	1.03B	1.28B	1.12B
Current Assets	29.91B	30.87B	28.82B
Other Current Assets	3.31B	3.06B	2.25B
Short Term Investments	N.A	N.A	N.A
Long Term Investments	1.48B	1.51B	1.50B
Property/Plant Equipment	88.57B	86.62B	86.52B
Good Will	N.A	N.A	N.A
Intangible Assets	98.66B	98.88B	99.15B
Tangible Assets (Net)	13.92B	-142.74B	-143.73B
Other Assets	4.31B	3.95B	3.87B
Total Assets	257.14B	254.68B	252.98B
Accounts Payable	7.06B	18.43B	17.83B
Other Current Liabilities	21.04B	8.32B	8.78B
Total Current Liabilities	33.04B	28.93B	27.76B
Total Liabilities	212.46B	226.23B	226.22B
Long Term Debt	113.64B	115.32B	116.39B
Current Long Term Debt	3.30B	2.18B	1.15B
Minority Interest	114M	116M	116M
Common Stock	4.08B	4.08B	4.08B
Treasury Stock	7.14B	7.14B	7.14B
Retained Earnings	35.64B	19.37B	18.16B
Capital Surplus	11.10B	11.10B	11.10B
Shareholder Equity	43.10B	26.85B	25.19B
Other Liabilities	N.A	N.A	N.A

Verizon Communications Inc. cash flow (2023) (USD)

	February 2023
Net Income	6.58B
Depreciation	4.22B
Changes in Receivables	24.51B
Changes in Inventories	2.39B
Cash Change	2.61B
Cash Flow	8.94B
Capital Expenditures	-8.04B
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-5.34B
Dividends Paid	N.A
Net Borrowings	141.02B
Other Financing Cash Flows	N.A
Cash Flow Financing	-3.08B
Exchange Rate Effect	N.A

Verizon Communications Inc. cash flow (2022) (USD)

	October 2022	July 2022
Net Income	4.90B	5.20B
Depreciation	4.32B	4.32B
Changes in Receivables	23.67B	23.91B
Changes in Inventories	3.13B	3.65B
Cash Change	2.08B	1.86B
Cash Flow	10.53B	10.84B
Capital Expenditures	-5.94B	-5.11B
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-8.66B	-6.66B
Dividends Paid	N.A	N.A
Net Borrowings	134.96B	139.11B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	-1.62B	-4.08B
Exchange Rate Effect	N.A	N.A

Verizon Communications Inc. cash flow (2020) (USD)

	October 2020	September 2020	June 2020	March 2020
Net Income	4.36B	4.36B	4.70B	4.16B
Depreciation	12.52B	4.19B	4.18B	4.15B
Changes in Receivables	-55M	84M	1.13B	1.63B
Changes in Inventories	168M	N.A	N.A	N.A
Cash Change	1.10B	1.07B	789M	4.41B
Cash Flow	32.47B	8.92B	14.73B	8.82B
Capital Expenditures	-16.16B	-4.5B	-6.17B	-5.48B
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	-1.73B	1.42B	-1.5B
Total Investing Cash Flows	-18.47B	-6.35B	-5.14B	-6.98B
Dividends Paid	N.A	-2.55B	-2.54B	-2.55B
Net Borrowings	101.06B	2.24B	-5.76B	4.76B
Other Financing Cash Flows	N.A	-1.2B	-493M	347M
Cash Flow Financing	-7.74B	-1.51B	-8.8B	2.56B
Exchange Rate Effect	N.A	N.A	N.A	N.A

Verizon Communications Inc. cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	5.10B	5.19B	3.94B	5.03B
Depreciation	4.11B	4.11B	4.23B	4.23B
Changes in Receivables	-716M	213M	-457M	633M
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-289M	1.09B	-417M	-379M
Cash Flow	9B	10.91B	8.76B	7.08B
Capital Expenditures	-6.21B	-4.47B	-3.79B	-4.37B
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	395M	11M	-406M
Total Investing Cash Flows	-5.42B	-3.57B	-3.79B	-4.8B
Dividends Paid	-2.54B	-2.49B	-2.49B	-2.49B
Net Borrowings	186M	-3.19B	-1.7B	-528M
Other Financing Cash Flows	-1.51B	-576M	-1.19B	360M
Cash Flow Financing	-3.86B	-6.26B	-5.39B	-2.66B
Exchange Rate Effect	N.A	N.A	N.A	N.A

Verizon Communications Inc. cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	1.94B	4.92B	4.12B	4.55B
Depreciation	4.35B	4.38B	4.35B	4.32B
Changes in Receivables	-1.09B	-0.91B	-504M	898M
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	341M	847M	-207M	47M
Cash Flow	8.10B	9.81B	9.79B	6.65B
Capital Expenditures	-4.75B	-4.34B	-3.47B	-5.52B
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-4.8B	-4.41B	-3.44B	-5.29B
Dividends Paid	-2.49B	-2.44B	-2.44B	-2.41B
Net Borrowings	-238M	-1.07B	-3.85B	1.37B
Other Financing Cash Flows	-229M	-1.05B	-261M	-281M
Cash Flow Financing	-2.96B	-4.56B	-6.55B	-1.32B
Exchange Rate Effect	N.A	N.A	N.A	N.A

Verizon Communications Inc. cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	18.67B	3.62B	4.36B
Depreciation	4.46B	4.27B	4.17B
Changes in Receivables	-1.94B	-1.78B	-2.91B
Changes in Inventories	N.A	N.A	N.A
Cash Change	-2.41B	-96M	276M
Cash Flow	8.08B	7.30B	8.24B
Capital Expenditures	-6.08B	-4.43B	-4.06B
Investments	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-5.67B	-3.82B	-5.05B
Dividends Paid	-2.41B	-2.36B	-2.36B
Net Borrowings	-586M	-265M	-252M
Other Financing Cash Flows	-1.83B	-0.96B	-303M
Cash Flow Financing	-4.82B	-3.58B	-2.91B
Exchange Rate Effect	N.A	N.A	N.A

Verizon Communications Inc. dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
09-01-2023	01-02-2023	10-01-2023	N.A	0.65	Ordinary Shares	Quarterly
07-07-2022	01-08-2022	08-07-2022	N.A	0.64	Ordinary Shares	Quarterly
08-10-2020	02-11-2020	09-10-2020	N.A	0.63	Ordinary Shares	Quarterly
09-07-2020	03-08-2020	10-07-2020	N.A	0.62	Ordinary Shares	Quarterly
09-04-2020	01-05-2020	13-04-2020	N.A	0.62	Ordinary Shares	Quarterly
09-01-2020	03-02-2020	10-01-2020	N.A	0.62	Ordinary Shares	Quarterly
09-10-2019	01-11-2019	10-10-2019	N.A	0.62	Ordinary Shares	Quarterly
09-07-2019	01-08-2019	10-07-2019	N.A	0.60	Ordinary Shares	Quarterly
09-04-2019	01-05-2019	10-04-2019	N.A	0.60	Ordinary Shares	Quarterly
09-01-2019	01-02-2019	10-01-2019	N.A	0.60	Ordinary Shares	Quarterly
09-10-2018	01-11-2018	10-10-2018	N.A	0.60	Ordinary Shares	Quarterly
09-07-2018	01-08-2018	10-07-2018	N.A	0.59	Ordinary Shares	Quarterly
09-04-2018	01-05-2018	10-04-2018	N.A	0.59	Ordinary Shares	Quarterly
09-01-2018	01-02-2018	10-01-2018	N.A	0.59	Ordinary Shares	Quarterly
06-10-2017	01-11-2017	10-10-2017	N.A	0.59	Ordinary Shares	Quarterly
06-07-2017	01-08-2017	10-07-2017	N.A	0.58	Ordinary Shares	Quarterly
06-04-2017	01-05-2017	10-04-2017	N.A	0.58	Ordinary Shares	Quarterly
06-01-2017	01-02-2017	10-01-2017	N.A	0.58	Ordinary Shares	Quarterly
05-10-2016	01-11-2016	07-10-2016	N.A	0.58	Ordinary Shares	Quarterly
06-07-2016	01-08-2016	08-07-2016	N.A	0.57	Ordinary Shares	Quarterly
06-04-2016	02-05-2016	08-04-2016	N.A	0.57	Ordinary Shares	Quarterly
06-01-2016	01-02-2016	08-01-2016	N.A	0.57	Ordinary Shares	Quarterly
07-10-2015	02-11-2015	09-10-2015	N.A	0.57	Ordinary Shares	Quarterly
08-07-2015	03-08-2015	10-07-2015	N.A	0.55	Ordinary Shares	Quarterly