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Verizon VZ

US equityMarket cap rank #77Telecom Services5G
$47.48
+$0.96 (+2.06%)
Market open · Sep 24, 2:00 pm ET
After hours $46.61 +0.20%
Open$46.92
Prev close$46.52
Day range$46.92 – $47.77
Volume10.53M
Market cap$197.27B
P/E (TTM)12.4
Dividend yield5.89%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$34.25B-0.7% YoY
Operating profit$7.18B-12.2% YoY
Net profit$3.95B-22.9% YoY
Diluted EPS$0.92-22.0% YoY
Free cash flow$5.35B+5.9% YoY
Operating cash flow$10.44B

Revenue, last 8 quarters

$33.3BSep '24$35.7BDec '24$33.5BMar '25$34.5BJun '25$33.8BSep '25$36.4BDec '25$34.4BMar '26$34.3BJun '26

Net profit, last 8 quarters

$3.4BSep '24$5.1BDec '24$5.0BMar '25$5.1BJun '25$5.1BSep '25$2.4BDec '25$5.1BMar '26$3.9BJun '26

Diluted EPS by quarter

0.78Sep '241.18Dec '241.15Mar '251.18Jun '251.17Sep '250.55Dec '251.20Mar '260.92Jun '26

Free cash flow by quarter

$5.8BSep '24$5.2BDec '24$3.5BMar '25$5.1BJun '25$6.9BSep '25$4.3BDec '25$3.7BMar '26$5.4BJun '26

Annual revenue

$128.3BFY20$133.6BFY21$136.8BFY22$134.0BFY23$134.8BFY24$138.2BFY25

Profitability & balance sheet

Gross margin59.3%
Operating margin20.5%
Net margin11.6%
Return on equity15.6%
Return on assets4.1%
Return on invested capital7.6%
Current ratio0.60
Liabilities / assets74.4%
Cash & investments$1.75B
Total debt$183.62B
Net cash (debt)-$181.87B
Free cash flow / sales14.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Consumer$26.24B 76.4%
  • Business$7.16B 20.8%
  • Corporate and Other$936.00M 2.7%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $34.25B $34.44B $138.19B $36.38B $33.82B
Total Operating Revenue $34.25B $34.44B $138.19B $36.38B $33.82B
Cost of Revenue $13.08B $13.67B $56.77B $16.48B $13.35B
Gross Profit $21.17B $20.77B $81.43B $19.90B $20.48B
Operating Expense $13.99B $12.53B $52.17B $14.90B $12.37B
Selling and Admin Expenses $8.98B $7.63B $33.82B $10.38B $7.75B
Depreciation & Amortization & Depletion $5.01B $4.89B $18.35B $4.52B $4.62B
-Depreciation & Amortization $5.01B $4.89B $18.35B $4.52B $4.62B
Operating Profit $7.18B $8.24B $29.26B $5.00B $8.11B
Net Non-Operating Interest Income (Expense) -$1.91B -$1.79B -$6.37B -$1.62B -$1.60B
Non-Operating Interest Income $72.00M $147.00M $329.00M $143.00M $68.00M
Non-Operating Interest Expense $1.99B $1.94B $6.69B $1.76B $1.66B
Other Income (Expense) $8.00M $335.00M -$222.00M -$325.00M $18.00M
Earnings from Equity Interest $44.00M $5.00M $0.00 $3.00M -$6.00M
Special Income (Charges) $152.00M $95.00M $368.00M $96.00M $94.00M
-Less:Other Special Charges -$152.00M -$95.00M -$368.00M -$96.00M -$94.00M
Other Non-Operating Income (Expenses) -$188.00M $235.00M -$590.00M -$424.00M -$70.00M
Pretax Profit $5.27B $6.78B $22.67B $3.06B $6.53B
Tax $1.33B $1.64B $5.06B $615.00M $1.47B
Net Profit $3.95B $5.15B $17.61B $2.45B $5.06B
Profit from Continuing Operations $3.95B $5.15B $17.61B $2.45B $5.06B
Minority Interests $114.00M $101.00M $434.00M $106.00M $106.00M
Net Income to Parent Company $3.84B $5.05B $17.17B $2.34B $4.95B
Net Income to Common Stockholders $3.84B $5.05B $17.17B $2.34B $4.95B
Basic EPS $0.92 $1.20 $4.06 $0.55 $1.17
Diluted EPS $0.92 $1.20 $4.06 $0.55 $1.17
Dividend Per Share $0.71 $0.71 $2.74 $0.69 $0.69
-Less:Impairment of Capital Assets – – $0.00 – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $410.19B $417.88B $404.26B $404.26B $388.33B
Total Current Assets $37.57B $44.72B $56.92B $56.92B $44.01B
Cash and Cash Equivalents & Short-Term Investments $1.75B $8.37B $19.05B $19.05B $7.71B
-Cash and Cash Equivalents $1.75B $8.37B $19.05B $19.05B $7.71B
Receivables $26.49B $26.66B $27.10B $27.10B $25.92B
-Accounts Receivable $26.49B $26.66B $27.10B $27.10B $25.92B
Inventory $2.04B $2.32B $2.44B $2.44B $2.70B
Other Current Assets $7.30B $7.38B $1.81B $1.81B $7.68B
Total Non-Current Assets $372.62B $373.16B $347.34B $347.34B $344.32B
Net PPE $148.66B $149.37B $132.97B $132.97B $132.23B
-Gross PPE $380.24B $381.05B $361.49B $361.49B $358.53B
-Accumulated Depreciation -$231.59B -$231.68B -$228.52B -$228.52B -$226.30B
Investments and Advances $783.00M $730.00M $785.00M $785.00M $799.00M
-Long Term Equity Investment $783.00M $730.00M $785.00M $785.00M $799.00M
Goodwill and Other Intangible Assets $201.14B $200.51B $190.34B $190.34B $190.28B
-Goodwill $30.66B $30.63B $22.84B $22.84B $22.84B
-Other Intangible Assets $170.48B $169.88B $167.50B $167.50B $167.44B
Other Non-Current Assets $22.04B $22.55B $23.25B $23.25B $21.01B
Total Liabilities $304.99B $313.26B $298.52B $298.52B $281.99B
Total Current Liabilities $62.21B $69.88B $62.37B $62.37B $59.56B
Short-Term Debt and Capital Lease Obligation $26.62B $32.95B $23.16B $23.16B $24.65B
-Current Debt $21.78B $28.23B $18.62B $18.62B $20.15B
-Current Capital Lease Obligation $4.84B $4.72B $4.54B $4.54B $4.50B
Other Current Liabilities $15.17B $15.00B $3.72B $3.72B $14.22B
Total Non-Current Liabilities $242.78B $243.38B $236.15B $236.15B $222.42B
Long Term Debt and Capital Lease Obligation $161.84B $162.92B $158.48B $158.48B $145.81B
-Long Term Debt $143.45B $144.23B $139.53B $139.53B $126.63B
-Long Term Capital Lease Obligation $18.39B $18.69B $18.95B $18.95B $19.18B
Non-Current Deferred Liabilities $50.23B $49.31B $48.72B $48.72B $48.23B
Employee Benefits $11.76B $12.02B $11.10B $11.10B $11.07B
Other Non-Current Liabilities $18.95B $19.12B $17.85B $17.85B $17.32B
Total Equity $105.20B $104.62B $105.74B $105.74B $106.35B
Stockholders' Equity $103.92B $103.31B $104.46B $104.46B $105.04B
Capital Stock $429.00M $429.00M $429.00M $429.00M $429.00M
-Common Stock $429.00M $429.00M $429.00M $429.00M $429.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $13.26B $13.26B $13.37B $13.37B $13.41B
Retained Earnings $97.73B $96.82B $94.74B $94.74B $95.32B
Less: Treasury Stock $6.31B $5.34B $3.26B $3.26B $3.29B
Gains/Losses Not Affecting Retained Earnings -$1.78B -$2.37B -$1.73B -$1.73B -$1.65B
Other Equity Interests $601.00M $500.00M $897.00M $897.00M $827.00M
Minority Interests $1.28B $1.31B $1.28B $1.28B $1.30B
Prepaid Assets – – $1.84B $1.84B –
Restricted Cash – – $297.00M $297.00M –
Current Deferred Assets – – $3.32B $3.32B –
Payables – – $16.95B $16.95B –
-Accounts Payable – – $12.15B $12.15B –
-Total Tax Payable – – $1.86B $1.86B –
-Dividends Payable – – $2.94B $2.94B –
Current Accrued Expenses – – $10.97B $10.97B –
Current Deferred Liabilities – – $7.58B $7.58B –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $10.44B $7.98B $37.14B $9.11B $11.27B
Net cash flow from continuing operations $10.44B $7.98B $37.14B $9.11B $11.27B
Net Income from Continuing Operations $3.95B $5.15B $17.61B $2.45B $5.06B
Depreciation & Depletion & Amortization $5.01B $4.89B $18.35B $4.52B $4.62B
Deferred Tax $730.00M $703.00M $2.34B $531.00M $1.71B
Other Non-Cash Items $508.00M -$142.00M -$2.26B -$1.44B $11.00M
Change in Working Capital -$336.00M -$3.08B -$2.32B $1.73B -$736.00M
Net cash flow from investing -$4.93B -$13.57B -$16.66B -$4.98B -$4.49B
Net Cash Flow from Continuing Investing Activities -$4.93B -$13.57B -$16.66B -$4.98B -$4.49B
Capital Expenditure -$4.01B -$4.20B -$17.01B -$4.75B -$4.31B
Net Intangibles Purchase and Sale -$1.07B -$83.00M -$450.00M -$110.00M -$106.00M
Net Business Purchase and Sale $0.00 -$9.48B $0.00 – –
Net Other Investing Changes $154.00M $191.00M $801.00M -$122.00M -$74.00M
Financing Cash Flow -$11.84B -$5.28B -$5.61B $7.21B -$2.55B
Net Cash Flow from Continuing Financing Activities -$11.84B -$5.28B -$5.61B $7.21B -$2.55B
Net Issuance Payments Of Debt -$7.41B $1.04B $7.82B $10.49B $730.00M
Net Common Stock Issuance -$1.00B -$2.50B – – –
Cash Dividends Paid -$2.95B -$2.91B -$11.48B -$2.91B -$2.86B
Net Other Financing Charges -$469.00M -$911.00M -$1.95B -$370.00M -$424.00M
Ending Cash Balance $2.30B $8.63B $19.50B $19.50B $8.16B
Net Change in Cash -$6.33B -$10.87B $14.86B $11.34B $4.23B
Beginning Cash Balance $8.63B $19.50B $4.64B $8.16B $3.93B
Free Cash Flow $5.35B $3.70B $19.68B $4.26B $6.85B
Gain/Loss from Continuing Operations – -$114.00M $1.07B $582.00M $125.00M
-Change in Receivables – – -$2.51B – –
-Change in Inventory – – -$232.00M – –
-Change in Prepaid Assets – – -$1.39B – –
-Change in Payables and Accrued Expense – – $1.82B – –
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