Verizon VZ
$45.69 −$0.43 (-0.93%)
Market closed · Nov 7, 9:50 pm ET · Last extended-hours $45.61 -0.17%
Open$45.13
Prev close$46.12
Day range$45.00 – $46.35
Volume24.16M
Market cap$189.37B
P/E (TTM)11.7
Dividend yield6.16%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$34.31B+1.5% YoY
Operating profit$8.65B+6.7% YoY
Net profit$5.32B+5.2% YoY
Diluted EPS$1.25+6.8% YoY
Free cash flow$4.57B-33.3% YoY
Operating cash flow$11.52B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin59.6%
Operating margin20.9%
Net margin11.8%
Return on equity15.6%
Return on assets4.1%
Return on invested capital7.7%
Current ratio0.63
Liabilities / assets74.2%
Cash & investments$4.50B
Total debt$184.20B
Net cash (debt)-$179.70B
Free cash flow / sales12.8%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $34.31B | $34.25B | $34.44B | $138.19B | $36.38B |
| Total Operating Revenue | $34.31B | $34.25B | $34.44B | $138.19B | $36.38B |
| Cost of Revenue | $13.09B | $13.08B | $13.67B | $56.77B | $16.48B |
| Gross Profit | $21.23B | $21.17B | $20.77B | $81.43B | $19.90B |
| Operating Expense | $12.58B | $13.99B | $12.53B | $52.17B | $14.90B |
| Selling and Admin Expenses | $7.48B | $8.98B | $7.63B | $33.82B | $10.38B |
| Depreciation & Amortization & Depletion | $5.10B | $5.01B | $4.89B | $18.35B | $4.52B |
| -Depreciation & Amortization | $5.10B | $5.01B | $4.89B | $18.35B | $4.52B |
| Operating Profit | $8.65B | $7.18B | $8.24B | $29.26B | $5.00B |
| Net Non-Operating Interest Income (Expense) | -$1.89B | -$1.91B | -$1.79B | -$6.37B | -$1.62B |
| Non-Operating Interest Income | $65.00M | $72.00M | $147.00M | $329.00M | $143.00M |
| Non-Operating Interest Expense | $1.95B | $1.99B | $1.94B | $6.69B | $1.76B |
| Other Income (Expense) | $52.00M | $8.00M | $335.00M | -$222.00M | -$325.00M |
| Earnings from Equity Interest | -$3.00M | $44.00M | $5.00M | $0.00 | $3.00M |
| Special Income (Charges) | $138.00M | $152.00M | $95.00M | $368.00M | $96.00M |
| -Less:Other Special Charges | -$138.00M | -$152.00M | -$95.00M | -$368.00M | -$96.00M |
| Other Non-Operating Income (Expenses) | -$83.00M | -$188.00M | $235.00M | -$590.00M | -$424.00M |
| Pretax Profit | $6.82B | $5.27B | $6.78B | $22.67B | $3.06B |
| Tax | $1.50B | $1.33B | $1.64B | $5.06B | $615.00M |
| Net Profit | $5.32B | $3.95B | $5.15B | $17.61B | $2.45B |
| Profit from Continuing Operations | $5.32B | $3.95B | $5.15B | $17.61B | $2.45B |
| Minority Interests | $122.00M | $114.00M | $101.00M | $434.00M | $106.00M |
| Net Income to Parent Company | $5.20B | $3.84B | $5.05B | $17.17B | $2.34B |
| Net Income to Common Stockholders | $5.20B | $3.84B | $5.05B | $17.17B | $2.34B |
| Basic EPS | $1.25 | $0.92 | $1.20 | $4.06 | $0.55 |
| Diluted EPS | $1.25 | $0.92 | $1.20 | $4.06 | $0.55 |
| Dividend Per Share | $0.71 | $0.71 | $0.71 | $2.74 | $0.69 |
| -Less:Impairment of Capital Assets | – | – | – | $0.00 | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $415.52B | $410.19B | $417.88B | $404.26B | $404.26B |
| Total Current Assets | $41.51B | $37.57B | $44.72B | $56.92B | $56.92B |
| Cash and Cash Equivalents & Short-Term Investments | $4.50B | $1.75B | $8.37B | $19.05B | $19.05B |
| -Cash and Cash Equivalents | $4.50B | $1.75B | $8.37B | $19.05B | $19.05B |
| Receivables | $26.37B | $26.49B | $26.66B | $27.10B | $27.10B |
| -Accounts Receivable | $26.37B | $26.49B | $26.66B | $27.10B | $27.10B |
| Inventory | $2.78B | $2.04B | $2.32B | $2.44B | $2.44B |
| Other Current Assets | $7.88B | $7.30B | $7.38B | $1.81B | $1.81B |
| Total Non-Current Assets | $374.01B | $372.62B | $373.16B | $347.34B | $347.34B |
| Net PPE | $147.81B | $148.66B | $149.37B | $132.97B | $132.97B |
| -Gross PPE | $382.11B | $380.24B | $381.05B | $361.49B | $361.49B |
| -Accumulated Depreciation | -$234.29B | -$231.59B | -$231.68B | -$228.52B | -$228.52B |
| Investments and Advances | $796.00M | $783.00M | $730.00M | $785.00M | $785.00M |
| -Long Term Equity Investment | $796.00M | $783.00M | $730.00M | $785.00M | $785.00M |
| Goodwill and Other Intangible Assets | $204.15B | $201.14B | $200.51B | $190.34B | $190.34B |
| -Goodwill | $30.73B | $30.66B | $30.63B | $22.84B | $22.84B |
| -Other Intangible Assets | $173.42B | $170.48B | $169.88B | $167.50B | $167.50B |
| Other Non-Current Assets | $21.25B | $22.04B | $22.55B | $23.25B | $23.25B |
| Total Liabilities | $308.23B | $304.99B | $313.26B | $298.52B | $298.52B |
| Total Current Liabilities | $66.27B | $62.21B | $69.88B | $62.37B | $62.37B |
| Short-Term Debt and Capital Lease Obligation | $28.66B | $26.62B | $32.95B | $23.16B | $23.16B |
| -Current Debt | $23.89B | $21.78B | $28.23B | $18.62B | $18.62B |
| -Current Capital Lease Obligation | $4.77B | $4.84B | $4.72B | $4.54B | $4.54B |
| Other Current Liabilities | $15.59B | $15.17B | $15.00B | $3.72B | $3.72B |
| Total Non-Current Liabilities | $241.96B | $242.78B | $243.38B | $236.15B | $236.15B |
| Long Term Debt and Capital Lease Obligation | $160.31B | $161.84B | $162.92B | $158.48B | $158.48B |
| -Long Term Debt | $142.34B | $143.45B | $144.23B | $139.53B | $139.53B |
| -Long Term Capital Lease Obligation | $17.96B | $18.39B | $18.69B | $18.95B | $18.95B |
| Non-Current Deferred Liabilities | $50.98B | $50.23B | $49.31B | $48.72B | $48.72B |
| Employee Benefits | $11.53B | $11.76B | $12.02B | $11.10B | $11.10B |
| Other Non-Current Liabilities | $19.14B | $18.95B | $19.12B | $17.85B | $17.85B |
| Total Equity | $107.29B | $105.20B | $104.62B | $105.74B | $105.74B |
| Stockholders' Equity | $105.99B | $103.92B | $103.31B | $104.46B | $104.46B |
| 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 | $13.25B | $13.26B | $13.26B | $13.37B | $13.37B |
| Retained Earnings | $100.00B | $97.73B | $96.82B | $94.74B | $94.74B |
| Less: Treasury Stock | $6.80B | $6.31B | $5.34B | $3.26B | $3.26B |
| Gains/Losses Not Affecting Retained Earnings | -$1.62B | -$1.78B | -$2.37B | -$1.73B | -$1.73B |
| Other Equity Interests | $738.00M | $601.00M | $500.00M | $897.00M | $897.00M |
| Minority Interests | $1.31B | $1.28B | $1.31B | $1.28B | $1.28B |
| 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 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $11.52B | $10.44B | $7.98B | $37.14B | $9.11B |
| Net cash flow from continuing operations | $11.52B | $10.44B | $7.98B | $37.14B | $9.11B |
| Net Income from Continuing Operations | $5.32B | $3.95B | $5.15B | $17.61B | $2.45B |
| Depreciation & Depletion & Amortization | $5.10B | $5.01B | $4.89B | $18.35B | $4.52B |
| Deferred Tax | $680.00M | $730.00M | $703.00M | $2.34B | $531.00M |
| Other Non-Cash Items | -$178.00M | $508.00M | -$142.00M | -$2.26B | -$1.44B |
| Change in Working Capital | -$20.00M | -$336.00M | -$3.08B | -$2.32B | $1.73B |
| Net cash flow from investing | -$6.97B | -$4.93B | -$13.57B | -$16.66B | -$4.98B |
| Net Cash Flow from Continuing Investing Activities | -$6.97B | -$4.93B | -$13.57B | -$16.66B | -$4.98B |
| Capital Expenditure | -$3.72B | -$4.01B | -$4.20B | -$17.01B | -$4.75B |
| Net Intangibles Purchase and Sale | -$3.23B | -$1.07B | -$83.00M | -$450.00M | -$110.00M |
| Net Business Purchase and Sale | $0.00 | $0.00 | -$9.48B | $0.00 | $0.00 |
| Net Other Investing Changes | -$26.00M | $154.00M | $191.00M | $801.00M | -$122.00M |
| Financing Cash Flow | -$1.79B | -$11.84B | -$5.28B | -$5.61B | $7.21B |
| Net Cash Flow from Continuing Financing Activities | -$1.79B | -$11.84B | -$5.28B | -$5.61B | $7.21B |
| Net Issuance Payments Of Debt | $2.17B | -$7.41B | $1.04B | $7.82B | $10.49B |
| Net Common Stock Issuance | -$500.00M | -$1.00B | -$2.50B | – | – |
| Cash Dividends Paid | -$2.94B | -$2.95B | -$2.91B | -$11.48B | -$2.91B |
| Net Other Financing Charges | -$513.00M | -$469.00M | -$911.00M | -$1.95B | -$370.00M |
| Ending Cash Balance | $5.06B | $2.30B | $8.63B | $19.50B | $19.50B |
| Net Change in Cash | $2.76B | -$6.33B | -$10.87B | $14.86B | $11.34B |
| Beginning Cash Balance | $2.30B | $8.63B | $19.50B | $4.64B | $8.16B |
| Free Cash Flow | $4.57B | $5.35B | $3.70B | $19.68B | $4.26B |
| Gain/Loss from Continuing Operations | – | – | -$114.00M | $1.07B | $582.00M |
| -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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