Verizon Communications Inc. — VZ
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $40.03 | $168.78B | 8.5 | 8.5 | 2.5% | 2.4% | $2.76 6.9% | 1.6 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $128.3B | $17.8B | $4.30 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $133.6B | $22.1B | $5.32 | 4.1% | 24.0% | 23.7% |
| 2 | 2022-12-31 | $136.8B | $21.3B | $5.06 | 2.4% | -3.7% | -4.9% |
| 3 | 2023-12-31 | $134.0B | $11.6B | $2.76 | -2.1% | -45.4% | -45.5% |
| 4 | 2024-12-31 | $134.8B | $17.5B | $2.76 | 0.6% | 50.7% | 0.0% |
| 5 | TTM 2025-03-31 | $135.3B | $17.8B | $4.20 | 0.4% | 1.6% | 52.2% |
| 6 | Average | 1.1% | 5.4% | 5.1% |
EPS
Forecasts
Y/Y % Change
VZ Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 4.1% | 2.4% | -2.1% | 0.6% | 2.4% | 2.5% | 1.7% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 | |
| EPS Growth (%) | 24.0% | -3.7% | -45.4% | 50.7% | 13.2% | 4.0% | 7.1% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|
| 2021 | $133.6B | $40.1B | $28.7B | $16.2B |
| 2022 | $136.8B | $42.0B | $30.1B | $17.1B |
| 2023 | $134.0B | $37.3B | $32.7B | $17.6B |
| 2024 | $134.8B | $36.2B | $34.1B | $17.9B |
| TTM | $137.0B | $37.5B | $33.6B | $18.2B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|
| 2022 | 2.41 | 4.84 | 5.16 | 5.51 |
| 2023 | -2.09 | -11.35 | 8.66 | 3.07 |
| 2024 | 0.61 | -2.84 | 4.18 | 1.52 |
| TTM | 1.64 | 3.63 | -1.41 | 1.59 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-11-10 08:31 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Wireless Service Rev | Wireless Service OI | Services Rev | Services OI | Service And Other Rev | Service And Other OI | Prod Rev | Prod OI | Enterprise And Public Sector Rev | Enterprise And Public Sector OI | Business Markets And Other Rev | Business Markets And Other OI | Fios Revenues Rev | Fios Revenues OI | Product And Service Other Rev | Product And Service Other OI | Wholesale Rev | Wholesale OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 148.7B | 0.00B | 146.3B | 0.00B | 136.6B | 0.00B | 77.5B | 0.00B | 31.4B | 0.00B | 25.5B | 0.00B | 25.6B | 0.00B | 14B | 0.00B | 5.17B | 0.00B | 610.9B | 0.00B |
| 2023 | 153.5B | 0.00B | 149.7B | 0.00B | 136.1B | 0.00B | 69.3B | 0.00B | 30.2B | 0.00B | 25.4B | 0.00B | 25.7B | 0.00B | 11.8B | 0.00B | 4.63B | 0.00B | 606.2B | 0.00B |
| 2024 | 158.3B | 0.00B | 153.8B | 0.00B | 137.5B | 0.00B | 66B | 0.00B | 28.4B | 0.00B | 26.2B | 0.00B | 25.8B | 0.00B | 12.4B | 0.00B | 4.39B | 0.00B | 612.7B | 0.00B |
| TTM | 161.9B | 0.00B | 157B | 0.00B | 138.3B | 0.00B | 71.5B | 0.00B | 27B | 0.00B | 27B | 0.00B | 25.9B | 0.00B | 12.9B | 0.00B | 3.86B | 0.00B | 625.5B | 0.00B |
| % of Total (TTM) | 25.9% | — | 25.1% | — | 22.1% | — | 11.4% | — | 4.3% | — | 4.3% | — | 4.1% | — | 2.1% | — | 0.6% | — | 100% | — |
SEGMENTS v2025-09-09 · 2025-11-10 08:31 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Verizon Consumer Group Rev | Verizon Consumer Group OI | Verizon Business Group Rev | Verizon Business Group OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|
| 2022 | 103.7B | 28.8B | 31.1B | 2.63B | 134.8B | 31.5B |
| 2023 | 101.8B | 29B | 30.2B | 2.07B | 132B | 31.1B |
| 2024 | 103.1B | 29.5B | 29.6B | 2.06B | 132.7B | 31.5B |
| TTM | 107B | 29.7B | 29B | 2.60B | 136B | 32.3B |
| % of Total (TTM) | 78.7% | — | 21.3% | — | 100% | — |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $383,285M |
| 1 | Cash | $3,435M |
| 2 | Total Liabilities | $278,924M |
| 3 | Total Debt | $169,891M |
| 4 | Total Equity | $103,063M |
| 5 | Debt to Equity Ratio | 1.65 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $41.70 | 4.4% | Nicks Growth: 1% Nick's Expected Margin: 15% FINVIZ Growth: 3% |
Nicks: 7 Finviz: 9 |
Nick's: 1.064 | 1.3 | 9.9 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $4.20 EPS | TTM | $29.80 | -28.5% | $36.64 | -12.1% |
| $4.69 EPS | 2025 | $33.27 | -20.2% | $40.92 | -1.9% |
| $4.88 EPS | 2026 | $34.62 | -17.0% | $42.58 | 2.1% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 4.07% | 3.13% | 4.28% | 3.28% | 0.61% | 0.45% | 2.52% | 2.44% | 6.5% | 15.7% |
| 3 Years | 4.07% | 3.13% | 4.28% | 3.28% | 0.61% | 0.45% | 2.52% | 2.44% | 6.5% | 15.7% |
| 5 Years | 4.07% | 3.13% | 4.28% | 3.28% | 0.61% | 0.45% | 2.52% | 2.44% | 6.5% | 15.7% |
| 10 Years | 4.07% | 3.13% | 4.28% | 3.28% | 0.61% | 0.45% | 2.52% | 2.44% | 6.5% | 15.7% |