Verizon Communications Inc. — VZ
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $39.01 | $164.48B | 8.3 | 8.1 | 2.3% | 2.1% | $2.76 7.1% | 1.6 |
Latest Headlines
- · Verizon Outage Hits Nearly 180,000 Users
- · Allot Highlights 60%+ Cybersecurity Growth Outlook and Carrier Wins at Needham Growth Conference
- · More Than a Million Verizon Users Experience Outages
- · Can Verizon's Digital Healthcare Initiatives Boost Its Market Shares?
- · VZ vs ASTS: Which Connectivity Stock Should You Invest In Now?
- · Pine Reveals Its 2025 ‘Consumer Friction’ Index
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 | $4.20 | 0.4% | 1.6% | 52.2% |
| 6 | Average | 1.1% | 5.4% | 5.1% |
EPS
Forecasts
Y/Y % Change
VZ Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 4.1% | 2.4% | -2.1% | 0.6% | 2.2% | 2.1% | 1.6% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | 24.0% | -3.7% | -45.4% | 50.7% | 12.7% | 2.8% | 6.9% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 |
Expenses
| Year | Revenue ($) | 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 | $137.5B | $37.5B | $31.7B | $18.3B |
| 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 | 2.01 | 3.48 | -7.14 | 2.48 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2026-01-14 08:32 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Wireless Service Rev | Services Rev | Service And Other Rev | Prod Rev | Enterprise And Public Sector Rev | Business Markets And Other Rev | Fios Revenues Rev | Product And Service Other Rev | Wholesale Rev | Total Rev |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 148.7B | 146.3B | 136.6B | 77.5B | 31.4B | 25.5B | 25.6B | 14B | 5.17B | 610.9B |
| 2023 | 153.5B | 149.7B | 136.1B | 69.3B | 30.2B | 25.4B | 25.7B | 11.8B | 4.63B | 606.2B |
| 2024 | 158.3B | 153.8B | 137.5B | 66B | 28.4B | 26.2B | 25.8B | 12.4B | 4.39B | 612.7B |
| TTM | 643.1B | 623.1B | 549B | 260.2B | 114B | 104B | 103.1B | 39.9B | 17.4B | 2453.9B |
| % of Total (TTM) | 26.2% | 25.4% | 22.4% | 10.6% | 4.6% | 4.2% | 4.2% | 1.6% | 0.7% | 100% |
Segment Performance (Axis 2)
SEGMENTS v2025-09-09 · 2026-01-14 08:32 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 | 410.7B | 119.1B | 118B | 8.73B | 528.7B | 127.8B |
| % of Total (TTM) | 77.7% | — | 22.3% | — | 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 |
|---|---|---|---|---|---|---|
| $39.01 | 4.2% | Nicks Growth: 1% Nick's Expected Margin: 15% FINVIZ Growth: 3% |
Nicks: 7 Finviz: 9 |
Nick's: 1.087 | 1.2 | 8.3 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $4.69 EPS | TTM | $33.98 | -12.9% | $41.14 | 5.5% |
| $4.68 EPS | 2025 | $33.91 | -13.1% | $41.06 | 5.2% |
| $4.81 EPS | 2026 | $34.85 | -10.7% | $42.20 | 8.2% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 3.69% | 2.97% | 4.18% | 3.15% | 0.80% | 0.47% | 2.35% | 2.13% | 2.0% | 2.0% |
| 3 Years | 3.69% | 2.97% | 4.18% | 3.15% | 0.80% | 0.47% | 2.35% | 2.13% | 2.0% | 2.0% |
| 5 Years | 3.69% | 2.97% | 4.18% | 3.15% | 0.80% | 0.47% | 2.35% | 2.13% | 2.0% | 2.0% |
| 10 Years | 3.69% | 2.97% | 4.18% | 3.15% | 0.80% | 0.47% | 2.35% | 2.13% | 2.0% | 2.0% |