VZ

Updated: Mar 12, 2026 11:30 AM

Verizon Communications Inc

Market Cap: $168.57B P/S: 5x Ownership — Insider: 0.0% | Institutional: 69.2% | Retail: 30.8% COMMUNICATION SERVICES TELECOM SERVICES

Verizon Communications Inc. is a premier telecommunications provider headquartered in New York City and is a notable component of the Dow Jones Industrial Average. The company delivers a wide array of services, encompassing wireless and wireline voice, data, and video solutions tailored for both consumer and enterprise customers. As a leader in the deployment of 5G technology, Verizon is strategically positioned to enhance customer connectivity and drive innovation within the sector. Its ongoing investment in digital infrastructure and commitment to a customer-centric approach solidify Verizon’s status as a formidable player in the rapidly evolving telecommunications landscape, ensuring sustained growth and operational excellence.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for VZ (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                    34.21B                    68.42B                    102.63B                   136.84B
               |                         |                         |                         |                         |

  2005-12-31 |  69.52B
  2006-12-31 |  88.18B
  2007-12-31 |  93.47B
  2008-12-31 |  97.35B
  2009-12-31 |  107.81B
  2010-12-31 |  106.56B
  2011-12-31 |  110.88B
  2012-12-31 |  115.85B
  2013-12-31 |  120.55B
  2014-12-31 |  127.08B
  2015-12-31 |  131.62B
  2016-12-31 |  125.98B
  2017-12-31 |  126.03B
  2018-12-31 |  130.86B
  2019-12-31 |  131.87B
  2020-12-31 |  128.29B
  2021-12-31 |  133.61B
  2022-12-31 |  136.84B
  2023-12-31 |  133.97B
  2024-12-31 |  134.79B

               |                         |                         |                         |                         |
               0.00B                    34.21B                    68.42B                    102.63B                   136.84B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              10/20 dates (50%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for VZ (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                    19.06B                    38.12B                    57.17B                    76.23B
               |                         |                         |                         |                         |

  2005-12-31 |  37.81B ⊗
  2006-12-31 |  49.51B ⊗
  2007-12-31 |  51.89B ⊗
  2008-12-31 |  53.47B ⊗
  2009-12-31 |  58.84B
  2010-12-31 |  58.31B
  2011-12-31 |  62.37B
  2012-12-31 |  62.70B
  2013-12-31 |  61.49B
  2014-12-31 |  66.46B
  2015-12-31 |  68.57B
  2016-12-31 |  67.35B
  2017-12-31 |  68.51B
  2018-12-31 |  72.61B
  2019-12-31 |  71.41B ⊗
  2020-12-31 |  67.92B ⊗
  2021-12-31 |  72.51B ⊗
  2022-12-31 |  76.23B ⊗
  2023-12-31 |  72.51B ⊗
  2024-12-31 |  71.99B ⊗

               |                         |                         |                         |                         |
               0.00B                    19.06B                    38.12B                    57.17B                    76.23B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for VZ (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                    44.48B                    88.97B                    133.45B                   177.93B
               |                         |                         |                         |                         |

  2005-12-31 |  38.26B
  2006-12-31 |  36.36B
  2007-12-31 |  31.16B
  2008-12-31 |  51.95B
  2009-12-31 |  62.26B
  2010-12-31 |  52.79B
  2011-12-31 |  55.15B
  2012-12-31 |  51.99B
  2013-12-31 |  93.59B
  2014-12-31 |  113.27B
  2015-12-31 |  109.73B
  2016-12-31 |  108.08B
  2017-12-31 |  117.09B
  2018-12-31 |  113.06B
  2019-12-31 |  133.14B
  2020-12-31 |  150.55B
  2021-12-31 |  177.93B
  2022-12-31 |  176.33B
  2023-12-31 |  174.94B
  2024-12-31 |  168.36B

               |                         |                         |                         |                         |
               0.00B                    44.48B                    88.97B                    133.45B                   177.93B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for VZ (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                    10.44B                    20.88B                    31.33B                    41.77B
               |                         |                         |                         |                         |

  2005-12-31 |  22.02B
  2006-12-31 |  24.11B
  2007-12-31 |  26.84B
  2008-12-31 |  27.45B
  2009-12-31 |  31.39B
  2010-12-31 |  33.36B
  2011-12-31 |  29.78B
  2012-12-31 |  31.49B
  2013-12-31 |  38.82B
  2014-12-31 |  30.63B
  2015-12-31 |  39.03B
  2016-12-31 |  21.69B
  2017-12-31 |  24.32B
  2018-12-31 |  34.34B
  2019-12-31 |  35.75B
  2020-12-31 |  41.77B
  2021-12-31 |  39.54B
  2022-12-31 |  37.14B
  2023-12-31 |  37.48B
  2024-12-31 |  36.91B

               |                         |                         |                         |                         |
               0.00B                    10.44B                    20.88B                    31.33B                    41.77B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         20/20 dates (100%)
  ✅ totalLiabilities                    20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for VZ (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    96.18B                    192.36B                   288.53B                   384.71B
               |                         |                         |                         |                         |

  2005-12-31 |  168.13B
  2006-12-31 |  188.80B
  2007-12-31 |  186.96B
  2008-12-31 |  202.35B
  2009-12-31 |  226.91B
  2010-12-31 |  220.00B
  2011-12-31 |  230.46B
  2012-12-31 |  225.22B
  2013-12-31 |  274.10B
  2014-12-31 |  232.62B
  2015-12-31 |  244.18B
  2016-12-31 |  244.18B
  2017-12-31 |  257.14B
  2018-12-31 |  264.83B
  2019-12-31 |  291.73B
  2020-12-31 |  316.48B
  2021-12-31 |  366.60B
  2022-12-31 |  379.68B
  2023-12-31 |  380.25B
  2024-12-31 |  384.71B

               |                         |                         |                         |                         |
               0.00B                    96.18B                    192.36B                   288.53B                   384.71B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for VZ (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                    44.48B                    88.97B                    133.45B                   177.93B
               |                         |                         |                         |                         |

  2005-12-31 |  39.68B
  2006-12-31 |  48.53B
  2007-12-31 |  50.58B
  2008-12-31 |  51.95B
  2009-12-31 |  62.26B
  2010-12-31 |  52.79B
  2011-12-31 |  55.15B
  2012-12-31 |  51.99B
  2013-12-31 |  93.59B
  2014-12-31 |  113.27B
  2015-12-31 |  109.73B
  2016-12-31 |  108.08B
  2017-12-31 |  117.09B
  2018-12-31 |  113.06B
  2019-12-31 |  133.14B
  2020-12-31 |  150.55B
  2021-12-31 |  177.93B
  2022-12-31 |  176.33B
  2023-12-31 |  174.94B
  2024-12-31 |  168.36B

               |                         |                         |                         |                         |
               0.00B                    44.48B                    88.97B                    133.45B                   177.93B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for VZ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -35.68B                   -17.84B                    0.00B                    17.84B                    35.68B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  32.89B
  2019-12-31 |                                                     |  34.77B
  2020-03-31 |                                                     |  31.61B
  2020-06-30 |                                                     |  30.45B
  2020-09-30 |                                                     |  31.54B
  2020-12-31 |                                                     |  34.69B
  2021-03-31 |                                                     |  32.87B
  2021-06-30 |                                                     |  33.76B
  2021-09-30 |                                                     |  32.91B
  2021-12-31 |                                                     |  34.07B
  2022-03-31 |                                                     |  33.55B
  2022-06-30 |                                                     |  33.79B
  2022-09-30 |                                                     |  34.24B
  2022-12-31 |                                                     |  35.25B
  2023-03-31 |                                                     |  32.91B
  2023-06-30 |                                                     |  32.60B
  2023-09-30 |                                                     |  33.34B
  2023-12-31 |                                                 |  35.13B
  2024-03-31 |                                                     |  32.98B
  2024-06-30 |                                                     |  32.80B
  2024-09-30 |                                                     |  33.33B
  2024-12-31 |                                                     | 35.68B
  2025-03-31 |                                                     |  33.48B
  2025-06-30 |                                                     |  34.50B
  2025-09-30 |                                                     |  33.82B

               |                         |                         |                         |                         |
               -35.68B                   -17.84B                    0.00B                    17.84B                    35.68B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/25 dates (0%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for VZ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     5.00B                    10.01B                    15.02B                    20.02B
               |                         |                         |                         |                         |

  2019-09-30 |  17.50B ⊗
  2019-12-31 |  19.74B ⊗
  2020-03-31 |  16.45B ⊗
  2020-06-30 |  15.93B ⊗
  2020-09-30 |  16.53B ⊗
  2020-12-31 |  19.02B ⊗
  2021-03-31 |  17.70B ⊗
  2021-06-30 |  18.27B ⊗
  2021-09-30 |  17.49B ⊗
  2021-12-31 |  19.05B ⊗
  2022-03-31 |  18.59B ⊗
  2022-06-30 |  18.74B ⊗
  2022-09-30 |  18.93B ⊗
  2022-12-31 |  19.98B ⊗
  2023-03-31 |  17.82B ⊗
  2023-06-30 |  17.12B ⊗
  2023-09-30 |  17.87B ⊗
  2023-12-31 |  19.70B ⊗
  2024-03-31 |  17.32B ⊗
  2024-06-30 |  16.95B ⊗
  2024-09-30 |  17.70B ⊗
  2024-12-31 |  20.02B ⊗
  2025-03-31 |  17.63B ⊗
  2025-06-30 |  18.52B ⊗
  2025-09-30 |  17.96B ⊗

               |                         |                         |                         |                         |
               0.00B                     5.00B                    10.01B                    15.02B                    20.02B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for VZ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                    45.04B                    90.08B                    135.12B                   180.16B
               |                         |                         |                         |                         |

  2019-09-30 |  130.77B
  2019-12-31 |  133.14B
  2020-03-31 |  139.18B
  2020-06-30 |  134.27B
  2020-09-30 |  137.21B
  2020-12-31 |  150.55B
  2021-03-31 |  179.80B
  2021-06-30 |  179.16B
  2021-09-30 |  178.09B
  2021-12-31 |  177.93B
  2022-03-31 |  180.16B
  2022-06-30 |  175.57B
  2022-09-30 |  174.04B
  2022-12-31 |  176.33B
  2023-03-31 |  178.33B
  2023-06-30 |  177.65B
  2023-09-30 |  172.07B
  2023-12-31 |  174.94B
  2024-03-31 |  175.63B
  2024-06-30 |  172.98B
  2024-09-30 |  174.20B
  2024-12-31 |  168.36B
  2025-03-31 |  167.71B
  2025-06-30 |  169.89B
  2025-09-30 |  170.45B

               |                         |                         |                         |                         |
               0.00B                    45.04B                    90.08B                    135.12B                   180.16B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for VZ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                    12.32B                    24.64B                    36.96B                    49.28B
               |                         |                         |                         |                         |

  2019-09-30 |  10.91B
  2019-12-31 |  9.00B
  2020-03-31 |  8.82B
  2020-06-30 |  14.73B
  2020-09-30 |  8.92B
  2020-12-31 |  9.30B
  2021-03-31 |  49.28B
  2021-06-30 |  10.74B
  2021-09-30 |  10.72B
  2021-12-31 |  8.38B
  2022-03-31 |  7.66B
  2022-06-30 |  10.84B
  2022-09-30 |  10.53B
  2022-12-31 |  8.94B
  2023-03-31 |  8.29B
  2023-06-30 |  9.73B
  2023-09-30 |  10.78B
  2023-12-31 |  8.68B
  2024-03-31 |  7.08B
  2024-06-30 |  9.48B
  2024-09-30 |  9.91B
  2024-12-31 |  10.43B
  2025-03-31 |  7.78B
  2025-06-30 |  8.97B
  2025-09-30 |  11.27B

               |                         |                         |                         |                         |
               0.00B                    12.32B                    24.64B                    36.96B                    49.28B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for VZ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    97.08B                    194.17B                   291.25B                   388.33B
               |                         |                         |                         |                         |

  2019-09-30 |  284.88B
  2019-12-31 |  291.73B
  2020-03-31 |  294.50B
  2020-06-30 |  293.26B
  2020-09-30 |  296.99B
  2020-12-31 |  316.48B
  2021-03-31 |  345.57B
  2021-06-30 |  349.19B
  2021-09-30 |  353.46B
  2021-12-31 |  366.60B
  2022-03-31 |  365.72B
  2022-06-30 |  370.15B
  2022-09-30 |  375.09B
  2022-12-31 |  379.68B
  2023-03-31 |  377.72B
  2023-06-30 |  379.95B
  2023-09-30 |  384.83B
  2023-12-31 |  380.25B
  2024-03-31 |  380.16B
  2024-06-30 |  379.15B
  2024-09-30 |  381.16B
  2024-12-31 |  384.71B
  2025-03-31 |  380.36B
  2025-06-30 |  383.29B
  2025-09-30 |  388.33B

               |                         |                         |                         |                         |
               0.00B                    97.08B                    194.17B                   291.25B                   388.33B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for VZ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -180.16B                   -90.08B                    0.00B                    90.08B                    180.16B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  130.77B
  2019-12-31 |                                                     |  133.14B
  2020-03-31 |                                                     |  139.18B
  2020-06-30 |                                                     |  134.27B
  2020-09-30 |                                                     |  137.21B
  2020-12-31 |                                                     |  150.55B
  2021-03-31 |                                                     | 179.80B
  2021-06-30 |                                                     | 179.16B
  2021-09-30 |                                                     |  178.09B
  2021-12-31 |                                                     |  177.93B
  2022-03-31 |                                                     | 180.16B
  2022-06-30 |                                                     |  175.57B
  2022-09-30 |                                                     |  174.04B
  2022-12-31 |                                                     |  176.33B
  2023-03-31 |                                                     |  178.33B
  2023-06-30 |                                                     |  177.65B
  2023-09-30 |                                                     |  172.07B
  2023-12-31 |                                                    |  174.94B
  2024-03-31 |                                                     |  175.63B
  2024-06-30 |                                                     |  172.98B
  2024-09-30 |                                                     |  174.20B
  2024-12-31 |                                                     |  168.36B
  2025-03-31 |                                                     |  167.71B
  2025-06-30 |                                                     |  169.89B
  2025-09-30 |                                                     |  170.45B

               |                         |                         |                         |                         |
               -180.16B                   -90.08B                    0.00B                    90.08B                    180.16B

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