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Investment Highlights Market Valuation Price Chart Return vs. Risk About VZ Interactive Breakdown Better Bets vs. VZ Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Verizon Communications (VZ)

Market Price (10/30/2025): $40.24 | Market Cap: $170.1 Bil
Sector: Communication Services | Industry: Integrated Telecommunication Services

Verizon Communications (VZ)

Market Price (10/30/2025): $40.24
Market Cap: $170.1 Bil
Sector: Communication Services
Industry: Integrated Telecommunication Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 6.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 12%		 Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -45%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 96%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%		  Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 38 Bil, FCF LTM is 21 Bil		  
3 Low stock price volatility
Vol 12M is 21%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 6.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 12%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 38 Bil, FCF LTM is 21 Bil
3 Low stock price volatility
Vol 12M is 21%
4 Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -45%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 96%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%

Market Valuation & Key Metrics

VZS&P 500
REVENUE GROWTHPOOR
Rev LTM ($ Bil)137.5
Rev Chg Q1.5%6.4%
Rev Chg LTM2.4%5.4%
Rev Chg 3Y Avg0.5%5.3%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)31.7
CFO LTM ($ Bil)38.5
Net Inc LTM ($ Bil)19.8
Op Mgn LTM23.0%18.7%
CFO/Rev LTM28.0%20.4%
Net Inc Mgn14.4%12.8%
VALUATIONLOW
P/S1.23.2
P/CFO4.415.5
P/FCF8.220.6
P/E8.623.6
STABILITYPOOR
Debt/Equity1.000.21
Cash/Assets0.020.07

VZ Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The -5.7% change in VZ stock from 4/30/2025 to 10/29/2025 was primarily driven by a -15.3% change in the company's P/E Multiple.

430202510292025Change
Stock Price ($)42.6340.21-5.67%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)135292.00137491.001.63%
Net Income Margin (%)13.14%14.43%9.77%
P/E Multiple10.128.57-15.32%
Shares Outstanding (Mil)4222.004228.00-0.14%
Cumulative Contribution-5.67%

LTM = Last Twelve Months as of date shown
The 4.0% change in VZ stock from 10/29/2024 to 10/29/2025 was primarily driven by a 97.7% change in the company's Net Income Margin (%).

1029202410292025Change
Stock Price ($)38.6740.213.98%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)134237.00137491.002.42%
Net Income Margin (%)7.30%14.43%97.71%
P/E Multiple16.668.57-48.55%
Shares Outstanding (Mil)4220.004228.00-0.19%
Cumulative Contribution3.98%

LTM = Last Twelve Months as of date shown
The 30.6% change in VZ stock from 10/30/2022 to 10/29/2025 was primarily driven by a 27.8% change in the company's P/E Multiple.

1030202210292025Change
Stock Price ($)30.7840.2130.62%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)135651.00137491.001.36%
Net Income Margin (%)14.22%14.43%1.45%
P/E Multiple6.708.5727.82%
Shares Outstanding (Mil)4202.004228.00-0.62%
Cumulative Contribution30.62%

LTM = Last Twelve Months as of date shown

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
VZ Return-0%-8%-20%3%13%7%-11%
Peers Return-0%7%-20%-7%43%19%36%
S&P 500 Return16%27%-19%24%23%17%110%

Monthly Win Rates [3]
VZ Win Rate42%42%50%58%58%56% 
Peers Win Rate20%35%18%28%28%78% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
VZ Max Drawdown-18%-11%-28%-16%0%-4% 
Peers Max Drawdown-12%-2%-25%-27%-15%-12% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CMCSA, FYBR, LUMN, GLIBA, GLIBK. See VZ Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/29/2025 (YTD)

How Low Can It Go

Unique KeyEventVZS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-48.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven94.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-18.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven22.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven253 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-21.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven27.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven199 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-45.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven83.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1440 days1480 days

Compare to CMCSA, FYBR, LUMN, GLIBA, GLIBK


In The Past

Verizon Communications's stock fell -48.5% during the 2022 Inflation Shock from a high on 5/10/2021. A -48.5% loss requires a 94.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Verizon Communications (VZ)

Interactive Breakdown

Verizon Communications Interactive Breakdown Analysis

Better Bets than Verizon Communications (VZ)

 VZBetter Performance than VZ
MetricValueIndustry (Integrated Telecommunication S)
Rev Chg LTM2.4%TU (2.6%), RCI (2.8%), FYBR (4.3%), LBRDA (7.2%), GSAT (14.9%)
Rev Chg 3Y Avg0.5%T (0.6%), TU (5.7%), BCE (0.9%), RCI (11.8%), LBRDA (2.6%)
Op Mgn LTM23.0%RCI (23.4%), TIGO (24.6%), KYIV (37.7%)
CFO/Rev LTM28.0%T (33.0%), BCE (29.7%), FYBR (29.7%), TIGO (30.0%), GSAT (223.4%)
FCF/Rev LTM15.0%T (15.8%), BCE (15.6%), TIGO (16.3%), GSAT (100.6%), GLIBA (15.7%)
Total Yield18.4%RCI (35.3%)
 VZBetter Performance than VZ
MetricValueAll Other Sectors
Rev Chg LTM2.4%NVDA (71.6%), MSFT (15.6%), AAPL (6.0%), AMZN (10.9%), AVGO (28.0%)
Rev Chg 3Y Avg0.5%NVDA (92.0%), MSFT (13.2%), AAPL (1.8%), AMZN (11.3%), AVGO (24.0%)
Op Mgn LTM23.0%NVDA (58.1%), MSFT (46.3%), AAPL (31.9%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM28.0%NVDA (46.6%), MSFT (50.0%), AVGO (42.4%), ORCL (36.5%), V (60.4%)
FCF/Rev LTM15.0%NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), AVGO (41.6%), V (56.8%)
Total Yield18.4%BABA (35.0%), TM (2019.8%), CNQ (19.3%), HMC (2163.4%), ERIC (73.2%)
 Best Bets In Communication Services Sector
 VZMETA TTD MTCH GOOGL YELP NFLX CARG T NYT FOXA
What You Pay           
P/E8.628.558.814.628.813.844.826.114.228.612.1
P/EBIT5.225.151.69.523.811.236.418.07.121.97.9
What You Get           
Rev Chg Q1.5%16.1%18.7%-0.0%13.8%3.7%17.2%7.0%3.5%9.7%6.3%
Rev Chg LTM2.4%19.4%23.2%-0.6%13.1%5.4%15.4%4.8%1.5%7.8%16.6%
Rev Chg 3Y Avg0.5%13.0%24.5%2.6%10.2%9.1%11.4%-14.1%0.6%7.0%5.7%
FCF/Rev 3Y Avg11.8%26.9%26.8%25.7%20.3%18.4%19.0%17.3%16.0%13.5%12.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Verizon Communications Earnings Notes  
2Verizon Communications Stock Lost 7.5%, Buy Or Wait?Return 
3Day 6 of Loss Streak for Verizon Communications Stock with -7.4% Return (vs. 6.2% YTD) [10/13/2025]Notification 
4Time To Buy Verizon Communications Stock?Buy or Fear 
5VZ Delivers $102 Bil to Shareholders Over the Last 10 Years  
6Verizon Communications vs Interactive Brokers: Which Is A Better Investment?Counter-Intuitive Comparisons 
7Verizon Communications vs Nexstar Media: Which Is A Better Investment?Counter-Intuitive Comparisons 
8null  
9Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From UAL, IBKR   
10Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From Sector Peers GOOG, EEX, CHTR Better Bets 
11ARTICLES  
12VZ Dips 5.1% In One Day, Time To Buy The Stock? October 7th, 2025
13S&P 500 Movers | Winners: AMD, TSLA, MPWR | Losers: VZ, SBUX, WDC October 6th, 2025
14Ten-Year Tally: VZ Hands Back $102 Bil to Shareholders October 2nd, 2025
15A Decade of Rewards: VZ Returns $102 Bil to Investors August 23rd, 2025
16S&P 500 Movers | Winners: VZ, HSY, ROST | Losers: EQT, EXE, CTRA July 22nd, 2025
Title
0DASHBOARDS
1VZ Dips 5.1% In One Day, Time To Buy The Stock?
2S&P 500 Movers | Winners: AMD, TSLA, MPWR | Losers: VZ, SBUX, WDC
3Ten-Year Tally: VZ Hands Back $102 Bil to Shareholders
4A Decade of Rewards: VZ Returns $102 Bil to Investors
5S&P 500 Movers | Winners: VZ, HSY, ROST | Losers: EQT, EXE, CTRA
6ARTICLES
7Verizon Communications Earnings Notes
8Verizon Communications Stock Lost 7.5%, Buy Or Wait?
9Day 6 of Loss Streak for Verizon Communications Stock with -7.4% Return (vs. 6.2% YTD) [10/13/2025]
10Time To Buy Verizon Communications Stock?
11VZ Delivers $102 Bil to Shareholders Over the Last 10 Years
12Verizon Communications vs Interactive Brokers: Which Is A Better Investment?
13Verizon Communications vs Nexstar Media: Which Is A Better Investment?
14null
15Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From UAL, IBKR 
16Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From Sector Peers GOOG, EEX, CHTR 

Trade Ideas

Select past ideas related to VZ. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE09302025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		1.9%1.9%0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-13.2%-13.2%-13.2%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		5.5%5.5%-2.3%
IRDM_4302025_Dip_Buyer_FCFYield04302025IRDMIridium CommunicationsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-28.9%-28.9%-28.9%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025IASIntegral Ad ScienceDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		44.4%44.4%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE09302025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		1.9%1.9%0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-13.2%-13.2%-13.2%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		5.5%5.5%-2.3%
IRDM_4302025_Dip_Buyer_FCFYield04302025IRDMIridium CommunicationsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-28.9%-28.9%-28.9%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025IASIntegral Ad ScienceDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		44.4%44.4%0.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences144.4%400.3%
2PUMPProPetro92.4%19.0%
3LUMNLumen Technologies56.2%107.2%
4RNAAvidity Biosciences48.6%139.5%
5DYNDyne Therapeutics44.5%0.3%
6ACDCProFrac42.1%-30.4%
7BEBloom Energy41.7%502.0%
8SNDKSanDisk39.1% 
9GTXGarrett Motion36.5%92.3%
10LITELumentum35.6%155.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.1%5106.3%
2LRNStride-54.1%-32.6%
3VRNSVaronis Systems-47.2%-27.2%
4NTLAIntellia Therapeutics-46.6%12.5%
5FIFiserv-43.6%-65.6%
6ITGRInteger-40.2%-50.7%
7UAMYUnited States Antimony-35.9%374.6%
8AKBAAkebia Therapeutics-29.8%10.5%
9OGNOrganon-29.1%-56.5%
10METCRamaco Resources-27.2%186.6%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines269.4%154.4%
2INBXInhibrx Biosciences128.8%400.3%
3PUMPProPetro111.8%19.0%
4NVTSNavitas Semiconductor88.0%280.1%
5FLNCFluence Energy87.8%27.7%
6DYNDyne Therapeutics86.8%0.3%
7VICRVicor83.4%88.7%
8SNDKSanDisk82.1% 
9LUMNLumen Technologies79.7%107.2%
10GLUEMonte Rosa Therapeutics68.7%80.1%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-61.4%5106.3%
2LRNStride-53.0%-32.6%
3FIFiserv-45.2%-65.6%
4VRNSVaronis Systems-43.7%-27.2%
5OGNOrganon-40.6%-56.5%
6NFENew Fortress Energy-40.3%-91.3%
7VGVenture Global-38.0% 
8ITGRInteger-36.8%-50.7%
9LENZLENZ Therapeutics-34.2%6.1%
10CZRCaesars Entertainment-30.7%-44.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences144.4%400.3%
2PUMPProPetro92.4%19.0%
3LUMNLumen Technologies56.2%107.2%
4RNAAvidity Biosciences48.6%139.5%
5DYNDyne Therapeutics44.5%0.3%
6ACDCProFrac42.1%-30.4%
7BEBloom Energy41.7%502.0%
8SNDKSanDisk39.1% 
9GTXGarrett Motion36.5%92.3%
10LITELumentum35.6%155.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.1%5106.3%
2LRNStride-54.1%-32.6%
3VRNSVaronis Systems-47.2%-27.2%
4NTLAIntellia Therapeutics-46.6%12.5%
5FIFiserv-43.6%-65.6%
6ITGRInteger-40.2%-50.7%
7UAMYUnited States Antimony-35.9%374.6%
8AKBAAkebia Therapeutics-29.8%10.5%
9OGNOrganon-29.1%-56.5%
10METCRamaco Resources-27.2%186.6%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Verizon Communications

Financials

VZCMCSAFYBRLUMNGLIBAGLIBKMedian
NameVerizon .Comcast Frontier.Lumen Te.GCI Libe.GCI Libe. 
Mkt Price40.2128.5337.7311.0036.3636.4636.41
Mkt Cap170.0107.59.410.9--59.2
Rev LTM137,491123,5596,04012,8249329329,432
Op Inc LTM31,67623,147432412176176422
FCF LTM20,64913,424-1,419938146146542
FCF 3Y Avg16,05212,937-1,489144--6,540
CFO LTM38,45528,1191,7944,3853883883,090
CFO 3Y Avg37,11727,8751,6083,374--15,624

Growth & Margins

VZCMCSAFYBRLUMNGLIBAGLIBKMedian
NameVerizon .Comcast Frontier.Lumen Te.GCI Libe.GCI Libe. 
Rev Chg LTM2.4%1.3%4.3%-6.5%--1.9%
Rev Chg 3Y Avg0.5%0.9%--12.2%--0.5%
Rev Chg Q1.5%-0.6%4.2%-5.4%--0.5%
QoQ Delta Rev Chg LTM0.4%-0.1%1.0%-1.4%--0.1%
Op Mgn LTM23.0%18.7%7.2%3.2%18.9%18.9%18.8%
Op Mgn 3Y Avg21.9%19.0%8.6%7.1%--13.8%
QoQ Delta Op Mgn LTM1.5%-0.1%0.3%-0.8%--0.1%
CFO/Rev LTM28.0%22.8%29.7%34.2%41.6%41.6%31.9%
CFO/Rev 3Y Avg27.4%22.9%27.5%24.6%--26.0%
FCF/Rev LTM15.0%10.9%-23.5%7.3%15.7%15.7%12.9%
FCF/Rev 3Y Avg11.8%10.6%-25.6%1.4%--6.0%

Valuation

VZCMCSAFYBRLUMNGLIBAGLIBKMedian
NameVerizon .Comcast Frontier.Lumen Te.GCI Libe.GCI Libe. 
Mkt Cap170.0107.59.410.9--59.2
P/S1.20.91.60.9--1.1
P/EBIT5.24.825.9-37.5--5.0
P/E8.66.8-24.8-9.3---1.2
P/CFO4.43.85.32.5--4.1
Total Yield18.4%19.1%-4.0%-10.8%--7.2%
Dividend Yield6.7%4.5%0.0%0.0%--2.3%
FCF Yield 3Y Avg9.5%8.5%-28.1%1.9%--5.2%
D/E1.00.91.31.7--1.1
Net D/E1.00.81.21.5--1.1

Returns

VZCMCSAFYBRLUMNGLIBAGLIBKMedian
NameVerizon .Comcast Frontier.Lumen Te.GCI Libe.GCI Libe. 
1M Rtn-5.4%-9.4%1.0%86.8%-0.1%1.2%0.5%
3M Rtn-4.0%-11.3%3.1%146.6%7.4%6.9%5.0%
6M Rtn-5.7%-14.9%4.1%210.7%---0.8%
12M Rtn4.0%-29.6%5.1%66.7%--4.6%
3Y Rtn30.6%-1.7%60.7%49.9%--40.2%
1M Excs Rtn-10.0%-12.2%-2.0%76.7%-6.2%-5.2%-5.7%
3M Excs Rtn-13.0%-21.9%-6.0%138.5%1.4%1.0%-2.5%
6M Excs Rtn-29.4%-38.7%-19.6%187.0%---24.5%
12M Excs Rtn-14.8%-47.6%-13.9%52.2%---14.3%
3Y Excs Rtn-44.7%-80.4%-6.9%-18.5%---31.6%

Financials

$ Mil | FY: 12/312025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
Period End9/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/2022
Filing Date10/29/20257/25/20254/25/20252/12/202510/25/20247/25/20244/25/20242/9/202410/26/20237/28/20234/27/20232/10/2023
Key Financials Quarterly            
Total Revenue33,82134,50433,48535,68133,33032,79632,98135,13033,33632,59632,91235,251
Ebitda12,80912,88312,68212,71810,43212,21512,1554,29812,05611,75612,02514,134
Operating Income8,1058,1727,9787,4215,9267,8187,5216,4417,4737,2207,5847,225
Net Income4,9505,0034,8795,0053,3064,5934,602-2,7054,7624,6484,9096,577
EPS1.171.181.161.190.781.091.09-0.641.131.101.171.56
Key Financials TTM            
Total Revenue TTM137,491137,000135,292134,788134,237134,243134,043133,974134,095135,000136,193136,835
Ebitda TTM51,09248,71548,04747,52039,10040,72440,26540,13549,97149,69649,90348,983
Operating Income TTM31,67629,49729,14328,68627,70629,25328,65528,71829,50229,92330,25530,467
Net Income TTM19,83718,19317,78317,5069,79611,25211,30711,61420,89621,03421,58521,256
Growth Rates Quarterly            
Total Revenue Growth1.5%5.2%1.5%1.6%-0.0%0.6%0.2%-0.3%-2.6%-3.5%-1.9%3.5%
EBITDA Growth22.8%5.5%4.3%195.9%-13.5%3.9%1.1%-69.6%2.3%-1.7%8.3%29.3%
Operating Income Growth36.8%4.5%6.1%15.2%-20.7%8.3%-0.8%-10.9%-5.3%-4.4%-2.7%-5.0%
Net Income Growth49.7%8.9%6.0%285.0%-30.6%-1.2%-6.3%-141.1%-2.8%-10.6%7.2%42.6%
Margins Quarterly            
EBITDA Margin37.9%37.3%37.9%35.6%31.3%37.2%36.9%12.2%36.2%36.1%36.5%40.1%
Operating Income Margin24.0%23.7%23.8%20.8%17.8%23.8%22.8%18.3%22.4%22.1%23.0%20.5%
Net Income Margin14.6%14.5%14.6%14.0%9.9%14.0%14.0%-7.7%14.3%14.3%14.9%18.7%
Cash & Debt            
Total Cash7,7063,4352,2574,1944,9872,4322,3652,0654,2104,8032,2342,605
Total Debt170,452169,891167,714168,357174,200172,980175,634174,942172,070177,654178,333176,331
Net Debt / (Cash)162,746166,456165,457164,163169,213170,548173,269172,877167,860172,851176,099173,726
Cash Flows Quarterly            
FCF from Operations11,2668,9757,78210,4329,9119,4857,0848,67710,7789,7318,2898,942
Cash Flows TTM            
FCF from Operations TTM38,45537,10037,61036,91235,15736,02436,27037,47537,74037,49638,60937,141
Returns to Shareholders Quarterly            
Dividends2,8572,8562,8562,8502,8012,8022,7962,7942,7442,7432,7442,739
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC14.8%14.6%14.3%13.5%10.7%13.8%13.0%14.4%13.6%12.7%13.0%12.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM14.5%13.3%13.2%13.1%11.1%11.8%11.4%11.5%13.2%13.0%12.9%13.1%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Consumer101,626103,50695,30088,53391,056
Business30,12231,07231,04230,96231,443
Corporate and other2,4792,5107,7229,3349,812
Eliminations-253-253-451-537-443
Total133,974136,835133,613128,292131,868


Operating Income by Segment
$ Mil20242023202220212020
Consumer29,01128,84629,95528,85628,961
Business2,0662,6313,4373,7733,762
Legacy legal matter00   
Legal settlement-100    
Business transformation costs-1760   
Non-strategic business shutdown-1790   
Other components of net periodic pension and benefit charges-248-387-769-817-813
Asset and business rationalization-480    
Severance charges-533-304-209-221-204
Corporate and other-643-319-449-1,472-1,403
Verizon Business Group goodwill impairment-5,8410   
Asset rationalization 0   
Loss on spectrum licenses 0-223-1,195 
Net gain from disposition of business 0706-126261
Impairment charges    -186
Total22,87730,46732,44828,79830,378


Price Behavior

VZ Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.35-0.16-0.080.190.080.23
Up Beta2.800.15-0.450.110.070.23
Down Beta0.790.280.340.320.110.16
Up Capture-15%-17%5%13%5%7%
Bmk +ve Days13233574144420
Stock +ve Days9223061124394
Down Capture-11%-71%-22%28%7%46%
Bmk -ve Days8192952107330
Stock -ve Days12203363125349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity97,515,795
Short Interest: % Change Since 930202511.3%
Average Daily Volume31,367,583
Days-to-Cover Short Interest3.11
Basic Shares Quantity4,228,000,000
Short % of Basic Shares2.3%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/21/20254.0%5.5%8.7%
4/22/20250.6%-1.3%3.0%
1/24/20250.9%0.7%10.6%
10/22/2024-5.0%-4.8%-4.1%
7/22/2024-6.1%-3.7%-2.1%
4/22/2024-4.7%-2.0%-0.9%
1/23/20246.7%6.2%3.8%
10/24/20239.3%10.3%18.7%
...
SUMMARY STATS   
# Positive121210
# Negative131315
Median Positive1.4%2.0%5.1%
Median Negative-3.2%-2.2%-2.3%
Max Positive9.3%10.3%18.7%
Max Negative-6.7%-12.0%-10.0%

SEC Filings

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Report DateFiling DateFiling
93020251029202510-Q 9/30/2025
6302025725202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024212202510-K 12/31/2024
93020241025202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024425202410-Q 3/31/2024
12312023209202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023728202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022210202310-K 12/31/2022
93020221025202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022427202210-Q 3/31/2022
12312021211202210-K 12/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Malady KyleEVP and Group CEO-VZ Business5092025Sell43.819,701425,00113,450Form
1Malady KyleEVP and Group CEO-VZ Business5082025Sell44.109,000396,900441,353Form
2Malady KyleEVP and Group CEO-VZ Business5012025Sell43.887,500329,062833,976Form
3Malady KyleEVP and Group CEO-VZ Business4252025Sell43.0210,000430,2401,140,480Form
4Malady KyleEVP and Group CEO-VZ Business4242025Sell42.485,000212,4251,551,042Form

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