Company financials

Verizon

Communication Services Integrated Telecommunication Services New York City, New York Last filing Feb 17, 2026 · FY2025

                    Revenue
                    FY2025
                
$138.2B
                    3y CAGR +0.3%
                    
                    P14
                    
                    +2.5%
                    
                    Net income
                    FY2025
                
$17.2B
                    Net margin +12.4%
                    
                    P33
                    
                    -1.9%
                    
                    Total assets
                    FY2025
                
$404.3B
                    ROA +4.2%
                    
                    P33
                    
                    +5.1%
                    
                    Operating cash flow
                    FY2025
                
$37.1B
                    FCF margin +14.6%
                    
                    P35
                    
                    +0.6%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 10 years

Total assets $404.3B

Total liabilities ~$298.5B

Shareholders equity $105.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	4.7%	1.1%	0.5%	0.7%	0.8%	7.0%	0.9%	1.0%	0.8%	1.2%
Accounts Receivable	6.7%	6.8%	6.6%	6.5%	6.5%	7.6%	8.7%	9.5%	9.1%	7.2%
Inventory	0.6%	0.6%	0.5%	0.6%	0.8%	0.6%	0.5%	0.5%	0.4%	0.5%
Prepaid Expenses	2.1%	2.1%	2.0%	2.2%	1.9%	2.1%	2.8%	2.1%	1.3%	1.6%
Total Current Assets	14.1%	10.5%	9.7%	10.0%	10.0%	17.3%	12.8%	13.1%	11.6%	10.8%
Property,Plant and Equipment	27.1%	28.2%	28.5%	28.3%	27.2%	30.0%	31.5%	33.7%	34.4%	34.7%
Operating Lease Assets	5.8%	6.4%	6.5%	6.9%	7.6%	7.1%	7.8%	8.8%	—	—
Goodwill	5.7%	5.9%	6.0%	7.6%	7.8%	7.8%	8.4%	9.3%	11.3%	11.1%
Intangible Assets	41.4%	43.6%	43.8%	42.5%	43.5%	33.3%	35.8%	39.2%	38.4%	39.1%
Long Term Investments	0.2%	0.2%	0.3%	0.3%	0.3%	0.2%	0.2%	0.3%	0.4%	0.5%
Other Noncurrent Assets	5.8%	5.1%	5.2%	4.5%	3.6%	4.3%	3.5%	4.4%	3.8%	3.7%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.2%	6.1%	6.2%	6.3%	6.8%	6.5%	7.5%	8.5%	8.3%	8.0%
Current Portion of Long Term Debt	4.6%	5.9%	3.4%	2.6%	2.0%	1.9%	3.7%	2.7%	1.3%	1.1%
Operating Lease Liabilities	1.1%	1.1%	1.1%	1.1%	1.1%	1.1%	1.1%	1.1%	—	—
Other Current Liabilities	3.5%	3.7%	3.3%	3.2%	3.0%	3.0%	3.1%	3.1%	3.2%	3.3%
Total Current Liabilities	15.4%	16.8%	14.0%	13.2%	12.9%	12.5%	15.4%	14.3%	12.8%	12.4%
Long Term Debt	34.5%	31.6%	36.2%	37.1%	39.1%	38.9%	34.5%	40.0%	44.2%	43.2%
Operating Lease Liabilities Noncurrent	4.7%	5.2%	5.3%	5.7%	6.3%	5.7%	6.3%	7.3%	—	—
Deferred Tax Liabilities	12.1%	12.1%	12.0%	11.4%	11.1%	11.3%	11.9%	12.8%	12.1%	18.8%
Other Noncurrent Liabilities	7.2%	8.1%	7.8%	8.3%	7.9%	9.7%	10.4%	12.3%	13.4%	15.7%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.2%
Additional Paid In Capital	3.3%	3.5%	3.6%	3.5%	3.8%	4.2%	4.6%	5.1%	4.3%	4.6%
Retained Earnings	23.4%	23.2%	21.8%	21.7%	19.6%	19.1%	18.2%	16.4%	13.9%	6.2%
Treasury Stock	0.8%	0.9%	1.0%	1.1%	1.1%	2.1%	2.3%	2.6%	2.8%	3.0%
Accumulated Other Comprehensive Income	-0.4%	-0.2%	-0.4%	-0.5%	-0.3%	-0.0%	0.3%	0.9%	1.0%	1.1%
Other Equity	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%
Total Stockholders Equity	26.2%	26.1%	24.7%	24.4%	22.7%	21.9%	21.5%	20.7%	17.4%	9.8%
Noncontrolling Interest	0.3%	0.3%	0.4%	0.3%	0.4%	0.5%	0.5%	0.6%	0.6%	0.6%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $138.2B

Operating income $29.3B

Net income $17.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	34.2%	35.0%	35.2%	36.0%	36.4%	40.5%	45.2%	49.4%	49.0%	51.6%
Expenses Selling,General and Administrative	8.4%	8.9%	8.6%	7.9%	7.8%	10.0%	10.2%	11.7%	11.1%	11.5%
Expenses Depreciation and Amortization	4.5%	4.7%	4.6%	4.5%	4.4%	5.3%	5.7%	6.6%	6.6%	—
Expenses Restructuring and Asset Impairment	0.0%	0.0%	1.5%	0.0%	0.0%	—	0.1%	1.7%	0.0%	0.0%
Other Income Expense Operating Income	7.2%	7.5%	6.0%	8.0%	8.9%	9.1%	10.4%	8.4%	10.7%	12.0%
Other Income Expense Interest Expense	1.7%	1.7%	1.5%	1.0%	1.0%	1.3%	1.6%	1.8%	1.8%	1.8%
Other Income Expense Other Income/expense	0.0%	0.2%	-0.1%	0.4%	0.1%	-0.2%	-1.0%	0.8%	-0.8%	-1.6%
Other Income Expense Income Before Tax	5.6%	6.0%	4.5%	7.4%	8.0%	7.6%	7.8%	7.4%	8.0%	8.6%
Income Tax Income Tax Expense	1.3%	1.3%	1.3%	1.7%	1.9%	1.8%	1.0%	1.4%	-3.9%	3.0%
net Income Other Items Below Tax	-0.1%	-0.1%	-0.1%	-0.1%	-0.2%	-0.2%	-0.2%	-0.2%	-0.2%	-0.2%
net Income net Income	4.2%	4.6%	3.1%	5.6%	6.0%	5.6%	6.6%	5.9%	11.7%	5.4%
net Income Comprehensive Income	4.0%	4.7%	3.2%	5.4%	5.8%	5.3%	6.1%	5.5%	11.7%	6.2%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.0%	1.1%	1.1%	1.1%	1.1%	1.3%	1.4%	1.6%	1.6%	1.7%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.1%	1.1%	1.1%	1.1%	1.3%	1.4%	1.6%	1.6%	1.7%

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 10 years

Operating cash flow $37.1B

Investing cash flow $-16.7B

Financing cash flow $-5.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	4.4%	4.7%	3.2%	5.7%	6.2%	5.8%	6.8%	6.1%	11.9%	5.6%
Operating Activities Depreciation and Amortization	4.5%	4.7%	4.6%	4.5%	4.4%	5.3%	5.7%	6.6%	6.6%	—
Operating Activities Deferred Income Taxes	0.6%	0.2%	0.6%	0.8%	1.2%	0.5%	0.4%	0.1%	-5.6%	-0.4%
Operating Activities Changes In Operating Assets and Liabilities	-0.6%	-0.6%	-0.1%	-0.1%	-0.2%	0.0%	-2.3%	-0.4%	-2.3%	-2.8%
Operating Activities Other Non Cash Items	0.3%	0.7%	1.5%	-1.1%	-0.7%	1.6%	1.6%	0.6%	-1.1%	-0.0%
Operating Activities net Cash From Operating Activities	9.2%	9.6%	9.9%	9.8%	10.8%	13.2%	12.3%	13.0%	9.5%	8.9%
Investing Activities Capital Expenditures	-4.2%	-4.4%	-4.9%	-6.1%	-5.5%	-5.7%	-6.1%	-6.3%	-6.7%	-7.0%
Investing Activities Business Acquisitions	-0.1%	-0.2%	-1.5%	-0.9%	-14.1%	-1.4%	-0.3%	-0.6%	-2.5%	-1.8%
Investing Activities Other Investing Activities	0.2%	-0.2%	0.3%	-0.6%	1.3%	-0.3%	0.4%	0.1%	2.0%	4.7%
Investing Activities net Cash From Investing Activities	-4.1%	-4.9%	-6.2%	-7.5%	-18.3%	-7.4%	-6.0%	-6.8%	-7.2%	-4.0%
Financing Activities Proceeds From Debt	6.8%	4.0%	2.3%	4.7%	11.3%	9.9%	6.4%	4.1%	12.4%	7.4%
Financing Activities Repayment of Debt	-4.9%	-5.3%	-2.8%	-3.6%	-5.1%	-5.4%	-8.2%	-5.5%	-9.4%	-7.8%
Financing Activities Dividends Paid	-2.8%	-2.9%	-2.9%	-2.8%	-2.8%	-3.2%	-3.4%	-3.7%	-3.7%	-3.8%
Financing Activities Other Financing Activities	-0.5%	-0.3%	-0.4%	-0.5%	-1.0%	-0.9%	-1.0%	-0.7%	-1.7%	-1.2%
Financing Activities net Cash From Financing Activities	-1.4%	-4.4%	-3.9%	-2.2%	2.3%	0.4%	-6.2%	-5.8%	-2.4%	-5.5%
Cash Reconciliation net Change In Cash	3.7%	0.3%	-0.2%	-0.0%	-5.3%	6.2%	0.0%	0.4%	-0.1%	-0.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+21.2%	+21.3%	+17.1%	+22.3%	+24.3%	+22.4%	+23.0%	+17.0%	+21.8%	+23.2%
Net margin	+12.4%	+13.0%	+8.7%	+15.5%	+16.5%	+13.9%	+14.6%	+11.9%	+23.9%	+10.4%
FCF margin	+14.6%	+14.7%	+14.0%	+10.3%	+14.4%	+18.4%	+13.5%	+13.5%	+5.6%	+3.7%
Growth
Revenue CAGR (3y)	+0.3%	+0.3%	+1.5%	+1.2%	+0.7%	+0.6%	+1.5%	-0.2%	-0.3%	+1.5%
Returns
ROE	+16.2%	+17.4%	+12.4%	+23.0%	+26.5%	+25.7%	+30.7%	+28.4%	+67.4%	+54.6%
ROA	+4.2%	+4.6%	+3.1%	+5.6%	+6.0%	+5.6%	+6.6%	+5.9%	+11.7%	+5.4%
ROIC	+9.3%	+9.3%	+6.7%	+9.7%	+10.8%	+12.5%	+15.4%	+11.0%	+17.2%	+14.7%
Liquidity
Current ratio	0.91x	0.63x	0.69x	0.75x	0.78x	1.38x	0.84x	0.91x	0.91x	0.87x
Quick ratio	0.74x	0.47x	0.51x	0.54x	0.57x	1.16x	0.62x	0.73x	0.77x	0.67x
Leverage
D/E	2.82x	2.83x	3.05x	3.11x	3.41x	3.57x	3.64x	3.84x	4.75x	9.16x
Interest coverage	4.37x	4.31x	4.14x	8.43x	9.31x	6.78x	6.42x	4.61x	5.79x	6.68x
Efficiency
Asset turnover	0.34x	0.35x	0.35x	0.36x	0.36x	0.41x	0.45x	0.49x	0.49x	0.52x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Verizon

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