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 · 5 years

Total assets $404.3B

Total liabilities ~$298.5B

Shareholders equity $105.7B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	4.7%	1.1%	0.5%	0.7%	0.8%
Accounts Receivable	6.7%	6.8%	6.6%	6.5%	6.5%
Inventory	0.6%	0.6%	0.5%	0.6%	0.8%
Prepaid Expenses	2.1%	2.1%	2.0%	2.2%	1.9%
Total Current Assets	14.1%	10.5%	9.7%	10.0%	10.0%
Property,Plant and Equipment	27.1%	28.2%	28.5%	28.3%	27.2%
Operating Lease Assets	5.8%	6.4%	6.5%	6.9%	7.6%
Goodwill	5.7%	5.9%	6.0%	7.6%	7.8%
Intangible Assets	41.4%	43.6%	43.8%	42.5%	43.5%
Long Term Investments	0.2%	0.2%	0.3%	0.3%	0.3%
Other Noncurrent Assets	5.8%	5.1%	5.2%	4.5%	3.6%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.2%	6.1%	6.2%	6.3%	6.8%
Current Portion of Long Term Debt	4.6%	5.9%	3.4%	2.6%	2.0%
Operating Lease Liabilities	1.1%	1.1%	1.1%	1.1%	1.1%
Other Current Liabilities	3.5%	3.7%	3.3%	3.2%	3.0%
Total Current Liabilities	15.4%	16.8%	14.0%	13.2%	12.9%
Long Term Debt	34.5%	31.6%	36.2%	37.1%	39.1%
Operating Lease Liabilities Noncurrent	4.7%	5.2%	5.3%	5.7%	6.3%
Deferred Tax Liabilities	12.1%	12.1%	12.0%	11.4%	11.1%
Other Noncurrent Liabilities	7.2%	8.1%	7.8%	8.3%	7.9%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	3.3%	3.5%	3.6%	3.5%	3.8%
Retained Earnings	23.4%	23.2%	21.8%	21.7%	19.6%
Treasury Stock	0.8%	0.9%	1.0%	1.1%	1.1%
Accumulated Other Comprehensive Income	-0.4%	-0.2%	-0.4%	-0.5%	-0.3%
Other Equity	0.2%	0.2%	0.2%	0.2%	0.1%
Total Stockholders Equity	26.2%	26.1%	24.7%	24.4%	22.7%
Noncontrolling Interest	0.3%	0.3%	0.4%	0.3%	0.4%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $138.2B

Operating income $29.3B

Net income $17.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	34.2%	35.0%	35.2%	36.0%	36.4%
Expenses Selling,General and Administrative	8.4%	8.9%	8.6%	7.9%	7.8%
Expenses Depreciation and Amortization	4.5%	4.7%	4.6%	4.5%	4.4%
Expenses Restructuring and Asset Impairment	0.0%	0.0%	1.5%	0.0%	0.0%
Other Income Expense Operating Income	7.2%	7.5%	6.0%	8.0%	8.9%
Other Income Expense Interest Expense	1.7%	1.7%	1.5%	1.0%	1.0%
Other Income Expense Other Income/expense	0.0%	0.2%	-0.1%	0.4%	0.1%
Other Income Expense Income Before Tax	5.6%	6.0%	4.5%	7.4%	8.0%
Income Tax Income Tax Expense	1.3%	1.3%	1.3%	1.7%	1.9%
net Income Other Items Below Tax	-0.1%	-0.1%	-0.1%	-0.1%	-0.2%
net Income net Income	4.2%	4.6%	3.1%	5.6%	6.0%
net Income Comprehensive Income	4.0%	4.7%	3.2%	5.4%	5.8%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	1.0%	1.1%	1.1%	1.1%	1.1%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.1%	1.1%	1.1%	1.1%

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 5 years

Operating cash flow $37.1B

Investing cash flow $-16.7B

Financing cash flow $-5.6B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	4.4%	4.7%	3.2%	5.7%	6.2%
Operating Activities Depreciation and Amortization	4.5%	4.7%	4.6%	4.5%	4.4%
Operating Activities Deferred Income Taxes	0.6%	0.2%	0.6%	0.8%	1.2%
Operating Activities Changes In Operating Assets and Liabilities	-0.6%	-0.6%	-0.1%	-0.1%	-0.2%
Operating Activities Other Non Cash Items	0.3%	0.7%	1.5%	-1.1%	-0.7%
Operating Activities net Cash From Operating Activities	9.2%	9.6%	9.9%	9.8%	10.8%
Investing Activities Capital Expenditures	-4.2%	-4.4%	-4.9%	-6.1%	-5.5%
Investing Activities Business Acquisitions	-0.1%	-0.2%	-1.5%	-0.9%	-14.1%
Investing Activities Other Investing Activities	0.2%	-0.2%	0.3%	-0.6%	1.3%
Investing Activities net Cash From Investing Activities	-4.1%	-4.9%	-6.2%	-7.5%	-18.3%
Financing Activities Proceeds From Debt	6.8%	4.0%	2.3%	4.7%	11.3%
Financing Activities Repayment of Debt	-4.9%	-5.3%	-2.8%	-3.6%	-5.1%
Financing Activities Dividends Paid	-2.8%	-2.9%	-2.9%	-2.8%	-2.8%
Financing Activities Other Financing Activities	-0.5%	-0.3%	-0.4%	-0.5%	-1.0%
Financing Activities net Cash From Financing Activities	-1.4%	-4.4%	-3.9%	-2.2%	2.3%
Cash Reconciliation net Change In Cash	3.7%	0.3%	-0.2%	-0.0%	-5.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+21.2%	+21.3%	+17.1%	+22.3%	+24.3%
Net margin	+12.4%	+13.0%	+8.7%	+15.5%	+16.5%
FCF margin	+14.6%	+14.7%	+14.0%	+10.3%	+14.4%
Growth
Revenue CAGR (3y)	+0.3%	+0.3%	+1.5%	+1.2%	+0.7%
Returns
ROE	+16.2%	+17.4%	+12.4%	+23.0%	+26.5%
ROA	+4.2%	+4.6%	+3.1%	+5.6%	+6.0%
ROIC	+9.3%	+9.3%	+6.7%	+9.7%	+10.8%
Liquidity
Current ratio	0.91x	0.63x	0.69x	0.75x	0.78x
Quick ratio	0.74x	0.47x	0.51x	0.54x	0.57x
Leverage
D/E	2.82x	2.83x	3.05x	3.11x	3.41x
Interest coverage	4.37x	4.31x	4.14x	8.43x	9.31x
Efficiency
Asset turnover	0.34x	0.35x	0.35x	0.36x	0.36x
Cash conversion cycle	—	—	—	—	—

Valuation

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FY2025 fundamentals · no price

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Verizon

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