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%
                    
                    P16
                    
                    +2.5%
                    
                    Net income
                    FY2025
                
$17.2B
                    Net margin +12.4%
                    
                    P37
                    
                    -1.9%
                    
                    Total assets
                    FY2025
                
$404.3B
                    ROA +4.2%
                    
                    P37
                    
                    +5.1%
                    
                    Operating cash flow
                    FY2025
                
$37.1B
                    FCF margin +14.6%
                    
                    P35
                    
                    +0.6%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

35 accounts · 3 years

Total assets $404.3B

Total liabilities $242.4B

Shareholders equity $105.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$19.0B 354.2%	$4.2B 103.1%	$2.1B
Short Term Investments	$0	$0	$0
Accounts Receivable	$27.1B 3.8%	$26.1B 4.1%	$25.1B
Inventory	$2.4B 8.6%	$2.2B 9.2%	$2.1B
Prepaid Expenses	$8.3B 4.6%	$8.0B 4.8%	$7.6B
Other Current Assets	$1.4B 16.7%	$1.2B 31.7%	$911.0M
Total Current Assets	$56.9B 40.5%	$40.5B 10.1%	$36.8B
Property,Plant and Equipment	$109.5B 0.9%	$108.5B 0.2%	$108.3B
Operating Lease Assets	$23.5B -4.0%	$24.5B -1.0%	$24.7B
Goodwill	$22.8B 0.0%	$22.8B 0.0%	$22.8B
Intangible Assets	$10.5B -6.0%	$11.1B 0.7%	$11.1B
Other Noncurrent Assets	$23.2B 17.6%	$19.8B -0.6%	$19.9B
Total Assets	$404.3B 5.1%	$384.7B 1.2%	$380.3B
Liabilities
Accounts Payable	$25.0B 139.6%	$10.4B 4.0%	$10.0B
Accrued Liabilities	$0 -100.0%	$5.1B -2.5%	$5.2B
Deferred Revenue	$7.6B 1.1%	$7.5B 7.7%	$7.0B
Current Portion of Long Term Debt	$18.6B -17.7%	$22.6B 74.5%	$13.0B
Operating Lease Liabilities	$4.5B 2.9%	$4.4B 3.5%	$4.3B
Other Current Liabilities	$14.2B -0.8%	$14.3B 14.5%	$12.5B
Total Current Liabilities	$62.4B -3.7%	$64.8B 21.7%	$53.2B
Long Term Debt	$139.5B -3.1%	$144.0B -4.4%	$150.7B
Deferred Revenue Noncurrent	$2.4B 11.3%	$2.2B 12.3%	$1.9B
Operating Lease Liabilities Noncurrent	$19.0B -4.9%	$19.9B -0.4%	$20.0B
Deferred Tax Liabilities	$48.7B -15.2%	$57.5B 0.2%	$57.3B
Other Noncurrent Liabilities	$17.8B -7.7%	$19.3B 16.7%	$16.6B
Total Liabilities	$242.4B 6.6%	$227.4B -5.2%	$239.9B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$429.0M 0.0%	$429.0M 0.0%	$429.0M
Additional Paid In Capital	$13.4B -0.7%	$13.5B -1.2%	$13.6B
Retained Earnings	$94.7B 6.3%	$89.1B 7.5%	$82.9B
Treasury Stock	$3.3B -9.2%	$3.6B -6.2%	$3.8B
Accumulated Other Comprehensive Income	$-1.7B -87.1%	$-923.0M 33.1%	$-1.4B
Noncontrolling Interest	$1.3B -4.3%	$1.3B -2.3%	$1.4B
Total Stockholders Equity	$105.7B 5.1%	$100.6B 7.2%	$93.8B
Total Liabilitiesand Equity	$404.3B 5.1%	$384.7B 1.2%	$380.3B

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $138.2B

Operating income $29.3B

Net income $17.2B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$138.2B 2.5%	$134.8B 0.6%	$134.0B
Expenses Cost of Revenue	$108.9B 2.7%	$106.1B -4.5%	$111.1B
Expenses Selling,General and Administrative	$33.8B -0.9%	$34.1B 4.2%	$32.7B
Expenses Depreciation and Amortization	$18.3B 2.6%	$17.9B 1.5%	$17.6B
Expenses Operating Expenses	$108.9B 2.7%	$106.1B -4.5%	$111.1B
Other Income Expense Operating Income	$29.3B 2.0%	$28.7B 25.4%	$22.9B
Other Income Expense Interest Income	$329.0M -2.1%	$336.0M -5.1%	$354.0M
Other Income Expense Interest Expense	$6.7B 0.7%	$6.6B 20.4%	$5.5B
Other Income Expense Other Income/expense	$107.0M -89.2%	$995.0M 417.9%	$-313.0M
Other Income Expense Income Before Tax	$22.7B -1.3%	$23.0B 35.3%	$17.0B
Income Tax Income Tax Expense	$5.1B 0.7%	$5.0B 2.8%	$4.9B
net Income net Income	$17.2B -1.9%	$17.5B 50.7%	$11.6B
net Income Comprehensive Income	$16.4B -8.9%	$18.0B 48.5%	$12.1B
Earnings Per Share Basic Eps	$4 -2.2%	$4 50.4%	$3
Earnings Per Share Diluted Eps	$4 -1.9%	$4 50.5%	$3
Earnings Per Share Weighted Average Shares Basic	$4.2B 0.2%	$4.2B 0.2%	$4.2B
Earnings Per Share Weighted Average Shares Diluted	$4.2B 0.2%	$4.2B 0.2%	$4.2B

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $37.1B

Investing cash flow $-16.7B

Financing cash flow $-5.6B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$17.2B -1.9%	$17.5B 50.7%	$11.6B
Operating Activities Depreciation and Amortization	$18.3B 2.6%	$17.9B 1.5%	$17.6B
Operating Activities Stock Based Compensation	$1.0B 2071.2%	$-52.0M -104.3%	$1.2B
Operating Activities Deferred Income Taxes	$2.3B 187.1%	$815.0M -65.9%	$2.4B
Operating Activities Changes In Operating Assets and Liabilities	$4.1B 22.2%	$3.4B 44.4%	$2.3B
Operating Activities Other Non Cash Items	$-2.3B -1404.0%	$173.0M 104.7%	$-3.7B
Operating Activities net Cash From Operating Activities	$37.1B 0.6%	$36.9B -1.5%	$37.5B
Investing Activities Capital Expenditures	$17.0B -0.5%	$17.1B -8.9%	$18.8B
Investing Activities Business Acquisitions	$0	$0 -100.0%	$30.0M
Investing Activities Other Investing Activities	$-801.0M -217.1%	$684.0M 158.9%	$-1.2B
Investing Activities net Cash From Investing Activities	$-16.7B 10.8%	$-18.7B 20.3%	$-23.4B
Financing Activities Proceeds From Debt	$27.6B 76.9%	$15.6B 81.4%	$8.6B
Financing Activities Repayment of Debt	$9.0B 92.7%	$4.7B 131.8%	$2.0B
Financing Activities Dividends Paid	$11.5B 2.1%	$11.2B 2.0%	$11.0B
Financing Activities Other Financing Activities	$-1.9B -81.3%	$-1.1B 33.6%	$-1.6B
Financing Activities net Cash From Financing Activities	$-5.6B 67.2%	$-17.1B -16.7%	$-14.7B
Cash Reconciliation Effect of Exchange Rate On Cash	$19.5B 320.7%	$4.6B 32.5%	$3.5B
Cash Reconciliation net Change In Cash	$14.9B 1206.2%	$1.1B 285.3%	$-614.0M
Cash Reconciliation Cash At Beginning of Period	$19.5B 320.7%	$4.6B 32.5%	$3.5B
Cash Reconciliation Cash At End of Period	$19.5B 320.7%	$4.6B 32.5%	$3.5B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+21.2%	+21.3%	+17.1%
Operating margin	+21.2%	+21.3%	+17.1%
Net margin	+12.4%	+13.0%	+8.7%
FCF margin	+14.6%	+14.7%	+14.0%
Growth
Revenue CAGR (3y)	+0.3%	+0.3%	+1.5%
Returns
ROE	+16.2%	+17.4%	+12.4%
ROA	+4.2%	+4.6%	+3.1%
ROIC	+9.3%	+8.5%	+6.4%
Liquidity
Current ratio	0.91x	0.63x	0.69x
Quick ratio	0.74x	0.47x	0.51x
Leverage
D/E	2.29x	2.26x	2.56x
Interest coverage	4.37x	4.31x	4.14x
Efficiency
Asset turnover	0.34x	0.35x	0.35x
Cash conversion cycle	-4d	+43d	+42d

Valuation

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FY2025 fundamentals · no price

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Verizon

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