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

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 10 years

Total assets $404.3B

Total liabilities $242.4B

Shareholders equity $105.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	13.8%	3.1%	1.5%	1.9%	2.2%	17.3%	2.0%	2.1%	1.6%	2.3%
Short Term Investments	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%
Accounts Receivable	19.6%	19.4%	18.7%	17.9%	17.8%	18.6%	19.3%	19.2%	18.6%	13.9%
Inventory	1.8%	1.7%	1.5%	1.7%	2.3%	1.4%	1.1%	1.0%	0.8%	1.0%
Prepaid Expenses	6.0%	5.9%	5.7%	6.1%	5.2%	5.2%	6.1%	4.2%	2.6%	3.1%
Other Current Assets	1.0%	0.9%	0.7%	—	—	—	—	—	—	—
Total Current Assets	41.2%	30.1%	27.5%	27.7%	27.5%	42.6%	28.4%	26.5%	23.7%	21.0%
Property,Plant and Equipment	79.2%	80.5%	80.8%	78.5%	74.6%	73.9%	69.7%	68.2%	70.3%	67.3%
Operating Lease Assets	17.0%	18.2%	18.5%	19.1%	20.9%	17.6%	17.2%	—	—	—
Goodwill	16.5%	16.9%	17.1%	21.0%	21.4%	19.3%	18.5%	18.8%	23.1%	21.6%
Intangible Assets	7.6%	8.3%	8.3%	8.4%	8.7%	7.3%	7.2%	7.5%	8.1%	7.1%
Other Noncurrent Assets	16.8%	14.7%	14.8%	12.6%	10.0%	10.6%	7.7%	9.0%	7.8%	6.8%
Total Assets	292.5%	285.4%	283.8%	277.5%	274.4%	246.7%	221.2%	202.4%	204.0%	193.8%
Liabilities
Accounts Payable	18.1%	7.7%	7.5%	6.4%	6.0%	5.2%	5.9%	5.5%	5.6%	5.6%
Accrued Liabilities	0.0%	3.8%	3.9%	5.7%	6.8%	4.7%	4.5%	4.5%	5.4%	4.5%
Deferred Revenue	5.5%	5.6%	5.2%	4.8%	4.5%	3.8%	3.5%	3.2%	3.2%	—
Current Portion of Long Term Debt	13.5%	16.8%	9.7%	7.3%	5.6%	4.6%	0.0%	5.5%	2.7%	2.1%
Operating Lease Liabilities	3.3%	3.3%	3.2%	3.0%	2.9%	2.7%	2.5%	—	—	—
Other Current Liabilities	10.3%	10.6%	9.4%	8.8%	8.3%	7.5%	6.8%	6.3%	6.6%	6.4%
Total Current Liabilities	45.1%	48.1%	39.7%	36.7%	35.3%	30.9%	34.0%	29.0%	26.2%	24.1%
Long Term Debt	101.0%	106.8%	112.5%	110.1%	112.9%	100.6%	84.5%	86.4%	92.9%	83.7%
Deferred Revenue Noncurrent	1.8%	1.6%	1.5%	1.2%	—	—	—	—	—	—
Operating Lease Liabilities Noncurrent	13.7%	14.8%	14.9%	15.8%	17.4%	14.0%	13.9%	—	—	—
Deferred Tax Liabilities	35.3%	42.6%	42.8%	40.0%	39.6%	37.1%	34.9%	31.8%	31.9%	47.5%
Other Noncurrent Liabilities	12.9%	14.3%	12.4%	13.4%	10.1%	9.4%	9.3%	10.6%	9.9%	9.7%
Total Liabilities	175.4%	168.7%	179.1%	179.6%	179.2%	162.8%	140.8%	132.7%	142.7%	150.7%
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	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%
Additional Paid In Capital	9.7%	10.0%	10.2%	9.8%	10.4%	10.4%	10.2%	10.3%	8.8%	8.9%
Retained Earnings	68.6%	66.1%	61.9%	60.2%	53.9%	47.1%	40.3%	33.3%	28.3%	12.0%
Treasury Stock	2.4%	2.7%	2.9%	2.9%	3.1%	5.2%	5.2%	5.3%	5.7%	5.8%
Accumulated Other Comprehensive Income	-1.2%	-0.7%	-1.0%	-1.4%	-0.7%	-0.1%	0.8%	1.8%	2.1%	2.1%
Noncontrolling Interest	0.9%	1.0%	1.0%	1.0%	1.1%	1.1%	1.1%	1.2%	1.3%	1.2%
Total Stockholders Equity	76.5%	74.6%	70.0%	67.6%	62.3%	54.0%	47.6%	41.8%	35.5%	19.1%
Total Liabilitiesand Equity	292.5%	285.4%	283.8%	277.5%	274.4%	246.7%	221.2%	202.4%	204.0%	193.8%

Income Statement

Revenue, expense, and profitability

17 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	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	78.8%	78.7%	82.9%	77.7%	75.7%	77.6%	77.0%	83.0%	17.6%	17.7%
Expenses Selling,General and Administrative	24.5%	25.3%	24.4%	22.0%	21.4%	24.6%	22.7%	23.8%	22.7%	22.3%
Expenses Depreciation and Amortization	13.3%	13.3%	13.2%	12.5%	12.1%	13.0%	12.7%	13.3%	13.5%	12.6%
Expenses Operating Expenses	78.8%	78.7%	82.9%	77.7%	75.7%	77.6%	77.0%	83.0%	78.2%	76.8%
Other Income Expense Operating Income	21.2%	21.3%	17.1%	22.3%	24.3%	22.4%	23.0%	17.0%	21.8%	23.2%
Other Income Expense Interest Income	0.2%	0.2%	0.3%	0.1%	0.0%	0.1%	0.1%	0.1%	0.1%	0.0%
Other Income Expense Interest Expense	4.8%	4.9%	4.1%	2.6%	2.6%	3.3%	3.6%	3.7%	3.8%	3.5%
Other Income Expense Other Income/expense	0.1%	0.7%	-0.2%	1.0%	0.2%	-0.4%	-2.2%	1.8%	-1.6%	-3.0%
Other Income Expense Income Before Tax	16.4%	17.0%	12.7%	20.7%	22.0%	18.7%	17.2%	15.0%	16.3%	16.7%
Income Tax Income Tax Expense	3.7%	3.7%	3.7%	4.8%	5.1%	4.4%	2.2%	2.7%	-7.9%	5.9%
net Income net Income	12.4%	13.0%	8.7%	15.5%	16.5%	13.9%	14.6%	11.9%	23.9%	10.4%
net Income Comprehensive Income	11.8%	13.3%	9.0%	14.8%	15.9%	13.0%	13.6%	11.2%	23.9%	12.1%
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	3.1%	3.1%	3.1%	3.1%	3.1%	3.2%	3.1%	3.2%	3.2%	3.2%
Earnings Per Share Weighted Average Shares Diluted	3.1%	3.1%	3.1%	3.1%	3.1%	3.2%	3.1%	3.2%	3.2%	3.2%

Cash Flow Statement

Operating, investing, and financing flows

20 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	12.4%	13.0%	8.7%	15.5%	16.5%	13.9%	14.6%	11.9%	23.9%	10.4%
Operating Activities Depreciation and Amortization	13.3%	13.3%	13.2%	12.5%	12.1%	13.0%	12.7%	13.3%	13.5%	12.6%
Operating Activities Stock Based Compensation	0.7%	-0.0%	0.9%	-1.5%	-2.5%	0.7%	-0.2%	-2.0%	0.7%	0.6%
Operating Activities Deferred Income Taxes	1.7%	0.6%	1.8%	2.2%	3.2%	1.2%	0.9%	0.3%	-11.5%	-0.8%
Operating Activities Changes In Operating Assets and Liabilities	3.0%	2.5%	1.8%	0.3%	1.8%	-0.8%	3.3%	2.3%	4.3%	4.5%
Operating Activities Other Non Cash Items	-1.6%	0.1%	-2.8%	-2.8%	-0.1%	2.2%	2.6%	0.2%	0.5%	-2.5%
Operating Activities net Cash From Operating Activities	26.9%	27.4%	28.0%	27.1%	29.6%	32.6%	27.1%	26.2%	19.3%	17.2%
Investing Activities Capital Expenditures	12.3%	12.7%	14.0%	16.9%	15.2%	14.2%	13.6%	12.7%	13.7%	13.5%
Investing Activities Business Acquisitions	0.0%	0.0%	0.0%	-0.2%	3.0%	0.4%	0.0%	0.2%	4.7%	3.0%
Investing Activities Other Investing Activities	-0.6%	0.5%	-0.9%	-0.0%	-0.5%	0.7%	-1.0%	-0.3%	-1.3%	-1.3%
Investing Activities net Cash From Investing Activities	-12.1%	-13.9%	-17.5%	-20.9%	-50.3%	-18.3%	-13.3%	-13.7%	-14.6%	-7.8%
Financing Activities Proceeds From Debt	20.0%	11.6%	6.4%	13.0%	31.0%	24.6%	14.2%	8.3%	25.4%	10.3%
Financing Activities Repayment of Debt	6.5%	3.5%	1.5%	1.4%	6.8%	6.9%	—	—	—	—
Financing Activities Dividends Paid	8.3%	8.3%	8.2%	7.9%	7.8%	8.0%	7.6%	7.5%	7.5%	7.4%
Financing Activities Other Financing Activities	-1.4%	-0.8%	-1.2%	-1.5%	-2.9%	-2.1%	-2.2%	-1.4%	-3.5%	-2.3%
Financing Activities net Cash From Financing Activities	-4.1%	-12.7%	-10.9%	-6.2%	6.2%	1.0%	-13.8%	-11.8%	-4.9%	-10.6%
Cash Reconciliation Effect of Exchange Rate On Cash	14.1%	3.4%	2.6%	3.0%	3.1%	18.3%	3.0%	3.0%	2.3%	2.5%
Cash Reconciliation net Change In Cash	10.8%	0.8%	-0.5%	-0.0%	-14.5%	15.3%	0.0%	0.8%	-0.2%	-1.2%
Cash Reconciliation Cash At Beginning of Period	14.1%	3.4%	2.6%	3.0%	3.1%	18.3%	3.0%	3.0%	2.3%	2.5%
Cash Reconciliation Cash At End of Period	14.1%	3.4%	2.6%	3.0%	3.1%	18.3%	3.0%	3.0%	2.3%	2.5%

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	+21.2%	+21.3%	+17.1%	+22.3%	+24.3%	+22.4%	+23.0%	+17.0%	+82.4%	+82.3%
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%	+8.5%	+6.4%	+9.4%	+10.5%	+12.1%	+15.4%	+10.6%	+16.8%	+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	2.29x	2.26x	2.56x	2.66x	2.88x	3.01x	2.96x	3.17x	4.03x	7.90x
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	-4d	+43d	+42d	+44d	+47d	+50d	+48d	+50d	-31d	-46d

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Verizon

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