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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Verizon Communications's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$133.61 B | $136.84 B | $133.97 B | $134.79 B | $138.19 B |
| Cost of Revenue |
|
$72.51 B | $76.23 B | $72.51 B | $71.99 B | $75.11 B |
| Gross Profit |
|
$61.11 B | $60.60 B | $61.46 B | $62.80 B | $63.08 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$29.14 B | $30.14 B | $32.63 B | $32.20 B | $33.82 B |
| Operating Expense |
|
$29.14 B | $30.14 B | $32.63 B | $32.20 B | $33.82 B |
| Operating Income |
|
$31.97 B | $30.47 B | $28.83 B | $30.60 B | $29.26 B |
| Net Income |
|
$22.07 B | $21.26 B | $11.61 B | $17.51 B | $17.17 B |
Verizon Communications's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$2.92 B | $2.61 B | $2.07 B | $4.19 B | $19.05 B |
| Inventories |
|
$3.06 B | $2.39 B | $2.06 B | $2.25 B | $2.44 B |
| Total Current Assets |
|
$36.73 B | $37.86 B | $36.81 B | $40.52 B | $56.92 B |
| Property,Plant and Equipment |
|
$127.58 B | $133.56 B | $133.04 B | $132.99 B | $132.97 B |
| Goodwill |
|
$28.60 B | $28.67 B | $22.84 B | $22.84 B | $22.84 B |
| Total Assets |
|
$366.60 B | $379.68 B | $380.26 B | $384.71 B | $404.26 B |
| Total Liabilities |
|
$283.40 B | $287.22 B | $286.46 B | $284.14 B | $298.52 B |
| Retained Earnings |
|
$71.99 B | $82.38 B | $82.92 B | $89.11 B | $94.74 B |
| Total Shareholder Equity |
|
$81.79 B | $91.14 B | $92.43 B | $99.24 B | $104.46 B |
| Common Stock |
|
$429.00 M | $429.00 M | $429.00 M | $429.00 M | $429.00 M |
Verizon Communications's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$16.21 B | $17.10 B | $17.62 B | $17.89 B | $18.35 B |
| Dividends Payout |
|
-$10.45 B | -$10.81 B | -$11.03 B | -$11.25 B | -$11.48 B |
| Capital Expenditures (Capex) |
|
-$20.29 B | -$26.74 B | -$18.77 B | -$17.99 B | -$17.01 B |
| Free Cash Flow (FCF) |
|
$19.25 B | $10.40 B | $18.71 B | $18.92 B | $20.13 B |
Verizon Communications's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$61.11 B | $60.60 B | $61.46 B | $62.80 B | $63.08 B |
| Gross Profit Margin (%) |
|
45.73% | 44.29% | 45.88% | 46.59% | 45.64% |
| Operating Income |
|
$31.97 B | $30.47 B | $28.83 B | $30.60 B | $29.26 B |
| Operating Income Margin (%) |
|
23.92% | 22.27% | 21.52% | 22.71% | 21.17% |
| Net Income |
|
$22.07 B | $21.26 B | $11.61 B | $17.51 B | $17.17 B |
| Net Income Margin (%) |
|
16.51% | 15.53% | 8.67% | 12.99% | 12.43% |
| EBITDA |
|
$49.12 B | $48.95 B | $40.14 B | $47.52 B | $47.72 B |
| EBITDA Margin (%) |
|
36.77% | 35.77% | 29.96% | 35.26% | 34.53% |
Verizon Communications's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
26.98% | 23.32% | 12.57% | 17.64% | 16.24% |
| Return on Assets (ROA) |
|
6.02% | 5.60% | 3.05% | 4.55% | 4.25% |
| Debt to Equity |
|
217.54% | 193.46% | 189.27% | 169.65% | 192.03% |
| Debt to total asset |
|
48.54% | 46.44% | 46.01% | 43.76% | 49.62% |
| Enterprise value to revenue |
|
2.92 | 2.48 | 2.48 | 2.47 | 2.42 |
| Enterprise value to EBITDA |
|
7.95 | 6.93 | 8.26 | 7.00 | 7.01 |
| Enterprise value |
|
$390.54 B | $339.28 B | $331.63 B | $332.84 B | $334.72 B |
| Tax Rate (%) |
|
23.12% | 23.07% | 28.80% | 21.89% | 22.34% |





