Verizon Communications Overview

Company: Verizon Communications
CEO: Daniel H. Schulman
Founded: Oct 7, 1983
Symbol: VZ
Exchange: NYSE
Industry: Telecommunications Services
Sector: Communication Services
About

Verizon Communications operates as a prominent global provider of diverse communication, technology, information, and entertainment solutions, catering to individuals, enterprises, and government entities worldwide through its various divisions. Its Consumer segment focuses on individual customers, supplying a broad spectrum of mobile service options,luding both subscription-based (postpaid) and pay-as-you-go (prepaid) plans. This segment also facilitates internet access for portable devices such as laptop computers and tablets, and offers a variety of wireless hardware, ranging from smartphones and traditional mobile handsets to advanced wireless-enabled gadgets like tablets and smartwatches. Additionally, it delivers essential residential fixed connectivity services, which encompass internet, television, and voice communication. Verizon also extends its network capabilities by providing access to mobile virtual network operators. As of December 31, 2021, this segment reported approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment is dedicated to providing enterprise-level solutions. It offers comprehensive network connectivity products,luding private networking, private cloud integration, virtual and software-defined networking, and high-speed internet access services. This segment further delivers sophisticated internet protocol-based voice and video communication tools, unified communications and collaboration platforms, and specialized customer contact center solutions. Beyond core connectivity, it provides a suite of managed services and data security offerings. Its extensive portfolio also covers domestic and international voice and data services, such as calling, messaging, conferencing, advanced contact center functionalities, and dedicated private line and data access networks. Moreover, the Business segment furnishes customer premises equipment, along with essential installation, maintenance, and on-site support services, and a wide array of Internet of Things (IoT) products and services. By December 31, 2021, this segment had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. Verizon Communications wasorporated in 1983 and holds its corporate headquarters in New York, New York. The company, which was originally known as Bell Atlantic Corporation, officially adopted its current name in June 2000.

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Verizon Communications (VZ)

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Frequently Asked Questions

When was Verizon Communications founded?

Verizon Communications was founded on Oct 7, 1983, which makes the company 42 years old.

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Who is the CEO of Verizon Communications?

Daniel H. Schulman is the CEO of Verizon Communications.

What industry and sector is Verizon Communications in?

Verizon Communications operates in the Telecommunications Services industry and the Communication Services sector.

What are Verizon Communications's CIK, SIC, and ISIN codes?

  • CIK (Central Index Key): 0000732712
  • SIC (Standard Industrial Classification): 4813
  • ISIN (International Securities Identification Number): US92343V1044

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How many employees does Verizon Communications have?

Verizon Communications has 89,900 employees.

What is the revenue of Verizon Communications?

In fiscal year 2025, Verizon Communications generated a revenue of $138.19 Billion.

What is the net income of Verizon Communications?

In fiscal year 2025, Verizon Communications reported a net income of $17.17 Billion.

What is Verizon Communications's biggest product segment?

Verizon Consumer Group is Verizon Communications's biggest product segment, representing 78.61% of its total revenue.

When was Verizon Communications listed on the stock exchange?

Verizon Communications went public on Nov 21, 1983, through its Initial Public Offering (IPO), and it has been 42 years since then.

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What is the ticker symbol of Verizon Communications, and where is it listed?

Verizon Communications's ticker symbol is VZ, and the company is listed on the NYSE stock market exchange.

What is Verizon Communications's current stock price?

Verizon Communications's current stock price is $42.71 as of Jul 14, 2026.

What is Verizon Communications's market capitalization?

As of , Verizon Communications's market cap is .

What is Verizon Communications's ranking in the world?

Ranked #109among 30,341 companies based on market cap.

Who are the top competitors of Verizon Communications?

Competitors of Verizon Communications include AT&T, Comcast Corporation and T-Mobile US, and more.