Verizon Communications Overview

Company: Verizon Communications
CEO: Hans E. Vestberg
Founded: Oct 7, 1983
Symbol: VZ
Exchange: NYSE
Industry: Telecommunications Services
Sector: Communication Services
About

Verizon Communications, through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment,luding smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products,luding private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications in June 2000. Verizon Communications wasorporated in 1983 and is headquartered in New York, New York.

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Verizon Communications (VZ)

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44.23 -15.04 -25.38%
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Frequently Asked Questions

When was Verizon Communications founded?

Verizon Communications was founded on Oct 7, 1983, which makes the company 41 years old.

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Who is the CEO of Verizon Communications?

Hans E. Vestberg 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 99,600 employees.

What is the revenue of Verizon Communications?

In fiscal year 2024, Verizon Communications generated a revenue of $134.79 Billion.

What is the net income of Verizon Communications?

In fiscal year 2024, Verizon Communications reported a net income of $17.51 Billion.

What is Verizon Communications's biggest product segment?

Verizon Consumer Group is Verizon Communications's biggest product segment, representing 76.2% 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 41 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 $44.25 as of Aug 29, 2025.

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 #80among 30,373 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.