What is Verizon Comms's earnings per share (EPS)?

Verizon Comms (VZ) reported diluted earnings per share of $4.06 for fiscal year 2025. This represents a -1.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Verizon Comms Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Verizon Comms (VZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 48/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Verizon Comms has an operating margin of 21.2%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is down from 21.3% the prior year.

Growth

Verizon Comms's revenue grew a modest 2.5% year-over-year to $138.2B. This slow but positive growth earns a score of 38/100.

Leverage

Verizon Comms carries a low D/E ratio of 1.32, meaning only $1.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Verizon Comms's current ratio of 0.91 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.

Returns

Verizon Comms's ROE of 16.2% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 17.4% the prior year.

Altman Z-Score Distress

1.31

Verizon Comms scores 1.31, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Verizon Comms passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.16x

For every $1 of reported earnings, Verizon Comms generates $2.16 in operating cash flow ($37.1B OCF vs $17.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.4x

Verizon Comms earns $4.4 in operating income for every $1 of interest expense ($29.3B vs $6.7B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$138.2B

YoY+2.5%

5Y CAGR+1.5%

10Y CAGR+0.5%

Verizon Comms generated $138.2B in revenue in fiscal year 2025. This represents an increase of 2.5% from the prior year.

EBITDA

$47.6B

YoY+2.2%

5Y CAGR+0.9%

10Y CAGR+0.2%

Verizon Comms's EBITDA was $47.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.2% from the prior year.

Net Income

$17.2B

YoY-1.9%

5Y CAGR-0.7%

10Y CAGR-0.4%

Verizon Comms reported $17.2B in net income in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

EPS (Diluted)

$4.06

YoY-1.9%

5Y CAGR-1.1%

10Y CAGR-0.7%

Verizon Comms earned $4.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$19.0B

YoY+354.2%

5Y CAGR-3.0%

10Y CAGR+15.6%

Verizon Comms held $19.0B in cash against $139.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.73

YoY+1.9%

5Y CAGR+1.9%

10Y CAGR+2.1%

Verizon Comms paid $2.73 per share in dividends in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Shares Outstanding

4.22B

YoY+0.2%

5Y CAGR+0.4%

10Y CAGR+0.3%

Verizon Comms had 4.22B shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

21.2%

YoY-0.1pp

5Y CAGR-1.3pp

10Y CAGR-2.1pp

Verizon Comms's operating margin was 21.2% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.

Net Margin

12.4%

YoY-0.6pp

5Y CAGR-1.5pp

10Y CAGR-1.2pp

Verizon Comms's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.

Return on Equity

16.2%

YoY-1.2pp

5Y CAGR-9.5pp

10Y CAGR-84.0pp

Verizon Comms's ROE was 16.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

VZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$138.2B+2.5%	$134.8B+0.6%	$134.0B-2.1%	$136.8B+2.4%	$133.6B+4.1%	$128.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$33.8B-0.9%	$34.1B+4.2%	$32.7B+8.7%	$30.1B+5.2%	$28.7B-9.2%	$31.6B
Operating Income	$29.3B+2.0%	$28.7B+25.4%	$22.9B-24.9%	$30.5B-6.1%	$32.4B+12.7%	$28.8B
Interest Expense	$6.7B+0.7%	$6.6B+20.4%	$5.5B+52.9%	$3.6B+3.7%	$3.5B-17.9%	$4.2B
Income Tax	$5.1B+0.7%	$5.0B+2.8%	$4.9B-25.0%	$6.5B-4.1%	$6.8B+21.1%	$5.6B
Net Income	$17.2B-1.9%	$17.5B+50.7%	$11.6B-45.4%	$21.3B-3.7%	$22.1B+24.0%	$17.8B
EPS (Diluted)	$4.06-1.9%	$4.14+50.5%	$2.75-45.7%	$5.06-4.9%	$5.32+23.7%	$4.30

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$36.4B+7.6%	$33.8B-2.0%	$34.5B+3.0%	$33.5B-6.2%	$35.7B+7.1%	$33.3B+1.6%	$32.8B-0.6%	$33.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.4B+33.9%	$7.8B-0.8%	$7.8B-0.8%	$7.9B-4.4%	$8.2B-15.1%	$9.7B+21.0%	$8.0B-1.5%	$8.1B
Operating Income	$5.0B-38.3%	$8.1B-0.8%	$8.2B+2.4%	$8.0B+7.5%	$7.4B+25.2%	$5.9B-24.2%	$7.8B+3.9%	$7.5B
Interest Expense	$1.8B+5.7%	$1.7B+1.5%	$1.6B+0.4%	$1.6B-0.7%	$1.6B-1.7%	$1.7B-1.5%	$1.7B+3.9%	$1.6B
Income Tax	$615.0M-58.2%	$1.5B-1.1%	$1.5B-0.1%	$1.5B+2.5%	$1.5B+63.2%	$891.0M-33.1%	$1.3B-1.6%	$1.4B
Net Income	$2.3B-52.7%	$5.0B-1.1%	$5.0B+2.5%	$4.9B-2.5%	$5.0B+51.4%	$3.3B-28.0%	$4.6B-0.2%	$4.6B
EPS (Diluted)	N/A	$1.17-0.8%	$1.18+2.6%	$1.15	N/A	$0.78-28.4%	$1.090.0%	$1.09

VZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$404.3B+5.1%	$384.7B+1.2%	$380.3B+0.2%	$379.7B+3.6%	$366.6B+15.8%	$316.5B
Current Assets	$56.9B+40.5%	$40.5B+10.1%	$36.8B-2.8%	$37.9B+3.1%	$36.7B-32.7%	$54.6B
Cash & Equivalents	$19.0B+354.2%	$4.2B+103.1%	$2.1B-20.7%	$2.6B-10.8%	$2.9B-86.8%	$22.2B
Inventory	$2.4B+8.6%	$2.2B+9.2%	$2.1B-13.9%	$2.4B-21.8%	$3.1B+70.1%	$1.8B
Accounts Receivable	N/A	N/A	N/A	N/A	$23.8B-0.3%	$23.9B
Goodwill	$22.8B0.0%	$22.8B0.0%	$22.8B-20.3%	$28.7B+0.2%	$28.6B+15.5%	$24.8B
Total Liabilities	$298.5B+5.1%	$284.1B-0.8%	$286.5B-0.3%	$287.2B+1.3%	$283.4B+14.6%	$247.2B
Current Liabilities	$62.4B-3.7%	$64.8B+21.7%	$53.2B+6.1%	$50.2B+6.4%	$47.2B+18.9%	$39.7B
Long-Term Debt	$139.5B+15.0%	$121.4B-11.9%	$137.7B-2.1%	$140.7B-1.9%	$143.4B+16.4%	$123.2B
Total Equity	$105.7B+5.1%	$100.6B+7.2%	$93.8B+1.4%	$92.5B+11.1%	$83.2B+20.1%	$69.3B
Retained Earnings	$94.7B+6.3%	$89.1B+7.5%	$82.9B+0.6%	$82.4B+14.4%	$72.0B+19.1%	$60.5B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$404.3B+4.1%	$388.3B+1.3%	$383.3B+0.8%	$380.4B-1.1%	$384.7B+0.9%	$381.2B+0.5%	$379.1B-0.3%	$380.2B
Current Assets	$56.9B+29.3%	$44.0B+13.3%	$38.8B+4.0%	$37.4B-7.8%	$40.5B-0.3%	$40.6B+6.8%	$38.1B+0.3%	$38.0B
Cash & Equivalents	$19.0B+147.2%	$7.7B+124.3%	$3.4B+52.2%	$2.3B-46.2%	$4.2B-15.9%	$5.0B+105.1%	$2.4B+2.8%	$2.4B
Inventory	$2.4B-9.6%	$2.7B+26.3%	$2.1B-2.7%	$2.2B-2.2%	$2.2B-10.9%	$2.5B+37.0%	$1.8B-11.3%	$2.1B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B0.0%	$22.8B
Total Liabilities	$298.5B+5.9%	$282.0B+1.1%	$278.9B+0.2%	$278.3B-2.0%	$284.1B+0.2%	$283.5B+0.7%	$281.6B-1.0%	$284.4B
Current Liabilities	$62.4B+4.7%	$59.6B-2.3%	$61.0B-0.2%	$61.1B-5.7%	$64.8B+4.8%	$61.8B+1.7%	$60.8B+13.4%	$53.6B
Long-Term Debt	$139.5B+10.2%	$126.6B+2.2%	$123.9B+2.4%	$121.0B-0.3%	$121.4B-5.8%	$128.9B+2.3%	$126.0B-7.4%	$136.1B
Total Equity	$105.7B-0.6%	$106.3B+1.9%	$104.4B+2.3%	$102.0B+1.5%	$100.6B+3.0%	$97.7B+0.1%	$97.5B+1.9%	$95.7B
Retained Earnings	$94.7B-0.6%	$95.3B+2.2%	$93.3B+2.4%	$91.1B+2.3%	$89.1B+2.5%	$87.0B+0.5%	$86.5B+2.1%	$84.7B

VZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$37.1B+0.6%	$36.9B-1.5%	$37.5B+0.9%	$37.1B-6.1%	$39.5B-5.3%	$41.8B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$16.7B+10.8%	-$18.7B+20.3%	-$23.4B+18.2%	-$28.7B+57.3%	-$67.2B-185.6%	-$23.5B
Financing Cash Flow	-$5.6B+67.2%	-$17.1B-16.7%	-$14.7B-71.8%	-$8.5B-203.0%	$8.3B+524.7%	$1.3B
Dividends Paid	$11.5B+2.1%	$11.2B+2.0%	$11.0B+2.0%	$10.8B+3.4%	$10.4B+2.1%	$10.2B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$9.1B-19.1%	$11.3B+25.5%	$9.0B+15.3%	$7.8B-25.4%	$10.4B+5.3%	$9.9B+4.5%	$9.5B+33.9%	$7.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$5.0B-10.9%	-$4.5B-30.6%	-$3.4B+8.4%	-$3.8B+32.5%	-$5.6B-38.9%	-$4.0B-3.6%	-$3.9B+26.3%	-$5.2B
Financing Cash Flow	$7.2B+382.6%	-$2.6B+41.7%	-$4.4B+25.7%	-$5.9B-4.8%	-$5.6B-27.4%	-$4.4B+21.6%	-$5.6B-294.5%	-$1.4B
Dividends Paid	$2.9B+1.9%	$2.9B0.0%	$2.9B0.0%	$2.9B+0.2%	$2.9B+1.7%	$2.8B0.0%	$2.8B+0.2%	$2.8B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	21.2%-0.1pp	21.3%+4.2pp	17.1%-5.2pp	22.3%-2.0pp	24.3%+1.8pp	22.4%
Net Margin	12.4%-0.6pp	13.0%+4.3pp	8.7%-6.9pp	15.5%-1.0pp	16.5%+2.6pp	13.9%
Return on Equity	16.2%-1.2pp	17.4%+5.0pp	12.4%-10.6pp	23.0%-3.5pp	26.5%+0.8pp	25.7%
Return on Assets	4.3%-0.3pp	4.5%+1.5pp	3.0%-2.6pp	5.6%-0.4pp	6.0%+0.4pp	5.6%
Current Ratio	0.91+0.3	0.63-0.1	0.69-0.1	0.75-0.0	0.78-0.6	1.38
Debt-to-Equity	1.32+0.1	1.21-0.3	1.47-0.1	1.52-0.2	1.72-0.1	1.78
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	13.8%-10.2pp	24.0%+0.3pp	23.7%-0.2pp	23.8%+3.0pp	20.8%+3.0pp	17.8%-6.1pp	23.8%+1.0pp	22.8%
Net Margin	6.4%-8.2pp	14.6%+0.1pp	14.5%-0.1pp	14.6%+0.5pp	14.0%+4.1pp	9.9%-4.1pp	14.0%+0.1pp	14.0%
Return on Equity	2.2%-2.4pp	4.7%-0.1pp	4.8%0.0pp	4.8%-0.2pp	5.0%+1.6pp	3.4%-1.3pp	4.7%-0.1pp	4.8%
Return on Assets	0.6%-0.7pp	1.3%-0.0pp	1.3%+0.0pp	1.3%-0.0pp	1.3%+0.4pp	0.9%-0.3pp	1.2%0.0pp	1.2%
Current Ratio	0.91+0.2	0.74+0.1	0.64+0.0	0.61-0.0	0.63-0.0	0.66+0.0	0.63-0.1	0.71
Debt-to-Equity	1.32+0.1	1.190.0	1.190.0	1.19-0.0	1.21-0.1	1.32+0.0	1.29-0.1	1.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Verizon Comms's annual revenue?

Verizon Comms (VZ) reported $138.2B in total revenue for fiscal year 2025. This represents a 2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Verizon Comms's revenue growing?

Verizon Comms (VZ) revenue grew by 2.5% year-over-year, from $134.8B to $138.2B in fiscal year 2025.

Is Verizon Comms profitable?

Yes, Verizon Comms (VZ) reported a net income of $17.2B in fiscal year 2025, with a net profit margin of 12.4%.

What is Verizon Comms's EBITDA?

Verizon Comms (VZ) had EBITDA of $47.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Verizon Comms have?

As of fiscal year 2025, Verizon Comms (VZ) had $19.0B in cash and equivalents against $139.5B in long-term debt.

What is Verizon Comms's operating margin?

Verizon Comms (VZ) had an operating margin of 21.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Verizon Comms's net profit margin?

Verizon Comms (VZ) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Verizon Comms pay dividends?

Yes, Verizon Comms (VZ) paid $2.73 per share in dividends during fiscal year 2025.

What is Verizon Comms's return on equity (ROE)?

Verizon Comms (VZ) has a return on equity of 16.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Verizon Comms's operating cash flow?

Verizon Comms (VZ) generated $37.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Verizon Comms's total assets?

Verizon Comms (VZ) had $404.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Verizon Comms have outstanding?

Verizon Comms (VZ) had 4.22B shares outstanding as of fiscal year 2025.

What is Verizon Comms's current ratio?

Verizon Comms (VZ) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Verizon Comms's debt-to-equity ratio?

Verizon Comms (VZ) had a debt-to-equity ratio of 1.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Verizon Comms's return on assets (ROA)?

Verizon Comms (VZ) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Verizon Comms's Altman Z-Score?

Verizon Comms (VZ) has an Altman Z-Score of 1.31, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Verizon Comms's Piotroski F-Score?

Verizon Comms (VZ) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Verizon Comms's earnings high quality?

Verizon Comms (VZ) has an earnings quality ratio of 2.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Verizon Comms cover its interest payments?

Verizon Comms (VZ) has an interest coverage ratio of 4.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Verizon Comms?

Verizon Comms (VZ) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.