Verizon Communications Inc.
- Open
- 43.28
- Day high
- 43.66
- Day low
- 43.14
- Prev close
- 43.59
- Volume
- 19.6M
- Mkt cap
- $181.6B
- P/E (TTM)
- 10.6
- EPS (TTM)
- $4.10
- P/B
- 1.8
- P/S
- 1.3
- Yield
- 3.25%
- Per share
- $1.42
- ▼Insiders net selling -$3.5M over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Verizon Communications Inc. (VZ) is a Communication Services company listed on NYSE. The stock is up 2% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Verizon Communications Inc. (VZ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
VZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $1.21 | $1.28 | +5.8% | $34.4B | -1.2% |
| Jan 30, 2026 | $1.05 | $1.09 | +3.8% | $36.4B | +0.8% |
| Oct 29, 2025 | $1.19 | $1.21 | +1.7% | $33.8B | -1.3% |
| Jul 21, 2025 | $1.19 | $1.22 | +2.5% | $34.5B | +2.3% |
| Apr 22, 2025 | $1.15 | $1.19 | +3.5% | $33.5B | +0.6% |
| Jan 24, 2025 | $1.11 | $1.10 | -0.9% | $35.7B | +1.0% |
| Oct 22, 2024 | $1.18 | $1.19 | +0.8% | $33.3B | -0.3% |
| Jul 22, 2024 | $1.15 | $1.15 | +0.0% | $32.8B | -0.8% |
| Jan 23, 2024 | $1.07 | $1.08 | +0.9% | $35.1B | +1.6% |
| Jul 25, 2023 | $1.17 | $1.21 | +3.4% | $32.6B | -2.1% |
| Jan 24, 2023 | $1.19 | $1.19 | +0.0% | $35.3B | +0.5% |
| Oct 21, 2022 | $1.29 | $1.32 | +2.3% | $34.2B | +1.4% |
VZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 17, 2026 | Villanueva Rodriguez Alfonsoofficer: Executive Vice President | Grant | 83 | — |
| Jul 17, 2026 | Venkatesh Vandanaofficer: EVP and Chief Legal Officer | Grant | 102 | — |
| Jul 17, 2026 | Malady Kyleofficer: EVP and Group CEO-VZ Business | Grant | 139 | — |
| Jul 17, 2026 | Skiadas Anthony Tofficer: EVP and CFO | Grant | 139 | — |
| Jul 17, 2026 | Stillwell Mary-Leeofficer: SVP and Controller | Grant | 47 | — |
| Jul 17, 2026 | Russo Joseph J.officer: EVP&Pres-Global Networks&Tech | Grant | 88 | — |
| Jul 17, 2026 | SCHULMAN DANIEL Hdirector, officer: CEO | Grant | 212 | — |
| Jul 9, 2026 | Villanueva Rodriguez Alfonsoofficer: Executive Vice President | Grant | 47,754 | — |
| Jul 6, 2026 | Villanueva Rodriguez Alfonsoofficer: EVP&Int.Group CEO-VZ Cons.&CTO | Grant | 87 | — |
| Jul 6, 2026 | SCHULMAN DANIEL Hdirector, officer: CEO | Grant | 222 | — |
| Jul 6, 2026 | Stillwell Mary-Leeofficer: SVP and Controller | Grant | 49 | — |
| Jul 6, 2026 | Russo Joseph J.officer: EVP&Pres-Global Networks&Tech | Grant | 92 | — |
| Jul 6, 2026 | Skiadas Anthony Tofficer: EVP and CFO | Grant | 145 | — |
| Jul 6, 2026 | Malady Kyleofficer: EVP and Group CEO-VZ Business | Grant | 145 | — |
| Jul 6, 2026 | Venkatesh Vandanaofficer: EVP and Chief Legal Officer | Grant | 106 | — |
Source: VZ SEC Form 4 filings, latest Jul 17, 2026. For informational purposes only — not investment advice.
See the full VZ insider & 13F page →Verizon Communications Inc. company profile
Overview
Verizon Communications Inc. (NYSE:VZ) is one of the largest telecommunications companies in the United States, tracing its roots back to Bell Atlantic Corporation, which was incorporated in 1983 as part of the breakup of the original AT&T monopoly. The company adopted its current name in June 2000 following its merger with GTE Corporation. Headquartered in New York, Verizon has evolved from a traditional telephone company into a comprehensive communications and technology provider, serving over 115 million wireless retail connections and millions of broadband customers across the United States. The company operates through two primary segments: Consumer, which provides wireless and residential services to individual customers, and Business, which offers enterprise communications solutions to companies and government entities.
Business
Verizon operates in the telecommunications services industry, providing essential communication infrastructure and services that connect people, businesses, and devices across the United States. The telecommunications industry serves as the backbone of modern digital communication, enabling everything from basic phone calls to high-speed internet access, video streaming, and emerging technologies like Internet of Things (IoT) devices. The company's operations are divided into two main business segments. The Consumer segment represents the majority of Verizon's revenue and includes wireless services (both postpaid and prepaid plans), residential broadband internet, video services, and voice services. This segment serves individual consumers and families with products like smartphone plans, home internet through both fiber-optic (Fios) and fixed wireless access technologies, and various digital entertainment services. The Consumer segment generates approximately 70-75% of total company revenue. The Business segment focuses on serving enterprise customers, small and medium businesses, and government entities. This segment provides network connectivity solutions, private networking services, cloud connectivity, cybersecurity services, Internet of Things solutions, and unified communications tools. Business customers often require more sophisticated and customized solutions compared to individual consumers, including private 5G networks, dedicated fiber connections, and comprehensive managed services. The Business segment accounts for roughly 25-30% of total revenue. Verizon's core infrastructure includes one of the nation's most extensive wireless networks, utilizing various spectrum bands including low-band, mid-band (C-Band), and high-band (millimeter wave) frequencies to provide 5G coverage. The company also operates a significant fiber-optic network called Fios, which provides high-speed internet and video services to residential and business customers in select markets. Additionally, Verizon has been expanding its fixed wireless access service, which uses cellular technology to provide broadband internet to homes and businesses, particularly in areas where traditional cable or fiber infrastructure may be limited.
Revenue model
Verizon generates revenue primarily through recurring monthly service fees from its wireless and broadband customers, representing a subscription-based business model that provides relatively predictable cash flows. The company's wireless services include monthly plans for voice, text, and data services, with customers typically signing up for postpaid plans (billed monthly after service) or prepaid plans (paid in advance). Postpaid customers generally provide higher average revenue per user and lower churn rates, making them more valuable to the company. The company also generates revenue from equipment sales, including smartphones, tablets, and other connected devices, though these sales typically operate at lower margins and are often subsidized to attract and retain customers. Additionally, Verizon earns revenue from business services such as private network solutions, managed services, cybersecurity offerings, and Internet of Things connectivity, which often command premium pricing due to their specialized nature. Several factors influence Verizon's profitability and margins. Positive factors include the company's extensive network infrastructure that creates barriers to entry, the essential nature of telecommunications services that supports pricing power, and the ongoing transition to higher-value 5G services and applications. The company's scale advantages allow it to spread network investment costs across a large customer base, and its strong brand recognition helps maintain customer loyalty and reduce acquisition costs. Negative factors that can pressure margins include intense competition from other major carriers like AT&T and T-Mobile, which can lead to promotional pricing and increased customer acquisition costs. The telecommunications industry requires massive ongoing capital investments to maintain and upgrade network infrastructure, particularly with the deployment of 5G technology and spectrum acquisitions. Economic downturns can impact customer spending on premium services and devices, while regulatory changes and spectrum auction costs can create additional financial burdens. The company also faces pressure from technological disruption, such as the potential for satellite-based internet services to compete with traditional terrestrial networks.
Competitive moat
Verizon possesses a moderately strong economic moat primarily built on network infrastructure advantages and high customer switching costs, though this moat faces ongoing challenges from technological change and intense competition. The company's most significant competitive advantage lies in its extensive physical network infrastructure, which represents billions of dollars in sunk costs that would be extremely difficult and expensive for new entrants to replicate. This includes cell towers, fiber-optic cables, spectrum licenses, and switching equipment distributed across the United States. The telecommunications industry benefits from high switching costs for customers, as changing carriers often involves the hassle of transferring phone numbers, potential early termination fees, and the risk of service disruption. Additionally, many customers are locked into multi-year device financing agreements that create financial barriers to switching. Verizon's reputation for network quality and reliability, consistently ranked among the top carriers in independent studies, provides additional customer retention benefits. However, Verizon's moat is not impregnable and faces several challenges. The wireless telecommunications industry is essentially an oligopoly with three major players (Verizon, AT&T, and T-Mobile), leading to intense price competition and promotional activities that can erode margins. The commoditization of basic wireless services has reduced differentiation opportunities, forcing carriers to compete primarily on price and network coverage. Technological disruption poses a long-term threat, particularly from satellite-based internet services like Starlink, which could potentially bypass traditional cellular infrastructure for certain use cases. The company's moat strength varies by market segment, with stronger positioning in premium postpaid services and enterprise solutions where network quality and reliability command premium pricing. In prepaid and value segments, the moat is weaker due to increased price sensitivity and lower switching costs. Overall, while Verizon maintains competitive advantages, the moat is under pressure from industry dynamics and technological change, requiring continuous investment in network capabilities and service innovation to maintain its position.
Risks & safety
Verizon presents a moderate margin of safety profile, characterized by stable cash flows but elevated debt levels typical of capital-intensive telecommunications companies. • **Debt and Solvency**: Net unsecured debt-to-adjusted EBITDA ratio of 2.3x as of Q4 2024, which is manageable but reflects the capital-intensive nature of the business. Total debt-to-equity ratio of approximately 1.7x indicates significant leverage but within industry norms. • **Cash Generation**: Strong free cash flow generation of $18.9 billion in 2024, providing substantial coverage for the annual dividend of approximately $11 billion. Operating cash flow of $36.9 billion demonstrates robust underlying cash generation capabilities. • **Valuation Metrics**: Trading at reasonable multiples with P/E ratio around 9.6x and EV/EBITDA of approximately 7.0x, suggesting the stock is not overvalued relative to earnings and cash flow generation. • **Dividend Sustainability**: Dividend yield of approximately 6.5% covered by free cash flow, with 18 consecutive years of dividend increases demonstrating management's commitment to shareholder returns. • **Other Considerations**: Current ratio of 0.63x indicates potential short-term liquidity concerns, though this is partially offset by strong operating cash flow generation and access to credit markets. The company maintains investment-grade credit ratings, providing access to capital markets at reasonable costs.
Recent development
Over the past few years, Verizon has undergone significant strategic transformation focused on network modernization, service diversification, and operational efficiency. The company has made substantial investments in 5G network deployment, particularly through C-Band spectrum utilization, which now carries nearly 50% of network traffic and provides enhanced capacity and speed capabilities. This network upgrade has enabled the expansion of fixed wireless access services, which has grown to nearly 4.6 million subscribers by the end of 2024, generating over $2.1 billion in annual revenue. A key strategic initiative has been the development of artificial intelligence capabilities through the launch of Verizon AI Connect, representing a three-pronged approach to enhance customer experiences, personalize products and solutions, and connect to the broader AI ecosystem. Management estimates this initiative addresses a potential total addressable market of over $40 billion, with more than $1 billion currently in the sales pipeline. The company has also focused on private network solutions for enterprise customers, leveraging 5G technology to provide dedicated connectivity for businesses and government entities. Verizon has implemented significant cost transformation initiatives, reducing its workforce by nearly 20,000 employees over three years while investing in automation and operational efficiency. The company launched new customer-centric offerings including myPlan for wireless services and myHome for residential services, designed to provide more flexible and personalized service options. Additionally, Verizon has been expanding its fiber network reach with plans to increase open-for-sale locations and has announced the pending acquisition of Frontier Communications to enhance its broadband capabilities and expand its addressable market to 35-40 million fiber passings.
VZ company profile · for informational purposes only — not investment advice.
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