VERIZON COMMUNICATIONS INC (VZ) financials
Telecom · CIK 0000732712 · fiscal years FY2021–FY2025
In fiscal year 2025 (ending Dec 2025), VERIZON COMMUNICATIONS INC (VZ) reported $138.19B in revenue and $17.17B in net income, a net profit margin of 12.4%. Revenue changed +2.5% versus FY2024. Operating margin was 21.2%. Over FY2021–FY2025, revenue grew at a 0.8% compound annual rate. All figures are from VERIZON COMMUNICATIONS INC's SEC 10-K filings.
Source: SEC EDGAR, CIK 0000732712. Data as of 2026-06-18.
Key ratios (FY2025)
| Metric | Value | Basis |
|---|---|---|
| Net profit margin | 12.4% | Net income ÷ revenue |
| Operating margin | 21.2% | Operating income ÷ revenue |
| R&D intensity | — | R&D expense ÷ revenue |
| Revenue YoY growth | +2.5% | vs FY2024 |
| Revenue CAGR (4y) | 0.8% | FY2021 → FY2025 |
Source: SEC EDGAR. Data as of 2026-06-18.
Annual financials by fiscal year
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $133.61B | $136.84B | $133.97B | $134.79B | $138.19B |
| Net income | $22.07B | $21.26B | $11.61B | $17.51B | $17.17B |
| Operating income | $32.45B | $30.47B | $22.88B | $28.69B | $29.26B |
| R&D expense | — | — | — | — | — |
| Total assets | $366.60B | $379.68B | $380.25B | $384.71B | $404.26B |
| Total liabilities | — | — | — | — | — |
| Shareholders' equity | — | — | — | — | — |
| Cash & equivalents | $2.92B | $2.60B | $2.06B | $4.19B | $19.05B |
| Diluted EPS | 5.32 | 5.06 | 2.75 | 4.14 | 4.06 |
| Revenue YoY growth | — | +2.4% | −2.1% | +0.6% | +2.5% |
Source: SEC EDGAR — VERIZON COMMUNICATIONS INC 10-K filings (CIK 0000732712). Data as of 2026-06-18. Revenue concept: Revenues.
How to read these figures
Revenue is the top line; operating income is profit from core operations before interest and tax; net income is the bottom line after every expense. The profit-margin calculator turns these into margins, and the revenue CAGR calculator annualises multi-year growth. For background, see revenue vs operating income vs net income and how to read a 10-K.
Frequently asked questions
What was VERIZON COMMUNICATIONS INC's revenue in FY2025?
VERIZON COMMUNICATIONS INC reported $138.19B in revenue for fiscal year 2025 (period ending Dec 2025), per its SEC 10-K filing. That is +2.5% versus FY2024.
What is VERIZON COMMUNICATIONS INC's net profit margin?
In FY2025, VERIZON COMMUNICATIONS INC earned $17.17B of net income on $138.19B of revenue — a net profit margin of 12.4%.
How fast has VERIZON COMMUNICATIONS INC's revenue grown?
Between FY2021 and FY2025, VERIZON COMMUNICATIONS INC's revenue grew at a compound annual rate (CAGR) of 0.8%.
Where does this VERIZON COMMUNICATIONS INC financial data come from?
All figures are taken from VERIZON COMMUNICATIONS INC's annual 10-K filings on SEC EDGAR (CIK 0000732712), via the SEC XBRL company facts API. They are factual data, not investment advice — verify on SEC EDGAR before relying on them.
Source & verification
Figures are taken from VERIZON COMMUNICATIONS INC's annual 10-K filings on SEC EDGAR (CIK 0000732712), via the EDGAR XBRL company facts API. They are factual data compiled from SEC filings — not investment advice; figures may contain errors or lag the original filing. Verify on SEC EDGAR before relying on them.
Last updated: 2026-06-18