# Verizon Communications Inc: overview

VZ · NYSE · CIK 732712 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vz.md) · [Financials](/companies/vz/financials.md) · [Filings](/companies/vz/filings.md) · [Insiders](/companies/vz/insiders.md)

Latest reported revenue: [$34.31bn](/filings/0000732712-26-000052.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:Revenues, accession 0000732712-26-000052).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [35.7 d](/filings/0000732712-26-000007.md) | [33.5](/filings/0000732712-26-000023.md) | [34.5](/filings/0000732712-26-000046.md) | [33.8](/filings/0000732712-26-000052.md) | [36.4 d](/filings/0000732712-26-000007.md) | [34.4](/filings/0000732712-26-000023.md) | [34.3](/filings/0000732712-26-000046.md) | [34.3](/filings/0000732712-26-000052.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [20.8% d](/filings/0000732712-26-000007.md) | [23.8%](/filings/0000732712-26-000023.md) | [23.7%](/filings/0000732712-26-000046.md) | [24.0%](/filings/0000732712-26-000052.md) | [13.8% d](/filings/0000732712-26-000007.md) | [23.9%](/filings/0000732712-26-000023.md) | [21.0%](/filings/0000732712-26-000046.md) | [25.2%](/filings/0000732712-26-000052.md) |
| Net margin | % | [14.0% d](/filings/0000732712-26-000007.md) | [14.6%](/filings/0000732712-26-000023.md) | [14.5%](/filings/0000732712-26-000046.md) | [14.6%](/filings/0000732712-26-000052.md) | [6.4% d](/filings/0000732712-26-000007.md) | [14.6%](/filings/0000732712-26-000023.md) | [11.2%](/filings/0000732712-26-000046.md) | [15.1%](/filings/0000732712-26-000052.md) |
| Diluted EPS | $ per share | not reported | [1.15](/filings/0000732712-26-000023.md) | [1.18](/filings/0000732712-26-000046.md) | [1.17](/filings/0000732712-26-000052.md) | not reported | [1.20](/filings/0000732712-26-000023.md) | [0.92](/filings/0000732712-26-000046.md) | [1.25](/filings/0000732712-26-000052.md) |
| Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [134](/filings/0000732712-24-000010.md) | [137](/filings/0000732712-25-000006.md) | [134](/filings/0000732712-26-000007.md) | [135](/filings/0000732712-26-000007.md) | [138](/filings/0000732712-26-000007.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [24.3%](/filings/0000732712-24-000010.md) | [22.3%](/filings/0000732712-25-000006.md) | [17.1%](/filings/0000732712-26-000007.md) | [21.3%](/filings/0000732712-26-000007.md) | [21.2%](/filings/0000732712-26-000007.md) |
| Net margin | % | [16.5%](/filings/0000732712-24-000010.md) | [15.5%](/filings/0000732712-25-000006.md) | [8.7%](/filings/0000732712-26-000007.md) | [13.0%](/filings/0000732712-26-000007.md) | [12.4%](/filings/0000732712-26-000007.md) |
| Diluted EPS | $ per share | [5.32](/filings/0000732712-24-000010.md) | [5.06](/filings/0000732712-25-000006.md) | [2.75](/filings/0000732712-26-000007.md) | [4.14](/filings/0000732712-26-000007.md) | [4.06](/filings/0000732712-26-000007.md) |
| Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vz/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-27 | [Malady Kyle](/insiders/1760581.md) | EVP and Group CEO-VZ Business, Officer | Sale (S) | 1,100 | $43.00 | $47.3k | [Form 4](/filings/0001760581-26-000075.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $16.86bn | 398,216,158 |  | Added +30,188,559 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $10.97bn | 258,996,106 |  | Reduced −1,188,429 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $8.88bn | 209,676,274 |  | Reduced −5,177,454 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $5.41bn | 127,774,822 |  | Added +14,838,312 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $4.51bn | 106,820,018 |  | Added +611,651 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $3.28bn | 77,434,092 |  | Added +592,523 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $2.98bn | 70,302,870 |  | Reduced −3,765,300 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $2.58bn | 60,860,766 |  | Reduced −1,240,255 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $2.30bn | 54,307,400 |  | New +54,307,400 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $1.86bn | 43,831,966 |  | Reduced −494,592 |

## Recent filings

[All 7,169 filings](/companies/vz/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 09:50 ET | [10-Q](/filings/0000732712-26-000052.md) | Quarterly report, period 2026-09-30 | 0000732712-26-000052 |
| 2026-10-26 | 07:00 ET | [8-K](/filings/0000732712-26-000049.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000732712-26-000049 |
| 2026-09-29 | 16:15 ET | [8-K](/filings/0001193125-26-407520.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-407520 |
| 2026-07-31 | 10:27 ET | [10-Q](/filings/0000732712-26-000046.md) | Quarterly report, period 2026-06-30 | 0000732712-26-000046 |
| 2026-07-24 | 09:07 ET | [8-K](/filings/0001193125-26-315236.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-315236 |
| 2026-07-24 | 07:00 ET | [8-K](/filings/0000732712-26-000040.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000732712-26-000040 |
| 2026-06-29 | 06:24 ET | [8-K](/filings/0001193125-26-286771.md) | 7.01 Regulation FD disclosure | 0001193125-26-286771 |
| 2026-06-17 | 08:07 ET | [8-K](/filings/0001193125-26-273410.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-273410 |
| 2026-06-02 | 08:15 ET | [8-K](/filings/0001193125-26-252577.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-252577 |
| 2026-05-28 | 16:10 ET | [8-K](/filings/0001193125-26-245230.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results | 0001193125-26-245230 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000732712-26-000007.md), filed Feb 17, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/9f3dfd06-45b4-4968-9779-1b68c27892c8)

## About the filer

- CIK: 732712
- Tickers: VZ
- Exchange: NYSE
- SIC code: 4813 Telephone Communications (No Radiotelephone)
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 09:57 ET. No prices; not investment advice.