VZ Stock - Verizon Communications Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $134.79B | $133.97B | $136.84B | $133.61B | $128.29B |
| Gross Profit | $62.80B | $61.46B | $60.60B | $61.11B | $60.37B |
| Gross Margin | 46.6% | 45.9% | 44.3% | 45.7% | 47.1% |
| Operating Income | $30.60B | $28.83B | $30.47B | $31.96B | $29.87B |
| Net Income | $17.51B | $11.61B | $21.26B | $22.07B | $17.80B |
| Net Margin | 13.0% | 8.7% | 15.5% | 16.5% | 13.9% |
| EPS | $4.15 | $2.76 | $5.06 | $5.32 | $4.30 |
Verizon Communications Inc., 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, including 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, including 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 Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 21st 2025 | BNP Paribas Exane | Downgrade | Neutral | $44 |
| September 2nd 2025 | Goldman | Resumed | Buy | $49 |
| July 10th 2025 | Morgan Stanley | Resumed | Equal Weight | $47 |
| July 7th 2025 | BofA Securities | Resumed | Neutral | $45 |
| April 11th 2025 | Evercore ISI | Upgrade | Outperform | $48 |
| March 12th 2025 | Wolfe Research | Downgrade | Peer Perform | - |
| January 29th 2025 | DZ Bank | Upgrade | Buy | $40 |
| December 10th 2024 | Bernstein | Initiation | Market Perform | $48 |
| October 24th 2024 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| July 1st 2024 | Goldman | Initiation | Buy | $50 |
| March 22nd 2024 | Redburn Atlantic | Upgrade | Neutral | $39← $33 |
| January 31st 2024 | Barclays | Downgrade | Equal Weight | $44 |
| January 24th 2024 | Daiwa Securities | Upgrade | Outperform | $47← $36 |
| January 16th 2024 | Citigroup | Reiterated | Buy | $45← $42 |
| January 4th 2024 | Wolfe Research | Upgrade | Outperform | $46 |
Earnings History & Surprises
VZEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 23, 2026 | $1.06 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.19 | $1.21 | +1.7% | ✓ BEAT |
Q3 2025 | Jul 21, 2025 | $1.19 | $1.22 | +2.5% | ✓ BEAT |
Q2 2025 | Apr 22, 2025 | $1.15 | $1.19 | +3.5% | ✓ BEAT |
Q1 2025 | Jan 24, 2025 | $1.11 | $1.10 | -0.9% | ✗ MISS |
Q4 2024 | Oct 22, 2024 | $1.18 | $1.19 | +0.8% | ✓ BEAT |
Q3 2024 | Jul 22, 2024 | $1.15 | $1.15 | 0.0% | = MET |
Q2 2024 | Apr 22, 2024 | $1.12 | $1.15 | +2.7% | ✓ BEAT |
Q1 2024 | Jan 23, 2024 | $1.07 | $1.08 | +0.9% | ✓ BEAT |
Q4 2023 | Oct 24, 2023 | $1.18 | $1.22 | +3.4% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $1.17 | $1.21 | +3.4% | ✓ BEAT |
Q2 2023 | Apr 25, 2023 | $1.20 | $1.20 | 0.0% | = MET |
Q1 2023 | Jan 24, 2023 | $1.19 | $1.19 | 0.0% | = MET |
Q4 2022 | Oct 21, 2022 | $1.29 | $1.32 | +2.3% | ✓ BEAT |
Q3 2022 | Jul 22, 2022 | $1.32 | $1.31 | -0.8% | ✗ MISS |
Q2 2022 | Apr 22, 2022 | $1.35 | $1.35 | 0.0% | = MET |
Q1 2022 | Jan 25, 2022 | $1.28 | $1.31 | +2.3% | ✓ BEAT |
Q4 2021 | Oct 20, 2021 | $1.36 | $1.41 | +3.7% | ✓ BEAT |
Q3 2021 | Jul 21, 2021 | $1.30 | $1.37 | +5.4% | ✓ BEAT |
Latest News
Kodiak AI shares are trading higher after the company announced a commercial agreement bringing Verizon connectivity and IoT data capabilities to Kodiak's driverless trucking solutions.
📈 PositiveVerizon Business, Kodiak AI Reach Commercial Agreement To Bring Verizon Connectivity, IoT Data To Kodiak's Autonomous Trucking Solutions
📈 PositiveMorgan Stanley Maintains Equal-Weight on Verizon Communications, Lowers Price Target to $47
➖ NeutralVerizon Communications To Record Severance Charge Of $1.6B-$1.8B In Q4 2025; To Eliminate Over 13,000 Positions By December 2025; Expects Significant Reduction In Outsourced Labor Expenses
📉 Negative'BCE Follows Verizon With More Layoffs in Telecom, Media Units'- Bloomberg
📉 Negative'The Federal Communications Commission Voted 3-0 On Thursday To Advance Plans To Auction Key Wireless Spectrum Crucial For Advanced Technology Uses And Aims To Head Off Another Confrontation Between Airlines And Telecom Companies' - Reuters
📈 PositiveWSJ: 'Verizon Begins Laying Off More Than 13,000 Employees'
📉 Negative'Verizon to Cut About 15,000 Jobs'- WSJ
📉 Negative'Verizon chairman Mark Bertolini says the board 'needed to act' to revive company'- CNBC
📉 Negative'Verizon Seeks $10 Billion From Bond Sale Tied to Frontier Deal' - Bloomberg
➖ NeutralVerizon Business Signs New Verizon AI Connect Deal With Amazon Web Services To Offer Network Infrastructure For AI Innovation
📈 PositiveVerizon To Redeem $1.9B In Notes Ahead Of 2026–2027 Maturities As Part Of Debt Management Plan
📈 PositiveJP Morgan Maintains Neutral on Verizon Communications, Lowers Price Target to $47
➖ NeutralTD Cowen Maintains Buy on Verizon Communications, Lowers Price Target to $51
➖ NeutralScotiabank Maintains Sector Perform on Verizon Communications, Raises Price Target to $51
➖ NeutralRBC Capital Maintains Sector Perform on Verizon Communications, Lowers Price Target to $44
➖ NeutralVerizon Says We Will Reduce Our Cost To Serve, Streamline Our Operating Model And Be Much More Capital Efficient; To Fund Our Investments In Growth, We Must Significantly Cut Costs
📈 Positive4 stocks to watch on Wednesday: VZ, FI, BE, BA
➖ NeutralVerizon shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.
📈 PositiveVerizon posts mixed Q3 report, loses 7k subs in consumer segment
📉 NegativeFrequently Asked Questions about VZ
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