VERIZON COMMUNICATIONS INC

VZ · CIK 0000732712

19 fiscal years · 74 SEC filings · every number carries its receipt

Revenue (FY)

$138.19B2.5%

FY2025

Net income (FY)

$17.17B1.9%

FY2025

Free cash flow (FY)

$17.68B150.0%

FY2018

Diluted EPS (FY)

$4.061.9%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 1.5× since FY2007 · net margin 5.9% → 12.4%

MarginsNet marginFCF margin

FY2025: net 12.4% · free cash flow 13.5% of revenue

Cash engineOperating cash flowFree cash flow

Returns on capitalReturn on equityReturn on assets

return on equity -3% (FY2008) → 16% (FY2025) · on assets 4.2%

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	138,191	134,788	133,974	136,835	133,613	128,292	131,868	130,863	126,034	125,980	131,620	127,079
Net income	17,174	17,506	11,614	21,256	22,065	17,801	19,265	15,528	30,101	13,127	17,879	9,625
Diluted EPS	4.06	4.14	2.75	5.06	5.32	4.30	4.65	3.76	7.36	3.21	4.37	2.42
Diluted shares	4,231	4,223	4,215	4,204	4,150	4,142	4,140	4,132	4,089	4,086	4,093	3,981
Operating cash flow	37,137	36,912	37,475	37,141	39,539	41,768	35,746	34,339	24,318	21,689	39,027	30,631
Capital expenditures	—	—	—	—	—	—	—	16,658	17,247	17,059	17,775	17,191
Free cash flow	—	—	—	—	—	—	—	17,681	7,071	4,630	21,252	13,440
Cash & equivalents	19,048	4,194	2,065	2,605	2,921	22,171	2,594	2,745	2,079	2,880	4,470	10,598
Total assets	404,258	384,711	380,255	379,680	366,596	316,481	291,727	264,829	257,143	244,180	244,175	232,616
Shareholders' equity	105,741	100,575	93,799	92,463	83,200	69,272	62,835	54,710	44,687	24,032	17,842	13,676

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.