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	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022
Revenue	34,440	33,821	34,504	33,485	33,330	32,796	32,981	33,336	32,596	32,912	34,241	33,789
Net income	5,045	4,950	5,003	4,879	3,306	4,593	4,602	4,762	4,648	4,909	4,900	5,199
Diluted EPS	1.20	1.17	1.18	1.15	0.78	1.09	1.09	1.13	1.10	1.17	1.17	1.24
Diluted shares	4,210	4,233	4,228	4,226	4,225	4,221	4,219	4,216	4,213	4,211	4,204	4,202
Operating cash flow	7,984	—	—	7,782	—	—	7,084	—	—	8,289	—	—
Cash & equivalents	8,366	7,706	3,435	2,257	4,987	2,432	2,365	4,210	4,803	2,234	2,082	1,857
Total assets	417,882	388,331	383,285	380,364	381,164	379,146	380,158	384,830	379,955	377,716	375,090	370,147
Shareholders' equity	104,622	106,345	104,361	102,037	97,668	97,539	95,726	99,088	96,502	94,219	88,783	87,357

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. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.