Verizon Communications

VZ · NYSE · USD

$45.92−0.13%−$0.06

Close · October 2, 2026

At a glance

Revenue growth: +2.52%; 2025 vs 2024
Net income growth: −1.90%; 2025 vs 2024
Net margin: 12.4%; 2024: 13.0%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	404,258	384,711	380,255	379,680	366,596	316,481	291,727	264,829	257,143	244,180
Current assets	56,922	40,523	36,814	37,857	36,728	54,594	37,473	34,636	29,913	26,395
Cash and equivalents	19,048	4,194	2,065	2,605	2,921	22,171	2,594	2,745	2,079	2,880
Short-term investments	—	—	—	—	18.0	—	—	—	—	—
Receivables	27,097	26,109	25,085	24,506	24,585	24,650	26,277	25,859	23,493	18,713
Inventory	2,441	2,247	2,057	2,388	3,055	1,796	1,422	1,336	1,034	1,202
Net property, plant and equipment	132,965	132,994	133,036	133,564	127,579	117,364	114,609	89,286	88,568	84,751
Goodwill	22,841	22,841	22,843	28,671	28,603	24,773	24,389	24,614	29,172	27,205
Other intangible assets	167,497	167,742	166,724	161,257	159,296	105,510	104,557	103,905	98,664	95,570
Long-term investments	1,129	1,111	1,214	1,450	1,781	1,835	1,568	1,093	1,539	1,890
Current liabilities	62,370	64,771	53,223	50,171	47,160	39,660	44,868	37,930	33,037	30,340
Accounts payable	12,154	10,425	10,021	8,750	8,040	6,667	7,725	7,232	7,063	7,084
Long-term debt	141,135	123,264	140,018	143,441	143,209	122,948	100,709	105,845	114,055	105,669
Total debt	184,814	171,695	178,597	180,263	178,942	151,327	133,920	113,790	117,358	108,146
Total liabilities	298,517	284,136	286,456	287,217	283,396	247,209	228,892	210,119	212,456	220,148
Total equity (incl. minority)	105,741	100,575	93,799	92,463	83,200	69,272	62,835	54,710	44,687	24,032
Retained earnings	94,744	89,110	82,915	82,380	71,993	60,464	53,147	43,542	35,635	15,059
Minority interest	1,281	1,338	1,369	1,319	1,410	1,430	1,440	1,565	1,591	1,508