VZ · NYSE · Telecommunications Services

Verizon (VZ)

Connects consumers and businesses through wireless, fiber, and fixed wireless broadband.

$46.39
vs last close−1.29 (−2.71%)
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Verizon Communications Inc.VZ
Communication Services

Sells recurring wireless and broadband connectivity to consumers, businesses, governments, and carriers through Verizon Consumer Group and Verizon Business Group. Postpaid wireless anchors the model, while Frontier-expanded fiber and fixed wireless access extend home and business broadband across the United States.

Provides wireless service, devices, and home internet through Verizon Consumer Group, spanning postpaid and prepaid plans, Fios and Frontier fiber, and fixed wireless access. The Frontier acquisition extended the fiber footprint to 31 states and Washington, D.C., widening the base for bundled mobile and home connectivity.

Serves businesses, governments, carriers, and wholesale partners through Verizon Business Group, with mobility, broadband, IoT, security, managed networking, and fleet-management offerings. Operations are concentrated in the United States, while the international enterprise wireline arm is planned to enter an equally owned venture with BT after regulatory approval. The network requires sustained capital investment and depends on licensed spectrum and federal, state, and local telecommunications regulation.

Company facts

CEODaniel H. Schulman
ListedNov 21, 1983
ExchangeNYSE
HeadquartersNew York City, NY
CountryUnited States
Employees89,900
CIK0000732712
ISINUS92343V1044

Market cap$199.09B
EPS (ttm)$3.84
P/E (ttm)12.42
ROE15.5%
P/B1.92
P/S1.43
Dividend yieldDiv yield5.86%
Beta−0.27vs XLC 0.64

Price target$47.00−1.4%Average of 61 analysts
ConsensusHold35 of 61 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 27, 2026Morgan StanleyReiterate
Rating: Target: $50
Rating: Equal WeightTarget: $52
Jul 27, 2026RBC CapitalReiterate
Rating: Target: $45
Rating: Sector PerformTarget: $47
Jul 27, 2026ScotiabankReiterate
Rating: Target: $51.50
Rating: Sector OutperformTarget: $52.50
Jul 27, 2026BarclaysReiterate
Rating: Target: $45
Rating: Equal WeightTarget: $46
Jul 27, 2026Wells FargoReiterate
Rating: Target: $43
Rating: Equal WeightTarget: $47

Next report
Oct 20, 26
in 28 days
EPS estimate
$1.27
Revenue estimate
$34.80B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$1.10$1.19$1.22$1.21$1.09$1.28$1.30Pending
Estimate$1.11$1.15$1.19$1.19$1.05$1.22$1.27$1.27
Surprise−0.9%+3.5%+2.5%+1.7%+3.8%+4.9%+2.4%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$35.68B$33.49B$34.50B$33.80B$36.40B$34.25B$34.25BPending
Estimate$35.34B$33.28B$33.74B$34.26B$36.09B$34.82B$35.16B$34.80B
Surprise+1.0%+0.6%+2.3%−1.3%+0.9%−1.6%−2.6%
Estimate$1.27
ReportedDue Oct 20, 2026
Estimate$34.80B
ReportedDue Oct 20, 2026
View details

Debt to equity181.30%
Current ratio60.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$33.33B$35.68B$33.49B$34.50B$33.82B$36.38B$34.44B$34.25B
Net income$3.31B$5.01B$4.88B$5.00B$4.95B$2.34B$5.05B$3.84B
Net margin9.9%14.0%14.6%14.5%14.6%6.4%14.6%11.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$7.84B$7.42B$7.98B$8.17B$8.11B$5.00B$8.24B$7.18B
YoY growth+3.4%+15.2%+4.6%+4.5%+3.3%−32.6%+3.3%−12.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.75B · Total debt $188.46B · Total assets $410.19B · Shareholders' equity $103.92B

Revenue
$34.25B
Operating income
$7.18B
Net income
$3.84B
View details

Dividend yield
5.86%
Next ex-date
Oct 9, 26
in 17 days
Annual dividend
$2.80
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.6775$0.6775$0.6775$0.69$0.69$0.7075$0.7075$0.7075
Annual yield7.10%6.28%6.45%6.83%6.86%6.01%6.64%6.08%
Ex-dateJan 10Apr 10Jul 10Oct 10Jan 12Apr 10Jul 10Oct 9
Payment dateFeb 3May 1Aug 1Nov 3Feb 2May 1Aug 3Nov 2
View details

Institutions72.02%2.99B shares
3,267 holders · as of Jun 30, 2026
Insiders0.02%937.3K shares
8 holders · as of Sep 16, 2026
Other27.96%1.16B shares
remainder

4.15B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
9.58%398.22Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.23%259.00Mas of Jun 30, 2026
State Street CorpInstitution
5.05%209.68Mas of Jun 30, 2026
Charles Schwab Investment Management IncInstitution
3.08%127.77Mas of Jun 30, 2026
Sixth Street Partners Management Company, L.P.Institution
3.08%127.77Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026Kyle Maladyofficer: EVP and Group CEO-VZ Business−1,100$51.19
Sep 8, 2026Kyle Maladyofficer: EVP and Group CEO-VZ Business−1,100$49.98
Sep 1, 2026Kyle Maladyofficer: EVP and Group CEO-VZ Business−1,100$50.50
Aug 25, 2026Kyle Maladyofficer: EVP and Group CEO-VZ Business−1,100$50.06
Aug 18, 2026Kyle Maladyofficer: EVP and Group CEO-VZ Business−1,100$48.68
View details

  • T-Mobile

    Fastest-growing wireless carrier; dominant FWA provider displacing Verizon.

  • AT&T

    Head-to-head in postpaid wireless, 5G, enterprise, and fiber broadband.

  • Comcast

    Largest U.S. cable broadband operator; wireless MVNO undercutting Verizon.

  • Charter Communications

    Second-largest U.S. cable broadband operator; Spectrum Mobile MVNO challenger.

  • Lumen Technologies

    Enterprise fiber backbone and managed network services rival to Verizon.

Compare

CompanyPriceChange
Verizon$46.39−2.71%$199.09B12.49.11.4−0.7%
T-Mobile$162.84−1.47%$177.28B17.313.01.9+7.9%
AT&T$25.13−1.28%$174.53B8.510.41.4+2.3%
Comcast$22.53−1.77%$81.37B7.46.50.7−1.2%
Charter Communications$118.61−3.84%$16.62B3.22.80.3−1.7%
Lumen Technologies$6.50+0.62%$6.66B0.6−9.3%
Median7.98.50.7−1.2%