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NYSE · Communication Services · Financials

Verizon Communications Inc (VZ) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for VZ. Market data source · as of 2026-06-30.

Section freshness

Price Aug 3, 10:18 AM EDT · Statements Jun 29, 8:00 PM EDT

Financial read

VZ latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$34.25B

-0.7% YoY

Net income

$3.83B

-24.0% QoQ

Net margin

11.20%

Operating margin 20.96%

Balance sheet coverage

VZ balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-06-30

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$410.19B

Liabilities —

Cash / debt

$1.75B

Net cash —

Equity / working capital

$105.20B

Working capital -$24.64B

Financial statements

VZ statement coverage.

Income statement, balance sheet, and cash-flow figures for VZ, with quarterly and annual history in the tables below.

Data last updated

Jun 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual VZ statements, sourced from Market data source · as of 2026-06-30.

Financial statement period

VZ statement history

Market data source · as of 2026-06-30 · Data last updated: Jun 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$34.25B	$7.18B	$3.83B	11.20%	-0.5%	-24.0%
Q1 FY2026	$34.44B	$8.24B	$5.04B	14.65%	-5.3%	+115.4%
Q4 FY2025	$36.38B	$5.00B	$2.34B	6.44%	+7.6%	-52.7%
Q3 FY2025	$33.82B	$8.11B	$4.95B	14.64%	-2.0%	-1.1%
Q2 FY2025	$34.50B	$8.17B	$5.00B	14.50%	+3.0%	+2.5%
Q1 FY2025	$33.48B	$7.98B	$4.88B	14.57%	-6.2%	-2.5%
Q4 FY2024	$35.68B	$7.42B	$5.00B	14.03%	+7.1%	+51.4%
Q3 FY2024	$33.33B	$5.93B	$3.31B	9.92%	+1.6%	-28.0%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total debt	Total equity
Q2 FY2026	$1.75B	$37.57B	$62.21B	$410.19B		$105.20B
Q1 FY2026	$8.37B	$44.72B	$69.88B	$417.88B		$104.62B
Q4 FY2025	$19.05B	$56.92B	$62.37B	$404.26B	$18.62B	$105.74B
Q3 FY2025	$7.71B	$44.01B	$59.56B	$388.33B		$106.34B
Q2 FY2025	$3.44B	$38.85B	$60.95B	$383.29B		$104.36B
Q1 FY2025	$2.26B	$37.35B	$61.07B	$380.36B		$102.04B
Q4 FY2024	$4.19B	$40.52B	$64.77B	$384.71B	$22.63B	$100.58B
Q3 FY2024	$4.99B	$40.64B	$61.82B	$381.16B		$97.67B

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	Net income	Dividends paid	Buybacks
Q2 FY2026	$10.44B	$3.83B	$2.95B	$1.00B
Q1 FY2026	$7.98B	$5.04B	$2.91B	$2.50B
Q4 FY2025	$9.11B	$2.34B	$2.91B
Q3 FY2025	$11.27B	$4.95B	$2.86B
Q2 FY2025	$8.97B	$5.00B	$2.86B	—
Q1 FY2025	$7.78B	$4.88B	$2.86B	—
Q4 FY2024	$10.43B	$5.00B	$2.85B
Q3 FY2024	$9.91B	$3.31B	$2.80B

Valuation and returns

Enterprise value: $196.96B; TECHi computed

Return on equity: 15.37%; Market data source

Return on assets: 3.94%; Market data source

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $138.19B; Annual statement 2025-12-31

Annual income base: $17.17B; Annual statement 2025-12-31

Market cap / annual revenue: 1.44; Live market value divided by annual revenue

Market cap / annual income: 11.57; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue1.43

EV / annual operating income6.73

Market capitalization bridge

Market cap / annual revenue1.44

Market cap / annual income11.57

TTM valuation multiples

TTM revenue: $138.90B; Trailing twelve months

TTM EBIT: $28.53B; TTM operating income

Market cap / TTM revenue: 1.43; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 1.42; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income12.29

EV / TTM EBIT6.90

Revenue, net income, and free cash flow

Revenue$34.25BNet income$3.83B

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY-0.7%

Quarterly margin heatmap

Gross margin

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Q2 FY2026

—

Operating margin

Q1 FY2025

23.83%

Q2 FY2025

23.68%

Q3 FY2025

23.96%

Q4 FY2025

13.75%

Q1 FY2026

23.93%

Q2 FY2026

20.96%

Net margin

Q1 FY2025

14.57%

Q2 FY2025

14.50%

Q3 FY2025

14.64%

Q4 FY2025

6.44%

Q1 FY2026

14.65%

Q2 FY2026

11.20%

Latest quarter expense mix

SG&A$8.98B

Profit bridge

EBIT$7.18B

Pretax income$5.27B

Tax expense$1.32B

Other income statement lines

Income before tax$5.27B

Income tax expense$1.32B

Balance sheet · Q2 FY2026

Cash & equivalents: $1.75B

Total equity: $105.20B

Balance sheet detail

Current assets: $37.57B

Current liabilities: $62.21B

Inventory: $2.04B

Property, plant & equipment: $125.50B

Debt and liquidity

Quick ratioi0.03

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $10.44B

Capital returned: $3.95B; Buybacks + dividends paid

Cash-flow detail

Investing cash flow: -$4.93B

Financing cash flow: -$11.84B

Buybacks: $1.00B

Net buybacks: $1.00B; Repurchases less stock issuance

Dividends paid: $2.95B

Frequently asked

Common questions.

What financial data is available for VZ?

The VZ Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Verizon Communications Inc. Missing modules and empty line items are omitted.

How current are VZ's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Verizon Communications Inc's reported net margin?

Verizon Communications Inc's fresh reported margin field is 11.64%. The Financials page shows the supporting period data currently available for VZ.