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Verizon Communications (formerly Bell Atlantic) is a company providing communications, information, and entertainment products and services. It operates as 2 strategic business units: Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment offers wireless and wireline communications services and equipment as well as sells residential fixed connectivity solutions, including Internet, video and voice services, and wireless network access to resellers on a wholesale basis. The Business segment provides wireless and wireline products and services organized by the primary customer groups: Global Enterprise, Small and Medium Business, Public Sector and Other, and Wholesale. It also commercializes communications products and enhanced services, including video and data services, corporate networking solutions, security and managed network services, local and long-distance voice services, and network access to deliver various IoT products and services.
TypePublic
Founded1983
HQNew York, US
Websiteverizon.com

Latest Updates

Employees (est.) (Jun 2020)135,300
Job Openings1,110
Revenue (FY, 2019)$131.9 B
Share Price (Nov 2020)$60.8
Cybersecurity ratingFMore

Key People/Management at Verizon

Hans Vestberg

Hans Vestberg

Chairman and Chief Executive Officer
Guru Gowrappan

Guru Gowrappan

Executive Vice President and Group CEO—Verizon Media
Ronan Dunne

Ronan Dunne

Executive Vice President and Group CEO—Verizon Consumer
Tami Erwin

Tami Erwin

Executive Vice President and Group CEO—Verizon Business
Diego Scotti

Diego Scotti

Executive Vice President and Chief Marketing Officer
Matthew D. Ellis

Matthew D. Ellis

Executive Vice President and Chief Financial Officer
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Verizon Office Locations

Verizon has offices in New York, Albany, Albuquerque, Alpharetta and in 140 other locations
New York, US (HQ)
1095 6th Ave
Albany, US
Albany, NY, USA
Albuquerque, US
Albuquerque, NM, USA
Alpharetta, US
1 1 Verizon Pl
Ashburn, US
Ashburn, VA, USA
Aurora, US
Aurora, CO, USA
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Verizon Financials and Metrics

Verizon Revenue

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Verizon's revenue was reported to be $131.87 b in FY, 2019 which is a 0.8% increase from the previous period.
USD

Revenue (Q3, 2020)

31.5b

Gross profit (Q3, 2020)

19.2b

Gross profit margin (Q3, 2020), %

60.9%

Net income (Q3, 2020)

4.5b

EBIT (Q3, 2020)

7.7b

Market capitalization (12-Nov-2020)

251.6b

Closing stock price (12-Nov-2020)

60.8

Cash (30-Sept-2020)

9.0b

EV

379.8b
Verizon's current market capitalization is $251.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

126.0b130.9b131.9b

Revenue growth, %

4%1%

Cost of goods sold

51.6b55.5b54.7b

Gross profit

74.5b75.4b77.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

31.8b32.2b32.6b32.1b32.1b32.9b31.6b30.4b31.5b

Cost of goods sold

13.3b13.6b13.3b13.0b12.7b13.4b12.3b11.7b12.3b

Gross profit

18.5b18.6b19.3b19.1b19.4b19.5b19.3b18.7b19.2b

Gross profit Margin, %

58%58%59%60%60%59%61%61%61%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

2.1b2.7b2.6b

Accounts Receivable

23.5b25.1b25.4b

Prepaid Expenses

3.3b5.5b8.0b

Inventories

1.0b1.3b1.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.9b1.8b2.5b2.3b1.9b3.0b7.0b7.9b9.0b

Accounts Receivable

22.6b23.1b24.0b24.5b24.9b24.7b23.8b22.7b22.6b

Prepaid Expenses

5.2b4.9b5.3b5.2b5.3b5.6b8.2b5.5b5.5b

Inventories

1.3b1.1b1.3b1.4b1.2b1.5b1.6b1.3b1.5b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

30.6b16.0b19.8b

Depreciation and Amortization

17.0b17.4b16.7b

Inventories

168.0m(324.0m)(76.0m)

Accounts Payable

(335.0m)1.8b(2.4b)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

4.7b8.9b14.0b5.2b9.2b14.6b4.3b9.1b13.6b

Depreciation and Amortization

4.3b8.7b13.1b4.2b8.5b12.6b4.2b8.3b12.5b

Cash From Operating Activities

6.6b16.4b26.2b7.1b15.8b26.7b8.8b23.6b32.5b

Capital Expenditures

(4.6b)(7.8b)(12.0b)(4.3b)(8.0b)(12.3b)(5.3b)(9.8b)(14.2b)
USDFY, 2017

EV/EBIT

12.1 x

EV/CFO

13.1 x

EV/FCF

41.1 x

Revenue/Employee

787.8k

Debt/Equity

2.6 x

Debt/Assets

0.5 x

Financial Leverage

5.8 x

P/E Ratio

7.2
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Verizon Acquisitions / Subsidiaries

Company NameDateDeal Size
Blue Jeans NetworkApril 16, 2020$500 m
VidderNovember 16, 2018
MomentApril 19, 2018
NiddelJanuary 05, 2018
WideOpenWest - Fiber-Optic NetworkDecember 14, 2017$225 m
Straight Path CommunicationsMay 11, 2017$3.10 b
SkywardFebruary 16, 2017
LQD WiFiNovember 24, 2016
VesselOctober 26, 2016
Sensity SystemsSeptember 12, 2016
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Verizon Revenue Breakdown

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Verizon revenue breakdown by business segment: 16.4% from Wireless Equipment and 83.6% from Service

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Verizon Cybersecurity Score

Cybersecurity ratingPremium dataset

F

47/100

SecurityScorecard logo

Verizon Online and Social Media Presence

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Verizon News and Updates

Verizon reports strong Q3 financial results, increases guidance

$1.05 in earnings per share (EPS), compared with $1.25 in 3Q 2019; adjusted EPS (non-GAAP), excluding a special item, of $1.25, compared with $1.25 in 3Q 2019. Operating revenue decline of 4.1 percent from third-quarter 2019. Year-to-date cash flow from operations of $32.5 billion, an increase of…

Verizon Business takes Private 5G global

Verizon Business today announced the launch of its international private 5G platform for global enterprises located in Europe and the Asia-Pacific region. Delivered in partnership with Nokia, the offering will enable businesses to deploy a private industrial grade dedicated 5G network capability wi…

Verizon Communications to report earnings October 21, 2020

Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report third quarter 2020 earnings on Wednesday, October 21. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time.

Verizon customers get access to rare Pokémon and avatar masks in new Pokémon GO deal

Today, Verizon expanded its partnership with Niantic, the developer of Pokémon GO, to make mobile gaming more interactive and rewarding for Verizon wireless customers. The companies have teamed with industry leaders to create a new planet-scale platform that paves the way for immersive AR experience…

Verizon, Ericsson and Qualcomm first in the world to achieve 5G peak speed of 5.06 Gbps

On the heels of Verizon’s news last week about advancing both the deployment of 5G and innovations in the technology, Verizon, Ericsson and Qualcomm Technologies, Inc. have teamed up to continue driving development forward by being the first in the world to demonstrate 5G peak speeds of 5.06 Gbps. U…

Verizon Teams with Microsoft to Offer Private 5G Mobile Edge Computing

Verizon is joining forces with Microsoft Corp. to create new ways for enterprises to accelerate the delivery of fast and secure 5G applications, benefiting from reliable and low latency connections. Verizon’s on-site 5G Edge network integrated with Azure edge services can enable ultra-low latency, m…
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Verizon Frequently Asked Questions

  • When was Verizon founded?

    Verizon was founded in 1983.

  • Who are Verizon key executives?

    Verizon's key executives are Hans Vestberg, Guru Gowrappan and Ronan Dunne.

  • How many employees does Verizon have?

    Verizon has 135,300 employees.

  • What is Verizon revenue?

    Latest Verizon annual revenue is $131.9 b.

  • What is Verizon revenue per employee?

    Latest Verizon revenue per employee is $974.6 k.

  • Who are Verizon competitors?

    Competitors of Verizon include Altice USA, Deutsche Telekom and Lumen.

  • Where is Verizon headquarters?

    Verizon headquarters is located at 1095 6th Ave, New York.

  • Where are Verizon offices?

    Verizon has offices in New York, Albany, Albuquerque, Alpharetta and in 140 other locations.

  • How many offices does Verizon have?

    Verizon has 148 offices.