Verizon
OverviewSuggest Edit
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.
| Type | Public | |
| Founded | 1983 | |
| HQ | New York, NY, US | Map |
| Website | verizon.com | |
| Overall Culture | D | More |
Key People/Management at Verizon
Hans Vestberg
Chairman and Chief Executive Officer
Guru Gowrappan
Executive Vice President and Group CEO—Verizon Media
Ronan Dunne
Executive Vice President and Group CEO—Verizon Consumer
Tami Erwin
Executive Vice President and Group CEO—Verizon Business
Diego Scotti
Executive Vice President and Chief Marketing Officer
Matthew D. Ellis
Executive Vice President and Chief Financial Officer
Verizon Office Locations
Verizon has offices in New York, Albany, Albuquerque, Alpharetta and in 139 other locations
New York, NY, US (HQ)
1095 6th Ave
Albany, NY, US
Albany, NY, USA
Albuquerque, NM, US
Albuquerque, NM, USA
Alpharetta, GA, US
1 1 Verizon Pl
Ashburn, VA, US
Ashburn, VA, USA
Aurora, CO, US
Aurora, CO, USA
Verizon Financials and Metrics
Verizon Revenue
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 (19-Feb-2021) | 233.6b |
Closing stock price (19-Feb-2021) | 56.5 |
Cash (30-Sept-2020) | 9.0b |
EV | 361.8b |
Verizon's current market capitalization is $233.6 b.
Annual
Quarterly
Annual
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.7b | 8.9b | 14.0b | 5.2b | 9.2b | 14.6b | 4.3b | 9.1b | 13.6b |
Depreciation and Amortization | 4.3b | 8.7b | 13.1b | 4.2b | 8.5b | 12.6b | 4.2b | 8.3b | 12.5b |
Cash From Operating Activities | 6.6b | 16.4b | 26.2b | 7.1b | 15.8b | 26.7b | 8.8b | 23.6b | 32.5b |
Capital Expenditures | (4.6b) | (7.8b) | (12.0b) | (4.3b) | (8.0b) | (12.3b) | (5.3b) | (9.8b) | (14.2b) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 787.8k |
Debt/Equity | 2.6 x |
Debt/Assets | 0.5 x |
Financial Leverage | 5.8 x |
Verizon Operating Metrics
Verizon's Connections, wireless was reported to be 94.1 m in Q3, 2020.
Verizon Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Bluegrass Cellular | October 19, 2020 | |
| TracFone Wireless | September 12, 2020 | $6.90 b |
| Blue Jeans Network | April 16, 2020 | $500 m |
| BlueJeans Network | April 16, 2020 | |
| Jaunt | September 30, 2019 | |
| ProtectWise | March 01, 2019 | |
| Vidder | November 16, 2018 | |
| Moment | April 19, 2018 | |
| Niddel | January 05, 2018 | |
| WideOpenWest - Fiber-Optic Network | December 14, 2017 | $225 m |
Verizon Revenue Breakdown
Verizon revenue breakdown by business segment: 16.4% from Wireless Equipment and 83.6% from Service
Verizon Cybersecurity Score
Verizon Online and Social Media Presence
1.68m Twitter followers
Verizon has 1.68m Twitter Followers. The number of followers has increased 0.6% month over month and increased 0.1% quarter over quarter
Verizon's Trends
Twitter Engagement Stats for @verizon
138.5k
Tweets
602
Following
1.7m
Followers
542
Tweets last 30 days
22.5
Avg. likes per Tweet
77.9%
Tweets with engagement
Verizon Company Culture
Overall Culture
D
60/100
CEO Rating
F
54/100
Compensation
B
81/100
Verizon News and Updates
October 21, 2020
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…
October 20, 2020
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…
October 20, 2020
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.
October 20, 2020
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…
October 20, 2020
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…
October 19, 2020
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…
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 NTT, Altice USA and Deutsche Telekom.
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 139 other locations.
How many offices does Verizon have?
Verizon has 147 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies