Verizon
OverviewSuggest Edit
Verizon Communications (formerly known as Bell Atlantic) is a company providing communications, information, and entertainment products and services. It operates through two segments: 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 | B- | More |
Recent NewsAll News
- Verizon helps make internet accessible for millions through Affordable Connectivity Program
- Verizon Frontline supports NM, AZ first responders battling wildfires
- Extreme Teams up with Verizon Business to Refashion Old Trafford Stadium with Fast and Reliable Connectivity
- RSCC, Verizon to host free STEM programs for middle school students
Key People/Management at Verizon
Hans E. Vestberg
Chairman and Chief Executive Officer
Diana Scudder
VP of Network & Field Operations
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, Ashburn and in 140 other locations
New York, NY, US (HQ)
1095 6th Ave
Albany, NY, US
Albany, NY, USA
Albuquerque, NM, US
Albuquerque, NM, USA
Ashburn, VA, US
Ashburn, VA, USA
Aurora, CO, US
Aurora, CO, USA
Austin, TX, US
Austin, TX, USA
Verizon Financials and Metrics
Verizon Revenue
Verizon's revenue was reported to be $133.61 b in FY, 2021 which is a 4.1% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2022) | 33.6b |
Gross profit (Q1, 2022) | 19.2b |
Gross profit margin (Q1, 2022), % | 57.2% |
Net income (Q1, 2022) | 4.7b |
EBIT (Q1, 2022) | 7.8b |
Market capitalization (23-May-2022) | 207.9b |
Closing stock price (23-May-2022) | 49.7 |
Cash (31-Mar-2022) | 1.7b |
Verizon's current market capitalization is $207.9 b.
Annual
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 2.9b | ||||||||||
Accounts Receivable | 23.8b | ||||||||||
Prepaid Expenses | 6.9b | ||||||||||
Inventories | 3.1b |
Quarterly
| USD | Q1, 2010 | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.7b | ||||||||||||||||||||||||||||||||||||
Accounts Receivable | 23.6b | ||||||||||||||||||||||||||||||||||||
Prepaid Expenses | 6.6b | ||||||||||||||||||||||||||||||||||||
Inventories | 3.7b |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 5.2b | 9.2b | 14.6b | 4.3b | 9.1b | 13.6b | 5.4b | 11.3b | 17.9b | 4.7b |
Depreciation and Amortization | 4.2b | 8.5b | 12.6b | 4.2b | 8.3b | 12.5b | 4.2b | 8.2b | 12.2b | 4.2b |
Cash From Operating Activities | 7.1b | 15.8b | 26.7b | 8.8b | 23.6b | 32.5b | 9.7b | 20.4b | 31.2b | 6.8b |
Capital Expenditures | (4.3b) | (8.0b) | (12.3b) | (5.3b) | (9.8b) | (14.2b) | (4.5b) | (8.7b) | (13.9b) |
Verizon Operating Metrics
Verizon's Connections, wireless was reported to be 95 m in Q3, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Connections, wireless | 118 m | 117.89 m | 118.12 m | 93.92 m | 94.54 m | 93.89 m | 93.98 m | 94.1 m | 94.37 m | 94.23 m | 94.59 m | 94.99 m |
Postpaid Connections, wireless | 113.35 m | 113.41 m | 113.85 m | 89.74 m | 90.48 m | 89.91 m | 89.98 m | 90.03 m | 90.35 m | 90.17 m | 90.51 m | 90.92 m |
Postpaid Accounts | 35.43 m | 35.34 m | 35.35 m | 33.9 m | 33.88 m | 33.67 m | 33.7 m | 33.71 m | 33.66 m | 33.59 m | 33.61 m | 33.64 m |
Postpaid ARPA | $134.49 | $136.68 | $137.24 | $118.89 | $118.3 | $118.86 | $116.02 | $118.52 | $118.4 | $120.86 | $121.24 | $121.71 |
Verizon Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Senion | June 21, 2021 | |
| Incubed IT | February 16, 2021 | |
| Bluegrass Cellular | October 19, 2020 | |
| TracFone Wireless | September 12, 2020 | $6.9 b |
| Blue Jeans Network | April 16, 2020 | $397 m |
| BlueJeans Network | April 16, 2020 | |
| Jaunt | September 30, 2019 | |
| ProtectWise | March 01, 2019 | |
| Vidder | November 16, 2018 | |
| Moment | April 19, 2018 |
Verizon Revenue Breakdown
Verizon revenue breakdown by business segment: 8.7% from Wireless Equipment, 41.3% from Service, 11.6% from Business, 35.6% from Consumer and 2.9% from Other
Verizon Cybersecurity Score
Verizon Environment, Social & Governance (ESG) Ratings
Verizon Online and Social Media Presence
1.65m Twitter followers
Verizon has 1.65m Twitter Followers. The number of followers has decreased 0.1% quarter over quarter
Verizon's Trends
Twitter Engagement Stats for @verizon
49k
Tweets
723
Following
1.7m
Followers
264
Tweets last 30 days
44.4
Avg. likes per Tweet
70.1%
Tweets with engagement
Verizon Company Culture
Overall Culture
B-
69/100
CEO Rating
C+
69/100
Compensation
B+
75/100
Diversity
B
70/100
Verizon News and Updates
May 10, 2022
Verizon helps make internet accessible for millions through Affordable Connectivity Program
NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) -- In today’s world, connectivity is critical and Verizon is taking a stand to ensure cost barriers won’t stand between customers and the most reliable home internet. That’s why Verizon is a proud supporter of the Federal Communications Commission’s initiati…
May 09, 2022
Verizon Frontline supports NM, AZ first responders battling wildfires
LAS VEGAS, N.M., May 09, 2022 (GLOBE NEWSWIRE) -- The Verizon Frontline Response Team has deployed to multiple locations across the Southwest to provide the thousands of first responders currently engaged in firefighting efforts in Arizona and New Mexico with mission-critical communications capabi…
May 05, 2022
Extreme Teams up with Verizon Business to Refashion Old Trafford Stadium with Fast and Reliable Connectivity
Manchester United to Modernize Fan Experience with Next Generation Digital Services Powered by High Density Wi-Fi SAN JOSE, Calif., May 5, 2022 — Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced it has selected Verizon Business (Nasdaq: VRZN) as its deployment par…
May 04, 2022
RSCC, Verizon to host free STEM programs for middle school students
Roane State Community College is partnering with Verizon and the National Association for Community College Entrepreneurship (NACCE) to offer a free project-based STEM learning program, Verizon Innovative Learning STEM Achievers, for middle school students starting with the first session on June 6th…
April 16, 2022
Verizon stores in Washington state vote to join union
EVERETT, Wash. (AP) — Employees at Verizon stores north of Seattle in Everett and Lynnwood won their union election on Friday, making them the first unionized Verizon stores in the country outside of New York. The near-unanimous victory represents the latest in a growing labor movement across the co…
April 07, 2022
Verizon Frontline, N.C. first responders partner on search and rescue exercise
The Verizon Frontline Response Team recently participated in a three-day search and rescue training exercise held in Richmond County, N.C., alongside first responders from North Carolina’s Emergency Management Department (NCEMD), Richmond County Emergency Services and several other public safety org…
Verizon Frequently Asked Questions
When was Verizon founded?
Verizon was founded in 1983.
Who are Verizon key executives?
Verizon's key executives are Hans E. Vestberg, Diana Scudder and Ronan Dunne.
How many employees does Verizon have?
Verizon has 118,400 employees.
What is Verizon revenue?
Latest Verizon annual revenue is $133.6 b.
What is Verizon revenue per employee?
Latest Verizon revenue per employee is $1.1 m.
Who are Verizon competitors?
Competitors of Verizon include GTX, T-Mobile USA and Nippon Telegraph and Telephone.
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, Ashburn and in 140 other locations.
How many offices does Verizon have?
Verizon has 147 offices.
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