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.
TypePublic
Founded1983
HQNew York, NY, US
Websiteverizon.com
Overall CultureD

Latest Updates

Employees (est.) (Jun 2020)135,300
Job Openings2,943
Revenue (FY, 2020)$128.3 B(-2%)
Share Price (Jul 2021)$55.8
Cybersecurity ratingFMore

Key People/Management at Verizon

Hans Vestberg

Hans Vestberg

Chairman and Chief Executive Officer
Diana Scudder

Diana Scudder

VP of Network & Field Operations .
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
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Verizon Office Locations

Verizon has offices in New York, Albany, Albuquerque, Alpharetta and in 137 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
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Verizon Financials and Metrics

Verizon Revenue

Verizon's revenue was reported to be $128.29 b in FY, 2020
USD

Revenue (Q1, 2021)

32.9b

Net income (Q1, 2021)

5.4b

EBIT (Q1, 2021)

7.8b

Market capitalization (30-Jul-2021)

230.9b

Closing stock price (30-Jul-2021)

55.8

Cash (31-Mar-2021)

10.2b

EV

400.5b
Verizon's current market capitalization is $230.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

126.0b130.9b131.9b128.3b

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, 2020Q1, 2021

Revenue

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

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, 2019FY, 2020

Cash

2.1b2.7b2.6b22.2b

Accounts Receivable

23.5b25.1b25.4b23.9b

Prepaid Expenses

3.3b5.5b8.0b6.7b

Inventories

1.0b1.3b1.4b1.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.9b1.8b2.5b2.3b1.9b3.0b7.0b7.9b9.0b10.2b

Accounts Receivable

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

Prepaid Expenses

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

Inventories

1.3b1.1b1.3b1.4b1.2b1.5b1.6b1.3b1.5b1.3b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

30.6b16.0b19.8b18.3b

Depreciation and Amortization

17.0b17.4b16.7b16.7b

Inventories

168.0m(324.0m)(76.0m)(369.0m)

Accounts Payable

(335.0m)1.8b(2.4b)(966.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

4.7b8.9b14.0b5.2b9.2b14.6b4.3b9.1b13.6b5.4b

Depreciation and Amortization

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

Cash From Operating Activities

6.6b16.4b26.2b7.1b15.8b26.7b8.8b23.6b32.5b9.7b

Capital Expenditures

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

Revenue/Employee

787.8k

Debt/Equity

2.6 x

Debt/Assets

0.5 x

Financial Leverage

5.8 x
Show all financial metrics

Verizon Acquisitions / Subsidiaries

Company NameDateDeal Size
Bluegrass CellularOctober 19, 2020
TracFone WirelessSeptember 12, 2020$6.9 b
Blue Jeans NetworkApril 16, 2020$500 m
BlueJeans NetworkApril 16, 2020
JauntSeptember 30, 2019
ProtectWiseMarch 01, 2019
VidderNovember 16, 2018
MomentApril 19, 2018
NiddelJanuary 05, 2018
WideOpenWest - Fiber-Optic NetworkDecember 14, 2017$225 m
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Verizon Revenue Breakdown

Embed Graph

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

Show all human capital metrics

Verizon Cybersecurity Score

Cybersecurity ratingPremium dataset

F

38/100

SecurityScorecard logo

Verizon Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Verizon Online and Social Media Presence

Embed Graph

Verizon Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    F

    54/100

  • Compensation

    B

    81/100

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Verizon News and Updates

Verizon bags $78.8M Air National Guard contract

Verizon’s Public Sector business inked its second deal with the U.S. Department of Defense (DoD) in as many months, this time nabbing a $78.8 million contract to help the Air National Guard (ANG) modernize its network services.

Verizon Teams up With NJ Brothers Walking Across America for Restaurant Workers

Verizon is supporting Aiden and Louis Ardine, two brothers from New Jersey, on their quest to walk across America to raise awareness and money for restaurant workers whose lives have been negatively impacted by the pandemic.

Verizon's rapid 5G network expansion leads to unfortunate residential cell towers

Verizon is in the midst of its biggest network expansion trying to bring its high-speed, low-coverage 5G mmWave network to more places and at the same time mix it with mid- and low-band spectrum for as wide a 5G coverage as possible.

Verizon commits $3B to C-Band deployment in 2021

Verizon executives outlined plans to significantly ramp its C-Band network deployment spending in the second half of the year, as it works towards an initial goal of covering 100 million people in 46 markets.

Verizon Media bolsters identity consent management, partners with NAI, Osano

Verizon Media today announced the integration of Verizon Media ConnectID with the Network Advertising Initiative (NAI)’s “Audience Matched Advertising Opt-Out” platform. The NAI is a non-profit organization dedicated to responsible data collection and use for digital advertising. The integration, en…

Verizon Stock Is Jumping After Earnings Beat Expectations. Why Nothing Has Changed.

Verizon Communications posted record second-quarter earnings on Tuesday, and even boosted its profit guidance for the back half of 2021.
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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, Diana Scudder and Guru Gowrappan.

  • How many employees does Verizon have?

    Verizon has 135,300 employees.

  • What is Verizon revenue?

    Latest Verizon annual revenue is $128.3 b.

  • What is Verizon revenue per employee?

    Latest Verizon revenue per employee is $948.2 k.

  • Who are Verizon competitors?

    Competitors of Verizon include T-Mobile USA, Nippon Telegraph and Telephone Corporation and Altice USA.

  • 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 137 other locations.

  • How many offices does Verizon have?

    Verizon has 145 offices.