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, US
Websiteverizon.com

Latest Updates

Employees (est.) (Dec 2019)135,000
Job Openings197
Revenue (FY, 2019)$131.9 B
Share Price (May 2020)$55.7 (+2%)

Key People/Management at Verizon

Morgan Stanley

Morgan Stanley

Investor
Hans Vestberg

Hans Vestberg

Chairman and Chief Executive Officer
Ronan Dunne

Ronan Dunne

Executive Vice President and Group CEO—Verizon Consumer
Matthew D. Ellis

Matthew D. Ellis

Executive Vice President and Chief Financial Officer
Tami Erwin

Tami Erwin

Executive Vice President and Group CEO—Verizon Business
James J. Gerace

James J. Gerace

Chief Communications Officer
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Verizon Office Locations

Verizon has offices in New York, Alpharetta, Bernards, Chandler and in 32 other locations
New York, US (HQ)
1095 6th Ave
Alpharetta, US
1 1 Verizon Pl
Bernards, US
1 Verizon Way, Basking Ridge
Chandler, US
6955 W Morelos Pl
Charlotte, US
2401 Sardis Rd N
El Paso, US
11950 Don Haskins Dr
Show all (38)

Verizon Financials and Metrics

Verizon Revenue

Verizon's revenue was reported to be $131.87 b in FY, 2019
USD

Revenue (Q1, 2020)

31.6b

Net income (Q1, 2020)

4.3b

EBIT (Q1, 2020)

6.6b

Market capitalization (28-May-2020)

230.6b

Closing stock price (28-May-2020)

55.7

Cash (31-Mar-2020)

7.0b

EV

362.7b
Verizon's current market capitalization is $230.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

126.0b126.0b130.9b131.9b

Revenue growth, %

(4%)0%4%

Cost of goods sold

51.4b51.6b55.5b

Gross profit

74.6b74.5b75.4b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

29.8b30.5b31.7b31.8b32.2b32.6b32.1b32.1b32.9b31.6b

Cost of goods sold

11.7b12.1b12.6b13.3b13.6b13.3b13.0b12.7b13.4b

Gross profit

18.1b18.4b19.1b18.5b18.6b19.3b19.1b19.4b19.5b

Gross profit Margin, %

61%60%60%58%58%59%60%60%59%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.9b2.1b2.7b2.6b

Accounts Receivable

17.5b23.5b25.1b25.4b

Prepaid Expenses

3.9b3.3b5.5b8.0b

Inventories

1.2b1.0b1.3b1.4b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

4.3b4.6b4.5b1.9b1.8b2.5b2.3b1.9b3.0b7.0b

Accounts Receivable

16.9b19.8b21.5b22.6b23.1b24.0b24.5b24.9b24.7b23.8b

Prepaid Expenses

4.6b3.4b3.3b5.2b4.9b5.3b5.2b5.3b5.6b8.2b

Inventories

1.2b1.1b1.3b1.3b1.1b1.3b1.4b1.2b1.5b1.6b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

13.6b30.6b16.0b19.8b

Depreciation and Amortization

15.9b17.0b17.4b16.7b

Inventories

61.0m168.0m(324.0m)(76.0m)

Accounts Payable

(1.1b)(335.0m)1.8b(2.4b)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

3.6b8.0b11.8b4.7b8.9b14.0b5.2b9.2b14.6b4.3b

Depreciation and Amortization

4.1b8.2b12.5b4.3b8.7b13.1b4.2b8.5b12.6b4.2b

Cash From Operating Activities

1.7b9.9b17.2b6.6b16.4b26.2b7.1b15.8b26.7b8.8b

Capital Expenditures

(3.1b)(7.0b)(11.3b)(4.6b)(7.8b)(12.0b)(4.3b)(8.0b)(12.3b)
USDY, 2020

EV/EBIT

55.1 x

EV/CFO

41.1 x

Financial Leverage

4.8 x
Show all financial metrics

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

Embed Graph

Verizon revenue breakdown by business segment: 8.3% from Corporate and Other, 22.5% from Wireline and 69.3% from Wireless

Verizon Online and Social Media Presence

Embed Graph

Verizon News and Updates

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Wiseguyreports.Com Publish New Market Research Report On -“M2M Services in Retail Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Legal Process Outsourcing Industry Market-2018 Production: Trimble , Verizon Communications , Cisco Systems , Oracle Corporation

Examination of Legal Process Outsourcing Industry market and its up and coming development prospects is been said with most extreme exactness. This examination incorporates an elaborative outline of Legal Process Outsourcing Industry showcase which additionally incorporates depictions that offer pro…

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Defence Cyber Security – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday

Creative Research Report on IoT Telecom Services Market with Size, Industry Policies, Share, Challenges, Demand, Key players- AT&T, Inc., Ericsson, Verizon Communications, Inc., Sprint Corporation

The Global IoT Telecom Services Market Research Report Forecast 2018-2023 is a valuable source of insightful data for business strategists. It provides the IoT Telecom Services industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable…

Telecom Managed Services Market 2018 Global Analysis By Key Players – Cisco Systems, Ericsson Ab, Huawei Technologies Co., Verizon Communications, At&T Inc.

WiseGuyReports.Com Publish a New Market Research Report On –“ Telecom Managed Services Market 2018 Global Analysis By Key Players – Cisco Systems, Ericsson Ab, Huawei Technologies Co., Verizon Communications, At&T Inc.”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Defence Cyber Security 2018 Global Market Key Players -Dell Secure Works, IBM, Intel Security, Symantec, Cisco Systems, Verizon Communications.......

Defence Cyber Security – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
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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 Morgan Stanley, Hans Vestberg and Ronan Dunne.

  • How many employees does Verizon have?

    Verizon has 135,000 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 $976.8 k.

  • Who are Verizon competitors?

    Competitors of Verizon include Frontier Communications, Orange and AT&T.

  • Where is Verizon headquarters?

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

  • Where are Verizon offices?

    Verizon has offices in New York, Alpharetta, Bernards, Chandler and in 32 other locations.

  • How many offices does Verizon have?

    Verizon has 38 offices.