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Verizon

Verizon

Stock Price

$36.7

2023-03-10

Market Capitalization

$154 B

2023-03-10

Revenue

$136.8 B

FY, 2022

Verizon Summary

Company summary

Overview
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
Status
Active
Founded
1983
HQ
New York, NY, US | view all locations
Website
https://www.verizon.com/
Cybersecurity rating
ESG rating
60-79 out of 100|View all ESG data
Sectors

Key people

  • Hans E. Vestberg

    Hans E. Vestberg, Chief Executive Officer & Chairman

  • Sowmyanarayan Sampath

    Sowmyanarayan Sampath, CEO, Verizon Business & Executive Vice President

  • James J. Gerace

    James J. Gerace, Chief Communications Officer

  • Diego Scotti

    Diego Scotti, Chief Marketing Officer & Executive Vice President

Operating MetricsView all

Broadband Connections

7.1M
6.4%

Q1, 2022

Connections, wireless

115.2M
22.2%

Q1, 2022

Postpaid Connections per Account

2.7
1.9%

Q1, 2022

LocationsView all

151 locations detected

  • New York, NY HQ

    United States

    1095 6th Ave

  • Bernards, NJ

    United States

    1 Verizon Way, Basking Ridge

  • Boston, MA

    United States

    Boston, MA, USA

  • Elgin, SC

    United States

    501 Spears Creek Church Rd

  • El Paso, TX

    United States

    11950 Don Haskins Dr

  • Fort Washington, PA

    United States

    Fort Washington, PA, USA

and 145 others

Verizon Financials

Summary financials

Revenue (FY, 2022)
$136.8B
Net income (FY, 2022)
$21.7B
Cash (FY, 2022)
$2.6B
EBIT (FY, 2022)
$30.5B
Enterprise value
$327.8B

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