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
Diana Scudder
VP of Network & Field Operations .
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
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
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
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 31.8b | 32.2b | 32.6b | 32.1b | 32.1b | 32.9b | 31.6b | 30.4b | 31.5b | 32.9b |
Cost of goods sold | 13.3b | 13.6b | 13.3b | 13.0b | 12.7b | 13.4b | 12.3b | 11.7b | 12.3b | |
Gross profit | 18.5b | 18.6b | 19.3b | 19.1b | 19.4b | 19.5b | 19.3b | 18.7b | 19.2b | |
Gross profit Margin, % | 58% | 58% | 59% | 60% | 60% | 59% | 61% | 61% | 61% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.9b | 1.8b | 2.5b | 2.3b | 1.9b | 3.0b | 7.0b | 7.9b | 9.0b | 10.2b |
Accounts Receivable | 22.6b | 23.1b | 24.0b | 24.5b | 24.9b | 24.7b | 23.8b | 22.7b | 22.6b | 22.5b |
Prepaid Expenses | 5.2b | 4.9b | 5.3b | 5.2b | 5.3b | 5.6b | 8.2b | 5.5b | 5.5b | 5.6b |
Inventories | 1.3b | 1.1b | 1.3b | 1.4b | 1.2b | 1.5b | 1.6b | 1.3b | 1.5b | 1.3b |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.7b | 8.9b | 14.0b | 5.2b | 9.2b | 14.6b | 4.3b | 9.1b | 13.6b | 5.4b |
Depreciation and Amortization | 4.3b | 8.7b | 13.1b | 4.2b | 8.5b | 12.6b | 4.2b | 8.3b | 12.5b | 4.2b |
Cash From Operating Activities | 6.6b | 16.4b | 26.2b | 7.1b | 15.8b | 26.7b | 8.8b | 23.6b | 32.5b | 9.7b |
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.
| FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Connections, wireless | 108.21 m | 108.58 m | 109.55 m | 110.76 m | 112.11 m | 112.57 m | 113.15 m | 113.68 m | 114.24 m | 113.91 m | 114.54 m | 115.27 m | 116.26 m | 116.18 m | 116.45 m | 116.87 m | 118 m | 117.89 m | 118.12 m | 93.92 m | 94.54 m | 93.89 m | 93.98 m | 94.1 m |
Postpaid Connections, wireless | 102.08 m | 102.64 m | 103.73 m | 105.02 m | 106.53 m | 107.17 m | 107.78 m | 108.22 m | 108.8 m | 108.48 m | 109.09 m | 109.69 m | 110.85 m | 111.11 m | 111.62 m | 112.14 m | 113.35 m | 113.41 m | 113.85 m | 89.74 m | 90.48 m | 89.91 m | 89.98 m | 90.03 m |
Postpaid Accounts | 35.62 m | 35.52 m | 35.56 m | 35.68 m | 35.74 m | 35.72 m | 35.64 m | 35.53 m | 35.41 m | 35.27 m | 35.33 m | 35.36 m | 35.4 m | 35.33 m | 35.31 m | 35.31 m | 35.43 m | 35.34 m | 35.35 m | 33.9 m | 33.88 m | 33.67 m | 33.7 m | 33.71 m |
Postpaid ARPA | $159.86 | $156.14 | $154.93 | $154.08 | $152.63 | $145.34 | $145.09 | $144.94 | $144.32 | $136.98 | $134.89 | $136.31 | $135.99 | $131.71 | $134.56 | $136.58 | $134.49 | $136.68 | $137.24 | $118.89 | $118.3 | $118.86 | $116.02 | $118.52 |
Verizon Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Bluegrass Cellular | October 19, 2020 | |
| TracFone Wireless | September 12, 2020 | $6.9 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 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 increased 0.1% month over month and decreased 0.7% quarter over quarter
Verizon's Trends
Twitter Engagement Stats for @verizon
44.4k
Tweets
646
Following
1.7m
Followers
616
Tweets last 30 days
15.7
Avg. likes per Tweet
65.7%
Tweets with engagement
Verizon Company Culture
Overall Culture
D
60/100
CEO Rating
F
54/100
Compensation
B
81/100
Verizon News and Updates
July 28, 2021
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.
July 28, 2021
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.
July 27, 2021
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.
July 23, 2021
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.
July 22, 2021
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…
July 21, 2021
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.
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.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies