Verizon Communications is a broadband and telecommunications company operating 4G LTE network, 3G network, and information services. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales. The Wireline segment offers voice, data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services.

TypePublic
HQNew York, US
Founded1983
Size (employees)153,100 (est)-1%
Websiteverizon.com
Verizon was founded in 1983 and is headquartered in New York, US
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Key People/Management at Verizon

Hans Vestberg

Hans Vestberg

CEO
Lowell C. McAdam

Lowell C. McAdam

Executive Chairman
Martin Burvill

Martin Burvill

Senior Vice President and Group President Verizon Business Markets
Eric Cevis

Eric Cevis

Senior Vice President and Group President - Verizon Partner Solutions
Kenneth Dixon

Kenneth Dixon

Senior Vice President & Group President - Consumer Sales & Service
Ronan Dunne

Ronan Dunne

Executive Vice President and Group President of Verizon Wireless
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Verizon Office Locations

Verizon has offices in North Ryde, Germantown, Waterloo, Oklahoma City and in 487 other locations
New York, US (HQ)
1095 Avenue of the Americas
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Verizon Financials and Metrics

Verizon Revenue

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Verizon's revenue was reported to be $126.03 b in FY, 2017
USD

Revenue (Q3, 2018)

32.6b

Gross profit (Q3, 2018)

19.3b

Gross profit margin (Q3, 2018), %

59.1%

Net income (Q3, 2018)

5.1b

EBIT (Q3, 2018)

7.7b

Market capitalization (14-Nov-2018)

243.5b

Closing stock price (14-Nov-2018)

58.9

Cash (30-Sep-2018)

2.5b

EV

353.9b
Verizon's current market capitalization is $243.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

127.1b131.6b126.0b126.0b

Revenue growth, %

5%4%(4%)0%

Cost of goods sold

49.7b52.6b51.4b29.4b

Gross profit

77.4b79.1b74.6b96.6b
Quarterly
USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

31.5b32.0b32.2b33.2b32.2b30.5b30.9b29.8b30.5b31.7b31.8b32.2b32.6b

Cost of goods sold

12.1b12.4b13.3b12.6b12.2b12.2b11.7b12.1b12.6b13.3b13.6b13.3b

Gross profit

19.9b19.8b19.9b19.6b18.3b18.7b18.1b18.4b19.1b18.5b18.6b19.3b

Gross profit Margin, %

62%61%60%61%60%60%61%60%60%58%58%59%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

53.5b10.6b4.5b2.9b2.1b

Accounts Receivable

14.0b13.5b17.5b23.5b

Prepaid Expenses

2.6b2.0b3.9b3.3b

Inventories

1.0b1.2b1.3b1.2b1.0b
Quarterly
USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

5.8b4.4b3.0b3.9b5.8b2.9b6.4b4.3b4.6b4.5b1.9b1.8b2.5b

Accounts Receivable

12.7b13.4b13.1b12.5b13.3b14.8b16.9b19.8b21.5b22.6b23.1b24.0b

Prepaid Expenses

3.2b2.8b2.3b3.4b3.4b3.0b4.6b3.4b3.3b5.2b4.9b5.3b

Inventories

1.1b1.1b1.1b1.3b1.1b931.0m1.3b1.2b1.1b1.3b1.3b1.1b1.3b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

23.5b12.0b18.4b13.6b30.6b

Depreciation and Amortization

16.6b16.5b16.0b15.9b17.0b

Inventories

56.0m(132.0m)(99.0m)61.0m168.0m

Accounts Payable

925.0m1.4b2.5b(1.1b)(335.0m)
Quarterly
USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

10.3b4.3b8.7b12.9b4.4b5.3b9.0b3.6b8.0b11.8b4.7b8.9b14.0b

Depreciation and Amortization

8.3b4.0b8.0b12.0b4.0b8.0b11.9b4.1b8.2b12.5b4.3b8.7b13.1b

Cash From Operating Activities

14.8b10.2b18.9b28.4b7.5b12.9b17.7b1.7b9.9b17.2b6.6b16.4b26.2b

Cash From Investing Activities

(6.3b)(13.2b)(20.2b)(24.6b)(3.4b)2.7b(2.5b)(4.8b)(9.9b)(13.7b)(5.3b)(8.7b)(13.1b)
USDY, 2018

EV/EBIT

46.1 x

EV/CFO

13.5 x

EV/FCF

24.9 x

Debt/Equity

2 x

Debt/Assets

0.4 x

Financial Leverage

4.7 x
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Verizon Operating Metrics

Verizon's Connections, wireless was reported to be 115.3 m in Q3, 2017.
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Verizon Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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
FleetMaticsAugust 01, 2016$2.40 b
Yahoo!July 25, 2016$4.83 b
TelogisJune 21, 2016
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Verizon Revenue Breakdown

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Verizon revenue breakdown by business segment: 7.6% from Corporate , 50.9% from Service , 15.3% from Equipment , 10.4% from Consumer Markets , 7.4% from Enterprise Solutions and 8.4% from Other

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Verizon Online and Social Media Presence

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Verizon Company Life and Culture

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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, Lowell C. McAdam and Martin Burvill.

  • How many employees does Verizon have?

    Verizon has 153,100 employees.

  • What is Verizon revenue?

    Latest Verizon annual revenue is $126 b.

  • What is Verizon revenue per employee?

    Latest Verizon revenue per employee is $823.2 k.

  • Who are Verizon competitors?

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

  • Where is Verizon headquarters?

    Verizon headquarters is located at 1095 Avenue of the Americas, New York.

  • Where are Verizon offices?

    Verizon has offices in North Ryde, Germantown, Waterloo, Oklahoma City and in 487 other locations.

  • How many offices does Verizon have?

    Verizon has 494 offices.