Verizon Communications

Verizon Communications is a broadband and telecommunications company operating 4G LTE network, 3G network, and information and entertainment services. Every day, we connect millions of people, companies and communities with our powerful technology. We’re using our award-winning network to make breakthroughs in interactive entertainment, digital media, the Internet of Things and broadband services for customers. Whatever the future looks like, whatever the digital world promises, we will deliver.

Company Growth (employees)
New York, US
Size (employees)
160,900 (est)
Verizon Communications was founded in 1983 and is headquartered in New York, US

Key People at Verizon Communications

Lowell McAdam

Lowell McAdam

Chairman & Chief Executive Officer
Roy Chestnutt

Roy Chestnutt

Executive Vice President & Chief Strategy Officer
Matthew Ellis

Matthew Ellis

Executive Vice President & Chief Financial Officer
James Gerace

James Gerace

Chief Communications Officer
Roger Gurnani

Roger Gurnani

Executive Vice President, Chief Information & Technology Architect
Marc Reed

Marc Reed

Executive Vice President & Chief Administrative Officer
Diego Scotti

Diego Scotti

Executive Vice President & Chief Marketing Officer
John Stratton

John Stratton

Executive Vice President & President of Operations
Marni Walden

Marni Walden

Executive Vice President, President of Product Innovation & New Businesses
Craig Silliman

Craig Silliman

Executive Vice President for Public Policy & General Counsel
Ronan Dunne

Ronan Dunne

Executive Vice President and Group President
Robert Mudge

Robert Mudge

Executive Vice President for Strategic Initiatives
Tami Erwin

Tami Erwin

Executive Vice President of Wireless Operations
George Fischer

George Fischer

Senior Vice President and Group President for Verizon Enterprise Solutions
David Small

David Small

Executive Vice President for Wireline Network Operations

Verizon Communications Office Locations

Verizon Communications has offices in New York, Oklahoma City, Wilmington, Alexandria and in 494 other locations
New York, US (HQ)
140 West Street

Verizon Communications Data and Metrics

Verizon Communications Financial Metrics

Verizon Communications's revenue was reported to be $126 b in FY, 2016 which is a 4% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

126 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

96.8 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

13.6 b

EBIT (FY, 2016)

27.1 b

Market capitalization (26-May-2017)

184.9 b

Closing share price (26-May-2017)


Cash (31-Dec-2016)

2.9 b


287.4 b
Verizon Communications's current market capitalization is $184.9 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


120.6 b127.1 b131.6 b126 b

Revenue growth, %


Cost of goods sold

28.5 b28.3 b29.4 b29.2 b

Gross profit

92 b98.8 b102.2 b96.8 b

Gross profit Margin, %


Operating expense total

88.6 b107.5 b98.6 b98.9 b


32 b19.6 b33.1 b27.1 b

EBIT margin, %


Interest expense

2.7 b4.9 b4.9 b4.4 b

Pre tax profit

29.3 b15.3 b28.2 b21 b

Income tax expense

5.7 b3.3 b9.9 b7.4 b

Net Income

23.5 b12 b18.4 b13.6 b
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


53.5 b10.6 b4.5 b2.9 b


1 b1.2 b1.3 b1.2 b

Current Assets

71 b29.6 b22.3 b26.4 b


24.6 b24.6 b25.3 b27.2 b

Total Assets

274.1 b232.7 b244.6 b244.2 b

Total Debt

89.7 b110.5 b103.7 b105.4 b

Current Liabilities

27.1 b28.1 b35.1 b30.3 b

Common Stock

297 m424 m424 m424 m

Total Equity

95.4 b13.7 b17.8 b24 b

Debt to Equity Ratio

0.9 x8.1 x5.8 x4.4 x

Debt to Assets Ratio

0.3 x0.5 x0.4 x0.4 x

Financial Leverage

2.9 x17 x13.7 x10.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

23.5 b12 b18.4 b13.6 b

Accounts Receivable

(843 m)(2.7 b)(945 m)(5.1 b)


56 m(132 m)(99 m)61 m

Cash From Operating Activities

38.8 b30.6 b38.9 b22.7 b

Capital Expenditures

(16.6 b)(17.2 b)(17.8 b)(17.1 b)

Cash From Investing Activities

(14.8 b)(15.9 b)(30 b)(11 b)

Dividends Paid

(5.9 b)(7.8 b)(8.5 b)(9.3 b)

Cash From Financing Activities

26.5 b(57.7 b)(15 b)(13.3 b)

Free Cash Flow

22.2 b13.4 b21.2 b5.7 b
Numbers are in $, USDY, 2016


10.6 x


12.7 x


50.8 x


780.3 k


4.4 x


0.4 x

Financial Leverage

10.2 x

Verizon Communications Operating Metrics

Verizon Communications's Connections, wireless was reported to be 114.2 m in FY, 2016. Verizon Communications's Broadband Connections was reported to be 16.9 m in FY, 2016
FY, 2014FY, 2015FY, 2016

Wireless Customers

35.6 m35.7 m

Connections, wireless

114.2 m

Broadband Connections

16.9 m

Verizon Communications Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
SkywardFebruary 16, 2017
VesselOctober 26, 2016
Sensity SystemsSeptember 12, 2016
FleetMaticsAugust 01, 2016$2.4 b
Yahoo!July 25, 2016$4.8 b
TelogisJune 21, 2016
ComplexApril 18, 2016$250 m
VoliconMarch 16, 2016
XO CommunicationsFebruary 22, 2016$1.8 b
AOLMay 12, 2015$4.4 b
EdgeCast NetworksDecember 09, 2013$350 m
UpLynkNovember 13, 2013
Hughes TelematicsJune 01, 2012
CloudSwitchAugust 25, 2011
Terremark WorldwideJanuary 27, 2011
AlltelJune 05, 2008

Verizon Communications Market Value History

Verizon Communications Revenue Breakdown

Verizon Communications Job Categories

Verizon Communications Online and Social Media Presence

Verizon Communications News and Updates

Verizon Communications Company Life and Culture

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