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)
161,000 (est)
Verizon Communications was founded in 1983 and is headquartered in New York, US

Key People/Management 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
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 478 other locations
New York, US (HQ)
140 West Street
Show all (483)

Verizon Communications Financials and Metrics

Verizon Communications Financials

Verizon Communications's revenue was reported to be $126 b in FY, 2016

Revenue (Q3, 2017)

31.7 b

Gross profit (Q3, 2017)

24.1 b

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

3.7 b

EBIT (Q3, 2017)

7.2 b

Market capitalization (13-Nov-2017)

183 b

Cash (30-Sep-2017)

4.5 b


293.5 b
Verizon Communications's current market capitalization is $183 b.
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


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

Cost of goods sold

7 b7.6 b7.6 b7.6 b7 b6.9 b7.1 b7.6 b

Gross profit

25.2 b25.6 b24.6 b23 b23.9 b23 b23.5 b24.1 b

Gross profit Margin, %

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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


56.7 b2.9 b5.8 b7.2 b4.4 b3 b3.9 b5.8 b2.9 b6.4 b4.3 b4.6 b4.5 b


1.2 b881 m1.1 b1.2 b1.1 b1.1 b1.3 b1.1 b931 m1.3 b1.2 b1.1 b1.3 b

Current Assets

73.7 b23.3 b22.9 b24.8 b22.8 b21.5 b21.8 b23.6 b20.8 b25.6 b27.2 b28.8 b30.9 b


24.3 b24.6 b24.7 b24.6 b23.3 b25.4 b25.1 b25.4 b25.4 b26 b27.6 b28.5 b28.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

23.5 b12 b18.4 b13.6 b

Depreciation and Amortization

15.9 b

Accounts Receivable

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


56 m(132 m)(99 m)61 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

5.6 b6 b4.3 b3.8 b4.3 b4.4 b4.2 b4.4 b831 m3.7 b3.6 b8 b11.8 b

Depreciation and Amortization

4.2 b4.1 b4.2 b4.2 b4 b8.2 b12.5 b


1.1 b1.3 b1.1 b931 m1.3 b1.2 b

Cash From Operating Activities

9.9 b17.2 b
Y, 2017


40.7 x


17 x


49.4 x

Financial Leverage

9 x
Show all financial metrics

Verizon Communications Operating Metrics

Verizon Communications's Connections, wireless was reported to be 114.2 m in FY, 2016, which is a 2% increase from the previous period
FY, 2014FY, 2015FY, 2016




11.3 k11.3 k11.3 k

Fiber Route Miles

800800 k800 k

Broadband Connections

19.8 m20.5 m16.9 m
Show all operating metrics

Verizon Communications Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Verizon New Jersey Inc.
Cellco Partnership
Bell Atlantic Mobile Systems LLC
Verizon Maryland LLC
GTE Wireless LLC
Verizon Americas Inc.
Verizon Pennsylvania LLC
Verizon New York Inc.
Verizon Business Global LLC
MCI Communications Corporation
Verizon Virginia LLC
Verizon New England Inc.
Verizon Delaware LLC
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's Web-traffic and Trends

Verizon Communications Online and Social Media Presence

Verizon Communications Company Life and Culture

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