Verizon Communications

Verizon Communications, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. 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.

Company Growth (employees)
New York, US
Size (employees)
160,100 (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 and Chief Executive Officer
James Gerace

James Gerace

Chief Communications Officer
Diego Scotti

Diego Scotti

Executive Vice President and Chief Marketing Officer
Marc Reed

Marc Reed

Executive Vice President and Chief Administrative Officer
Ronan Dunne

Ronan Dunne

Executive Vice President and Group President of Verizon Wireless
Tami Erwin

Tami Erwin

Executive Vice President - Wireless Operations
George Fischer

George Fischer

Senior Vice President and Group President – Verizon Enterprise Solutions
Craig Silliman

Craig Silliman

Executive Vice President – Public Policy and General Counsel
John Stratton

John Stratton

Executive Vice President and President of Global Operations
David Small

David Small

Executive Vice President - Wireline Network Operations
Hans Vestberg

Hans Vestberg

Executive Vice President and President of Global Networks and Chief Technology Officer
Eric Cevis

Eric Cevis

Senior Vice President and Group President - Verizon Partner Solutions
Matthew Ellis

Matthew Ellis

Executive Vice President and Chief Financial Officer
Rima Qureshi

Rima Qureshi

Executive Vice President and Chief Strategy Officer
Martin Burvill

Martin Burvill

Senior Vice President and Group President Verizon Business Markets

Verizon Communications Office Locations

Verizon Communications has offices in New York, Oklahoma City, Wilmington, Alexandria and in 487 other locations
New York, US (HQ)
1095 Avenue of the Americas
Show all (494)

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)

19.1 b

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

3.7 b

EBIT (Q3, 2017)

7.2 b

Market capitalization (16-Feb-2018)

205.1 b

Cash (30-Sep-2017)

4.5 b


318.1 b
Verizon Communications's current market capitalization is $205.1 b.
USDFY, 2014FY, 2015FY, 2016


127.1 b131.6 b126 b

Revenue growth, %


Cost of goods sold

49.7 b52.6 b51.4 b

Gross profit

77.4 b79.1 b74.6 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

USDFY, 2014FY, 2015FY, 2016


10.6 b4.5 b2.9 b

Accounts Receivable

14 b13.5 b17.5 b

Prepaid Expenses

2.6 b2 b3.9 b


1.2 b1.3 b1.2 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


4.4 b3 b3.9 b5.8 b2.9 b6.4 b4.3 b4.6 b4.5 b

Accounts Receivable

12.7 b13.4 b13.1 b12.5 b13.3 b14.8 b16.9 b19.8 b21.5 b

Prepaid Expenses

3.2 b2.8 b2.3 b3.4 b3.4 b3 b4.6 b3.4 b3.3 b


1.1 b1.1 b1.3 b1.1 b931 m1.3 b1.2 b1.1 b1.3 b
USDFY, 2014FY, 2015FY, 2016

Net Income

12 b18.4 b13.6 b

Depreciation and Amortization

16.5 b16 b15.9 b

Accounts Receivable

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


(132 m)(99 m)61 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

4.3 b8.7 b12.9 b4.4 b5.3 b9 b3.6 b8 b11.8 b

Depreciation and Amortization

4 b8 b12 b4 b8 b11.9 b4.1 b8.2 b12.5 b

Cash From Operating Activities

10.2 b18.9 b28.4 b7.5 b12.9 b17.7 b1.7 b9.9 b17.2 b

Capital Expenditures

(3.7 b)(8.2 b)(12.5 b)(3.4 b)(7.3 b)(11.4 b)(3.1 b)(7 b)(11.3 b)
USDY, 2017


44.1 x


18.5 x


53.6 x


198.1 k


4.1 x


0.5 x

Financial Leverage

9 x
Show all financial metrics

Verizon Communications Operating Metrics

Verizon Communications's Connections, wireless was reported to be 115.3 m in Q3, 2017
Show all operating metrics

Verizon Communications Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MCI Communications Corporation
Verizon Virginia LLC
Verizon Business Global LLC
Cellco Partnership
Bell Atlantic Mobile Systems LLC
Verizon Maryland LLC
GTE Wireless LLC
Verizon Americas Inc.
Verizon Pennsylvania LLC
Verizon New York Inc.
Verizon New Jersey Inc.
Verizon Delaware LLC
Verizon New England Inc.
NiddelJanuary 05, 2018
WideOpenWest - Fiber-Optic NetworkDecember 14, 2017$225 m
Straight Path CommunicationsMay 11, 2017$3.1 b
SkywardFebruary 16, 2017
LQD WiFiNovember 24, 2016
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

You may also be interested in