Communication Services · Integrated Telecommunication Services
Verizon: revenue, profit and dividends
In fiscal 2025, Verizon had revenue of $138B, up 0.5% a year on average since 2015, and net income of $17.2B (12.4% of revenue). Its dividend per share has gone up 17 years in a row, to $2.73.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +2.5% vs 2024
- Ticker
- VZ · NYSE
- Sector
- Communication Services
- Sub-industry
- Integrated Telecommunication Services
- Headquarters
- New York City, New York
- Founded
- 1983 (1877)
- In the S&P 500 since
- November 30, 1983
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Verizon Communications Inc · CIK 0000732712
Revenue and net income
Revenue went from $93.5B in 2007 to $138B in 2025. Net loss in 2008.
Diluted earnings per share
Diluted EPS went from $1.90 in 2007 to $4.06 in 2025. Ten-year growth: −0.7% a year.
Dividends per share
Raised every year in the data: 17 years in a row, from 2009 to 2025. Ten-year growth: 2.1% a year.
Shares outstanding
3.4% more shares in 2025 than in 2015 (4.09B → 4.23B): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $138B | $17.2B | 12.4% | $4.06 | $2.73 | 4.23B | — | — | — |
| 2024 | $135B | $17.5B | 13.0% | $4.14 | $2.69 | 4.22B | — | — | — |
| 2023 | $134B | $11.6B | 8.7% | $2.75 | $2.63 | 4.21B | — | — | — |
| 2022 | $137B | $21.3B | 15.5% | $5.06 | $2.58 | 4.2B | — | — | — |
| 2021 | $134B | $22.1B | 16.5% | $5.32 | $2.54 | 4.15B | — | — | — |
| 2020 | $128B | $17.8B | 13.9% | $4.30 | $2.48 | 4.14B | — | — | — |
| 2019 | $132B | $19.3B | 14.6% | $4.65 | $2.44 | 4.14B | — | — | — |
| 2018 | $131B | $15.5B | 11.9% | $3.76 | $2.38 | 4.13B | $34.3B | $16.7B | $17.7B |
| 2017 | $126B | $30.1B | 23.9% | $7.36 | $2.33 | 4.09B | $24.3B | $17.2B | $7.07B |
| 2016 | $126B | $13.1B | 10.4% | $3.21 | $2.29 | 4.09B | $21.7B | $17.1B | $4.63B |
| 2015 | $132B | $17.9B | 13.6% | $4.37 | $2.23 | 4.09B | $39B | $17.8B | $21.3B |
| 2014 | $127B | $9.62B | 7.6% | $2.42 | $2.16 | 3.98B | $30.6B | $17.2B | $13.4B |
| 2013 | $121B | $11.5B | 9.5% | $4.00 | $2.09 | 2.87B | $38.8B | $16.6B | $22.2B |
| 2012 | $116B | $875M | 0.8% | $0.31 | $2.03 | 2.86B | $31.5B | $16.2B | $15.3B |
| 2011 | $111B | $2.4B | 2.2% | $0.85 | $1.98 | 2.84B | $29.8B | $16.2B | $13.5B |
| 2010 | $107B | $2.55B | 2.4% | $0.90 | $1.93 | 2.83B | $33.4B | $16.5B | $16.9B |
| 2009 | $108B | $4.89B | 4.5% | $1.72 | $1.87 | 2.84B | $31.4B | $16.9B | $14.5B |
| 2008 | $97.4B | −$2.19B | −2.3% | −$0.77 | $1.78 | 2.85B | $27.5B | $17.1B | $10.3B |
| 2007 | $93.5B | $5.52B | 5.9% | $1.90 | — | 2.9B | $26.8B | $17.5B | $9.3B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Capital expenditure: no figures after 2018 in the data.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Integrated Telecommunication Services companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.