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Equiscale · Syntellia LLC
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smartwatches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA and wireline broadband, advanced communication services, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company distributes its products and services through direct channels, company-operated stores, digital and omnichannel platforms, indirect agents, business solution resellers, and national retailers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $138.2B | $47.7B | $17.2B | $19.7B | 16.4% | 2.5% | -1.9% |
| 2024 | $134.8B | $47.5B | $17.5B | $18.9B | 17.6% | 0.6% | 50.7% |
| 2023 | $134.0B | $40.1B | $11.6B | $12.9B | 12.6% | -2.1% | -45.4% |
| 2022 | $136.8B | $49.0B | $21.3B | $10.4B | 23.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 136,835 | 133,974 | 134,788 | 138,191 |
| Operating Revenue | - | 136,835 | 133,974 | 134,788 | 138,191 |
| Cost Of Revenue | - | 59,133 | 54,887 | 54,097 | 56,765 |
| Gross Profit | - | 77,702 | 79,087 | 80,691 | 81,426 |
| Operating Expense | - | 47,235 | 50,369 | 52,005 | 52,167 |
| Selling General And Administration | - | 30,136 | 32,745 | 34,113 | 33,818 |
| Total Expenses | - | 106,368 | 105,256 | 106,102 | 108,932 |
| Operating Income | - | 30,467 | 28,718 | 28,686 | 29,259 |
| Total Operating Income As Reported | - | 30,467 | 22,877 | 28,686 | 29,259 |
| EBITDA | - | 48,983 | 40,135 | 47,520 | 47,715 |
| Normalized EBITDA | - | 50,060 | 45,668 | 47,135 | 47,347 |
| EBIT | - | 31,884 | 22,511 | 29,628 | 29,366 |
| Interest Income | - | 146 | 354 | 336 | 329 |
| Interest Expense | - | 3,613 | 5,524 | 6,649 | 6,694 |
| Net Interest Income | - | -3,467 | -5,170 | -6,313 | -6,365 |
| Other Non Operating Income Expenses | - | 2,304 | -975 | 274 | -590 |
| Other Income Expense | - | 1,271 | -6,561 | 606 | -222 |
| Interest Income Non Operating | - | 146 | 354 | 336 | 329 |
| Interest Expense Non Operating | - | 3,613 | 5,524 | 6,649 | 6,694 |
| Net Non Operating Interest Income Expense | - | -3,467 | -5,170 | -6,313 | -6,365 |
| Pretax Income | - | 28,271 | 16,987 | 22,979 | 22,672 |
| Tax Provision | - | 6,523 | 4,892 | 5,030 | 5,064 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -248.50 | -1,593.42 | 84.32 | 82.06 |
| Net Income Continuous Operations | - | 21,748 | 12,095 | 17,949 | 17,608 |
| Net Income From Continuing And Discontinued Operation | - | 21,256 | 11,614 | 17,506 | 17,174 |
| Net Income From Continuing Operation Net Minority Interest | - | 21,256 | 11,614 | 17,506 | 17,174 |
| Net Income | - | 21,256 | 11,614 | 17,506 | 17,174 |
| Net Income Common Stockholders | - | 21,256 | 11,614 | 17,506 | 17,174 |
| Net Income Including Noncontrolling Interests | - | 21,748 | 12,095 | 17,949 | 17,608 |
| Normalized Income | - | 22,084.50 | 15,553.58 | 17,205.31 | 16,888.06 |
| Diluted NI Availto Com Stockholders | - | 21,256 | 11,614 | 17,506 | 17,174 |
| Basic Average Shares | - | 4,202 | 4,211 | 4,218 | 4,226 |
| Diluted Average Shares | - | 4,204 | 4,215 | 4,223 | 4,231 |
| Reconciled Depreciation | - | 17,099 | 17,624 | 17,892 | 18,349 |
| Reconciled Cost Of Revenue | - | 59,133 | 54,887 | 54,097 | 56,765 |
| Total Unusual Items | - | -1,077 | -5,533 | 385 | 368 |
| Total Unusual Items Excluding Goodwill | - | -1,077 | -5,533 | 385 | 368 |
| Minority Interests | - | -492 | -481 | -443 | -434 |
| Special Income Charges | - | -1,077 | -5,533 | 385 | 368 |
| Other Special Charges | - | 1,077 | -308 | -385 | -368 |
| Impairment Of Capital Assets | - | 0 | 5,841 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 17,099 | 17,624 | 17,892 | 18,349 |
| Depreciation And Amortization In Income Statement | - | 17,099 | 17,624 | 17,892 | 18,349 |
| Earnings From Equity Interest | - | 44 | -53 | -53 | 0 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Verizon Communications Inc.this co. | VZ | $187.4B | 10.91↓ discount | 1.79 | 16.4% | 7.33 |
| T-Mobile US, Inc. | TMUS | $191.6B | 17.43 | 3.24 | 18.6% | 9.77 |
| AppLovin Corporation | APP | $187.7B | 56.32 | 87.95 | 156.2% | 43.36 |
| The Walt Disney Company | DIS | $172.5B | 13.91 | 1.57 | 11.3% | 11.06 |
| AT&T Inc. | T | $158.2B |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.21 |
| 1.43 |
| 19.9% |
| 5.39 |
| Comcast Corporation | CMCSA | $83.3B | 4.17 | 0.86 | 20.6% | 3.73 |
| Warner Bros. Discovery, Inc. | WBD | $67.7B | 93.11 | 1.88 | 2.0% | 4.50 |
| Electronic Arts Inc. | EA | $51.0B | 57.50 | 7.54 | 13.1% | 31.86 |
| Take-Two Interactive Software, Inc. | TTWO | $40.2B | -134.89 | 11.46 | -8.5% | 33.54 |
| Peer Median | - | 15.67 | 2.56 | 15.8% | 10.41 | |
Historically, Jan has averaged the highest return (+5.6%); Apr the lowest (-4.5%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.3%Positive MonthJan 2026: +9.31% | +12.6%Positive MonthFeb 2026: +12.62% | +0.1%Neutral MonthMar 2026: +0.12% | -4.3%Negative MonthApr 2026: -4.32% | -0.5%Neutral MonthMay 2026: -0.46% | -11.4%Negative MonthJun 2026: -11.44% | +10.6%Positive MonthJul 2026: +10.56% | +5.4%*Positive MonthAug 2026: +5.45% | — | — | — | — |
| 2025 | -1.5%Neutral MonthJan 2025: -1.50% | +9.4%Positive MonthFeb 2025: +9.42% | +5.2%Positive MonthMar 2025: +5.24% | -2.9%Negative MonthApr 2025: -2.87% | -0.2%Neutral MonthMay 2025: -0.23% | -1.6%Neutral MonthJun 2025: -1.57% | -1.2%Neutral MonthJul 2025: -1.18% | +3.4%Positive MonthAug 2025: +3.44% | -0.6%Neutral MonthSep 2025: -0.63% | -9.6%Negative MonthOct 2025: -9.58% | +3.4%Positive MonthNov 2025: +3.45% | -0.9%Neutral MonthDec 2025: -0.92% |
| 2024 | +12.3%Positive MonthJan 2024: +12.33% | -5.5%Negative MonthFeb 2024: -5.50% | +4.8%Positive MonthMar 2024: +4.85% | -5.9%Negative MonthApr 2024: -5.89% | +4.2%Positive MonthMay 2024: +4.20% | +0.2%Neutral MonthJun 2024: +0.22% | -1.7%Neutral MonthJul 2024: -1.75% | +3.1%Positive MonthAug 2024: +3.11% | +7.5%Positive MonthSep 2024: +7.49% | -6.2%Negative MonthOct 2024: -6.19% | +5.2%Positive MonthNov 2024: +5.25% | -9.8%Negative MonthDec 2024: -9.81% |
| 2023 | +5.5%Positive MonthJan 2023: +5.51% | -6.6%Negative MonthFeb 2023: -6.64% | +0.2%Neutral MonthMar 2023: +0.21% | -0.2%Neutral MonthApr 2023: -0.15% | -8.2%Negative MonthMay 2023: -8.24% | +4.4%Positive MonthJun 2023: +4.38% | -8.4%Negative MonthJul 2023: -8.36% | +2.6%Positive MonthAug 2023: +2.64% | -7.3%Negative MonthSep 2023: -7.35% | +8.4%Positive MonthOct 2023: +8.39% | +9.1%Positive MonthNov 2023: +9.11% | -1.6%Neutral MonthDec 2023: -1.64% |
| 2022 | +2.4%Positive MonthJan 2022: +2.44% | +0.8%Neutral MonthFeb 2022: +0.83% | -5.1%Negative MonthMar 2022: -5.09% | -9.1%Negative MonthApr 2022: -9.11% | +10.8%Positive MonthMay 2022: +10.78% | -1.1%Neutral MonthJun 2022: -1.05% | -9.0%Negative MonthJul 2022: -8.99% | -9.5%Negative MonthAug 2022: -9.48% | -9.2%Negative MonthSep 2022: -9.18% | -1.6%Neutral MonthOct 2022: -1.58% | +4.3%Positive MonthNov 2022: +4.31% | +1.1%Neutral MonthDec 2022: +1.08% |
| 2021 | — | — | — | — | -2.2%Negative MonthMay 2021: -2.25% | -0.8%Neutral MonthJun 2021: -0.81% | -0.4%Neutral MonthJul 2021: -0.45% | -1.4%Neutral MonthAug 2021: -1.40% | -1.8%Neutral MonthSep 2021: -1.80% | -1.9%Neutral MonthOct 2021: -1.89% | -5.1%Negative MonthNov 2021: -5.13% | +3.4%Positive MonthDec 2021: +3.36% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
