7Baggers

Verizon
(NYSE:VZ) 

VZ stock logo

Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wire...

Founded: 1984
Full Time Employees: 117,000 (Dec 2022)
Sector: Communication Services
Industry: Telecom Services
TelecommunicationTechnology
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At a glance:
Bull Thesis:
Bear Thesis:
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Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 2004-09-30 2004-06-30 
                                 
      operating revenues
    		                           18,206,000,000 17,838,000,000 
      service revenues and other
    		28,183,000,000 28,202,000,000 28,249,000,000 28,087,000,000 28,166,000,000 27,987,000,000 27,798,000,000 27,620,000,000 27,658,000,000 27,523,000,000 27,319,000,000 27,152,000,000 27,626,000,000 27,666,000,000 27,115,000,000 27,218,000,000 26,740,000,000 27,565,000,000 28,221,000,000 27,923,000,000 28,268,000,000 27,431,000,000 26,692,000,000 27,481,000,000 27,753,000,000 27,351,000,000 27,197,000,000   
      wireless equipment revenues
    		8,198,000,000 5,619,000,000 6,255,000,000 5,398,000,000 7,515,000,000 5,343,000,000 4,998,000,000 5,361,000,000 7,472,000,000 5,813,000,000 5,277,000,000 5,760,000,000 7,625,000,000 6,575,000,000 6,674,000,000 6,336,000,000 7,327,000,000 5,350,000,000 5,543,000,000 4,944,000,000 6,424,000,000 4,112,000,000 3,755,000,000 4,129,000,000 5,141,000,000 4,720,000,000 4,931,000,000   
      total operating revenues
    		36,381,000,000 33,821,000,000 34,504,000,000 33,485,000,000 35,681,000,000 33,330,000,000 32,796,000,000 32,981,000,000 35,130,000,000 33,336,000,000 32,596,000,000 32,912,000,000 35,251,000,000 34,241,000,000 33,789,000,000 33,554,000,000 34,067,000,000 32,915,000,000 33,764,000,000 32,867,000,000 34,692,000,000 31,543,000,000 30,447,000,000 31,610,000,000 32,894,000,000 32,071,000,000 32,128,000,000   
      yoy
    		1.96% 1.47% 5.21% 1.53% 1.57% -0.02% 0.61% 0.21% -0.34% -2.64% -3.53% -1.91% 3.48% 4.03% 0.07% 2.09% -1.80% 4.35% 10.89% 3.98% 5.47% -1.65% -5.23%       
      qoq
    		7.57% -1.98% 3.04% -6.15% 7.05% 1.63% -0.56% -6.12% 5.38% 2.27% -0.96% -6.64% 2.95% 1.34% 0.70% -1.51% 3.50% -2.51% 2.73% -5.26% 9.98% 3.60% -3.68% -3.90% 2.57% -0.18%    
      operating expenses
    		                             
      cost of services
    		7,098,000,000 6,863,000,000 6,878,000,000 6,950,000,000 6,933,000,000 7,193,000,000 6,904,000,000 6,967,000,000 6,952,000,000 7,084,000,000 6,986,000,000 7,078,000,000 7,185,000,000 7,293,000,000 6,932,000,000 7,227,000,000 7,035,000,000 7,855,000,000 8,324,000,000 8,020,000,000 8,053,000,000 7,955,000,000 7,639,000,000 7,754,000,000 7,902,000,000 7,702,000,000 7,792,000,000   
      cost of wireless equipment
    		9,380,000,000 6,483,000,000 7,007,000,000 6,106,000,000 8,581,000,000 6,047,000,000 5,567,000,000 5,905,000,000 8,230,000,000 6,353,000,000 5,778,000,000 6,426,000,000 8,577,000,000 7,308,000,000 7,488,000,000 7,123,000,000 7,961,000,000 5,673,000,000 5,931,000,000 5,502,000,000 6,769,000,000 4,379,000,000 4,110,000,000 4,542,000,000 5,482,000,000 5,019,000,000    
      selling, general and administrative expense
    		10,380,000,000 7,752,000,000 7,812,000,000 7,874,000,000 8,240,000,000 9,706,000,000 8,024,000,000 8,143,000,000 8,991,000,000 7,995,000,000 8,253,000,000 7,506,000,000 8,046,000,000 7,422,000,000 7,496,000,000 7,172,000,000 7,412,000,000 6,521,000,000 7,324,000,000 7,401,000,000 8,493,000,000 7,339,000,000 7,156,000,000 8,585,000,000 7,216,000,000 7,268,000,000 7,198,000,000 5,132,000,000 5,029,000,000 
      depreciation and amortization expense
    		4,519,000,000 4,618,000,000 4,635,000,000 4,577,000,000 4,506,000,000 4,458,000,000 4,483,000,000 4,445,000,000 4,516,000,000 4,431,000,000 4,359,000,000 4,318,000,000 4,218,000,000 4,324,000,000 4,321,000,000 4,236,000,000 4,051,000,000 3,961,000,000 4,020,000,000 4,174,000,000 4,197,000,000 4,192,000,000 4,181,000,000 4,150,000,000 4,114,000,000 4,232,000,000 4,231,000,000 3,483,000,000 3,440,000,000 
      total operating expenses
    		31,377,000,000 25,716,000,000 26,332,000,000 25,507,000,000 28,260,000,000 27,404,000,000 24,978,000,000 25,460,000,000 34,530,000,000 25,863,000,000 25,376,000,000 25,328,000,000 28,026,000,000 26,347,000,000 26,237,000,000 25,758,000,000 26,459,000,000 24,010,000,000 25,599,000,000 25,097,000,000 27,512,000,000 23,865,000,000 23,086,000,000 25,031,000,000 24,714,000,000 24,221,000,000 24,419,000,000 14,609,000,000 14,110,000,000 
      operating income
    		5,004,000,000 8,105,000,000 8,172,000,000 7,978,000,000 7,421,000,000 5,926,000,000 7,818,000,000 7,521,000,000 600,000,000 7,473,000,000 7,220,000,000 7,584,000,000 7,225,000,000 7,894,000,000 7,552,000,000 7,796,000,000 7,608,000,000 8,905,000,000 8,165,000,000 7,770,000,000 7,180,000,000 7,678,000,000 7,361,000,000 6,579,000,000 8,180,000,000 7,850,000,000 7,709,000,000 3,597,000,000 3,728,000,000 
      yoy
    		-32.57% 36.77% 4.53% 6.08% 1136.83% -20.70% 8.28% -0.83% -91.70% -5.33% -4.40% -2.72% -5.03% -11.35% -7.51% 0.33% 5.96% 15.98% 10.92% 18.10% -12.22% -2.19% -4.51% 82.90% 119.42%     
      qoq
    		-38.26% -0.82% 2.43% 7.51% 25.23% -24.20% 3.95% 1153.50% -91.97% 3.50% -4.80% 4.97% -8.47% 4.53% -3.13% 2.47% -14.56% 9.06% 5.08% 8.22% -6.49% 4.31% 11.89% -19.57% 4.20% 1.83% 114.32% -3.51%  
      operating margin %
    		13.75% 23.96% 23.68% 23.83% 20.80% 17.78% 23.84% 22.80% 1.71% 22.42% 22.15% 23.04% 20.50% 23.05% 22.35% 23.23% 22.33% 27.05% 24.18% 23.64% 20.70% 24.34% 24.18% 20.81% 24.87% 24.48% 23.99% Infinity% Infinity% 
      equity in losses of unconsolidated businesses
    		-750,000 -6,000,000   -11,750,000 -24,000,000 -14,000,000              -11,000,000 -9,000,000 -13,000,000       
      other income
    		-185,000,000 92,000,000 79,000,000 121,000,000 797,000,000 72,000,000 -72,000,000 198,000,000 -807,000,000 170,000,000 210,000,000 114,000,000 2,687,000,000 -439,000,000 49,000,000 -924,000,000 -860,000,000 269,000,000 502,000,000 401,000,000 164,000,000 -774,000,000 -72,000,000 143,000,000   295,000,000   
      interest expense
    		-1,759,000,000 -1,664,000,000 -1,639,000,000 -1,632,000,000 -1,644,000,000 -1,672,000,000 -1,698,000,000 -1,635,000,000 -1,599,000,000 -1,433,000,000 -1,285,000,000 -1,207,000,000 -1,105,000,000 -937,000,000 -785,000,000 -786,000,000 -739,000,000 -801,000,000 -844,000,000 -1,101,000,000 -1,080,000,000 -1,044,000,000 -1,089,000,000      -594,000,000 
      income before provision for income taxes
    		3,063,000,000 6,527,000,000 6,609,000,000 6,473,000,000 6,568,000,000 4,302,000,000 6,034,000,000 6,075,000,000 -1,817,000,000 6,192,000,000 6,112,000,000 6,500,000,000 8,811,000,000 6,520,000,000 6,857,000,000 6,083,000,000              
      provision for income taxes
    		-615,000,000 -1,471,000,000 -1,488,000,000 -1,490,000,000 -1,454,000,000 -891,000,000 -1,332,000,000 -1,353,000,000 -756,000,000 -1,308,000,000 -1,346,000,000 -1,482,000,000 -2,113,000,000 -1,496,000,000 -1,542,000,000 -1,372,000,000             -871,000,000 
      net income
    		2,448,000,000 5,056,000,000 5,121,000,000 4,983,000,000 5,114,000,000 3,411,000,000 4,702,000,000 4,722,000,000 -2,573,000,000 4,884,000,000 4,766,000,000 5,018,000,000 6,698,000,000 5,024,000,000 5,315,000,000 4,711,000,000 4,737,000,000 6,554,000,000 5,949,000,000 5,378,000,000 4,718,000,000 4,504,000,000 4,839,000,000 4,287,000,000 5,337,000,000 4,074,000,000 5,160,000,000 1,796,000,000 1,797,000,000 
      yoy
    		-52.13% 48.23% 8.91% 5.53% -298.76% -30.16% -1.34% -5.90% -138.41% -2.79% -10.33% 6.52% 41.40% -23.34% -10.66% -12.40% 0.40% 45.52% 22.94% 25.45% -11.60% 10.55% -6.22% 138.70% 196.99%     
      qoq
    		-51.58% -1.27% 2.77% -2.56% 49.93% -27.46% -0.42% -283.52% -152.68% 2.48% -5.02% -25.08% 33.32% -5.48% 12.82% -0.55% -27.72% 10.17% 10.62% 13.99% 4.75% -6.92% 12.88% -19.67% 31.00% -21.05% 187.31% -0.06%  
      net income margin %
    		6.73% 14.95% 14.84% 14.88% 14.33% 10.23% 14.34% 14.32% -7.32% 14.65% 14.62% 15.25% 19.00% 14.67% 15.73% 14.04% 13.90% 19.91% 17.62% 16.36% 13.60% 14.28% 15.89% 13.56% 16.22% 12.70% 16.06% Infinity% Infinity% 
      net income attributable to noncontrolling interests
    		106,000,000 106,000,000 118,000,000 104,000,000 109,000,000 105,000,000 109,000,000 120,000,000 132,000,000 122,000,000 118,000,000 109,000,000 121,000,000 124,000,000 116,000,000 131,000,000 124,000,000 147,000,000 149,000,000 133,000,000 130,000,000 147,000,000 139,000,000 131,000,000 143,000,000 130,000,000 128,000,000   
      net income attributable to verizon
    		2,342,000,000 4,950,000,000 5,003,000,000 4,879,000,000 5,005,000,000 3,306,000,000 4,593,000,000 4,602,000,000 -2,705,000,000 4,762,000,000 4,648,000,000 4,909,000,000 6,577,000,000 4,900,000,000 5,199,000,000 4,580,000,000 4,613,000,000 6,407,000,000 5,800,000,000 5,245,000,000 4,588,000,000 4,357,000,000 4,700,000,000 4,156,000,000 5,194,000,000 3,944,000,000 5,032,000,000   
      basic earnings per common share
    		                             
      weighted-average shares outstanding
    		4,226,000,000 4,228,000,000 4,224,000,000 4,222,000,000 4,218,000,000 4,220,000,000 4,215,000,000 4,215,000,000 4,211,000,000 4,213,000,000 4,208,000,000 4,207,000,000 4,202,000,000 4,202,000,000 4,201,000,000 4,201,000,000 4,148,000,000 4,142,000,000 4,141,000,000 4,141,000,000 4,140,000,000 4,140,000,000 4,139,000,000 4,139,000,000 4,138,000,000 4,138,000,000 4,138,000,000 2,769,000,000 2,770,000,000 
      diluted earnings per common share
    		                             
      equity in earnings of unconsolidated businesses
    		  -3,000,000 6,000,000    -9,000,000 -11,000,000 -18,000,000 -33,000,000 9,000,000 4,000,000 2,000,000 41,000,000 -3,000,000            224,000,000 212,000,000 
      equity in earnings (losses) of unconsolidated businesses
    		                2,500,000 1,000,000 1,000,000 8,000,000          
      income before benefit from income taxes
    		                5,819,000,000 8,374,000,000 7,824,000,000 7,078,000,000 6,253,000,000 5,851,000,000 6,187,000,000 5,676,000,000 6,923,000,000 5,310,000,000 6,788,000,000   
      benefit from income taxes
    		                -1,348,750,000 -1,820,000,000 -1,875,000,000 -1,700,000,000 -1,535,000,000 -1,347,000,000 -1,348,000,000       
      wireless cost of equipment
    		                          5,198,000,000   
      cost of services and sales
    		                           5,994,000,000 5,641,000,000 
      sales of businesses
    		                             
      income from other unconsolidated businesses
    		                           2,000,000  
      other income and (expense)
    		                           16,000,000 -2,000,000 
      minority interest
    		                            -676,000,000 
      income before provision for income taxes, discontinued operations and cumulative effect of accounting change
    		                           2,580,000,000 2,668,000,000 
      income before discontinued operations and cumulative effect of accounting change
    		                           1,779,000,000 1,797,000,000 
      discontinued operations
    		                             
      income from operations
    		                           33,000,000  
      income on discontinued operations, net of tax
    		                           17,000,000  
      cumulative effect of accounting change, net of tax
    		                             
      dividends declared per common share
    		                           385,000 385,000 
      loss from operations of iusacell
    		                             
      income tax benefit
    		                             
      loss on discontinued operations, net of tax
    		                             
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 
                                 
        assets
      		                           
        current assets
      		                           
        cash and cash equivalents
      		19,048,000,000 7,706,000,000 3,435,000,000 2,257,000,000 4,194,000,000 4,987,000,000 2,432,000,000 2,365,000,000 2,065,000,000 4,210,000,000 4,803,000,000 2,234,000,000 2,605,000,000 2,082,000,000 1,857,000,000 1,661,000,000 2,921,000,000 9,936,000,000 4,657,000,000 10,205,000,000 22,171,000,000 8,983,000,000 7,882,000,000 7,047,000,000 3,020,000,000 1,949,000,000 2,322,000,000 
        accounts receivable
      		28,347,000,000 27,083,000,000 27,440,000,000 27,033,000,000 27,261,000,000 27,040,000,000 26,702,000,000 26,380,000,000 26,102,000,000 24,559,000,000 24,108,000,000 23,748,000,000 25,332,000,000 24,475,000,000 24,740,000,000 24,474,000,000 24,742,000,000 23,165,000,000 22,237,000,000 23,611,000,000 25,169,000,000 23,846,000,000 23,742,000,000 24,852,000,000 24,713,000,000 24,926,000,000 24,469,000,000 
        less allowance for credit losses
      		1,250,000,000 1,163,000,000 1,165,000,000 1,144,000,000 1,152,000,000 1,086,000,000 1,095,000,000 1,061,000,000 1,017,000,000 957,000,000 922,000,000 892,000,000 826,000,000 805,000,000 831,000,000 859,000,000 896,000,000 970,000,000 980,000,000 1,104,000,000 1,252,000,000 1,229,000,000 1,070,000,000     
        inventories
      		2,441,000,000 2,700,000,000 2,137,000,000 2,197,000,000 2,247,000,000 2,523,000,000 1,841,000,000 2,076,000,000 2,057,000,000 2,240,000,000 1,896,000,000 2,381,000,000 2,388,000,000 3,133,000,000 3,646,000,000 3,659,000,000 3,055,000,000 2,303,000,000 1,421,000,000 1,303,000,000 1,796,000,000 1,457,000,000 1,289,000,000 1,633,000,000 1,538,000,000 1,167,000,000 1,417,000,000 
        prepaid expenses and other
      		8,336,000,000 7,684,000,000 6,999,000,000 7,010,000,000 7,973,000,000 7,177,000,000 8,176,000,000 8,197,000,000 7,607,000,000 8,067,000,000 7,503,000,000 8,251,000,000 8,358,000,000 10,861,000,000 8,087,000,000 6,645,000,000 6,906,000,000 5,843,000,000 8,291,000,000 5,632,000,000 6,710,000,000 5,515,000,000 5,490,000,000 8,228,000,000 5,624,000,000 5,266,000,000 5,189,000,000 
        total current assets
      		56,922,000,000 44,010,000,000 38,846,000,000 37,353,000,000 40,523,000,000 40,641,000,000 38,056,000,000 37,957,000,000 36,814,000,000 38,119,000,000 37,388,000,000 35,722,000,000 37,857,000,000 39,746,000,000 37,499,000,000 35,580,000,000 36,728,000,000 40,277,000,000 35,626,000,000 39,647,000,000 54,594,000,000 38,572,000,000 37,333,000,000 40,705,000,000 34,895,000,000 33,308,000,000 33,397,000,000 
        property, plant and equipment
      		337,991,000,000 334,765,000,000 332,529,000,000 331,888,000,000 331,406,000,000 327,555,000,000 324,978,000,000 322,266,000,000 320,108,000,000 316,767,000,000 313,424,000,000 310,519,000,000 307,689,000,000 300,870,000,000 296,700,000,000 292,568,000,000 289,897,000,000 287,421,000,000 283,654,000,000 282,742,000,000 279,737,000,000 276,210,000,000 272,714,000,000 268,993,000,000 260,053,000,000 257,395,000,000 254,457,000,000 
        less accumulated depreciation
      		228,524,000,000 226,298,000,000 224,460,000,000 223,965,000,000 222,884,000,000 220,027,000,000 217,088,000,000 214,403,000,000 211,798,000,000 209,277,000,000 206,154,000,000 203,532,000,000 200,255,000,000 197,866,000,000 195,390,000,000 192,725,000,000 190,201,000,000 191,665,000,000 189,452,000,000 187,866,000,000 184,904,000,000 183,028,000,000 179,960,000,000 176,816,000,000 171,204,000,000 169,577,000,000 166,608,000,000 
        investments in unconsolidated businesses
      		785,000,000 799,000,000 807,000,000 820,000,000 842,000,000 867,000,000 908,000,000 941,000,000 953,000,000 929,000,000 1,015,000,000 1,052,000,000 1,071,000,000 1,083,000,000 1,113,000,000 1,074,000,000 1,061,000,000 1,100,000,000 560,000,000 555,000,000 589,000,000 535,000,000 529,000,000 543,000,000 628,000,000 650,000,000 674,000,000 
        wireless licenses
      		157,039,000,000 156,926,000,000 156,820,000,000 156,726,000,000 156,613,000,000 156,481,000,000 156,291,000,000 156,111,000,000 155,667,000,000 155,465,000,000 151,337,000,000 150,485,000,000 149,796,000,000 149,292,000,000 148,724,000,000 148,083,000,000 147,619,000,000 145,767,000,000 98,034,000,000 98,012,000,000 96,097,000,000 95,958,000,000 95,767,000,000 92,471,000,000 94,433,000,000 94,333,000,000 94,237,000,000 
        goodwill
      		22,841,000,000 22,841,000,000 22,841,000,000 22,842,000,000 22,841,000,000 22,844,000,000 22,842,000,000 22,842,000,000 22,843,000,000 28,642,000,000 28,647,000,000 28,674,000,000 28,671,000,000 28,548,000,000 28,638,000,000 28,629,000,000 28,603,000,000 24,887,000,000 24,915,000,000 24,837,000,000 24,773,000,000 24,799,000,000 24,667,000,000 24,382,000,000 24,570,000,000 24,632,000,000 24,635,000,000 
        other intangible assets
      		10,458,000,000 10,516,000,000 10,635,000,000 10,847,000,000 11,129,000,000 10,674,000,000 10,680,000,000 10,835,000,000 11,057,000,000 10,952,000,000 11,097,000,000 11,246,000,000 11,461,000,000 11,196,000,000 11,286,000,000 11,432,000,000 11,677,000,000 7,022,000,000 7,002,000,000 9,304,000,000 9,413,000,000 9,599,000,000 9,600,000,000 9,371,000,000 9,264,000,000 9,474,000,000 9,608,000,000 
        operating lease right-of-use assets
      		23,498,000,000 23,760,000,000 23,949,000,000 24,175,000,000 24,472,000,000 23,613,000,000 24,064,000,000 24,351,000,000 24,726,000,000 25,086,000,000 25,345,000,000 25,947,000,000 26,130,000,000 26,588,000,000 27,098,000,000 27,494,000,000 27,883,000,000 27,969,000,000 28,180,000,000 22,315,000,000 22,531,000,000 22,680,000,000 22,431,000,000 22,472,000,000 22,218,000,000 22,467,000,000 23,105,000,000 
        other assets
      		23,248,000,000 21,012,000,000 21,318,000,000 19,678,000,000 19,769,000,000 18,516,000,000 18,415,000,000 19,258,000,000 19,885,000,000 18,147,000,000 17,856,000,000 17,603,000,000 17,260,000,000 15,633,000,000 14,479,000,000 13,581,000,000 13,329,000,000 10,679,000,000 14,761,000,000 10,537,000,000 13,651,000,000 11,669,000,000 10,178,000,000 12,379,000,000 10,018,000,000 10,426,000,000 10,442,000,000 
        total assets
      		404,258,000,000 388,331,000,000 383,285,000,000 380,364,000,000 384,711,000,000 381,164,000,000 379,146,000,000 380,158,000,000 380,255,000,000 384,830,000,000 379,955,000,000 377,716,000,000 379,680,000,000 375,090,000,000 370,147,000,000 365,716,000,000 366,596,000,000 353,457,000,000 349,190,000,000 345,573,000,000 316,481,000,000 296,994,000,000 293,259,000,000 294,500,000,000 284,875,000,000 283,108,000,000 283,947,000,000 
        liabilities and equity
      		                           
        current liabilities
      		                           
        debt maturing within one year
      		18,618,000,000 20,146,000,000 22,067,000,000 22,629,000,000 22,633,000,000 21,763,000,000 23,255,000,000 15,594,000,000 12,973,000,000 12,950,000,000 14,827,000,000 12,081,000,000 9,963,000,000 14,995,000,000 12,873,000,000 13,421,000,000 7,443,000,000 7,623,000,000 7,023,000,000 8,802,000,000 5,889,000,000 5,770,000,000 6,651,000,000 11,175,000,000 7,830,000,000 8,773,000,000 8,614,000,000 
        accounts payable and accrued liabilities
      		24,981,000,000 20,700,000,000 19,880,000,000 19,413,000,000 23,374,000,000 22,222,000,000 19,727,000,000 20,139,000,000 23,453,000,000 26,140,000,000 20,067,000,000 19,273,000,000 23,977,000,000 22,235,000,000 20,956,000,000 18,169,000,000 24,833,000,000 20,153,000,000 17,328,000,000 17,219,000,000 20,658,000,000 17,391,000,000 19,297,000,000 17,419,000,000 19,566,000,000 17,633,000,000 18,664,000,000 
        current operating lease liabilities
      		4,542,000,000 4,501,000,000 4,731,000,000 4,686,000,000 4,415,000,000 4,312,000,000 4,247,000,000 4,282,000,000 4,266,000,000 3,906,000,000 4,211,000,000 4,177,000,000 4,134,000,000 3,961,000,000 3,912,000,000 3,847,000,000 3,859,000,000 3,606,000,000 3,881,000,000 3,536,000,000 3,485,000,000 3,494,000,000 3,270,000,000 3,331,000,000 2,959,000,000 3,154,000,000 2,997,000,000 
        other current liabilities
      		14,229,000,000 14,216,000,000 14,274,000,000 14,338,000,000 14,349,000,000 13,519,000,000 13,577,000,000 13,616,000,000 12,531,000,000 12,681,000,000 12,299,000,000 12,237,000,000 12,097,000,000 11,950,000,000 11,483,000,000 11,148,000,000 11,025,000,000 9,976,000,000 11,846,000,000 9,173,000,000 9,628,000,000 9,530,000,000 9,668,000,000 9,132,000,000 8,854,000,000 8,654,000,000 8,332,000,000 
        total current liabilities
      		62,370,000,000 59,563,000,000 60,952,000,000 61,066,000,000 64,771,000,000 61,816,000,000 60,806,000,000 53,631,000,000 53,223,000,000 55,677,000,000 51,404,000,000 47,768,000,000 50,171,000,000 53,141,000,000 49,224,000,000 46,585,000,000 47,160,000,000 41,358,000,000 40,078,000,000 38,730,000,000 39,660,000,000 36,185,000,000 38,886,000,000 41,057,000,000 39,209,000,000 38,214,000,000 38,607,000,000 
        long-term debt
      		139,532,000,000 126,629,000,000 123,929,000,000 121,020,000,000 121,381,000,000 128,878,000,000 126,022,000,000 136,104,000,000 137,701,000,000 134,441,000,000 137,871,000,000 140,772,000,000 140,676,000,000 132,912,000,000 136,184,000,000 139,961,000,000 143,425,000,000 143,352,000,000 144,894,000,000 149,700,000,000 123,173,000,000 109,790,000,000 106,190,000,000 106,561,000,000 101,769,000,000 104,598,000,000 105,045,000,000 
        employee benefit obligations
      		11,099,000,000 11,072,000,000 11,170,000,000 11,793,000,000 11,997,000,000 12,744,000,000 12,812,000,000 12,805,000,000 13,189,000,000 12,226,000,000 12,357,000,000 12,750,000,000 12,974,000,000 15,912,000,000 15,125,000,000 15,104,000,000 15,410,000,000 16,516,000,000 16,713,000,000 18,252,000,000 18,657,000,000 18,756,000,000 17,821,000,000 17,617,000,000 18,236,000,000 18,040,000,000 17,888,000,000 
        deferred income taxes
      		48,717,000,000 48,226,000,000 46,568,000,000 46,643,000,000 46,732,000,000 45,865,000,000 46,082,000,000 45,980,000,000 45,781,000,000 44,434,000,000 44,055,000,000 43,667,000,000 43,441,000,000 42,094,000,000 42,154,000,000 41,341,000,000 40,685,000,000 38,481,000,000 37,534,000,000 36,747,000,000 35,711,000,000 34,567,000,000 33,798,000,000 33,709,000,000 34,592,000,000 34,225,000,000 34,344,000,000 
        non-current operating lease liabilities
      		18,951,000,000 19,176,000,000 19,164,000,000 19,379,000,000 19,928,000,000 19,247,000,000 19,456,000,000 19,654,000,000 20,002,000,000 20,773,000,000 20,745,000,000 21,303,000,000 21,558,000,000 22,175,000,000 22,597,000,000 22,932,000,000 23,203,000,000 23,507,000,000 23,360,000,000 17,766,000,000 18,000,000,000 18,155,000,000 18,158,000,000 18,117,000,000 18,214,000,000 18,254,000,000 18,971,000,000 
        other liabilities
      		17,848,000,000 17,320,000,000 17,141,000,000 18,426,000,000 19,327,000,000 14,946,000,000 16,429,000,000 16,258,000,000 16,560,000,000 18,191,000,000 17,021,000,000 17,237,000,000 18,397,000,000 20,073,000,000 17,506,000,000 14,618,000,000 13,513,000,000 11,754,000,000 11,499,000,000 11,695,000,000 12,008,000,000 13,011,000,000 14,293,000,000 15,786,000,000 12,543,000,000 11,830,000,000 11,632,000,000 
        total long-term liabilities
      		236,147,000,000 222,423,000,000 217,972,000,000 217,261,000,000 219,365,000,000 221,680,000,000 220,801,000,000 230,801,000,000 233,233,000,000 230,065,000,000 232,049,000,000 235,729,000,000 237,046,000,000 233,166,000,000 233,566,000,000 233,956,000,000 236,236,000,000 233,610,000,000 234,000,000,000 234,160,000,000 207,549,000,000 194,279,000,000 190,260,000,000 191,790,000,000 185,354,000,000 186,947,000,000 187,880,000,000 
        commitments and contingencies
      		                           
        equity
      		                           
        series preferred stock
      		                           
        common stock
      		429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 429,000,000 
        additional paid in capital
      		13,372,000,000 13,408,000,000 13,412,000,000 13,415,000,000 13,466,000,000 13,479,000,000 13,539,000,000 13,571,000,000 13,631,000,000 13,524,000,000 13,523,000,000 13,523,000,000 13,420,000,000 13,467,000,000 13,872,000,000 13,874,000,000 13,861,000,000 13,402,000,000 13,403,000,000 13,408,000,000 13,404,000,000 13,404,000,000 13,281,000,000 13,302,000,000 13,418,000,000 13,419,000,000 13,418,000,000 
        retained earnings
      		94,744,000,000 95,316,000,000 93,275,000,000 91,128,000,000 89,110,000,000 86,958,000,000 86,504,000,000 84,714,000,000 82,915,000,000 88,416,000,000 86,448,000,000 84,543,000,000 82,380,000,000 78,545,000,000 76,401,000,000 73,891,000,000 71,993,000,000 70,062,000,000 66,310,000,000 63,107,000,000 60,464,000,000 58,473,000,000 56,746,000,000 54,557,000,000 50,595,000,000 47,945,000,000 46,493,000,000 
        accumulated other comprehensive loss
      		-1,727,000,000 -1,651,000,000 -1,475,000,000 -1,489,000,000 -923,000,000 -1,665,000,000 -1,287,000,000 -1,199,000,000 -1,380,000,000 -1,428,000,000 -1,921,000,000 -2,177,000,000 -1,865,000,000 -1,700,000,000 -1,320,000,000 -906,000,000 -927,000,000 -709,000,000 -234,000,000         
        common stock in treasury, at cost
      		-3,255,000,000 -3,287,000,000 -3,292,000,000 -3,295,000,000 -3,583,000,000 -3,585,000,000 -3,590,000,000 -3,602,000,000 -3,821,000,000 -3,828,000,000 -3,830,000,000 -3,832,000,000 -4,013,000,000 -4,015,000,000 -4,020,000,000 -4,023,000,000 -4,104,000,000 -6,630,000,000 -6,632,000,000 -6,634,000,000 -6,719,000,000 -6,721,000,000 -6,722,000,000     
        deferred compensation – employee stock ownership plans (esops) and other
      		897,000,000 827,000,000 714,000,000 534,000,000 738,000,000 710,000,000 577,000,000 421,000,000 656,000,000 628,000,000 544,000,000 397,000,000 793,000,000 742,000,000 654,000,000 497,000,000 538,000,000 490,000,000 408,000,000         
        noncontrolling interests
      		1,281,000,000 1,303,000,000 1,298,000,000 1,315,000,000 1,338,000,000 1,342,000,000 1,367,000,000 1,392,000,000 1,369,000,000 1,347,000,000 1,309,000,000 1,336,000,000 1,319,000,000 1,315,000,000 1,341,000,000 1,413,000,000 1,410,000,000 1,445,000,000 1,428,000,000 1,451,000,000 1,430,000,000 1,461,000,000 1,416,000,000 1,443,000,000 1,391,000,000 1,365,000,000 1,604,000,000 
        total equity
      		105,741,000,000 106,345,000,000 104,361,000,000 102,037,000,000 100,575,000,000 97,668,000,000 97,539,000,000 95,726,000,000 93,799,000,000 99,088,000,000 96,502,000,000 94,219,000,000 92,463,000,000 88,783,000,000 87,357,000,000 85,175,000,000 83,200,000,000 78,489,000,000 75,112,000,000 72,683,000,000 69,272,000,000 66,530,000,000 64,113,000,000 61,653,000,000 60,312,000,000 57,947,000,000 57,460,000,000 
        total liabilities and equity
      		404,258,000,000 388,331,000,000 383,285,000,000 380,364,000,000 384,711,000,000 381,164,000,000 379,146,000,000 380,158,000,000 380,255,000,000 384,830,000,000 379,955,000,000 377,716,000,000 379,680,000,000 375,090,000,000 370,147,000,000 365,716,000,000 366,596,000,000 353,457,000,000 349,190,000,000 345,573,000,000 316,481,000,000 296,994,000,000 293,259,000,000 294,500,000,000 284,875,000,000 283,108,000,000 283,947,000,000 
        deposits for wireless licenses
      		                  45,910,000,000 45,490,000,000        
        accumulated other comprehensive income
      		                   640,000,000 -71,000,000 -812,000,000 -1,274,000,000  1,104,000,000 1,447,000,000 2,216,000,000 
        deferred compensation – employee stock ownership plans and other
      		                   282,000,000 335,000,000 296,000,000 237,000,000 149,000,000 197,000,000 165,000,000 125,000,000 
        less allowance for doubtful accounts
      		                           
        less: allowance for credit losses
      		                       1,055,000,000    
        less: allowance for doubtful accounts
      		                           
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 2004-09-30 
                                    
          cash flows from operating activities
        		                            
          net income
        		2,448,000,000 5,056,000,000 5,121,000,000 4,983,000,000 5,114,000,000 3,411,000,000 4,702,000,000 4,722,000,000 -2,573,000,000 4,884,000,000 4,766,000,000 5,018,000,000 6,698,000,000 5,024,000,000 5,315,000,000 4,711,000,000 4,737,000,000 6,554,000,000 5,949,000,000 5,378,000,000 4,718,000,000 4,504,000,000 4,839,000,000 4,287,000,000 5,337,000,000 4,074,000,000 5,160,000,000  
          adjustments to reconcile net income to net cash from operating activities:
        		                            
          depreciation and amortization expense
        		4,519,000,000 4,618,000,000 4,635,000,000 4,577,000,000 4,506,000,000 4,458,000,000 4,483,000,000 4,445,000,000 4,516,000,000 4,431,000,000 4,359,000,000 4,318,000,000 4,218,000,000 4,324,000,000 4,321,000,000 4,236,000,000 4,051,000,000 3,961,000,000 4,020,000,000 4,174,000,000 4,197,000,000 4,192,000,000 4,181,000,000 4,150,000,000 4,114,000,000 4,232,000,000 4,231,000,000  
          employee retirement benefits
        		581,000,000 113,000,000 188,000,000 143,000,000 -521,000,000 115,000,000 292,000,000 62,000,000 1,045,000,000 53,000,000 54,000,000 54,000,000 -2,525,000,000 600,000,000 89,000,000 -210,000,000 -1,463,000,000 -109,000,000 -1,566,000,000 -253,000,000 -27,000,000 899,000,000      267,000,000 
          deferred income taxes
        		531,000,000 1,714,000,000 -37,000,000 132,000,000 568,000,000 -35,000,000 141,000,000 141,000,000 1,566,000,000 189,000,000 302,000,000 331,000,000 1,378,000,000 81,000,000 887,000,000 627,000,000 1,294,000,000 992,000,000 1,216,000,000 762,000,000 1,023,000,000 650,000,000   482,000,000 129,000,000 459,000,000 495,000,000 
          provision for expected credit losses
        		736,000,000 478,000,000 548,000,000 587,000,000 715,000,000 504,000,000 552,000,000 567,000,000 618,000,000 535,000,000 531,000,000 530,000,000 563,000,000 383,000,000 337,000,000 328,000,000             
          equity in losses of unconsolidated businesses, inclusive of dividends received
        		1,000,000 12,000,000 9,000,000 20,000,000  29,000,000                       
          verizon business group goodwill impairment
        		                            
          changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:
        		                            
          accounts receivable
        		                            
          inventories
        		                            
          prepaid expenses and other
        		                            
          accounts payable and accrued liabilities and other current liabilities
        		                            
          other
        		-1,436,000,000 11,000,000 -789,000,000 -42,000,000 -294,000,000 466,000,000 337,000,000 -336,000,000 -1,112,000,000 -926,000,000 -474,000,000 -1,198,000,000 -1,395,000,000 -1,384,000,000 -1,613,000,000 614,000,000 1,062,000,000 -1,397,000,000 811,000,000 -569,000,000 370,000,000 337,000,000 969,000,000 1,104,000,000 -402,000,000 1,862,000,000 88,000,000 -177,000,000 
          net cash from operating activities
        		9,114,000,000 11,266,000,000 8,975,000,000 7,782,000,000 10,432,000,000 9,911,000,000 9,485,000,000 7,084,000,000 8,677,000,000 10,778,000,000 9,731,000,000 8,289,000,000 8,942,000,000 10,534,000,000 10,844,000,000 6,821,000,000 8,377,000,000 10,724,000,000 10,744,000,000 9,694,000,000 9,296,000,000 8,920,000,000 14,728,000,000 8,824,000,000 10,912,000,000 8,755,000,000 7,081,000,000 5,603,000,000 
          cash flows from investing activities
        		                            
          capital expenditures
        		-4,748,000,000 -4,310,000,000 -3,808,000,000 -4,145,000,000 -5,071,000,000 -3,948,000,000 -3,695,000,000 -4,376,000,000 -4,603,000,000 -4,094,000,000 -4,112,000,000 -5,958,000,000 -7,276,000,000 -5,320,000,000 -4,670,000,000 -5,821,000,000 -6,425,000,000 -5,145,000,000 -4,222,000,000 -4,494,000,000 -4,024,000,000 -4,318,000,000 0 0 0 0 0 0 
          free cash flows
        		4,366,000,000 6,956,000,000 5,167,000,000 3,637,000,000 5,361,000,000 5,963,000,000 5,790,000,000 2,708,000,000 4,074,000,000 6,684,000,000 5,619,000,000 2,331,000,000 1,666,000,000 5,214,000,000 6,174,000,000 1,000,000,000 1,952,000,000 5,579,000,000 6,522,000,000 5,200,000,000 5,272,000,000 4,602,000,000 14,728,000,000 8,824,000,000 10,912,000,000 8,755,000,000 7,081,000,000 5,603,000,000 
          cash paid related to acquisitions of businesses, net of cash acquired
        		                            
          acquisitions of wireless licenses
        		-110,000,000 -106,000,000 -112,000,000 -122,000,000 -132,000,000 -155,000,000 -164,000,000 -449,000,000 -3,937,000,000 -774,000,000 -487,000,000 -598,000,000 -763,000,000 -615,000,000 -437,000,000 -1,838,000,000 -569,000,000 -1,749,000,000 -495,000,000 -44,783,000,000 -139,000,000 -186,000,000       
          net cash from investing activities
        		-4,980,000,000 -4,490,000,000 -3,438,000,000 -3,752,000,000 -5,561,000,000 -4,003,000,000 -3,865,000,000 -5,245,000,000 -7,824,000,000 -5,408,000,000 -4,090,000,000 -6,110,000,000 -5,342,000,000 -8,664,000,000 -6,661,000,000 -7,995,000,000 -10,135,000,000 -2,617,000,000 -4,748,000,000 -49,653,000,000 -5,043,000,000 -6,345,000,000       
          cash flows from financing activities
        		                            
          proceeds from long-term borrowings
        		14,316,000,000 2,276,000,000   4,000,000 20,000,000 12,000,000 3,110,000,000 19,000,000 496,000,000 999,000,000 504,000,000 2,469,000,000 988,000,000 13,000,000 3,604,000,000 552,000,000 1,038,000,000 61,000,000 31,383,000,000 13,435,000,000 3,082,000,000 3,457,000,000 5,848,000,000 2,123,000,000 4,106,000,000 2,131,000,000 2,000,000 
          proceeds from asset-backed long-term borrowings
        		1,998,000,000 2,378,000,000 2,181,000,000 2,781,000,000 4,193,000,000 2,401,000,000 3,318,000,000 2,510,000,000 1,938,000,000 951,000,000 1,951,000,000 1,754,000,000 4,793,000,000 886,000,000 1,508,000,000 3,545,000,000 5,688,000,000 0 1,695,000,000 1,000,000,000 1,196,000,000 1,595,000,000 0 2,844,000,000 0 2,865,000,000 1,117,000,000  
          repayments of long-term borrowings and finance lease obligations
        		-3,823,000,000 -1,999,000,000 -3,084,000,000 -2,446,000,000 -5,231,000,000 -904,000,000 -1,211,000,000 -4,508,000,000 -613,000,000 -2,968,000,000 -1,275,000,000 -1,325,000,000 -615,000,000 -596,000,000 -849,000,000 -6,556,000,000 -6,159,000,000 -345,000,000 -7,257,000,000 -302,000,000 -922,000,000 -320,000,000       
          repayments of asset-backed long-term borrowings
        		-2,000,000,000 -1,925,000,000 -1,923,000,000 -2,589,000,000 -2,332,000,000 -2,150,000,000 -2,600,000,000 -1,408,000,000 -714,000,000 -1,346,000,000 -1,452,000,000 -931,000,000 -1,301,000,000 -952,000,000 -1,045,000,000 -1,650,000,000 -913,000,000 -894,000,000 -2,261,000,000 -732,000,000 -687,000,000 -2,114,000,000       
          dividends paid
        		-2,912,000,000 -2,857,000,000 -2,856,000,000 -2,856,000,000 -2,850,000,000 -2,801,000,000 -2,802,000,000 -2,796,000,000 -2,794,000,000 -2,744,000,000 -2,743,000,000 -2,744,000,000 -2,739,000,000 -2,688,000,000 -2,724,000,000 -2,654,000,000 -2,648,000,000 -2,599,000,000 -2,597,000,000 -2,601,000,000 -2,596,000,000 -2,546,000,000       
          net cash from financing activities
        		7,209,000,000 -2,551,000,000 -4,378,000,000 -5,893,000,000 -5,623,000,000 -4,415,000,000 -5,634,000,000 -1,428,000,000 -3,016,000,000 -6,055,000,000 -3,203,000,000 -2,383,000,000 -3,076,000,000 -1,616,000,000 -4,082,000,000 245,000,000 -5,192,000,000 -3,081,000,000 -11,406,000,000 27,956,000,000 9,062,000,000 -1,505,000,000 -8,795,000,000 2,563,000,000     
          increase in cash, cash equivalents and restricted cash
        		11,343,000,000 4,225,000,000 1,159,000,000 -1,863,000,000 -752,000,000 1,493,000,000 -14,000,000 411,000,000  -685,000,000       -6,950,000,000 5,026,000,000 -5,410,000,000 -12,003,000,000 13,315,000,000 1,070,000,000 789,000,000 4,407,000,000     
          cash, cash equivalents and restricted cash, beginning of period
        		0 0 0 4,635,000,000 0 0 0 3,497,000,000 0 0 0 4,111,000,000 0 0 0 4,161,000,000 0 0 0 23,498,000,000 0 0 0 3,917,000,000 0 0 3,916,000,000  
          cash, cash equivalents and restricted cash, end of period
        		11,343,000,000 4,225,000,000 1,159,000,000 2,772,000,000 -752,000,000 1,493,000,000 -14,000,000 3,908,000,000 -2,163,000,000 -685,000,000 2,438,000,000 3,907,000,000 524,000,000 254,000,000 101,000,000 3,232,000,000 -6,950,000,000 5,026,000,000 -5,410,000,000 11,495,000,000 13,315,000,000 1,070,000,000 789,000,000 8,324,000,000 1,086,000,000 -417,000,000 3,537,000,000  
          changes in current assets and liabilities, net of effects from acquisition/disposition of businesses
        		 -736,000,000 -700,000,000 -2,618,000,000  963,000,000 -1,041,000,000 -2,531,000,000  1,592,000,000 154,000,000 -774,000,000  1,501,000,000 1,533,000,000 -3,492,000,000  521,000,000 123,000,000 -41,000,000  -1,952,000,000       
          equity in losses of unconsolidated businesses, net of dividends received
        		       14,000,000 15,000,000 20,000,000 39,000,000 10,000,000 3,000,000 5,000,000 -25,000,000 7,000,000 4,000,000 7,000,000 6,000,000 19,000,000 24,000,000 21,000,000 20,000,000 26,000,000 14,000,000 29,000,000 21,000,000  
          cash received related to acquisitions of businesses, net of cash acquired
        		            0 1,000,000               
          collateral receipts (payments) related to derivative contracts
        		    -380,000,000 92,000,000 8,000,000 -432,000,000 718,000,000 -662,000,000                   
          proceeds from disposition of business
        		            0                
          net proceeds from (repayments of) short-term commercial paper
        		                            
          net proceeds from short-term commercial paper
        		       2,347,000,000    342,000,000                 
          decrease in cash, cash equivalents and restricted cash
        		           -204,000,000  254,000,000 101,000,000 -929,000,000             
          cash received related to acquisitions of businesses
        		                            
          collateral repayments (payments) related to derivative contracts
        		           367,000,000                 
          collateral payments related to derivative contracts, net of repayments
        		            2,592,000,000                
          acquisitions of businesses, net of cash acquired
        		                -3,606,000,000 -1,000,000 -50,000,000 -408,000,000 -13,000,000 -108,000,000       
          media goodwill impairment
        		                            
          discretionary employee benefits contributions
        		                            
          proceeds from dispositions of businesses
        		                            
          benefit from expected credit losses
        		                 195,000,000 185,000,000 224,000,000 280,000,000 269,000,000       
          net income on sale of divested businesses
        		                            
          benefit from uncollectible accounts
        		                       553,000,000 393,000,000 419,000,000 319,000,000  
          income before discontinued operations and cumulative effect of accounting change
        		                           1,748,000,000 
          adjustments to reconcile income before discontinued operations and cumulative effect of accounting change to net cash from operating activities:
        		                            
          sales of businesses
        		                            
          provision for uncollectible accounts
        		                           364,000,000 
          income from unconsolidated businesses
        		                            
          acquisitions, net of cash acquired, and investments
        		                            
          proceeds from disposition of businesses
        		                           0 
          net change in short-term investments
        		                           415,000,000 
          repayments of long-term borrowings and capital lease obligations
        		                            
          decrease in short-term obligations, excluding current maturities
        		                            
          proceeds from sale of common stock
        		                           129,000,000 
          purchase of common stock for treasury
        		                            
          decrease in cash and cash equivalents
        		                            
          cash and cash equivalents, beginning of period
        		                           -30,000,000 
          cash and cash equivalents, end of period
        		                           8,000,000 
          depreciation and amortization
        		                            
          increase in short-term obligations, excluding current maturities