Revenue
34.3 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 34313000000 USD Source
Annual consolidated revenue for 2025: about USD 138.2B, using the latest reported figures. The previous period, 2024, was about USD 134.8B.
34.3 billion USD
2026 Q3 · USD
25.21%
2026 Q3 · %
11.5 billion USD
2026 Q3 · USD
4495000000 USD
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
139 billion USD
2025-10-01 – 2026-09-30
16.4 billion USD
2025-10-01 – 2026-09-30
39.1 billion USD
2025-10-01 – 2026-09-30
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-29.
Financial data available through: 2025-12-31.
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Prior period
USD 134.79 billion
–
Current period
USD 138.19 billion
–
138191000000 − 134788000000 = 3403000000 USD
134788000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source138191000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 17.51 billion
–
Current period
USD 17.17 billion
–
17174000000 − 17506000000 = -332000000 USD
17506000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source17174000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 36.91 billion
–
Current period
USD 37.14 billion
–
37137000000 − 36912000000 = 225000000 USD
36912000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source37137000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 125980000000 | 96731000000 Derived | 29249000000 | 16122000000 Derived | 13127000000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 126034000000 | 98609000000 Derived | 27425000000 | -2676000000 Derived | 30101000000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 130863000000 | 108585000000 Derived | 22278000000 | 6750000000 Derived | 15528000000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 131868000000 | 101490000000 Derived | 30378000000 | 11113000000 Derived | 19265000000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 128292000000 | 99494000000 Derived | 28798000000 | 10997000000 Derived | 17801000000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 133613000000 | 101165000000 Derived | 32448000000 | 10383000000 Derived | 22065000000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 136835000000 | 106368000000 Derived | 30467000000 | 9211000000 Derived | 21256000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 133974000000 | 111097000000 Derived | 22877000000 | 11263000000 Derived | 11614000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 134788000000 | 106102000000 Derived | 28686000000 | 11180000000 Derived | 17506000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 138191000000 | 108932000000 Derived | 29259000000 | 12085000000 Derived | 17174000000 | Unavailable | Source
|
Amounts are exact, in USD.
Sales over time and how quickly they are changing.
Revenue reported for each complete financial period.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 125980000000 |
|
| 2017 | Revenue | 126034000000 |
|
| 2018 | Revenue | 130863000000 |
|
| 2019 | Revenue | 131868000000 |
|
| 2020 | Revenue | 128292000000 |
|
| 2021 | Revenue | 133613000000 |
|
| 2022 | Revenue | 136835000000 |
|
| 2023 | Revenue | 133974000000 |
|
| 2024 | Revenue | 134788000000 |
|
| 2025 | Revenue | 138191000000 |
|
Change in revenue from the same financial period one year earlier.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | -4.3% |
|
| 2017 | Year over year | 0% |
|
| 2018 | Year over year | 3.8% |
|
| 2019 | Year over year | 0.8% |
|
| 2020 | Year over year | -2.7% |
|
| 2021 | Year over year | 4.1% |
|
| 2022 | Year over year | 2.4% |
|
| 2023 | Year over year | -2.1% |
|
| 2024 | Year over year | 0.6% |
|
| 2025 | Year over year | 2.5% |
|
How much revenue becomes profit, and how much cash operations generate.
Operating income, net income and free cash flow as a share of revenue.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 23.2% |
|
| 2017 | Operating margin | 21.8% |
|
| 2018 | Operating margin | 17% |
|
| 2019 | Operating margin | 23% |
|
| 2020 | Operating margin | 22.4% |
|
| 2021 | Operating margin | 24.3% |
|
| 2022 | Operating margin | 22.3% |
|
| 2023 | Operating margin | 17.1% |
|
| 2024 | Operating margin | 21.3% |
|
| 2025 | Operating margin | 21.2% |
|
| 2016 | Net margin | 10.4% |
|
| 2017 | Net margin | 23.9% |
|
| 2018 | Net margin | 11.9% |
|
| 2019 | Net margin | 14.6% |
|
| 2020 | Net margin | 13.9% |
|
| 2021 | Net margin | 16.5% |
|
| 2022 | Net margin | 15.5% |
|
| 2023 | Net margin | 8.7% |
|
| 2024 | Net margin | 13% |
|
| 2025 | Net margin | 12.4% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Cash generated by the company’s normal business operations.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 21689000000 |
|
| 2017 | Operating cash flow | 24318000000 |
|
| 2018 | Operating cash flow | 34339000000 |
|
| 2019 | Operating cash flow | 35746000000 |
|
| 2020 | Operating cash flow | 41768000000 |
|
| 2021 | Operating cash flow | 39539000000 |
|
| 2022 | Operating cash flow | 37141000000 |
|
| 2023 | Operating cash flow | 37475000000 |
|
| 2024 | Operating cash flow | 36912000000 |
|
| 2025 | Operating cash flow | 37137000000 |
|
Operating cash flow minus capital expenditure for the same period and unit.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Liabilities and short-term ability to meet obligations at each period end.
Total liabilities as a share of total assets.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Liabilities / assets | Not reported |
|
| 2017-12-31 | Liabilities / assets | Not reported |
|
| 2018-12-31 | Liabilities / assets | Not reported |
|
| 2019-12-31 | Liabilities / assets | Not reported |
|
| 2020-12-31 | Liabilities / assets | Not reported |
|
| 2021-12-31 | Liabilities / assets | Not reported |
|
| 2022-12-31 | Liabilities / assets | Not reported |
|
| 2023-12-31 | Liabilities / assets | Not reported |
|
| 2024-12-31 | Liabilities / assets | Not reported |
|
| 2025-12-31 | Liabilities / assets | Not reported |
|
Current assets divided by current liabilities.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 0.87× |
|
| 2017 | Current assets / current liabilities | 0.91× |
|
| 2018 | Current assets / current liabilities | 0.91× |
|
| 2019 | Current assets / current liabilities | 0.84× |
|
| 2020 | Current assets / current liabilities | 1.38× |
|
| 2021 | Current assets / current liabilities | 0.78× |
|
| 2022 | Current assets / current liabilities | 0.75× |
|
| 2023 | Current assets / current liabilities | 0.69× |
|
| 2024 | Current assets / current liabilities | 0.63× |
|
| 2025 | Current assets / current liabilities | 0.91× |
|
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 13.13 billion Exact valueExact value: 13127000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 21.69 billion Exact valueExact value: 21689000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 30.1 billion Exact valueExact value: 30101000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 24.32 billion Exact valueExact value: 24318000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 15.53 billion Exact valueExact value: 15528000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 34.34 billion Exact valueExact value: 34339000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 19.27 billion Exact valueExact value: 19265000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 35.75 billion Exact valueExact value: 35746000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 17.8 billion Exact valueExact value: 17801000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 41.77 billion Exact valueExact value: 41768000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 22.07 billion Exact valueExact value: 22065000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 39.54 billion Exact valueExact value: 39539000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 21.26 billion Exact valueExact value: 21256000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 37.14 billion Exact valueExact value: 37141000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 11.61 billion Exact valueExact value: 11614000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 37.48 billion Exact valueExact value: 37475000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 17.51 billion Exact valueExact value: 17506000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 36.91 billion Exact valueExact value: 36912000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 17.17 billion Exact valueExact value: 17174000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 37.14 billion Exact valueExact value: 37137000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
225 filings · 18,848 latest values · 18,839 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000732712, 732712, VZ, edgar:732712
Also known as BELL ATLANTIC CORP, VERIZON COMMUNICATIONS INC, VERIZON COMMUNICATIONS INC., Verizon Communications Inc.