VERIZON COMMUNICATIONS INC
VZ Communication Services · Telecommunication ServicesEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▲+6 over range · as of 2026-06-30
Revenue -0.7% YoY, earnings -23.3% YoY · sector avg 79
▼−14 over range · as of 2026-06-30
11.2% net margin, 15% return on equity, 16% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 54
▼−4 over range · as of 2026-06-30
Net debt 3.4x EBITDA, 4x interest coverage, 0.6x current ratio · sector avg 62
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $34.3B −0.5% CHARTED Gross margin — — Operating margin 21.0% −3.0pp Net margin 11.2% −3.5pp Net income $3.8B −24.0%Filings
16-09 → 26-06 · following the period bar 31 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 31 filings
10-K FY 2024 2025-02-12 Pro → 10-Q Q3 2024 2024-10-25 Pro → 10-Q Q2 2024 2024-07-25 Pro → 10-Q Q1 2024 2024-04-25 Pro → 10-K FY 2023 2024-02-09 Pro → 10-Q Q3 2023 2023-10-26 Pro → 10-Q Q2 2023 2023-07-28 Pro → 10-Q Q1 2023 2023-04-27 Pro → 10-K FY 2022 2023-02-10 Pro → 10-Q Q3 2022 2022-10-25 Pro → 10-Q Q2 2022 2022-07-28 Pro → 10-Q Q1 2022 2022-04-27 Pro → 10-K FY 2021 2022-02-11 Pro → 10-Q Q3 2021 2021-10-26 Pro → 10-Q Q2 2021 2021-07-28 Pro → 10-Q Q1 2021 2021-04-27 Pro → 10-K FY 2020 2021-02-25 Pro → 10-Q Q3 2020 2020-10-27 Pro → 10-Q Q2 2020 2020-07-28 Pro → 10-Q Q1 2020 2020-04-27 Pro → 10-K FY 2019 2020-02-21 Pro → 10-Q Q3 2019 2019-10-30 Pro → 10-K FY 2018 2019-02-15 Pro → 10-K FY 2017 2018-02-23 Pro → 10-K FY 2016 2017-02-21 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 16-09 | 2016-09-30 | $30.9B |
| 16-12 | 2016-12-31 | $32.3B |
| 17-03 | 2017-03-31 | $29.8B |
| 17-06 | 2017-06-30 | $30.5B |
| 17-09 | 2017-09-30 | $31.7B |
| 17-12 | 2017-12-31 | $34.0B |
| 18-03 | 2018-03-31 | $31.8B |
| 18-06 | 2018-06-30 | $32.2B |
| 18-09 | 2018-09-30 | $32.6B |
| 18-12 | 2018-12-31 | $34.3B |
| 19-03 | 2019-03-31 | $32.1B |
| 19-06 | 2019-06-30 | $32.1B |
| 19-09 | 2019-09-30 | $32.9B |
| 19-12 | 2019-12-31 | $34.8B |
| 20-03 | 2020-03-31 | $31.6B |
| 20-06 | 2020-06-30 | $30.4B |
| 20-09 | 2020-09-30 | $31.5B |
| 20-12 | 2020-12-31 | $34.7B |
| 21-03 | 2021-03-31 | $32.9B |
| 21-06 | 2021-06-30 | $33.8B |
| 21-09 | 2021-09-30 | $32.9B |
| 21-12 | 2021-12-31 | $34.1B |
| 22-03 | 2022-03-31 | $33.6B |
| 22-06 | 2022-06-30 | $33.8B |
| 22-09 | 2022-09-30 | $34.2B |
| 22-12 | 2022-12-31 | $35.3B |
| 23-03 | 2023-03-31 | $32.9B |
| 23-06 | 2023-06-30 | $32.6B |
| 23-09 | 2023-09-30 | $33.3B |
| 23-12 | 2023-12-31 | $35.1B |
| 24-03 | 2024-03-31 | $33.0B |
| 24-06 | 2024-06-30 | $32.8B |
| 24-09 | 2024-09-30 | $33.3B |
| 24-12 | 2024-12-31 | $35.7B |
| 25-03 | 2025-03-31 | $33.5B |
| 25-06 | 2025-06-30 | $34.5B |
| 25-09 | 2025-09-30 | $33.8B |
| 25-12 | 2025-12-31 | $36.4B |
| 26-03 | 2026-03-31 | $34.4B |
| 26-06 | 2026-06-30 | $34.3B |
| Period | Period end | Net income |
|---|---|---|
| 16-09 | 2016-09-30 | $3.6B |
| 16-12 | 2016-12-31 | $4.5B |
| 17-03 | 2017-03-31 | $3.5B |
| 17-06 | 2017-06-30 | $4.4B |
| 17-09 | 2017-09-30 | $3.6B |
| 17-12 | 2017-12-31 | $18.7B |
| 18-03 | 2018-03-31 | $4.5B |
| 18-06 | 2018-06-30 | $4.1B |
| 18-09 | 2018-09-30 | $4.9B |
| 18-12 | 2018-12-31 | $1.9B |
| 19-03 | 2019-03-31 | $5.0B |
| 19-06 | 2019-06-30 | $3.9B |
| 19-09 | 2019-09-30 | $5.2B |
| 19-12 | 2019-12-31 | $5.1B |
| 20-03 | 2020-03-31 | $4.2B |
| 20-06 | 2020-06-30 | $4.7B |
| 20-09 | 2020-09-30 | $4.4B |
| 20-12 | 2020-12-31 | $4.6B |
| 21-03 | 2021-03-31 | $5.2B |
| 21-06 | 2021-06-30 | $5.8B |
| 21-09 | 2021-09-30 | $6.4B |
| 21-12 | 2021-12-31 | $4.6B |
| 22-03 | 2022-03-31 | $4.6B |
| 22-06 | 2022-06-30 | $5.2B |
| 22-09 | 2022-09-30 | $4.9B |
| 22-12 | 2022-12-31 | $6.6B |
| 23-03 | 2023-03-31 | $4.9B |
| 23-06 | 2023-06-30 | $4.6B |
| 23-09 | 2023-09-30 | $4.8B |
| 23-12 | 2023-12-31 | -$2.7B |
| 24-03 | 2024-03-31 | $4.6B |
| 24-06 | 2024-06-30 | $4.6B |
| 24-09 | 2024-09-30 | $3.3B |
| 24-12 | 2024-12-31 | $5.0B |
| 25-03 | 2025-03-31 | $4.9B |
| 25-06 | 2025-06-30 | $5.0B |
| 25-09 | 2025-09-30 | $5.0B |
| 25-12 | 2025-12-31 | $2.3B |
| 26-03 | 2026-03-31 | $5.0B |
| 26-06 | 2026-06-30 | $3.8B |
| Period | Period end | Operating income |
|---|---|---|
| 16-09 | 2016-09-30 | $6.5B |
| 16-12 | 2016-12-31 | $8.0B |
| 17-03 | 2017-03-31 | $7.0B |
| 17-06 | 2017-06-30 | $8.0B |
| 17-09 | 2017-09-30 | $7.0B |
| 17-12 | 2017-12-31 | $5.5B |
| 18-03 | 2018-03-31 | $7.3B |
| 18-06 | 2018-06-30 | $6.6B |
| 18-09 | 2018-09-30 | $7.7B |
| 18-12 | 2018-12-31 | $637.0M |
| 19-03 | 2019-03-31 | $7.7B |
| 19-06 | 2019-06-30 | $7.8B |
| 19-09 | 2019-09-30 | $8.2B |
| 19-12 | 2019-12-31 | $6.6B |
| 20-03 | 2020-03-31 | $6.6B |
| 20-06 | 2020-06-30 | $7.4B |
| 20-09 | 2020-09-30 | $7.7B |
| 20-12 | 2020-12-31 | $7.2B |
| 21-03 | 2021-03-31 | $7.8B |
| 21-06 | 2021-06-30 | $8.2B |
| 21-09 | 2021-09-30 | $8.9B |
| 21-12 | 2021-12-31 | $7.6B |
| 22-03 | 2022-03-31 | $7.8B |
| 22-06 | 2022-06-30 | $7.6B |
| 22-09 | 2022-09-30 | $7.9B |
| 22-12 | 2022-12-31 | $7.2B |
| 23-03 | 2023-03-31 | $7.6B |
| 23-06 | 2023-06-30 | $7.2B |
| 23-09 | 2023-09-30 | $7.5B |
| 23-12 | 2023-12-31 | $600.0M |
| 24-03 | 2024-03-31 | $7.5B |
| 24-06 | 2024-06-30 | $7.8B |
| 24-09 | 2024-09-30 | $5.9B |
| 24-12 | 2024-12-31 | $7.4B |
| 25-03 | 2025-03-31 | $8.0B |
| 25-06 | 2025-06-30 | $8.2B |
| 25-09 | 2025-09-30 | $8.1B |
| 25-12 | 2025-12-31 | $5.0B |
| 26-03 | 2026-03-31 | $8.2B |
| 26-06 | 2026-06-30 | $7.2B |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 16-09 | 2016-09-30 | not scored | not scored | not scored |
| 16-12 | 2016-12-31 | not scored | not scored | not scored |
| 17-03 | 2017-03-31 | not scored | not scored | not scored |
| 17-06 | 2017-06-30 | not scored | not scored | not scored |
| 17-09 | 2017-09-30 | not scored | not scored | not scored |
| 17-12 | 2017-12-31 | not scored | not scored | not scored |
| 18-03 | 2018-03-31 | not scored | not scored | not scored |
| 18-06 | 2018-06-30 | not scored | not scored | not scored |
| 18-09 | 2018-09-30 | not scored | not scored | not scored |
| 18-12 | 2018-12-31 | not scored | not scored | not scored |
| 19-03 | 2019-03-31 | not scored | not scored | not scored |
| 19-06 | 2019-06-30 | not scored | not scored | not scored |
| 19-09 | 2019-09-30 | not scored | not scored | not scored |
| 19-12 | 2019-12-31 | not scored | not scored | not scored |
| 20-03 | 2020-03-31 | not scored | not scored | not scored |
| 20-06 | 2020-06-30 | not scored | not scored | not scored |
| 20-09 | 2020-09-30 | not scored | not scored | not scored |
| 20-12 | 2020-12-31 | not scored | not scored | not scored |
| 21-03 | 2021-03-31 | not scored | not scored | not scored |
| 21-06 | 2021-06-30 | not scored | not scored | not scored |
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 32 | 76 | 32 |
| 23-12 | 2023-12-31 | 27 | 45 | 30 |
| 24-03 | 2024-03-31 | 50 | 57 | 38 |
| 24-06 | 2024-06-30 | 55 | 56 | 26 |
| 24-09 | 2024-09-30 | 21 | 52 | 26 |
| 24-12 | 2024-12-31 | 68 | 57 | 33 |
| 25-03 | 2025-03-31 | 45 | 61 | 30 |
| 25-06 | 2025-06-30 | 50 | 39 | 29 |
| 25-09 | 2025-09-30 | 67 | 51 | 32 |
| 25-12 | 2025-12-31 | 38 | 52 | 41 |
| 26-03 | 2026-03-31 | 54 | 67 | 38 |
| 26-06 | 2026-06-30 | 38 | 63 | 28 |