Verizon Communications

World Rank (Jan-05-2024)

70

Market Cap (Jan-05-2024)

165.515 Billion USD

World Rank (Jul-30-2023)

87

Market Cap (Jul-30-2023)

143.060 Billion USD

World Rank (Jan-07-2022)

52

Market Cap (Jan-07-2022)

227.690 Billion USD

World Rank (Jan-01-2021)

30

Market Cap (Jan-01-2021)

243.110 Billion USD

Company Rank in Country in 2023

Rank in USA in July-2023 is 52

Headquarters Country

USA

Nasdaq / NYSE Code

VZ

Key Metrics

Verizon Consumer Group has 94 million wireless retail connections as on December-2020 and 7 million broadband connections and 4 million Fios video connections.

Verizon Business Group has 27 million wireless retail postpaid connections as on December-2020 and approximately 482 thousand broadband connections.

For Year ending December-2020, Verizon Consumer Group Revenue was 88.5 billion USD and Verizon Business Group Revenue was 31 Billion USD.

Market Cap (Mar-08-2026)

215.61

CEO

Hans Vestberg

Employee Count

117,100

Employee Count as of Date

As on Dec-2022

Headquarters City/State

New York

World Region

Americas

World Subregion

Northern America

Annual Revenue in USD

133,974 Million USD

Annual Operating Income in USD

28,718 Million USD

Annual Net Income in USD

11,614 Million USD

Annual Results for Period Ending

Dec-2023 ending year

Total Assets in USD

380,255 Million USD

Total Liabilities in USD

286,456 Million USD

Total Equity in USD

93,799 Million USD

Balance Sheet for Period Ending

Dec-2023 ending year

Business Sector

Communication Services

Telecom

Fixed Line Service

Mobile Telecommunications

Internet / Broadband Providers

Company Website

Verizon - Telecom - Wireless Network Provider

Wikipedia

Yahoo

Yahoo @ NYSE

Company Profile

Verizon Communications is Multi-National Telecommunications Service Providing Company. Verizon Provides Wireless Network Coverage to 98% of USA. Provided 2.5 Square Miles Network coverage in USA and spent 126 Billion USD as Network Investment. Headquarters is in USA.

Facts About Company

As on 2022, Verizon Communications has 117,100 employees.

Verizon Communications annual revenue generated for period ending Dec-2022 was 136.83 billion USD.

Verizon Communications annual net income generated for period ending Dec-2022 was 21.25 billion USD.

Verizon Communications annual revenue generated for period ending Dec-2021 was 133.61 billion USD.

Split of Annual Revenue by business segment for period ending Dec-2021:

Service revenues and other: 110,449 million USD
Wireless equipment revenues: 23,164 million USD

Verizon Communications annual net income generated for period ending Dec-2021 was 22.06 billion USD.

Annual Results Summary

Verizon Communications Inc - Annual Revenue and Net Profit - in Billion USD:

Annual Results	Revenue	Operating Income	Net Income
Dec-2024	134.78	28.68	17.50
Dec-2023	133.97	28.71	11.61
Dec-2022	136.83	30.46	21.25
Dec-2021	133.61	32.45	22.06
Dec-2020	128.29	28.79	17.80
Dec-2019	131.87	30.47	19.26
Dec-2018	130.86	26.86	15.52
Dec-2017	126.03	29.18	30.10
Dec-2016	125.98		13.13
Dec-2015	131.62		17.88

Balance Sheet Summary

Verizon Communications Inc - Balance Sheet Summary - in Million USD:

Year Ending:	Total Assets	Total Liabilities	Total Equity
Dec-2024	384,711	284,136	100,575
Dec-2023	380,255	286,456	93,799
Dec-2022	379,680	287,217	92,463
Dec-2021	366,596	283,396	83,200
Dec-2020	316,481	228,892	69,272
Dec-2019	291,727	228,892	61,395
Dec-2018	264,829	210,119	53,145
Dec-2017	257,143	212,456	43,096
Dec-2016	244,180	220,148	22,524

Founded Year

1983

Institutional Investors

Top 30 Institution Investors in VERIZON COMMUNICATIONS as on SEP-30-2023

RANK	INSTITUTION NAME	DATE	SHARES HELD	CHANGE (SHARES)	CHANGE (%)	VALUE (IN 1,000S)
1	VANGUARD GROUP INC	09/30/2023	35,16,25,025	9,30,367	0.27%	$12,658,501
2	BLACKROCK INC.	09/30/2023	33,91,31,883	1,24,597	0.04%	$12,208,748
3	STATE STREET CORP	09/30/2023	17,40,71,068	-9,68,815	-0.55%	$6,266,558
4	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	09/30/2023	9,80,27,542	45,27,387	4.84%	$3,528,992
5	GEODE CAPITAL MANAGEMENT, LLC	09/30/2023	8,44,78,131	21,06,626	2.56%	$3,041,213
6	MORGAN STANLEY	09/30/2023	7,48,51,554	-32,65,263	-4.18%	$2,694,656
7	NORGES BANK	12/31/2022	4,64,38,445	81,41,372	21.26%	$1,671,784
8	NORTHERN TRUST CORP	09/30/2023	4,46,21,839	20,15,139	4.73%	$1,606,386
9	BANK OF AMERICA CORP /DE/	09/30/2023	3,84,67,738	-2,75,69,313	-41.75%	$1,384,839
10	DIMENSIONAL FUND ADVISORS LP	09/30/2023	3,77,68,184	-16,68,338	-4.23%	$1,359,655
11	BANK OF NEW YORK MELLON CORP	09/30/2023	3,22,74,037	-7,19,681	-2.18%	$1,161,865
12	JPMORGAN CHASE & CO	09/30/2023	3,20,13,967	-1,25,46,835	-28.16%	$1,152,503
13	LEGAL & GENERAL GROUP PLC	09/30/2023	2,97,85,091	-10,15,786	-3.30%	$1,072,263
14	FMR LLC	09/30/2023	2,84,00,326	41,34,150	17.04%	$1,022,412
15	PRICE T ROWE ASSOCIATES INC /MD/	09/30/2023	2,72,62,402	-1,01,51,631	-27.13%	$981,446
18	UBS ASSET MANAGEMENT AMERICAS INC	09/30/2023	2,62,13,441	59,64,181	29.45%	$943,684
19	ROYAL BANK OF CANADA	09/30/2023	2,39,97,861	-33,52,095	-12.26%	$863,923
20	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	09/30/2023	2,30,55,535	98,95,322	75.19%	$829,999
21	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	09/30/2023	2,12,60,009	-34,84,530	-14.08%	$765,360
22	FEDERATED HERMES, INC.	09/30/2023	1,93,23,716	-3,78,309	-1.92%	$695,654
23	INVESCO LTD.	09/30/2023	1,83,84,308	-73,72,995	-28.63%	$661,835
24	AMERIPRISE FINANCIAL INC	09/30/2023	1,80,66,984	-1,00,78,579	-35.81%	$650,411
25	NUVEEN ASSET MANAGEMENT, LLC	09/30/2023	1,71,27,892	-66,348	-0.39%	$616,604
26	WELLS FARGO & COMPANY/MN	09/30/2023	1,63,68,296	-58,40,214	-26.30%	$589,259
27	AMUNDI	09/30/2023	1,59,39,277	16,00,578	11.16%	$573,814
28	GOLDMAN SACHS GROUP INC	09/30/2023	1,48,84,639	-40,42,353	-21.36%	$535,847
29	RAYMOND JAMES & ASSOCIATES	09/30/2023	1,48,06,641	-12,65,545	-7.87%	$533,039
30	LSV ASSET MANAGEMENT	09/30/2023	1,40,25,175	-1,80,032	-1.27%	$504,906
31	UBS GROUP AG	09/30/2023	1,39,28,835	-19,02,559	-12.02%	$501,438
	NORDEA INVESTMENT MANAGEMENT AB	09/30/2023	1,36,50,972	-4,44,618	-3.15%	$491,435