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Verizon Communications Inc.
Previous close
$40.57
Day range
$40.42 - $40.85
Year range
$35.40 - $45.36
Market cap
170.41B USD
Avg Volume
16.70M
P/E ratio
17.45
Dividend yield
6.69%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 33.33B | -0.02% |
Operating expense | 12.30B | 1.54% |
Net income | 3.31B | -30.58% |
Net profit margin | 9.92 | -30.53% |
Earnings per share | 1.19 | -2.46% |
EBITDA | 12.44B | 1.49% |
Effective tax rate | 20.71% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 5.01B | 16.31% |
Total assets | 381.16B | -0.95% |
Total liabilities | 283.50B | -0.79% |
Total equity | 97.67B | — |
Shares outstanding | 4.21B | — |
Price to book | 1.77 | — |
Return on assets | 5.25% | — |
Return on capital | 7.23% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 3.31B | -30.58% |
Cash from operations | 9.91B | -8.04% |
Cash from investing | -4.00B | 25.98% |
Cash from financing | -4.42B | 27.09% |
Net change in cash | 1.49B | 317.96% |
Free cash flow | 6.62B | -21.32% |
About
Verizon Communications Inc., is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 114.2 million subscribers as of September 30, 2024.
The company was formed in 1984 as Bell Atlantic as a result of the breakup of the Bell System into seven companies, each a Regional Bell Operating Company, commonly referred to as "Baby Bells." The company was originally headquartered in Philadelphia and operated in the states of Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and West Virginia.
In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX. While Bell Atlantic was the surviving company, the merged company moved its headquarters from Philadelphia to NYNEX's old headquarters in New York City. In 2000, Bell Atlantic acquired GTE, which operated telecommunications companies across most of the rest of the country not already in Bell Atlantic's footprint. Bell Atlantic, the surviving entity, changed its name to Verizon, a portmanteau of veritas and horizon. Wikipedia
Founded
Oct 7, 1983
Headquarters
Website
Employees
103,900