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VZ · NYSE

Verizon Communications

Telecom Services · United States

USD 48.09-0.5% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$199.80B
Trailing P/E
12.52x
Forward P/E
9.11x
Quarterly revenue growth
-0.7%
Trailing net margin
11.6%
Indicated dividend yield
5.9%

Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-20 (provider estimate, not issuer-confirmed).

Company background

Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smartwatches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA and wireline broadband, advanced communication services, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company distributes its products and services through direct channels, company-operated stores, digital and omnichannel platforms, indirect agents, business solution resellers, and national retailers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Company website

Q2 2026

Go beyond the headline.

Verizon Stock: Beat, RAISED Guidance, 6% Yield — Why We Say BUY While Wall Street Waits (VZ)

Published 2026-07-24

Comparable businesses

VZ peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricVZVerizon Communications Inc.Snapshot 2026-09-20Financial period: 2026-06-30TAT&T Inc.Snapshot 2026-09-20Financial period: 2026-06-30TMUST-Mobile US, Inc.Snapshot 2026-09-20Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$199.80BUS$174.05BUS$180.40BUS$177.23Bn=2
Forward P/EProvider forward earnings estimate9.11x9.91x11.65x10.78xn=2
EV / EBITDAEnterprise value / trailing EBITDA7.69x7.57x8.67x8.12xn=2
Revenue growthLatest quarter vs prior-year quarter-0.7%2.3%7.9%5.1%n=2
Operating marginLatest reported quarter23.0%24.8%25.2%25.0%n=2
Free cash flow yieldTrailing cash flow / market cap8.7%5.8%6.3%6.1%n=2
Net debt / EBITDANet debt / trailing EBITDA3.76x3.30x3.42x3.36xn=2
Debt / equityTotal debt / positive book equity1.84x1.29x2.14x1.72xn=2
Trailing P/ETrailing twelve-month earnings12.52x8.38x17.61x13.00xn=2
Price / bookPrice / positive book equity per share1.92x1.58x3.21x2.40xn=2
EV / salesEnterprise value / trailing revenue2.83x2.67x3.23x2.95xn=2
Earnings growthLatest quarter vs prior-year quarter-22.0%6.2%5.3%5.8%n=2
Gross marginTrailing twelve months59.5%59.7%63.1%61.4%n=2
Net marginTrailing twelve months11.6%16.9%11.5%14.2%n=2
Return on equityProvider trailing return; positive equity only15.8%18.3%18.0%18.2%n=2
Free cash flow marginTrailing free cash flow / revenue12.6%8.0%12.3%10.1%n=2
Dividend yieldIndicated annual dividend / price5.9%4.4%2.4%3.4%n=2
Earnings payoutProvider trailing dividend payout72.8%36.6%41.2%38.9%n=2
Current ratioCurrent assets / current liabilities0.60x0.97x0.92x0.95xn=2
BetaProvider historical market sensitivity0.240.430.330.38n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for VZ

All available reporting periods
Q2 20262026-07-24
Q1 20262026-04-27
Q4 20252026-04-13

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.