Stocks · Communication Services · Telecommunications Services
Verizon Communications Inc. VZ
$45.92 -0.13% Close, Oct 2, 2026 · NYSE · Market cap $191.74B
Low risk
Next earnings report: Oct 26, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 6 quarters (average surprise over the last four: +3.2%).
- Net debt is 3.9× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $138.90B, up 1.4% from a year earlier.
PromtFinance scores
Each score is a percentile within the Communication Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 33%
- EPS growth (TTM, YoY)Bottom 42%
- FCF growth (TTM, YoY)Bottom 49%
- Revenue growth, 3-year CAGRBottom 31%
- Revenue growth accelerationBottom 30%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 36%
- Gross marginTop 38%
- Operating marginTop 13%
- Cash conversion (OCF / net income)Bottom 49%
- Accruals (lower is better)Bottom 33%
- Net debt / EBITDA (lower is better)Bottom 30%
- Interest coverTop 33%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 14%
- Free-cash-flow yieldTop 29%
- EBITDA / enterprise valueTop 24%
- Sales / enterprise valueBottom 33%
- P/E vs own 5-year history (lower is better)Bottom 18%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 35%
- 6-month returnBottom 38%
- 1-year return vs S&P 500Top 37%
- Distance from 52-week highTop 15%
- Trend checklist (0–4)Bottom 45%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 45%
- Consecutive EPS beatsTop 13%
- Share of analysts rating BuyBottom 25%
- Upside to consensus price targetBottom 11%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 8%
- Maximum drawdown, 3 yearsTop 2%
- Beta vs S&P 500 (lower is better)Top 6%
- Net debt / EBITDA (lower is better)Bottom 30%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 2.8% | 1.4% | ↓ |
| EPS growth (YoY) | -2.4% | -10.5% | ↓ |
| Gross margin | 46.1% | 59.1% | ↑ |
| Operating margin | 22.9% | 20.5% | ↓ |
| FCF margin | 14.3% | 15.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.4% | 2.8% | ↓ | Bottom 33% |
| EPS growth (TTM, YoY) | -10.5% | -2.4% | ↓ | Bottom 42% |
| Gross margin | 59.1% | 46.1% | ↑ | Top 38% |
| Operating margin | 20.5% | 22.9% | ↓ | Top 13% |
| Net margin | 11.6% | 13.3% | ↓ | — |
| Free-cash-flow margin | 15.4% | 14.3% | ↑ | — |
| Return on invested capital | 5.8% | — | Top 36% | |
| Revenue growth, 3-year CAGR | 0.3% | — | Bottom 31% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.40×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -0.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.89×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 6.07%
- Net buyback yield (TTM)
- 1.83%
- Shareholder yield
- 7.89%
- Share count change, 1 year
- -1.3%
- Share count change, 3-year CAGR
- -0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 6
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +3.2%
- Average 2-day reaction, last 8
- +2.7%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $48.58
- Target vs current price
- +5.8%
- Analysts with a rating
- 61
- Share rating Buy or Strong Buy
- 38%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 24, 2026 | +2.4% | +5.8% | +5.2% | +12.3% | — |
| Apr 27, 2026 | +4.9% | +1.5% | +3.7% | +4.2% | -4.5% |
| Jan 30, 2026 | +3.8% | +11.8% | +18.3% | +25.9% | +18.3% |
| Oct 29, 2025 | +1.7% | +2.3% | +0.0% | +3.2% | +0.8% |
| Jul 21, 2025 | +2.5% | +4.0% | +5.5% | +8.3% | -2.7% |
| Apr 22, 2025 | +3.5% | +0.6% | -1.3% | +3.2% | -4.6% |
| Jan 24, 2025 | -0.9% | +0.9% | +0.7% | +9.1% | +9.6% |
| Oct 22, 2024 | +0.8% | -5.0% | -4.8% | -3.3% | -11.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 24, 2026 | $1.30 | $1.27 | +2.4% | $34.25B |
| Apr 27, 2026 | $1.28 | $1.22 | +4.9% | $34.25B |
| Jan 30, 2026 | $1.09 | $1.05 | +3.8% | $36.40B |
| Oct 29, 2025 | $1.21 | $1.19 | +1.7% | $33.80B |
| Jul 21, 2025 | $1.22 | $1.19 | +2.5% | $34.50B |
| Apr 22, 2025 | $1.19 | $1.15 | +3.5% | $33.48B |
| Jan 24, 2025 | $1.10 | $1.11 | -0.9% | $35.68B |
| Oct 22, 2024 | $1.19 | $1.18 | +0.8% | $33.33B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 12.0× | 10.0× | 71th | Top 14% |
| P/E (forward) | 9.2× | — | — | — |
| EV / EBITDA | 7.9× | — | — | Top 24% |
| EV / Sales | 2.72× | — | — | Bottom 33% |
| Free-cash-flow yield | 11.17% | — | — | Top 29% |
| Earnings yield | 8.36% | — | — | Top 14% |
P/E over the past five years
Range 6.8× – 17.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +4.8%
- Earnings per share growth (TTM)
- -10.5%
- Change in P/E multiple
- +21.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +4.3%
- 200-day average slope (20 days)
- +1.6%
- Distance from 50-day average
- -5.0%
- Distance from 200-day average
- -1.1%
- RSI (14)
- 34.5
- Relative volume
- 0.93×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 23.3%
- Volatility vs own 5-year history
- 59th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.11
- Correlation with S&P 500
- 0.07
- Current drawdown from 1-year high
- -10.7%
- Maximum drawdown, 3 years
- -18.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 3, 2020 | Oct 13, 2023 | -50.3% | 719 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $191.74B
- P/E (TTM)
- 12.0
- EPS, diluted (TTM)
- $3.84
- Revenue (TTM)
- $138.90B
- Dividend yield
- 7.63%
- 52-week range
- $38.39 – $51.68
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $133.61B | $136.84B | $133.97B | $134.79B | $138.19B |
| Gross profit | $61.11B | $60.60B | $61.46B | $62.80B | $63.08B |
| Operating income | $31.96B | $30.47B | $28.83B | $30.60B | $29.26B |
| Net income | $22.07B | $21.26B | $11.61B | $17.51B | $17.17B |
| EPS (diluted) | $5.32 | $5.06 | $2.75 | $4.15 | $4.06 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.33B | $35.68B | $33.48B | $34.50B | $33.82B | $36.38B | $34.44B | $34.25B |
| Net income | $3.31B | $5.00B | $4.88B | $5.00B | $4.95B | $2.34B | $5.04B | $3.83B |
| EPS (diluted) | $0.78 | $1.18 | $1.15 | $1.18 | $1.17 | $0.55 | $1.20 | $0.92 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $39.54B | $37.14B | $37.48B | $36.91B | $37.14B |
| Capital expenditure | -$20.29B | -$26.74B | -$18.77B | -$17.99B | -$17.01B |
| Free cash flow | $19.25B | $10.40B | $18.71B | $18.92B | $20.13B |
| Dividends paid | -$10.45B | -$10.80B | -$11.03B | -$11.25B | -$11.48B |
| Net share buybacks | $0 | $0 | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.75B
- Total assets
- $410.19B
- Total liabilities
- $304.99B
- Total debt
- $188.46B
- Net debt
- $186.71B
- Shareholders’ equity
- $103.92B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 9, 2026 | $0.71 | Nov 2, 2026 |
| Jul 10, 2026 | $0.71 | Aug 3, 2026 |
| Apr 10, 2026 | $0.71 | May 1, 2026 |
| Jan 12, 2026 | $0.69 | Feb 2, 2026 |
| Oct 10, 2025 | $0.69 | Nov 3, 2025 |
| Jul 10, 2025 | $0.68 | Aug 1, 2025 |
| Apr 10, 2025 | $0.68 | May 1, 2025 |
| Jan 10, 2025 | $0.68 | Feb 3, 2025 |
Short interest
- Shares sold short
- 84,077,299
- Days to cover
- 4.65
- Change vs previous report
- +2.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 2, 2010
- 1,000,000-for-937,889
- Nov 20, 2006
- 50,000-for-48,167
- Jun 30, 1998
- 2-for-1
- May 2, 1990
- 2-for-1
- Apr 18, 1986
- 2-for-1