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VERIZON COMMUNICATIONS INC

LISTEDNYSE

SYMBOLVZ

SIC4813

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK732712

TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	158,591	60.0
Stockholders' equity	105,741	40.0
Total capitalization	264,332	100.0

4,154,775,202 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 31 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	158,150
Long-term debt, noncurrent	139,532
Current maturities	18,618
Short-term borrowings / commercial paper	441

CAPITAL STOCK 12/31/25

Common shares authorized	6,250,000,000
Common shares issued	4,291,433,646
Treasury shares	74,258,296
Par or stated value per share ($)	0.1
Preferred stock ($ millions)	0
Outstanding at 6/30/26	4,154,775,202

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	2.73	67.4
2024	2.69	64.9
2023	2.63	95.8
2022	2.58	51.1
2021	2.54	47.7

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as BELL ATLANTIC CORP (to 13 September 2000).

BUSINESS: Classified by the SEC under Standard Industrial Classification 4813, Telephone Communications (No Radiotelephone). Large accelerated filer. Principal executive office: 1095 Avenue Of The Americas, New York, NY 10036. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Revenues	138,191	134,788	133,974
Selling, general and administrative	33,818	34,113	32,745
Depreciation and amortization	18,349	17,892	17,624
Operating income	29,259	28,686	22,877
Interest expense	6,694	6,649	5,524
Income before income taxes	22,672	22,979	16,987
Income taxes	5,064	5,030	4,892
Net income	17,174	17,506	11,614
Earned per share, diluted ($)	4.06	4.14	2.75
Dividends per share ($)	2.73	2.69	2.63

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Cash and equivalents	19,048	4,194
Inventories	2,441	2,247
Total current assets	56,922	40,523
Property, plant and equipment, net	109,467	108,522
Goodwill	22,841	22,841
Total assets	404,258	384,711
Total current liabilities	62,370	64,771
Long-term debt	139,532	121,381
Total liabilities and equity	404,258	384,711

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	138,191	29,259	17,174	12.4	4.06	2.73	37,137	–	–	404,258	298,517d	158,591	105,741	16.2	1.50
12/31/24	134,788	28,686	17,506	13.0	4.14	2.69	36,912	–	–	384,711	284,136d	144,079	100,575	17.4	1.43
12/31/23	133,974	22,877	11,614	8.7	2.75	2.63	37,475	–	–	380,255	286,456d	150,674	93,799	12.4	1.61
12/31/22	136,835	30,467	21,256	15.5	5.06	2.58	37,141	–	–	379,680	287,217d	150,789	92,463	23.0	1.63
12/31/21	133,613	32,448	22,065	16.5	5.32	2.54	39,539	–	–	366,596	283,396d	150,868	83,200	26.5	1.81
12/31/20	128,292	28,798	17,801	13.9	4.30	2.48	41,768	–	–	316,481	247,209d	129,382	69,272	25.7	1.87
12/31/19	131,868	30,378	19,265	14.6	4.65	2.44	35,746	–	–	291,727	228,892d	111,489	62,835	30.7	1.77
12/31/18	130,863	22,278	15,528	11.9	3.76	2.38	34,339	16,658	17,681	264,829	210,119d	113,213	54,710	28.4	2.07
12/31/17	126,034	27,425	30,101	23.9	7.36	2.33	24,318	17,247	7,071	257,143	212,456d	117,245	44,687	67.4	2.62
12/31/16	125,980	29,249	13,127	10.4	3.21	2.29	21,689	17,059	4,630	244,180	220,148d	107,910	24,032	54.6	4.49

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

VERIZON COMMUNICATIONS INC
CIK 732712 · EIN 23-2259884

PRINCIPAL OFFICE:

1095 Avenue Of The Americas, New York, NY 10036
Tel.: 212-395-1000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

4813 · Telephone Communications (No Radiotelephone)

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 17 February 2026

FORMER NAMES:

BELL ATLANTIC CORP

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/29/26	8-K	period 9/25/26
7/31/26	10-Q	period 6/30/26
7/24/26	8-K	period 7/23/26
7/24/26	8-K	period 7/24/26
6/29/26	8-K	period 6/28/26
6/17/26	8-K	period 6/17/26
6/2/26	8-K	period 6/2/26
5/28/26	8-K	period 5/21/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/17/26) · 10-K FY2024 (filed 2/12/25) · 10-K FY2023 (filed 2/9/24) · 10-K FY2022 (filed 2/10/23) · 10-K FY2021 (filed 2/11/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/21/20) · 10-K FY2018 (filed 2/15/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.