Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2007–FY2025: $9.5B in buybacks, $157.27B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
At June 30, 2026, our total debt of $165.2 billion included unsecured debt of $136.5 billion and secured debt of $28.8 billion. At December 31, 2025, our total debt of $158.2 billion included unsecured debt of $131.1 billion and secured debt of $27.1 billion. During the six months ended June 30, 2026 and 2025, our effective interest rate was 5.0% and 5.1%, respectively. See Note 5 to the condensed consolidated financial statements for additional information regarding our debt activity, which excludes the impact from mark-to-market adjustments on foreign currency denominated debt.
At March 31, 2026, our total debt of $172.5 billion included unsecured debt of $142.5 billion and secured debt of $30.0 billion. At December 31, 2025, our total debt of $158.2 billion included unsecured debt of $131.1 billion and secured debt of $27.1 billion. During the three months ended March 31, 2026 and 2025, our effective interest rate was 5.0% and 5.1%, respectively. See Note 5 to the condensed consolidated financial statements for additional information regarding our debt activity, which excludes the impact from mark-to-market adjustments on foreign currency denominated debt.
At June 30, 2026, our total debt of $165.2 billion included unsecured debt of $136.5 billion and secured debt of $28.8 billion. At December 31, 2025, our total debt of $158.2 billion included unsecured debt of $131.1 billion and secured debt of $27.1 billion. During the six months ended June 30, 2026 and 2025, our effective interest rate was 5.0% and 5.1%, respectively. See Note 5 to the condensed consolidated financial statements for additional information regarding our debt activity, which excludes the impact from mark-to-market adjustments on foreign currency denominated debt.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
2 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
4 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058
Note · Verizon Communications Inc.
Reference: 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058
Active
Original principal
USD 2,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—
Last reported interest terms:
6.05%
Reported 2026-05-14Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
On May 14, 2026, Verizon Communications Inc. (“Verizon”) closed the sale of $2,000,000,000 aggregate principal amount of its 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2,000,000,000 aggregate principal amount of its 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, pursuant to a purchase agreement with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC and Wells Fargo Securities, LLC, on behalf of themselves and as representatives of the several Purchasers named therein. The notes were sold pursuant to an effective shelf registration statement on Form S-3 (Reg. No. 333-289928), which became effective upon filing with the Securities and Exchange Commission on August 29, 2025 (the “Registration Statement”).
Issuer evidence: On May 14, 2026, Verizon Communications Inc. (“Verizon”) closed the sale of $2,000,000,000 aggregate principal amount of its 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2,000,000,000 aggregate principal amount of its 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, pursuant to a purchase agreement with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC and Wells Fargo Securities, LLC, on behalf of themselves and as representatives of the several Purchasers named therein. The notes were sold pursuant to an effective shelf registration statement on Form S-3 (Reg. No. 333-289928), which became effective upon filing with the Securities and Exchange Commission on August 29, 2025 (the “Registration Statement”).
Supporting evidence: On May 14, 2026, Verizon Communications Inc. (“Verizon”) closed the sale of $2,000,000,000 aggregate principal amount of its 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2,000,000,000 aggregate principal amount of its 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, pursuant to a purchase agreement with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC and Wells Fargo Securities, LLC, on behalf of themselves and as representatives of the several Purchasers named therein. The notes were sold pursuant to an effective shelf registration statement on Form S-3 (Reg. No. 333-289928), which became effective upon filing with the Securities and Exchange Commission on August 29, 2025 (the “Registration Statement”).
6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056
Note · Verizon Communications Inc.
Reference: 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056
Active
Original principal
USD 2,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—
Last reported interest terms:
6.2%
Reported 2026-05-14Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
On May 14, 2026, Verizon Communications Inc. (“Verizon”) closed the sale of $2,000,000,000 aggregate principal amount of its 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2,000,000,000 aggregate principal amount of its 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, pursuant to a purchase agreement with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC and Wells Fargo Securities, LLC, on behalf of themselves and as representatives of the several Purchasers named therein. The notes were sold pursuant to an effective shelf registration statement on Form S-3 (Reg. No. 333-289928), which became effective upon filing with the Securities and Exchange Commission on August 29, 2025 (the “Registration Statement”).
Issuer evidence: On May 14, 2026, Verizon Communications Inc. (“Verizon”) closed the sale of $2,000,000,000 aggregate principal amount of its 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2,000,000,000 aggregate principal amount of its 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, pursuant to a purchase agreement with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC and Wells Fargo Securities, LLC, on behalf of themselves and as representatives of the several Purchasers named therein. The notes were sold pursuant to an effective shelf registration statement on Form S-3 (Reg. No. 333-289928), which became effective upon filing with the Securities and Exchange Commission on August 29, 2025 (the “Registration Statement”).
Supporting evidence: On May 14, 2026, Verizon Communications Inc. (“Verizon”) closed the sale of $2,000,000,000 aggregate principal amount of its 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2,000,000,000 aggregate principal amount of its 6.200% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, pursuant to a purchase agreement with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC and Wells Fargo Securities, LLC, on behalf of themselves and as representatives of the several Purchasers named therein. The notes were sold pursuant to an effective shelf registration statement on Form S-3 (Reg. No. 333-289928), which became effective upon filing with the Securities and Exchange Commission on August 29, 2025 (the “Registration Statement”).
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
2.33×
Peer median 2.50×
EV/EBIT
11.34×
Peer median 11.21×
P/E (TTM)
11.53×
EV/Adj. EBITDA (FY2025)
6.47×
Peer medians compare against the 4 similar-size Telecom Services companies (of 37 listed).
EV/Adj. EBITDA uses
the company-stated
“Consolidated Adjusted EBITDA”,
extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
EV/Adj. EBITDA uses
the company-stated
“Consolidated Adjusted EBITDA”,
extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Verizon Consumer Group Segment
$106,807,000,000
$102,904,000,000
$101,626,000,000
$103,506,000,000
$95,300,000,000
$88,533,000,000
$91,056,000,000
$89,762,000,000
Verizon Business Group Segment
$29,069,000,000
$29,531,000,000
$30,122,000,000
$31,072,000,000
$31,042,000,000
$30,962,000,000
$31,443,000,000
$31,534,000,000
By Product & Service (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Service and Other
$112,721,000,000
$111,571,000,000
$109,652,000,000
$109,625,000,000
$110,449,000,000
$109,872,000,000
$110,305,000,000
$108,605,000,000
Wireless Service
$83,703,000,000
$82,073,000,000
$79,534,000,000
$74,354,000,000
$68,469,000,000
$65,410,000,000
$64,979,000,000
$62,943,000,000
Product
$25,470,000,000
$23,217,000,000
$24,322,000,000
$27,210,000,000
$23,164,000,000
$18,420,000,000
$21,563,000,000
$22,258,000,000
Fios Revenues
$12,922,000,000
$12,899,000,000
$12,849,000,000
$12,823,000,000
$12,694,000,000
$12,139,000,000
$12,142,000,000
$11,939,000,000
Service
—
—
—
—
$67,723,000,000
$64,884,000,000
$65,384,000,000
$64,207,000,000
Business Global Enterprise
—
—
—
—
$10,218,000,000
$10,405,000,000
$10,815,000,000
$11,197,000,000
Consumer Other
—
—
—
—
$7,568,000,000
$7,916,000,000
$7,384,000,000
$6,447,000,000
Media Business
—
—
—
—
$5,300,000,000
$7,000,000,000
$7,500,000,000
$7,700,000,000
Public Sector and Other
—
—
—
—
$6,324,000,000
$6,362,000,000
$5,922,000,000
$5,830,000,000
Small and Medium Business
—
—
—
—
$11,751,000,000
$11,112,000,000
$11,447,000,000
$10,732,000,000
Wholesale
—
—
—
—
$2,680,000,000
$3,013,000,000
$3,198,000,000
$3,713,000,000
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
