The Tip Desk

VERIZON COMMUNICATIONS INC

Company Stats

Market Cap
$190.6B
as of Sep 30, 2026
Enterprise Value
$329.7B
Shares Outstanding
4.1B
Free Float
100.0%

Income Statement

Revenue
$138.2B
Operating Income
$29.3B
Net Income
$17.2B
EBITDA
$44.6B
Revenue Growth, 3Y
0.3%
FCF Margin, 3Y Avg
24.7%
FCF Margin, Worst Year
24.1%

Cash Flow

Free Cash Flow
$33.3B
FCF Yield
17.5%

Balance Sheet

Cash & Equivalents
$19.0B
Total Debt
$158.2B
Net Debt
$139.1B
Net Debt / EBITDA
3.12x
EV / EBITDA
7.39x
Net Debt / EBIT
4.75x

Returns & Capital

Dividends Paid
$11.5B
Dividend Yield
6.0%
Dividend Payout, 3Y Avg
75.3%

Cash Flow by Year

YearRevenueFCFMargin
FY2025$138.2B$33.3B24.1%
FY2024$134.8B$33.6B24.9%
FY2023$134.0B$33.7B25.1%
FY2022$136.8B$31.1B22.8%
FY2021$133.6B$33.6B25.2%

Annual filing data through FY ended December 31, 2025; shares and float as of November 8, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage