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Verizon Communications Inc (VZ) stock

VZNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/3019% below fair value
$46.36−0.19 (-0.41%)

Close on Nov 13, 2026Market cap $192.14BP/E 11.8Yield 5.90%

Verizon Communications operating margin

Operating margin is operating income as a percentage of revenue.

Verizon Communications's operating margin for the twelve months ending Sep 30, 2026 was 20.9%. For fiscal 2025 it was 21.2%, against 21.3% the year before. The highest annual figure on record is 26.5% in fiscal 2013.

Annual operating margin

PeriodPeriod endValueChange (pts)
FY2025Dec 31, 202521.2%−0.1
FY2024Dec 31, 202421.3%+4.2
FY2023Dec 31, 202317.1%−5.2
FY2022Dec 31, 202222.3%−2.0
FY2021Dec 31, 202124.3%+1.8
FY2020Dec 31, 202022.4%−0.6
FY2019Dec 31, 201923.0%+6.0
FY2018Dec 31, 201817.0%−4.7
FY2017Dec 31, 201721.8%−1.5
FY2016Dec 31, 201623.2%−1.9
FY2015Dec 31, 201525.1%+9.7
FY2014Dec 31, 201415.4%−11.1
FY2013Dec 31, 201326.5%+15.2
FY2012Dec 31, 201211.4%−0.3
FY2011Dec 31, 201111.6%−2.1
FY2010Dec 31, 201013.7%−1.1
FY2009Dec 31, 200914.8%+12.1
FY2008Dec 31, 20082.7%−14.0
FY2007Dec 31, 200716.7%–

Quarterly operating margin

Change is against the same quarter a year earlier.

PeriodPeriod endValueChange (pts)
Q3 FY2026Sep 30, 202625.2%+1.2
Q2 FY2026Jun 30, 202621.0%−2.7
Q1 FY2026Mar 31, 202623.9%+0.1
Q4 FY2025Dec 31, 202513.8%−7.0
Q3 FY2025Sep 30, 202524.0%+6.2
Q2 FY2025Jun 30, 202523.7%−0.2
Q1 FY2025Mar 31, 202523.8%+1.0
Q4 FY2024Dec 31, 202420.8%+19.1
Q3 FY2024Sep 30, 202417.8%−4.6
Q2 FY2024Jun 30, 202423.8%+1.7
Q1 FY2024Mar 31, 202422.8%−0.2
Q4 FY2023Dec 31, 20231.7%−18.8
Q3 FY2023Sep 30, 202322.4%−0.6
Q2 FY2023Jun 30, 202322.1%−0.2
Q1 FY2023Mar 31, 202323.0%−0.2
Q4 FY2022Dec 31, 202220.5%−1.8
Q3 FY2022Sep 30, 202223.1%−4.0
Q2 FY2022Jun 30, 202222.4%−1.8
Q1 FY2022Mar 31, 202223.2%−0.4
Q4 FY2021Dec 31, 202122.3%+1.6
Q3 FY2021Sep 30, 202127.1%+2.7
Q2 FY2021Jun 30, 202124.2%+0.0
Q1 FY2021Mar 31, 202123.6%+2.8
Q4 FY2020Dec 31, 202020.7%+1.6
Q3 FY2020Sep 30, 202024.3%−0.5
Q2 FY2020Jun 30, 202024.2%−0.3
Q1 FY2020Mar 31, 202020.8%−3.2
Q4 FY2019Dec 31, 201919.1%+17.2
Q3 FY2019Sep 30, 201924.9%+1.3
Q2 FY2019Jun 30, 201924.5%+3.9
Q1 FY2019Mar 31, 201924.0%+0.9
Q4 FY2018Dec 31, 20181.9%−14.2
Q3 FY2018Sep 30, 201823.5%+1.5
Q2 FY2018Jun 30, 201820.5%−5.7
Q1 FY2018Mar 31, 201823.1%−0.2
Q4 FY2017Dec 31, 201716.1%−8.7
Q3 FY2017Sep 30, 201722.0%–
Q2 FY2017Jun 30, 201726.2%–
Q1 FY2017Mar 31, 201723.4%–
Q4 FY2016Dec 31, 201624.8%–

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