What is Verizon Communications's contract assets, non-current?

Verizon Communications (VZ) reported contract assets, non-current of $270.00M in Q1 2026.

How has Verizon Communications's contract assets, non-current changed year-over-year?

Verizon Communications's contract assets, non-current decreased by 10.3% year-over-year, from $301.00M to $270.00M.

What is the long-term trend for Verizon Communications's contract assets, non-current?

Over 4 years (2021 to 2025), Verizon Communications's contract assets, non-current has grown at a 7.4% compound annual growth rate (CAGR), from $195.00M to $259.00M.

What does contract assets, non-current mean?

Unbilled revenue for services performed where payment is expected beyond one year.

Non-Current Assets

Contract Assets, Non-Current

Verizon Communications Contract Assets, Non-Current increased by 4.2% to $270.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.3%, from $301.00M to $270.00M. Over 4 years (FY 2021 to FY 2025), Contract Assets, Non-Current shows an upward trend with a 7.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ4 2021

Last reportedQ1 2026May 1, 2026

How to read this metric

An increase suggests strong long-term project pipelines, while a decrease may indicate project completion or billing milestones being met.

Detailed definition

Contract assets represent the company's right to consideration for services already performed that are not yet billed be...

Peer comparison

Typical for firms with long-term service contracts; peers in project management will show higher levels.

Metric ID: contract_assets_noncurrent

Historical Data

17 periods

	Q4 '21	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$195.00M	$183.00M	$177.00M	$207.00M	$197.00M	$232.00M	$249.00M	$268.00M	$286.00M	$287.00M	$297.00M	$321.00M	$301.00M	$247.00M	$292.00M	$259.00M	$270.00M
QoQ Change	—	-6.2%	-3.3%	+16.9%	-4.8%	+17.8%	+7.3%	+7.6%	+6.7%	+0.3%	+3.5%	+8.1%	-6.2%	-17.9%	+18.2%	-11.3%	+4.2%
YoY Change	—	—	—	+6.2%	—	+26.8%	+40.7%	+29.5%	+45.2%	+23.7%	+19.3%	+19.8%	+5.2%	-13.9%	-1.7%	-19.3%	-10.3%

Range$177.00M – $321.00M

CAGR+8.5%

Avg YoY Growth+13.2%

Median YoY Growth+19.3%

Contract Assets, Non-Current at Other Companies

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Frequently Asked Questions

What is Verizon Communications's contract assets, non-current?: Verizon Communications (VZ) reported contract assets, non-current of $270.00M in Q1 2026.
How has Verizon Communications's contract assets, non-current changed year-over-year?: Verizon Communications's contract assets, non-current decreased by 10.3% year-over-year, from $301.00M to $270.00M.
What is the long-term trend for Verizon Communications's contract assets, non-current?: Over 4 years (2021 to 2025), Verizon Communications's contract assets, non-current has grown at a 7.4% compound annual growth rate (CAGR), from $195.00M to $259.00M.
What does contract assets, non-current mean?: Unbilled revenue for services performed where payment is expected beyond one year.