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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$34.3B-0.7%
Operating income$7.2B-12.2%
Net income$3.8B-23.3%
EPS (diluted)$0.92-22.0%

Balance sheet

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Cash & equivalents$1.8B-55.4%
Total debt$45.0B-73.5%
Total equity$105.20B+0.8%
Total assets$410.19B+7.0%

Cash flow

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Operating cash flow$10.4B+16.3%

Valuation

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Market cap$195.46B+7.9%
Enterprise value$238.72B-31.2%
P/E12.1×+2.1×
P/S1.4×+0.1×

Profitability

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Gross margin82.3%
Operating margin20.5%-1.0pp
Net margin11.6%-1.6pp
FCF margin13.6%

Returns & leverage

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Return on equity15.4%-2.6pp
Debt / equity0.4×-1.2×
Current ratio0.6×0.0×

Where this comes from

Reported directly by Verizon Communications in its filing.

The source filing: Verizon Communications’s 8-K, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 7:00 AM EDT
Accession
0000732712-26-000040

FAQ

What is Verizon Communications's net debt?
Verizon Communications (VZ) reported net debt of $43.26B in Q2 2026.
How has Verizon Communications's net debt changed year-over-year?
Verizon Communications's net debt decreased by 73.9% year-over-year, from $165.96B to $43.26B.
What is the long-term trend for Verizon Communications's net debt?
Over 5 years (2020 to 2025), Verizon Communications's net debt has grown at a 3.6% compound annual growth rate (CAGR), from $122.76B to $146.48B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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