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Verizon Communications VZ Operating margin

Operating margin at other companies

Lumen Technologies logo
Lumen TechnologiesLUMN
-2.6%-6.6pp
Shenandoah Telecom logo
Shenandoah TelecomSHEN
-5.3%-1.1pp
AT&T logo
AT&TT
20.1%+4.2pp
SBA Communications logo
SBA CommunicationsSBAC
47.3%-6.6pp
Crown Castle logo
Crown CastleCCI
47.7%-1.2pp
TDS
Telephone and Data SystemsTDS
3.8%+2.1pp

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%
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

Calculated from Verizon Communications’s reported figures.

Based on trailing twelve months.

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 operating margin?
Verizon Communications (VZ) reported operating margin of 20.5% in Q2 2026.
How has Verizon Communications's operating margin changed year-over-year?
Verizon Communications's operating margin decreased by 4.6% year-over-year, from 21.5% to 20.5%.
What is the long-term trend for Verizon Communications's operating margin?
Over 5 years (2020 to 2025), Verizon Communications's operating margin has grown at a -1.2% compound annual growth rate (CAGR), from 22.4% to 21.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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