What are Verizon Communications's profit margins?

Verizon Communications (VZ) runs a 82.3% gross margin and a 21.2% operating margin, with a 12.5% net margin.

Where do Verizon Communications's ratios come from?

Every ratio is computed from Verizon Communications's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Verizon Communications VZ Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	21.2%-0.3pp	21.2%-0.1pp	23%+6.8pp	21.5%+4.1pp	21.5%+4.5pp
Net margin	12.5%-0.7pp	12.4%-0.6pp	14.4%—	13.3%—	13.1%—
Returns
Return on equity	16.8%-1.2pp	16.6%-1.4pp	19.4%—	18%—	18%—
Return on invested capital	11%+2.5pp	9.2%+0.2pp	9.2%+0.9pp	8.5%-0.2pp	8.5%0.0pp
Efficiency
Asset turnover	0.3×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	0.6×0.0×	0.9×+0.3×	0.7×+0.1×	0.6×0.0×	0.6×-0.1×
Leverage
Debt-to-equity	0.5×-1.2×	1.6×+0.1×	1.6×-0.2×	1.6×-0.1×	1.6×-0.2×
Net debt / EBITDA	0.9×-2.6×	3.1×0.0×	3.2×-1.0×	3.5×-0.6×	3.5×-0.7×
Per Share
Book value per share	$24.85+2.9%	$24.99+4.9%	$25.12+8.7%	$24.68+6.8%	$24.15+6.4%
Valuation
Market capitalization	$211.73B+10.9%	$171.74B+2.0%	$185.31B-2.1%	$179.74B+3.4%	$190.95B+8.0%
Price / earnings	12.2×+1.5×	10×+0.4×	9.3×—	9.9×—	10.7×—
Price / sales	1.5×+0.1×	1.2×0.0×	1.3×-0.1×	1.3×0.0×	1.4×+0.1×
Price / book	2×+0.2×	1.6×0.0×	1.7×-0.2×	1.7×-0.1×	1.9×0.0×
EV / EBITDA	5.3×-2.3×	6.7×0.0×	7×-2.1×	7.3×-1.1×	7.5×-1.0×
Dividend yield	5.4%-0.5pp	6.7%0.0pp	6.2%+0.2pp	6.3%-0.1pp	5.9%-0.3pp

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Questions, answered.

What are Verizon Communications's profit margins?: Verizon Communications (VZ) runs a 82.3% gross margin and a 21.2% operating margin, with a 12.5% net margin.
Where do Verizon Communications's ratios come from?: Every ratio is computed from Verizon Communications's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.