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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	87%-0.3pp	87.3%-0.1pp	87.4%+6.8pp	80.6%+4.1pp	76.6%+4.5pp
Net margin	52.6%-0.7pp	53.3%-0.6pp	53.8%—	——	——
EBITDA margin	140.3%-0.2pp	140.5%-0.1pp	140.6%+6.8pp	133.8%+4.0pp	129.8%+4.6pp
Returns
Return on equity	70.9%-1.2pp	72.1%-1.4pp	73.5%—	——	——
Return on assets	18.6%-0.3pp	19%-0.2pp	19.2%—	——	——
Return on invested capital	37.9%+2.5pp	35.4%+0.2pp	35.2%+0.9pp	34.3%-0.2pp	34.5%0.0pp
Efficiency
Asset turnover	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Liquidity
Current ratio	2.9×0.0×	2.9×+0.3×	2.6×+0.1×	2.5×0.0×	2.5×-0.1×
Quick ratio	2.8×0.0×	2.7×+0.3×	2.5×+0.1×	2.4×0.0×	2.4×-0.1×
Cash ratio	0.6×+0.1×	0.6×+0.2×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Leverage
Debt-to-equity	5.3×-1.2×	6.4×+0.1×	6.3×-0.2×	6.5×-0.1×	6.7×-0.2×
Debt-to-assets	1.4×-0.3×	1.7×0.0×	1.7×0.0×	1.7×0.0×	1.7×0.0×
Net debt / EBITDA	10.7×-2.6×	13.3×0.0×	13.3×-1.0×	14.3×-0.6×	14.9×-0.7×
Interest coverage	17.9×-0.2×	18×+0.1×	18×+1.5×	16.5×+0.8×	15.7×+0.6×
Per Share
Book value per share	$99.65+0.7%	$98.94+1.2%	$97.77+2.1%	$95.76+1.7%	$94.19+1.6%
Valuation
Market capitalization	$748.51B+2.9%	$727.73B+0.5%	$724.34B-0.5%	$728.33B+0.8%	$722.42B+2.0%
Enterprise value	$1.27T-7.4%	$1.37T+0.5%	$1.36T-0.8%	$1.37T+0.2%	$1.37T+0.5%
Price / earnings	41.4×+1.5×	40×+0.4×	39.6×—	——	——
Price / sales	5.4×+0.1×	5.3×0.0×	5.3×-0.1×	5.4×0.0×	5.4×+0.1×
Price / book	7.1×+0.2×	7×0.0×	7×-0.2×	7.2×-0.1×	7.3×0.0×
EV / EBITDA	26.2×-2.3×	28.4×0.0×	28.4×-2.1×	30.5×-1.1×	31.6×-1.0×
EV / sales	9.2×-0.8×	10×0.0×	10×-0.1×	10.1×0.0×	10.2×0.0×
Earnings yield	39%-1.1pp	40.1%-0.4pp	40.5%—	——	——
Dividend yield	24.6%-0.5pp	25.1%0.0pp	25.1%+0.2pp	24.8%-0.1pp	24.9%-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.