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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	87.3%+15.3pp	72%-11.4pp	83.5%-9.5pp	92.9%-1.6pp
Net margin	53.3%—	——	——	61.2%-1.4pp
Returns
Return on equity	72.1%—	——	——	100%-16.2pp
Return on invested capital	35.4%+0.9pp	34.5%-0.7pp	35.2%-3.2pp	38.3%-5.3pp
Efficiency
Asset turnover	1.4×0.0×	1.4×0.0×	1.4×-0.1×	1.5×-0.1×
Liquidity
Current ratio	2.9×+0.3×	2.6×-0.2×	2.9×-0.2×	3×-0.6×
Leverage
Debt-to-equity	6.4×-0.4×	6.9×-0.4×	7.2×-0.7×	7.9×-1.3×
Net debt / EBITDA	13.3×-2.4×	15.7×+0.8×	14.8×+0.6×	14.2×0.0×
Per Share
Book value per share	$98.94+6.7%	$92.73+1.9%	$91.04+8.2%	$84.17+12.7%
Valuation
Market capitalization	$727.73B+2.7%	$708.33B+15.0%	$615.74B-18.1%	$752.02B-18.6%
Price / earnings	40×—	——	——	36.3×-8.6×
Price / sales	5.3×0.0×	5.3×+0.7×	4.6×-1.0×	5.6×-1.4×
Price / book	7×-0.3×	7.2×+0.8×	6.4×-2.1×	8.5×-3.5×
EV / EBITDA	28.4×-4.2×	32.6×+4.2×	28.4×-1.4×	29.8×-3.8×
Dividend yield	25.1%-0.2pp	25.3%-3.3pp	28.6%+5.5pp	23.1%+5.2pp

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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.