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%+10.4pp	87.3%+15.3pp	87.4%+19.6pp	80.6%+7.1pp	76.6%-1.7pp
Net margin	52.6%—	53.3%—	53.8%—	——	——
Returns
Return on equity	70.9%—	72.1%—	73.5%—	——	——
Return on invested capital	37.9%+3.4pp	35.4%+0.9pp	35.2%+0.8pp	34.3%-0.7pp	34.5%-0.4pp
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×+0.4×	2.9×+0.3×	2.6×-0.1×	2.5×-0.2×	2.5×-0.3×
Leverage
Debt-to-equity	5.3×-1.4×	6.4×-0.4×	6.3×-0.8×	6.5×-0.6×	6.7×-0.5×
Net debt / EBITDA	10.7×-4.2×	13.3×-2.4×	13.3×-3.2×	14.3×-1.5×	14.9×-0.5×
Per Share
Book value per share	$99.65+5.8%	$98.94+6.7%	$97.77+7.2%	$95.76+4.6%	$94.19+3.1%
Valuation
Market capitalization	$748.51B+3.6%	$727.73B+2.7%	$724.34B+3.6%	$728.33B+12.7%	$722.42B+14.9%
Price / earnings	41.4×—	40×—	39.6×—	——	——
Price / sales	5.4×+0.1×	5.3×0.0×	5.3×+0.1×	5.4×+0.6×	5.4×+0.7×
Price / book	7.1×-0.2×	7×-0.3×	7×-0.3×	7.2×+0.5×	7.3×+0.7×
EV / EBITDA	26.2×-5.4×	28.4×-4.2×	28.4×-5.3×	30.5×-0.8×	31.6×+1.6×
Dividend yield	24.6%-0.3pp	25.1%-0.2pp	25.1%-0.4pp	24.8%-2.8pp	24.9%-3.3pp

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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.