Verizon Communications Inc. (VZ) Stock

Verizon Communications Inc. (VZ) is a Communication Services stock trading at $43.59 (as of 2026-07-17), with a market capitalization of $182.01B and a trailing P/E of 10.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Verizon Communications Inc., through its subsidiaries, provides communications and technology services to consumers, businesses, and governmental entities. Its Consumer segment offers wireless and fixed connectivity services and equipment, while its Business segment delivers network connectivity products, IP-based voice and video, unified communications and collaboration, and customer contact center solutions.

Understand Verizon Communications Inc.: how it makes money

Verizon provides communications and technology services, including wireless postpaid and prepaid plans, wireless equipment, and fixed connectivity like internet and video, and it makes money mainly through subscription service revenues plus related equipment and connectivity sales to consumers, businesses, and government.

Verizon's profit engine is centered on recurring connectivity service revenues (for example, Verizon Wireless Service Revenue and Fios), with wireless equipment revenue serving as an additional but smaller revenue stream.

Revenue by segment (latest quarter)
Consumer$24.9B
Business$7.3B

Business quality (Solid): Clear Consumer versus Business operating revenue split is available, and one operating KPI is supported by the disclosed wireless service revenue. However, detailed operating metrics like subscriber KPIs are not provided here, and the segment totals based on the available candidates do not perfectly reconcile to the latest reported revenue.

Valuation: At 11× earnings, VZ trades 39% below the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring wireless service scale: Verizon Wireless Service Revenue is 20.8B, making it the largest disclosed component among the provided revenue drivers.
  • Service and connectivity mix in the Consumer segment: Consumer revenue is 25.7B and includes wireless services plus Fios revenue of 3.2B, indicating exposure to both mobile and fixed connectivity.
  • Healthy operating profitability at the segment level: Consumer segment EBITDA is 10.5B, supporting that the Consumer segment generates meaningful operating cash flow from its service and connectivity offerings.

Bear case

  • Dependence on wireless service outcomes: Because Verizon Wireless Service Revenue is a dominant disclosed revenue component, any negative change in wireless service performance would likely weigh on overall results.
  • Smaller contribution from fixed and business lines (in the provided split): Fios revenue is 3.2B and Business operating revenues are 7.8B versus Consumer operating revenue of 25.7B, so these lines may have less ability to offset weakness elsewhere.
  • Revenue from equipment is a meaningful but separate stream: Wireless equipment revenue is 7.5B, so shifts in equipment demand or mix could affect results, even though the core engine is service revenue.
Valuation — source: SEC EDGAR (first-party)
Price$43.59
Market Cap$182.01B
P/E Ratio10.5
EV / EBITDA4.2
Price / Book1.74
Price / Sales1.31
DCF Value (model)$93.86
DCF Upside vs Price115.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$138.19B
Net Margin12.4%
Revenue Growth (YoY)2.9%
EPS Growth (YoY)3.4%
Financial Health — source: SEC EDGAR
Altman Z-Score1.26 (distress)
Valuation vs Sector & Industry
Stock P/E10.5
Sector P/E (Communication Services)21.6
Industry P/E (Communication)15.7
vs Sector-51.4%
vs Industry-33.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)1
Top Institutional HolderBlackRock, Inc. ($18.47B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorCommunication Services
IndustryCommunication
CEODaniel H. Schulman
Employees99,400
CountryUS
IPO Date1983-11-21

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VZ earnings history · VZ institutional & insider holders · VZ KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.