Verizon Communications

Verizon Communications

World Rank (Jul-30-2023)
87
Market Cap (Jul-30-2023)
143.06 Billion USD
World Rank (Dec-25-2022)
59
Market Cap (Dec-25-2022)
161.31 Billion USD
World Rank (Jan-07-2022)
52
Market Cap (Jan-07-2022)
227.69 Billion USD
World Rank (Jan-01-2021)
30
Market Cap (Jan-01-2021)
243.11 Billion USD
Company Rank in Country in 2023
Rank in USA in July-2023 is 52
Company Rank in Country in 2022
Rank in USA in 2022 is 36
World Region
Americas
World Subregion
Northern America
CEO
Hans Vestberg
Employee Count
117,100
Employee Count as of Date
As on Dec-2022
Headquarters Country
USA
Headquarters City/State
New York
Annual Revenue in USD
136,830 Million USD
Annual Operating Income in USD
30,460 Million USD
Annual Net Income in USD
21,250 Million USD
Annual Results for Period Ending
Dec-2022 ending year
Total Assets in USD
379,680 Million USD
Total Liabilities in USD
287,220 Million USD
Total Equity in USD
92,463 Million USD
Balance Sheet for Period Ending
Dec-2022 ending year
Business Sector LC
Communication Services
Telecom
Fixed Line Service
Mobile Services
Internet Providers
Company Website
Verizon - Telecom - Wireless Network Provider
Wikipedia
Wikipedia
Yahoo
Yahoo @ NYSE
Company Profile

Verizon Communications is Multi-National Telecommunications Service Providing Company. Verizon Provides Wireless Network Coverage to 98% of USA. Provided 2.5 Square Miles Network coverage in USA and spent 126 Billion USD as Network Investment. Headquarters is in USA.

Facts About Company

As on 2022, Verizon Communications has 117,100 employees.

Verizon Communications annual revenue generated for period ending Dec-2022 was 136.83 billion USD.

Verizon Communications annual net income generated for period ending Dec-2022 was 21.25 billion USD.

Verizon Communications  annual revenue generated for period ending Dec-2021 was 133.61 billion USD.

Split of Annual Revenue by business segment  for period ending Dec-2021:

  • Service revenues and other: 110,449 million USD
  • Wireless equipment revenues: 23,164 million USD

Verizon Communications  annual net income generated for period ending Dec-2021 was 22.06  billion USD.

Annual Results Summary LC

Verizon Communications Inc - Annual Revenue and Net Profit - in Billion USD:

Annual ResultsRevenueOperating IncomeNet Income
Dec-2022136.8330.4621.25
Dec-2021133.6132.4522.06
Dec-2020128.2928.7917.80
Dec-2019131.8730.4719.26
Dec-2018130.8626.8615.52
Dec-2017126.0329.1830.10
Dec-2016125.98 13.13
Dec-2015131.62 17.88
Balance Sheet Summary LC

Verizon Communications Inc - Balance Sheet Summary - in Million USD:

Year Ending:Total AssetsTotal LiabilitiesTotal Equity
Dec-2022379,680287,21792,463
Dec-2021366,596283,39683,200
Dec-2020316,481228,89269,272
Dec-2019291,727228,89261,395
Dec-2018264,829210,11953,145
Dec-2017257,143212,45643,096
Dec-2016244,180220,14822,524
Quarterly Results Summary LC

Verizon Communications Inc - Quarterly Revenue and Net Profit - in Billion USD:

Quarter - EndingRevenueNet Profit
Sep-202333.334.76
Jun-202332.594.64
Mar-202332.914.90
Dec-202235.256.57
Sep-202234.244.90
Jun-202233.785.19
Mar-202233.554.58
Dec-202134.064.61
Sep-202132.916.41
Jun-202133.765.80
Mar-202132.865.24
Dec-202034.694.58
Sep-202031.544.35
Jun-202030.444.70
Mar-202031.614.15
Dec-201934.775.09
Sep-201932.895.19
Jun-201932.073.94
Mar-201932.135.03
Dec-201834.281.94
Sep-201832.614.92
Jun-201832.204.12
Founded Year
1983
Institutional Investors

Top 30 Institution Investors in VERIZON COMMUNICATIONS as on SEP-30-2023

RANKINSTITUTION NAMEDATESHARES HELDCHANGE (SHARES)CHANGE (%)VALUE (IN 1,000S)
1VANGUARD GROUP INC09/30/202335,16,25,0259,30,3670.27%$12,658,501
2BLACKROCK INC.09/30/202333,91,31,8831,24,5970.04%$12,208,748
3STATE STREET CORP09/30/202317,40,71,068-9,68,815-0.55%$6,266,558
4CHARLES SCHWAB INVESTMENT MANAGEMENT INC09/30/20239,80,27,54245,27,3874.84%$3,528,992
5GEODE CAPITAL MANAGEMENT, LLC09/30/20238,44,78,13121,06,6262.56%$3,041,213
6MORGAN STANLEY09/30/20237,48,51,554-32,65,263-4.18%$2,694,656
7NORGES BANK12/31/20224,64,38,44581,41,37221.26%$1,671,784
8NORTHERN TRUST CORP09/30/20234,46,21,83920,15,1394.73%$1,606,386
9BANK OF AMERICA CORP /DE/09/30/20233,84,67,738-2,75,69,313-41.75%$1,384,839
10DIMENSIONAL FUND ADVISORS LP09/30/20233,77,68,184-16,68,338-4.23%$1,359,655
11BANK OF NEW YORK MELLON CORP09/30/20233,22,74,037-7,19,681-2.18%$1,161,865
12JPMORGAN CHASE & CO09/30/20233,20,13,967-1,25,46,835-28.16%$1,152,503
13LEGAL & GENERAL GROUP PLC09/30/20232,97,85,091-10,15,786-3.30%$1,072,263
14FMR LLC09/30/20232,84,00,32641,34,15017.04%$1,022,412
15PRICE T ROWE ASSOCIATES INC /MD/09/30/20232,72,62,402-1,01,51,631-27.13%$981,446
18UBS ASSET MANAGEMENT AMERICAS INC09/30/20232,62,13,44159,64,18129.45%$943,684
19ROYAL BANK OF CANADA09/30/20232,39,97,861-33,52,095-12.26%$863,923
20ARROWSTREET CAPITAL, LIMITED PARTNERSHIP09/30/20232,30,55,53598,95,32275.19%$829,999
21CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM09/30/20232,12,60,009-34,84,530-14.08%$765,360
22FEDERATED HERMES, INC.09/30/20231,93,23,716-3,78,309-1.92%$695,654
23INVESCO LTD.09/30/20231,83,84,308-73,72,995-28.63%$661,835
24AMERIPRISE FINANCIAL INC09/30/20231,80,66,984-1,00,78,579-35.81%$650,411
25NUVEEN ASSET MANAGEMENT, LLC09/30/20231,71,27,892-66,348-0.39%$616,604
26WELLS FARGO & COMPANY/MN09/30/20231,63,68,296-58,40,214-26.30%$589,259
27AMUNDI09/30/20231,59,39,27716,00,57811.16%$573,814
28GOLDMAN SACHS GROUP INC09/30/20231,48,84,639-40,42,353-21.36%$535,847
29RAYMOND JAMES & ASSOCIATES09/30/20231,48,06,641-12,65,545-7.87%$533,039
30LSV ASSET MANAGEMENT09/30/20231,40,25,175-1,80,032-1.27%$504,906
31UBS GROUP AG09/30/20231,39,28,835-19,02,559-12.02%$501,438
 NORDEA INVESTMENT MANAGEMENT AB09/30/20231,36,50,972-4,44,618-3.15%$491,435
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