VERIZON COMMUNICATIONS

World Rank (Jan-07-2022)
52
Market Cap (Jan-07-2022)
227.690 Billion USD
World Rank (Sep-01-2021)
47
Market Cap (Sep-01-2021)
227.710 Billion USD
World Rank (Jan-01-2021)
30
Market Cap (Jan-01-2021)
243.110 Billion USD
World Rank (Jan-2020)
27
Market Cap (Jan 1st 2020)
252.489 Billion USD
Annual Revenue in USD
133,610 Million USD
Annual Net Income in USD
22,060 Million USD
Annual Results for Year Ending
Dec-2021
Total Assets in USD
366,600 Million USD
Total Liabilities in USD
283,400 Million USD
Total Equity in USD
83,200 Million USD
Balance Sheet Summary for Period ending
Dec-2021
Headquarters Region / City
New York
Headquarters Country
USA
Headquarters Sub Region
Northern America
Headquarters Continent
Americas
Company Business
Communication Services
Telecom
Fixed Line Service
Mobile Services
Internet Providers
Television Services
Media
Advertising
Utilities
Telecom Equipment
Stock Category
Dow Jones Index (DJIA)
S&P 500
Stock Exchange
NYSE
Bloomberg
Bloomberg https://www.bloomberg.com/quote/VZ:US
Company Rank in Country in 2022
Company Rank in USA in 2022 is 36
Rank in Country (Jan-2021)
Company Rank in USA in 2021 is 20
Rank in Country (Jan-2020)
Rank in USA in 2020 is 19
Number of Employees
118,400
Employee Count as on Date
As on 2021
CEO:
Hans Vestberg
Yahoo @ NYSE
Wikipedia
Twitter
Company Website:
Verizon - Telecom - Wireless Network Provider
Founded Year
1983
Business Sector:
Top Telecom Companies in USA
Top Media Companies in USA
Top Utilities Companies in USA
Top Telecom Companies in S&P 500
Top Utilities Companies in S&P 500
About Company Business:

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.

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

Total Assets as on Dec-2021 was 366,596 Million USD

Metrics
Verizon Consumer Group has 94 million wireless retail connections as on December-2020 and 7 million broadband connections and 4 million Fios video connections.
Verizon Business Group has 27 million wireless retail postpaid connections as on December-2020 and approximately 482 thousand broadband connections.
For Year ending December-2020, Verizon Consumer Group Revenue was 88.5 billion USD and Verizon Business Group Revenue was 31 Billion USD.
Annual Revenue
VERIZON COMMUNICATIONS Annual Revenues for December-2020 ending is 128.29 Billion USD
Annual Operating Income
28.79 Billion USD for Year ending December-2020
Annual Net Income
VERIZON COMMUNICATIONS Annual Net Income for December-2020 ending is 17.80 Billion USD
Total Current Assets
VERIZON COMMUNICATIONS Total Current Assets as on June-2020 is 37,333 Million USD
Total Assets
VERIZON COMMUNICATIONS Total Assets as on June-2020 is 293,259 Million USD
Total Current Liabilities
VERIZON COMMUNICATIONS Total Current Liabilities as on June-2020 is 38,886 Million USD
Total Liabilities
VERIZON COMMUNICATIONS Total Liabilities as on June-2020 is 229,146 Million USD
Total Equity
VERIZON COMMUNICATIONS Total Equity as on June-2020 is 62,697 Million USD
Annual Results Summary:

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

Annual Results Revenue Operating Income Net Income
Dec-2022 136.83 30.46 21.25
Dec-2021 133.61 32.45 22.06
Dec-2020 128.29 28.79 17.80
Dec-2019 131.87 30.47 19.26
Dec-2018 130.86 26.86 15.52
Dec-2017 126.03 29.18 30.10
Dec-2016 125.98   13.13
Dec-2015 131.62   17.88
Balance Sheet Summary

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

Year Ending: Total Assets Total Liabilities Total Equity
Dec-2022 379,680 287,217 92,463
Dec-2021 366,596 283,396 83,200
Dec-2020 316,481 228,892 69,272
Dec-2019 291,727 228,892 61,395
Dec-2018 264,829 210,119 53,145
Dec-2017 257,143 212,456 43,096
Dec-2016 244,180 220,148 22,524
Quarterly Results Summary:

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

Quarter - Ending Revenue Net Profit
Dec-2022 35.25 6.57
Sep-2022 34.24 4.90
Jun-2022 33.78 5.19
Mar-2022 33.55 4.58
Dec-2021 34.06 4.61
Sep-2021 32.91 6.41
Jun-2021 33.76 5.80
Mar-2021 32.86 5.24
Dec-2020 34.69 4.58
Sep-2020 31.54 4.35
Jun-2020 30.44 4.70
Mar-2020 31.61 4.15
Dec-2019 34.77 5.09
Sep-2019 32.89 5.19
Jun-2019 32.07 3.94
Mar-2019 32.13 5.03
Dec-2018 34.28 1.94
Sep-2018 32.61 4.92
Jun-2018 32.20 4.12
Institutional Investors

Top 30 Institution Investors in VERIZON COMMUNICATIONS as on JUN-30-2022

RANK INSTITUTIONAL HOLDER NAME DATE SHARES HELD CHANGE (SHARES) CHANGE (%) VALUE (IN 1,000S)
1 VANGUARD GROUP INC 6/30/2022 345,733,122 15,512,036 4.70% $14,185,430
2 BLACKROCK INC. 6/30/2022 316,099,553 11,398,708 3.74% $12,969,565
3 STATE STREET CORP 6/30/2022 163,729,827 -4,143,248 -2.47% $6,717,835
4 GEODE CAPITAL MANAGEMENT, LLC 6/30/2022 77,788,479 2,567,166 3.41% $3,191,661
5 BANK OF AMERICA CORP /DE/ 6/30/2022 75,784,030 10,756,496 16.54% $3,109,419
6 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 6/30/2022 63,777,570 3,995,448 6.68% $2,616,794
7 MORGAN STANLEY 6/30/2022 61,046,974 16,446,817 36.88% $2,504,757
8 JPMORGAN CHASE & CO 6/30/2022 53,991,522 14,780,464 37.70% $2,215,272
9 NORTHERN TRUST CORP 6/30/2022 47,369,304 -222,837 -0.47% $1,943,563
10 FMR LLC 6/30/2022 46,131,882 6,042,854 15.07% $1,892,791
11 CAPITAL WORLD INVESTORS 6/30/2022 44,698,934 -5,180,209 -10.39% $1,833,997
12 BANK OF NEW YORK MELLON CORP 6/30/2022 39,350,953 1,763,762 4.69% $1,614,570
13 NORGES BANK 12/31/2021 36,276,315 -2,375,656 -6.15% $1,488,417
14 DIMENSIONAL FUND ADVISORS LP 6/30/2022 32,681,915 -527,603 -1.59% $1,340,939
15 LEGAL & GENERAL GROUP PLC 6/30/2022 31,576,105 923,696 3.01% $1,295,568
16 WELLINGTON MANAGEMENT GROUP LLP 6/30/2022 30,976,360 -1,690,115 -5.17% $1,270,960
17 INVESCO LTD. 6/30/2022 30,295,914 8,805,836 40.98% $1,243,041
18 WELLS FARGO & COMPANY/MN 6/30/2022 28,030,035 -723,379 -2.52% $1,150,072
19 AMERIPRISE FINANCIAL INC 6/30/2022 27,656,591 1,552,239 5.95% $1,134,750
20 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 6/30/2022 27,506,005 -341,377 -1.23% $1,128,571
21 ROYAL BANK OF CANADA 6/30/2022 26,933,923 1,895,989 7.57% $1,105,099
22 CAPITAL RESEARCH GLOBAL INVESTORS 6/30/2022 26,395,963 13,005,978 97.13% $1,083,026
23 UBS ASSET MANAGEMENT AMERICAS INC 6/30/2022 19,950,649 -162,987 -0.81% $818,575
24 DEUTSCHE BANK AG\ 6/30/2022 18,763,481 4,324,722 29.95% $769,866
25 SWISS NATIONAL BANK 6/30/2022 18,209,501 277,200 1.55% $747,136
26 FISHER ASSET MANAGEMENT, LLC 6/30/2022 17,336,618 549,117 3.27% $711,321
27 FRANKLIN RESOURCES INC 6/30/2022 16,638,926 -13,291,252 -44.41% $682,695
28 NUVEEN ASSET MANAGEMENT, LLC 6/30/2022 16,577,914 290,882 1.79% $680,192
29 PARNASSUS INVESTMENTS, LLC 6/30/2022 16,495,313 2,713,653 19.69% $676,803
30 RAYMOND JAMES & ASSOCIATES 6/30/2022 16,015,135 1,081,816 7.24% $657,101

Comments

Verizon rollsout 5G services in United States

Verizon rollsout 5G services in United States. It provides high speed internet which enhances continuous video streaming and real time gaming capabilities.

Apple launch of iPhone 12 model which is having 5G support capabilities coincides with Verizon rollout of 5G services.

It is good for Apple and Verizon in terms of business and revenue growth.

Thu, 15/10/2020 - 06:21

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