SuperworthVerizon Communications profit margin VZ
Gross, operating and net profit as a share of revenue over the last twelve months, from 2003.
- Net margin, 12 months
- 11.6%
- Operating margin, 12 months
- 20.5%
- Net margin on a year earlier
- −1.6 pts
- Peer median
- 10.2%
Over the twelve months to Jun 30, 2026, Verizon Communications kept 11.6% of its revenue as net profit, with an operating margin of 20.5% and a gross margin of 59.3%.
Five years earlier its net margin was 15.0%.
The median for 3 telecom stocks of a similar size is 10.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.4% | 21.2% | 58.9% |
| FY2024 | 13.0% | 21.3% | 59.9% |
| FY2023 | 8.7% | 17.1% | 59.0% |
| FY2022 | 15.5% | 22.3% | 56.8% |
| FY2021 | 16.5% | 24.3% | 57.9% |
| FY2020 | 13.9% | 22.4% | 60.1% |
| FY2019 | 14.6% | 23.0% | 58.5% |
| FY2018 | 11.9% | 17.0% | 57.6% |
| FY2017 | 23.9% | 21.8% | 57.9% |
| FY2016 | 10.4% | 21.5% | 59.2% |
| FY2015 | 13.6% | 25.1% | 60.1% |
| FY2014 | 7.6% | 15.4% | 60.7% |
| FY2013 | 9.5% | 26.5% | 62.8% |
| FY2012 | 0.8% | 11.4% | 60.1% |
| FY2011 | 2.2% | 11.6% | 58.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 11.6% | −1.6 pts | 20.5% | |
| Q1 FY26 | 12.5% | −0.7 pts | 21.2% | |
| Q4 FY25 | 12.4% | −0.6 pts | 21.2% | |
| Q3 FY25 | 14.4% | +7.1 pts | 23.0% | |
| Q2 FY25 | 13.3% | +4.9 pts | 21.5% | |
| Q1 FY25 | 13.1% | +4.7 pts | 21.5% | |
| Q4 FY24 | 13.0% | +4.3 pts | 21.3% | |
| Q3 FY24 | 7.3% | −8.3 pts | 16.3% | |
| Q2 FY24 | 8.4% | −7.2 pts | 17.4% | |
| Q1 FY24 | 8.4% | −7.4 pts | 17.0% | |
| Q4 FY23 | 8.7% | −6.9 pts | 17.1% | |
| Q3 FY23 | 15.6% | +1.4 pts | 22.0% |
Against its peers
Companies in Telecommunications Services nearest Verizon Communications' size, closest first, today.
| Company | Profit margin |
|---|---|
| VZVerizon Communications | 11.6% |
| TMUST-Mobile US | 11.5% |
| TAT&T | n/m |
| CMCSAComcast | 9.0% |
| Peer median | 10.2% |
Where Verizon Communications ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Verizon Communications
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.