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Global 500

Eduardo Munoz Alvarez—VIEW Press/Corbis via Getty Images

37

Verizon

VZ

U.S.

Verizon is looking to move on from 2017. The telecommunications and wireless giant suffered from shrinking service revenue as new unlimited mobile data plans eliminated lucrative overage charges and more customers abandoned Verizon’s wired Fios cable TV service. In a strong year for the stock market and even accounting for Verizon’s rich dividend, shareholders suffered with a total return of only 3.5%. Still, CEO Lowell McAdam finally closed on the acquisition of Yahoo and managed to trim the company’s net debt by $10 billion, or 9%. One other bright spot: Verizon is among the biggest beneficiaries of the massive corporate tax cut, and will get a boost of about $4 billion to its 2018 cash flow.

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CEO

Lowell C. McAdam

Sector

Telecommunications

Industry

Telecommunications

HQ Location

New York City

Years on Global 500 List

24

Employees

155,400

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$126,034
Profits ($M)$30,101.0129.3%
Assets ($M)$257,143
Total Stockholder Equity ($M)$43,096
Profit Ratios
Profit as % of Revenues23.9%
Profits as % of Assets11.7%
Profits as % of Stockholder Equity69.8%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Verizon

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BuzzFeed Employees Vote to Unionize After Major Layoffs

Issues on the table: Pay disparities, benefits, diversity, and job security.

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T-Mobile CEO to Congress: We Won't Use Huawei Equipment After Sprint Acquisition

"And we will never use it in our 5G network,” said CEO John Legere.

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