Verizon Communications
Verizon Communications is a Manhattan-based telecommunications giant offering a wide array of voice, data, and video services and solutions on its networks and platforms. Employing over 130,000 workers in more than 150 locations globally, Verizon was the second-largest U.S. telecommunications company by revenue in 2020, according to the latest Fortune 500 rankings. Verizon is currently in the midst of an intense multibillion-dollar battle with competitors such as T-Mobile and AT&T for the highest speed and most widely available 5G network. In May of 2021, Verizon took a notable step away from its role as content provider, selling a 90% stake in its media group—which includes the AOL and Yahoo brands—to private equity firm Apollo Global Management, for $5 billion.
GEORGE FREY—AFP via Getty Images
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
New York City
Industry
Telecommunications
CEO
Hans E. Vestberg
Website
Company Type
Public
Ticker
VZ
Revenues ($M)
$136,835
Profits ($M)
$21,256
Market Value ($M)
$167,993
Employees
117,100
Figures are for fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
World's Most Admired Companies
Sector
Computers and Communication
Industry
Telecommunications
Current All-Star Rank
-
Previous All-Star Rank
-
Industry Rank
1
Previous Industry Rank
1
Overall Score
6.88
Innovation
1
People Management
1
Use of Corporate Assets
1
Social Responsibility
1
Quality of Management
1
Financial Soundness
1
Long-Term Investment Value
1
Quality of Products/Services
1
Global Competitiveness
4
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
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Profits ($M)
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Assets ($M)
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Total Stockholder Equity ($M)
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Profit Ratios
Profit as % of Revenues
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Profits as % of Assets
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Profits as % of Stockholder Equity
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Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
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EPS % Change (from 2020)
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EPS % Change (5 year annual rate)
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EPS % Change (10 year annual rate)
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Total Return
Total Return to Investors (2021)
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Total Return to Investors (5 year, annualized)
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Total Return to Investors (10 year, annualized)
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