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There was a changing of the guard at the telecommunications giant in 2018, amid signs that a new era of growth may be dawning for the company which traces it roots all the way back to the original Bell Telephone Co. in 1877. CEO Lowell McAdam retired and handed the reins to an outsider for the first time in the company’s history: Hans Vestberg, the former head of Ericsson who joined Verizon in 2017. Vestberg quickly endorsed his predecessor’s strategy of avoiding large entertainment mergers while doubling down on Verizon’s bet on the new super-fast 5G wireless technology. With its wireless business finally stabilizing after three years of shrinkage, Verizon’s total revenue grew 4% to $131 billion, the highest since 2015. Verizon’s stock price increased 6%, trailing the market but reflecting optimism that Vestberg is the best person to lead the carrier into the 5G era.

Company Info

Hans E. Vestberg
CEO Title
Chairman & Chief Executive Officer
HQ Location
New York, N.Y.
Years on Fortune 500 List25

Verizon Communications Rank History


Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$130,863.03.8%
Profits ($M)$15,528.0-48.4%
Assets ($M)$264,829.0-
Total Stockholder Equity ($M)$53,145.0-

Profit Ratios

Profit as % of Revenues11.9%
Profits as % of Assets5.9%
Profits as % of Stockholder Equity29.2%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)3.76
EPS % Change (from 2017)-48.9%
EPS % Change (5 year annual rate)-1.2%
EPS % Change (10 year annual rate)5.2%

Total Return

Total Return to Investors (2018)11.1%
Total Return to Investors (5 year, annualized)7.5%
Total Return to Investors (10 year, annualized)11.3%