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  • Previous Rank30
  • Revenues ($M)$125,980
  • Revenue Percent Change-4.3%
  • Profits ($M)$13,127
  • Profits Percent Change-26.6%
  • Assets ($M)$244,180
  • Employees160,900

It has been an acquisitive year for telecommunications giant Verizon. In the span of a few months the company announced that it would acquire both AOL and Yahoo as it works to load its formidable network—still the most comprehensive and widespread in the U.S.—with content in a bid to keep a highly competitive (and highly lucrative) market from turning into a commodity business. The company is dead-set on a mobile, digital future and has been investing in next-generation 5G wireless technology as well as the multitrillion-dollar Internet of things opportunities it enables. Verizon was founded in 1983 and is headquartered in New York City.

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Company Information

CEO
Lowell C. McAdam
Sector
Telecommunications
Industry
Telecommunications
HQ Location
New York, NY
Websitehttp://www.verizon.com
Years on Global 500 List23
Employees160,900

Verizon Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$125,980-4.3%
Profits ($M)$13,127-26.6%
Assets ($M)$244,180-
Total Stockholder Equity ($M)$22,524-

Profit Ratios

Profit as % of Revenues10.4%
Profits as % of Assets5.4%
Profits as % of Stockholder Equity58.3%