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  • Previous Rank32
  • Revenues ($M)$126,034
  • Revenue Percent Change-
  • Profits ($M)$30,101.00
  • Profits Percent Change129.3%
  • Assets ($M)$257,143.00
  • Employees155,400

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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Company Information

CEO
Lowell C. McAdam
Sector
Telecommunications
Industry
Telecommunications
HQ Location
New York City
Websitehttp://www.verizon.com
Years on Global 500 List24
Employees155,400

Verizon Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$126,034-
Profits ($M)$30,101.00129.3%
Assets ($M)$257,143.00-
Total Stockholder Equity ($M)$43,096.00-

Profit Ratios

Profit as % of Revenues23.9%
Profits as % of Assets11.7%
Profits as % of Stockholder Equity69.8%