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Verizon Communications

Patrick T. Fallon/Bloomberg via Getty Images
  • Previous Rank37
  • Country
    U.S.
  • Revenues ($M)$130,863.00
  • Revenue Percent Change3.8%
  • Profits ($M)$15,528.00
  • Profits Percent Change-48.4%
  • Assets ($M)$264,829.00
  • Employees144,500

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 a company that traces its 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.

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Company Information

CEO
Hans E. Vestberg
Sector
Telecommunications
Industry
Telecommunications
HQ Location
New York City
Websitehttps://www.verizon.com
Years on Global 500 List25
Employees144,500

Verizon Communications Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$130,863.003.8%
Profits ($M)$15,528.00-48.4%
Assets ($M)$264,829.00-
Total Stockholder Equity ($M)$53,145.00-

Profit Ratios

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