Rank
14
Verizon Communications
A customers walks into a Verizon Communications Inc. store in San Francisco, California, U.S., on Monday, Jan. 23, 2017. Verizon Communications Inc. is expected to release earnings figures on January 24. Photographer: David Paul Morris/Bloomberg via Getty Images Photo credit: David Paul Morris — Bloomberg via Getty Images
- Previous Rank13
- Revenues ($M)125980
- Revenue Percent Change-4.3
- Profits ($M)13127
- Profits Percent Change-26.6
- Assets ($M)244180
- Employees160900
- Market Value — as of March 31, 2017 ($M)198900
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.
Company Info
| CEO | Lowell C. McAdam |
| CEO Title | Chairman & Chief Executive Officer |
| Sector | Telecommunications |
| Industry | Telecommunications |
| HQ Location | New York, NY |
| Website | www.verizon.com |
| Years on Fortune 500 List | 23 |
| Employees | 160,900 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $125,980 |
| Profits ($M) | $13,127 |
| Assets ($M) | $244,180 |
| Total Stockholder Equity ($M) | $22,524 |
| Market Value — as of March 31, 2017 ($M) | $198,900 |
Profit Ratios
| Profit as % of Revenues | 10.4% |
| Profits as % of Assets | 5.4% |
| Profits as % of Stockholder Equity | 58.3% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | 3 |
| EPS % Change (from 2015) | -26.5% |
| EPS % Change (5 year annual rate) | 30.4% |
| EPS % Change (10 year annual rate) | 4.2% |
Total Return
| Total Return to Investors (2016) | 20.7% |
| Total Return to Investors (5 year, annualized) | 10.7% |
| Total Return to Investors (10 year, annualized) | 9.6% |