Verizon Communications (VZ) EBITDA Margin (2009 - 2026)
Verizon Communications (VZ) reported EBITDA Margin of 23.93% for Q1 2026, up 11.0% year-over-year from 21.56% in Q1 2025, and up 73.99% quarter-over-quarter from 13.75% in Q4 2025.
Verizon Communications (VZ) EBITDA Margin (2009 - 2026) Analysis & Trends
Verizon Communications (VZ) has 18 years of EBITDA Margin data on file, last reported at 23.93% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 23.93%, up 11.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.22% (down 32.0% YoY), and the FY2025 annual result was 32.28%, down 21.0% from the prior year.
- EBITDA Margin advanced to 23.93% in Q1 2026 per VZ's latest filing, from 13.75% in the prior quarter.
- Over five years, EBITDA Margin peaked at 23.96% in Q3 2025 and troughed at 1.71% in Q4 2023.
- A 5-year average of 20.75% and a median of 22.8% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin tumbled 1879 bps in 2023, then soared 1909 bps in 2024.
- A 5-year view of EBITDA Margin shows it stood at 20.5% in 2022, then slumped by 92 bps to 1.71% in 2023, then jumped by 1118 bps to 20.8% in 2024, then tumbled by 34 bps to 13.75% in 2025, then soared by 74 bps to 23.93% in 2026.
- Business Quant data shows VZ's EBITDA Margin at 23.93% in Q1 2026, 13.75% in Q4 2025, and 23.96% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | - |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 10.89% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 23.93% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 21.13% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | 15.03% |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | 39.90% |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 0.00% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 20.96% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | 43.05% |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 15.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.93% |
| Dec 31, 2025 | 13.75% |
| Sep 30, 2025 | 23.96% |
| Jun 30, 2025 | 23.68% |
| Mar 31, 2025 | 23.83% |
| Dec 31, 2024 | 20.80% |
| Sep 30, 2024 | 17.78% |
| Jun 30, 2024 | 23.84% |
| Mar 31, 2024 | 22.80% |
| Dec 31, 2023 | 1.71% |
| Sep 30, 2023 | 22.42% |
| Jun 30, 2023 | 22.15% |
| Mar 31, 2023 | 23.04% |
| Dec 31, 2022 | 20.50% |
| Sep 30, 2022 | 23.05% |
| Jun 30, 2022 | 22.35% |
| Mar 31, 2022 | 23.23% |
| Dec 31, 2021 | 22.33% |
| Sep 30, 2021 | 27.05% |
| Jun 30, 2021 | 24.18% |