Verizon Communications (VZ) FCF Margin (2009 - 2026)
Verizon Communications' (VZ) quarterly FCF Margin came in at 18.76% in Q2 2026, up 379.0% year-over-year from 3.92% in Q2 2025, and up 70.79% quarter-over-quarter from 10.98% in Q1 2026.
Analysis
Verizon Communications (VZ) FCF Margin (2009 - 2026) Analysis & Trends
Verizon Communications (VZ) has reported FCF Margin for 18 consecutive years, with 18.76% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 379.0% year-over-year to 18.76% in Q2 2026; TTM through Jun 2026 was 15.5%, a 81.0% increase from a year earlier, with the FY2025 full-year figure at 14.56%, down 14.0% from the prior year.
- FCF Margin was 18.76% for Q2 2026 at Verizon Communications, up from 10.98% in the prior quarter.
- Over five years, FCF Margin peaked at 20.57% in Q3 2025 and troughed at 2.98% in Q1 2022.
- A 5-year average of 13.56% and a median of 15.0% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin tumbled 1284 bps in 2022 and soared 687 bps in 2023, its largest moves.
- Over 5 years, FCF Margin stood at 4.73% in 2022, then surged by 145 bps to 11.6% in 2023, then increased by 30 bps to 15.02% in 2024, then fell by 20 bps to 12.0% in 2025, then jumped by 56 bps to 18.76% in 2026.
- The last three FCF Margin figures came in at 18.76% (Q2 2026), 10.98% (Q1 2026), and 12.0% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 208.28 Bn | 207.80 Bn | 27.03 Bn | 18.76% |
| 2 | T-Mobile US | 195.10 Bn | 192.28 Bn | 17.74 Bn | 21.05% |
| 3 | At&T | 175.90 Bn | 174.32 Bn | 25.25 Bn | 16.16% |
| 4 | Chunghwa Telecom | 34.00 Bn | 31.91 Bn | 728.80 Mn | 16.61% |
| 5 | Rogers Communications | 20.60 Bn | 23.90 Bn | 1.77 Bn | 39.39% |
| 6 | Telefonica Brasil | 18.63 Bn | 16.94 Bn | 1.42 Bn | - |
| 7 | Telus | 14.98 Bn | 14.45 Bn | - | 24.06% |
| 8 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 14.67 Bn | -40,057.33 Bn | - | - |
| 9 | Bce | 14.36 Bn | 14.24 Bn | - | 52.49% |
| 10 | Kt | 9.55 Bn | 12.24 Bn | - | -52.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.76% |
| Mar 31, 2026 | 10.98% |
| Dec 31, 2025 | 12.00% |
| Sep 30, 2025 | 20.57% |
| Jun 30, 2025 | 14.98% |
| Mar 31, 2025 | 10.86% |
| Dec 31, 2024 | 15.02% |
| Sep 30, 2024 | 17.89% |
| Jun 30, 2024 | 17.65% |
| Mar 31, 2024 | 8.21% |
| Dec 31, 2023 | 11.60% |
| Sep 30, 2023 | 20.05% |
| Jun 30, 2023 | 17.24% |
| Mar 31, 2023 | 7.08% |
| Dec 31, 2022 | 4.73% |
| Sep 30, 2022 | 15.23% |
| Jun 30, 2022 | 18.27% |
| Mar 31, 2022 | 2.98% |
| Dec 31, 2021 | 5.73% |
| Sep 30, 2021 | 16.95% |