Verizon Communications (VZ) FCF Margin (2009 - 2026)
Verizon Communications (VZ) posted quarterly FCF Margin of 18.76% for Q2 2026, up 379.0% year-over-year from 3.92% in Q2 2025, and up 70.79% on a QoQ basis from 10.98% in Q1 2026.
Verizon Communications (VZ) FCF Margin (2009 - 2026) Analysis & Trends
Verizon Communications has reported FCF Margin for 18 years, with the latest figure at 18.76% in Q2 2026.
- FCF Margin for Q2 2026 came in at 18.76%, up 379.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 15.5% (up 81.0% YoY), and the FY2025 annual result was 14.56%, down 14.0% from the prior year.
- FCF Margin improved to 18.76% in Q2 2026, 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.
- The widest annual swing landed in 2022, when FCF Margin slumped 1284 bps; it then surged 687 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 4.73% in 2022, then jumped by 145 bps to 11.6% in 2023, then gained by 30 bps to 15.02% in 2024, then decreased by 20 bps to 12.0% in 2025, then soared by 56 bps to 18.76% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 18.76% in Q2 2026, 10.98% in Q1 2026, and 12.0% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 18.76% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 21.05% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | - |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 16.16% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 8.63% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | -2.86% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | 17.52% |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 9.90% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | - |
| 10 | Charter Communications | 17.77 Bn | 17.26 Bn | - | 7.79% |
Historic Data
Download 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% |