Verizon Communications (VZ) FCF Margin (2009 - 2026)
Verizon Communications (VZ) reported FCF Margin of 10.98% for Q1 2026, up 12.0% year-over-year from 9.81% in Q1 2025, and down 8.47% quarter-over-quarter from 12.0% in Q4 2025.
Verizon Communications (VZ) FCF Margin (2009 - 2026) Analysis & Trends
Verizon Communications (VZ) has 18 years of FCF Margin data on file, last reported at 10.98% in Q1 2026.
- FCF Margin for Q1 2026 came in at 10.98%, up 12.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.57% (down 77.0% YoY), and the FY2025 annual result was 14.56%, down 14.0% from the prior year.
- FCF Margin retreated to 10.98% in Q1 2026 per VZ's latest filing, from 12.0% 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 13.26% and a median of 14.98% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 1284 bps in 2022, then jumped 687 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 4.73% in 2022, then soared by 145 bps to 11.6% in 2023, then rose by 30 bps to 15.02% in 2024, then retreated by 20 bps to 12.0% in 2025, then fell by 8 bps to 10.98% in 2026.
- Business Quant data shows VZ's FCF Margin at 10.98% in Q1 2026, 12.0% in Q4 2025, and 20.57% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | 32.26% |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 19.90% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 10.98% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 8.63% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | - |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | -9.13% |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 7.58% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 38.24% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | 32.97% |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 2.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 19.32% |