Verizon Communications (VZ) Gross Margin (2009 - 2026)

Verizon Communications' (VZ) quarterly Gross Margin came in at 84.6% in Q1 2026, down 73.0% year-on-year from 313.34% in Q1 2025, and up 179.48% on a QoQ basis from 30.27% in Q4 2025.

Verizon Communications (VZ) Gross Margin (2009 - 2026) Analysis & Trends

Verizon Communications (VZ) has 18 years of Gross Margin data on file, last reported at 84.6% in Q1 2026.

  • On a quarterly basis, Gross Margin fell 73.0% year-over-year to 84.6% in Q1 2026; TTM through Mar 2026 was 68.36%, a 1898.0% decrease from a year earlier, with the FY2025 full-year figure at 79.03%, down 160.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 84.6%, up from 30.27% in the prior quarter.
  • Over the last five years, Gross Margin for VZ reached as high as 146.08% in Q4 2023 and fell as low as 30.27% in Q4 2025.
  • Historically, Gross Margin has averaged 87.45% across 5 years, with a median of 80.94% in 2023.
  • On a YoY basis, Gross Margin climbed as much as 1800 bps in 2024 and fell as far as 6020 bps in 2024.
  • Year by year, Gross Margin stood at 145.64% in 2022, then increased by 0 bps to 146.08% in 2023, then plunged by 41 bps to 85.89% in 2024, then slumped by 65 bps to 30.27% in 2025, then surged by 179 bps to 84.6% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 84.6% in Q1 2026, 30.27% in Q4 2025, and 80.83% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 America Movil Sab De Cv 1,543.97 Bn 1,543.97 Bn 7.08 Bn 51.30%
2 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,427.96 Bn -8,564.04 Bn - -
3 Grupo Televisa, S.A.B 958.85 Bn 957.15 Bn 317.18 Mn 38.75%
4 Chunghwa Telecom 334.17 Bn 331.99 Bn 719.92 Mn 37.92%
5 Verizon Communications 198.41 Bn 190.05 Bn 29.14 Bn 84.60%
6 T-Mobile US 192.12 Bn 189.29 Bn 17.74 Bn 77.82%
7 At&T 169.04 Bn 151.47 Bn 25.25 Bn 80.02%
8 Veon 90.84 Bn 90.84 Bn - -
9 Tim 50.18 Bn 50.03 Bn 677.20 Mn 52.37%
10 Telefonica Brasil 45.44 Bn 43.70 Bn 1.32 Bn 44.91%

Historic Data

Download Data
DateValue
Mar 31, 2026 84.60%
Dec 31, 2025 30.27%
Sep 30, 2025 80.83%
Jun 30, 2025 80.07%
Mar 31, 2025 85.33%
Dec 31, 2024 85.89%
Sep 30, 2024 81.86%
Jun 30, 2024 96.54%
Mar 31, 2024 96.50%
Dec 31, 2023 146.08%
Sep 30, 2023 80.94%
Jun 30, 2023 78.57%
Mar 31, 2023 78.49%
Dec 31, 2022 145.64%
Sep 30, 2022 78.66%
Jun 30, 2022 77.84%
Mar 31, 2022 78.46%
Dec 31, 2021 136.87%
Sep 30, 2021 76.14%
Jun 30, 2021 82.43%