Verizon Communications (VZ) Gross Margin (2009 - 2026)
Verizon Communications' (VZ) quarterly Gross Margin came in at 78.91% in Q2 2026, down 79.0% year-over-year from 375.75% in Q2 2025, and little changed quarter-over-quarter from 79.19% in Q1 2026.
Analysis
Verizon Communications (VZ) Gross Margin (2009 - 2026) Analysis & Trends
Verizon Communications (VZ) has reported Gross Margin for 18 consecutive years, with 78.91% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 79.0% year-over-year to 78.91% in Q2 2026; TTM through Jun 2026 was 78.73%, a 77.0% decrease from a year earlier, with the FY2025 full-year figure at 79.03%, down 20.0% from the prior year.
- Gross Margin was 78.91% for Q2 2026 at Verizon Communications, roughly flat from 79.19% in the prior quarter.
- Over five years, Gross Margin peaked at 80.57% in Q4 2024 and troughed at 75.67% in Q4 2022.
- A 5-year average of 78.75% and a median of 78.81% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 368 bps in 2022 and soared 454 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 75.67% in 2022, then increased by 6 bps to 80.21% in 2023, then grew by 0 bps to 80.57% in 2024, then retreated by 4 bps to 77.23% in 2025, then climbed by 2 bps to 78.91% in 2026.
- The last three Gross Margin figures came in at 78.91% (Q2 2026), 79.19% (Q1 2026), and 77.23% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 208.28 Bn | 207.80 Bn | 27.03 Bn | 78.91% |
| 2 | T-Mobile US | 195.10 Bn | 192.28 Bn | 17.74 Bn | 77.82% |
| 3 | At&T | 175.90 Bn | 174.32 Bn | 25.25 Bn | 80.02% |
| 4 | Chunghwa Telecom | 34.00 Bn | 31.91 Bn | 728.80 Mn | 37.54% |
| 5 | Rogers Communications | 20.60 Bn | 23.90 Bn | 1.77 Bn | 43.49% |
| 6 | Telefonica Brasil | 18.63 Bn | 16.94 Bn | 1.42 Bn | 45.54% |
| 7 | Telus | 14.98 Bn | 14.45 Bn | - | - |
| 8 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 14.67 Bn | -40,057.33 Bn | - | - |
| 9 | Bce | 14.36 Bn | 14.24 Bn | - | - |
| 10 | Kt | 9.55 Bn | 12.24 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.91% |
| Mar 31, 2026 | 79.19% |
| Dec 31, 2025 | 77.23% |
| Sep 30, 2025 | 79.71% |
| Jun 30, 2025 | 79.69% |
| Mar 31, 2025 | 79.24% |
| Dec 31, 2024 | 80.57% |
| Sep 30, 2024 | 78.42% |
| Jun 30, 2024 | 78.95% |
| Mar 31, 2024 | 78.88% |
| Dec 31, 2023 | 80.21% |
| Sep 30, 2023 | 78.75% |
| Jun 30, 2023 | 78.57% |
| Mar 31, 2023 | 78.49% |
| Dec 31, 2022 | 75.67% |
| Sep 30, 2022 | 78.66% |
| Jun 30, 2022 | 77.84% |
| Mar 31, 2022 | 78.46% |
| Dec 31, 2021 | 79.35% |
| Sep 30, 2021 | 76.14% |