Verizon Communications (VZ) Gross Margin (2009 - 2026)
Verizon Communications (VZ) posted quarterly Gross Margin of 78.91% for Q2 2026, down 79.0% year-over-year from 375.75% in Q2 2025, and little changed on a QoQ basis from 79.19% in Q1 2026.
Verizon Communications (VZ) Gross Margin (2009 - 2026) Analysis & Trends
Verizon Communications has reported Gross Margin for 18 years, with the latest figure at 78.91% in Q2 2026.
- Gross Margin for Q2 2026 came in at 78.91%, down 79.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 78.73% (down 77.0% YoY), and the FY2025 annual result was 79.03%, down 20.0% from the prior year.
- Gross Margin held at 78.91% in Q2 2026, 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.
- The widest annual swing landed in 2022, when Gross Margin tumbled 368 bps; it then surged 454 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 75.67% in 2022, then gained by 6 bps to 80.21% in 2023, then rose by 0 bps to 80.57% in 2024, then slipped by 4 bps to 77.23% in 2025, then increased by 2 bps to 78.91% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 78.91% in Q2 2026, 79.19% in Q1 2026, and 77.23% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 78.91% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 77.82% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | 38.75% |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 80.02% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 37.54% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 46.08% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | - |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 43.49% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | 44.91% |
| 10 | Charter Communications | 17.77 Bn | 17.26 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 78.91% |
| 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% |