Verizon Communications (VZ) Gross Margin (2009 - 2026)
Verizon Communications (VZ) reported Gross Margin of 78.91% for Q2 2026, down 0.79 percentage points from 79.69% a year earlier and down 0.28 percentage points from the prior quarter.
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Analysis
Verizon Communications (VZ) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Verizon Communications' Gross Margin came in at 58.72%, down 1.73 percentage points year-over-year; for FY2025, it was 58.92%, down 0.94 percentage points from FY2024.
- Gross Margin has a five-year change of -1.17 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 59.87% in FY2024 (+0.83 pp), 59.03% in FY2023 (+2.25 pp), 56.79% in FY2022 (-1.08 pp) and 57.86% in FY2021 (-2.23 pp).
- Five-year quarterly Gross Margin spans a low of 0.84% in Q4 2025 and a high of 79.71% in Q3 2025.
- Year over year, Gross Margin has now declined in each of the last three quarters, with an average year-over-year change of -4.46 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2024 (a gain of 19.91 percentage points); the low point was Q4 2024 (a drop of 49.36 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 79.19% (Q1 2026), 0.84% (Q4 2025) and 79.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 193.94 Bn | 158.35 Bn | 27.03 Bn | 78.91% |
| 2 | T-Mobile US | 178.90 Bn | 163.65 Bn | 14.76 Bn | 64.75% |
| 3 | At&T | 170.76 Bn | 118.71 Bn | 25.82 Bn | 81.81% |
| 4 | Grupo Televisa, S.A.B | 146.22 Bn | 134.85 Bn | 318.12 Mn | 38.75% |
| 5 | Comcast | 77.07 Bn | 41.32 Bn | - | - |
| 6 | Chunghwa Telecom | 35.67 Bn | 31.52 Bn | 728.80 Mn | 37.54% |
| 7 | EchoStar | 25.89 Bn | 17.02 Bn | 1.65 Bn | 46.08% |
| 8 | AST SpaceMobile | 23.74 Bn | 24.24 Bn | 7.95 Mn | 25.23% |
| 9 | Bce | 19.19 Bn | 17.52 Bn | - | - |
| 10 | Telefonica Brasil | 18.02 Bn | 12.02 Bn | 1.42 Bn | 45.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.91% |
| Mar 31, 2026 | 79.19% |
| Dec 31, 2025 | 0.84% |
| Sep 30, 2025 | 79.71% |
| Jun 30, 2025 | 79.69% |
| Mar 31, 2025 | 79.24% |
| Dec 31, 2024 | 7.42% |
| Sep 30, 2024 | 78.42% |
| Jun 30, 2024 | 78.95% |
| Mar 31, 2024 | 78.88% |
| Dec 31, 2023 | 56.78% |
| Sep 30, 2023 | 59.69% |
| Jun 30, 2023 | 60.84% |
| Mar 31, 2023 | 58.97% |
| Dec 31, 2022 | 55.29% |
| Sep 30, 2022 | 57.36% |
| Jun 30, 2022 | 57.32% |
| Mar 31, 2022 | 57.23% |
| Dec 31, 2021 | 55.98% |
| Sep 30, 2021 | 58.90% |
API Access
Verizon Communications Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();