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| Date | Value |
|---|---|
| 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% |