Verizon Communications (VZ) Net Margin (2009 - 2026)
Verizon Communications (VZ) posted quarterly Net Margin of 11.53% for Q2 2026, down 331.0% year-over-year from 4.99% in Q2 2025, and down 22.84% on a QoQ basis from 14.94% in Q1 2026.
Verizon Communications (VZ) Net Margin (2009 - 2026) Analysis & Trends
Verizon Communications has reported Net Margin for 18 years, with the latest figure at 11.53% in Q2 2026.
- Net Margin for Q2 2026 came in at 11.53%, down 331.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 11.95% (down 165.0% YoY), and the FY2025 annual result was 12.74%, down 57.0% from the prior year.
- Net Margin fell to 11.53% in Q2 2026, from 14.94% in the prior quarter.
- Over five years, Net Margin peaked at 19.0% in Q4 2022 and troughed at 7.32% in Q4 2023.
- A 5-year average of 12.87% and a median of 14.64% in 2023 frame the typical range for Net Margin.
- The widest annual swing landed in 2023, when Net Margin tumbled 2633 bps; it then jumped 2166 bps in 2024.
- A 5-year view of Net Margin shows it stood at 19.0% in 2022, then tumbled by 139 bps to 7.32% in 2023, then surged by 296 bps to 14.33% in 2024, then tumbled by 53 bps to 6.73% in 2025, then jumped by 71 bps to 11.53% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 11.53% in Q2 2026, 14.94% in Q1 2026, and 6.73% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 11.53% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 14.43% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | 0.00% |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 14.55% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 18.36% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 236.63% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | 9.03% |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 15.59% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | 8.16% |
| 10 | Charter Communications | 17.77 Bn | 17.26 Bn | - | 11.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.53% |
| Mar 31, 2026 | 14.94% |
| Dec 31, 2025 | 6.73% |
| Sep 30, 2025 | 14.95% |
| Jun 30, 2025 | 14.84% |
| Mar 31, 2025 | 14.88% |
| Dec 31, 2024 | 14.33% |
| Sep 30, 2024 | 10.23% |
| Jun 30, 2024 | 14.34% |
| Mar 31, 2024 | 14.32% |
| Dec 31, 2023 | -7.32% |
| Sep 30, 2023 | 14.65% |
| Jun 30, 2023 | 14.62% |
| Mar 31, 2023 | 15.25% |
| Dec 31, 2022 | 19.00% |
| Sep 30, 2022 | 14.67% |
| Jun 30, 2022 | 15.73% |
| Mar 31, 2022 | 14.04% |
| Dec 31, 2021 | 13.90% |
| Sep 30, 2021 | 19.91% |