Verizon Communications (VZ) Operating Leases (2019 - 2026)
Verizon Communications (VZ) posted Operating Leases of $17.96 billion for Q3 2026, down 6.3% from $19.18 billion a year earlier and down 2.3% from the prior quarter.
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Analysis
Verizon Communications (VZ) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Verizon Communications' Operating Leases came in at $18.95 billion, down 4.9% from FY2024.
- Annual Operating Leases has declined for four consecutive years, though with a five-year compound annual growth rate of 1.0% (FY2020 to FY2025).
- In prior years, Verizon Communications' Operating Leases was $19.93 billion in FY2024 (-0.4%), $20 billion in FY2023 (-7.2%), $21.56 billion in FY2022 (-7.1%) and $23.2 billion in FY2021 (+28.9%).
- The Q3 2026 figure stands as the lowest quarterly Operating Leases since Q1 2021.
- On a year-over-year basis, Operating Leases has declined in each of the last 18 quarters, with an average decline of 2.8% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q1 2022, with growth of 29.1%; the weakest was Q2 2023, with a decline of 8.2%.
- According to Business Quant data, Operating Leases for the three prior quarters was $18.39 billion (Q2 2026), $18.69 billion (Q1 2026) and $18.95 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Verizon Communications | 191.94 Bn | 159.58 Bn | 27.05 Bn |
| 2 | T-Mobile US | 179.71 Bn | 162.14 Bn | 15.13 Bn |
| 3 | At&T | 147.73 Bn | 105.17 Bn | 26.22 Bn |
| 4 | Grupo Televisa, S.A.B | 146.85 Bn | 139.98 Bn | 960.50 Mn |
| 5 | Comcast | 87.61 Bn | 53.57 Bn | - |
| 6 | Chunghwa Telecom | 37.88 Bn | 30.37 Bn | 728.80 Mn |
| 7 | Vodafone Group Public | 37.71 Bn | 5.95 Bn | - |
| 8 | EchoStar | 30.28 Bn | 11.36 Bn | 647.20 Mn |
| 9 | Bce | 20.18 Bn | 18.41 Bn | 11.61 Bn |
| 10 | Telefonica Brasil | 18.61 Bn | 12.64 Bn | 1.42 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.96 Bn |
| Jun 30, 2026 | 18.39 Bn |
| Mar 31, 2026 | 18.69 Bn |
| Dec 31, 2025 | 18.95 Bn |
| Sep 30, 2025 | 19.18 Bn |
| Jun 30, 2025 | 19.16 Bn |
| Mar 31, 2025 | 19.38 Bn |
| Dec 31, 2024 | 19.93 Bn |
| Sep 30, 2024 | 19.25 Bn |
| Jun 30, 2024 | 19.46 Bn |
| Mar 31, 2024 | 19.65 Bn |
| Dec 31, 2023 | 20.00 Bn |
| Sep 30, 2023 | 20.77 Bn |
| Jun 30, 2023 | 20.75 Bn |
| Mar 31, 2023 | 21.30 Bn |
| Dec 31, 2022 | 21.56 Bn |
| Sep 30, 2022 | 22.18 Bn |
| Jun 30, 2022 | 22.60 Bn |
| Mar 31, 2022 | 22.93 Bn |
| Dec 31, 2021 | 23.20 Bn |
API Access
Verizon Communications Operating Leases 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=operating-leases&ticker=VZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=VZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();