Verizon Communications (VZ) Operating Margin (2009 - 2026)

Verizon Communications (VZ) has reported Operating Margin for 18 consecutive years, with 20.96% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 273.0% year-over-year to 20.96% in Q2 2026; TTM through Jun 2026 was 20.54%, a 99.0% decrease from a year earlier, with the FY2025 full-year figure at 21.17%, down 11.0% from the prior year.
• Operating Margin was 20.96% for Q2 2026 at Verizon Communications, down from 23.93% in the prior quarter.
• Over five years, Operating Margin peaked at 23.96% in Q3 2025 and troughed at 1.71% in Q4 2023.
• A 5-year average of 20.77% and a median of 22.61% in 2023 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin plunged 1879 bps in 2023 and surged 1909 bps in 2024, its largest moves.
• Over 5 years, Operating Margin stood at 20.5% in 2022, then tumbled by 92 bps to 1.71% in 2023, then soared by 1118 bps to 20.8% in 2024, then plunged by 34 bps to 13.75% in 2025, then jumped by 52 bps to 20.96% in 2026.
• The last three Operating Margin figures came in at 20.96% (Q2 2026), 23.93% (Q1 2026), and 13.75% (Q4 2025), per Business Quant data.