Verizon Communications (VZ) Operating Margin (2009 - 2026)
Verizon Communications (VZ) reported Operating Margin of 20.96% for Q2 2026, down 2.73 percentage points from 23.68% a year earlier and down 2.97 percentage points from the prior quarter.
Powered by 
Analysis
Verizon Communications (VZ) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Verizon Communications' Operating Margin came in at 20.54%, down 0.99 percentage points year-over-year; for FY2025, it came in at 21.17%, down 0.11 percentage points from FY2024.
- Operating Margin has a five-year change of -1.27 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 21.28% in FY2024 (+4.21 pp), 17.08% in FY2023 (-5.19 pp), 22.27% in FY2022 (-2.02 pp) and 24.29% in FY2021 (+1.84 pp).
- Five-year quarterly Operating Margin spans a low of 1.71% in Q4 2023 and a high of 27.05% in Q3 2021.
- Year over year, Operating Margin gained in four of the last eight quarters, with an average year-over-year change of +1.48 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2024 (a gain of 19.09 percentage points); the low point was Q4 2023 (a drop of 18.79 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 23.93% (Q1 2026), 13.75% (Q4 2025) and 23.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 193.94 Bn | 158.35 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 178.90 Bn | 163.65 Bn | 14.76 Bn | 24.09% |
| 3 | At&T | 170.76 Bn | 118.71 Bn | 25.82 Bn | 22.30% |
| 4 | Grupo Televisa, S.A.B | 146.22 Bn | 134.85 Bn | 318.12 Mn | 11.00% |
| 5 | Comcast | 77.07 Bn | 41.32 Bn | - | 17.23% |
| 6 | Chunghwa Telecom | 35.67 Bn | 31.52 Bn | 728.80 Mn | 21.61% |
| 7 | EchoStar | 25.89 Bn | 17.02 Bn | 1.65 Bn | 14.34% |
| 8 | AST SpaceMobile | 23.74 Bn | 24.24 Bn | 7.95 Mn | -1,018.86% |
| 9 | Bce | 19.19 Bn | 17.52 Bn | - | - |
| 10 | Telefonica Brasil | 18.02 Bn | 12.02 Bn | 1.42 Bn | 16.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.96% |
| Mar 31, 2026 | 23.93% |
| Dec 31, 2025 | 13.75% |
| Sep 30, 2025 | 23.96% |
| Jun 30, 2025 | 23.68% |
| Mar 31, 2025 | 23.83% |
| Dec 31, 2024 | 20.80% |
| Sep 30, 2024 | 17.78% |
| Jun 30, 2024 | 23.84% |
| Mar 31, 2024 | 22.80% |
| Dec 31, 2023 | 1.71% |
| Sep 30, 2023 | 22.42% |
| Jun 30, 2023 | 22.15% |
| Mar 31, 2023 | 23.04% |
| Dec 31, 2022 | 20.50% |
| Sep 30, 2022 | 23.05% |
| Jun 30, 2022 | 22.35% |
| Mar 31, 2022 | 23.23% |
| Dec 31, 2021 | 22.33% |
| Sep 30, 2021 | 27.05% |
API Access
Verizon Communications Operating 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=operating-margin&ticker=VZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=VZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();