Verizon Communications (VZ) Return on Capital Employed (2009 - 2026)
Verizon Communications (VZ) reported Return on Capital Employed of 8.65% for Q1 2026, down 41.0% year-over-year from 14.67% in Q1 2025, and down 1.25% quarter-over-quarter from 8.76% in Q4 2025.
Verizon Communications (VZ) Return on Capital Employed (2009 - 2026) Analysis & Trends
Verizon Communications (VZ) has 18 years of Return on Capital Employed data on file, last reported at 8.65% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 8.65%, down 41.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 8.65% (down 41.0% YoY), and the FY2025 annual result was 8.81%, down 22.0% from the prior year.
- Return on Capital Employed fell to 8.65% in Q1 2026 per VZ's latest filing, from 8.76% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 10.16% in Q1 2022 and troughed at 6.87% in Q3 2024.
- A 5-year average of 8.76% and a median of 9.07% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed sank 236 bps in 2023, then soared 284 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 9.31% in 2022, then declined by 25 bps to 6.95% in 2023, then gained by 30 bps to 9.02% in 2024, then decreased by 3 bps to 8.76% in 2025, then fell by 1 bps to 8.65% in 2026.
- Business Quant data shows VZ's Return on Capital Employed at 8.65% in Q1 2026, 8.76% in Q4 2025, and 9.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | - |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 9.14% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 8.65% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 6.77% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | 9.71% |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | - |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 3.96% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 11.68% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | - |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | -11.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.65% |
| Dec 31, 2025 | 8.76% |
| Sep 30, 2025 | 9.71% |
| Jun 30, 2025 | 9.19% |
| Mar 31, 2025 | 9.07% |
| Dec 31, 2024 | 9.02% |
| Sep 30, 2024 | 6.87% |
| Jun 30, 2024 | 7.34% |
| Mar 31, 2024 | 6.99% |
| Dec 31, 2023 | 6.95% |
| Sep 30, 2023 | 9.03% |
| Jun 30, 2023 | 9.14% |
| Mar 31, 2023 | 9.14% |
| Dec 31, 2022 | 9.31% |
| Sep 30, 2022 | 9.66% |
| Jun 30, 2022 | 10.00% |
| Mar 31, 2022 | 10.16% |
| Dec 31, 2021 | 10.37% |
| Sep 30, 2021 | 10.33% |
| Jun 30, 2021 | 10.02% |