Verizon Communications (VZ) Return on Capital Employed [ROCE] (2009 - 2026)
Verizon Communications (VZ) recorded Return on Capital Employed [ROCE] of 8.11% in Q2 2026, down 1.08 percentage points from 9.19% a year earlier and down 0.54 percentage points from the prior quarter.
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Analysis
Verizon Communications (VZ) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Verizon Communications reported Return on Capital Employed [ROCE] of 8.81%, down 0.22 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of -2.08 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 9.03% in FY2024 (+2.03 pp), 7.00% in FY2023 (-2.43 pp), 9.43% in FY2022 (-1.59 pp) and 11.02% in FY2021 (+0.13 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q3 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for three consecutive quarters, with an average year-over-year change of +0.62 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 2.84 percentage points in Q3 2025, against a drop of 2.36 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.65% (Q1 2026), 8.76% (Q4 2025) and 9.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 191.94 Bn | 159.58 Bn | 27.05 Bn | 8.39% |
| 2 | T-Mobile US | 179.71 Bn | 162.14 Bn | 15.13 Bn | 10.24% |
| 3 | At&T | 147.73 Bn | 105.17 Bn | 26.22 Bn | 6.26% |
| 4 | Grupo Televisa, S.A.B | 146.85 Bn | 139.98 Bn | 960.50 Mn | 2.57% |
| 5 | Comcast | 87.61 Bn | 53.57 Bn | - | 7.98% |
| 6 | Chunghwa Telecom | 37.88 Bn | 30.37 Bn | 728.80 Mn | 2.44% |
| 7 | Vodafone Group Public | 37.71 Bn | 5.95 Bn | - | - |
| 8 | EchoStar | 30.28 Bn | 11.36 Bn | 647.20 Mn | 0.75% |
| 9 | Bce | 20.18 Bn | 18.41 Bn | 11.61 Bn | 32.40% |
| 10 | Telefonica Brasil | 18.61 Bn | 12.64 Bn | 1.42 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.39% |
| Jun 30, 2026 | 8.11% |
| 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% |
API Access
Verizon Communications Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=VZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=VZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();