Verizon Communications (VZ) Tax Rate (2009 - 2026)
Verizon Communications (VZ) reported Tax Rate of 24.15% for Q1 2026, up 113.0% year-over-year from 11.34% in Q1 2025, and up 20.25% quarter-over-quarter from 20.08% in Q4 2025.
Verizon Communications (VZ) Tax Rate (2009 - 2026) Analysis & Trends
Verizon Communications (VZ) has 18 years of Tax Rate data on file, last reported at 24.15% in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.15%, up 113.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.68% (up 57.0% YoY), and the FY2025 annual result was 22.34%, up 45.0% from the prior year.
- Tax Rate rose to 24.15% in Q1 2026 per VZ's latest filing, from 20.08% in the prior quarter.
- Over five years, Tax Rate peaked at 24.15% in Q1 2026 and troughed at 41.61% in Q4 2023.
- A 5-year average of 18.58% and a median of 22.49% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 6559 bps in 2023, then jumped 6374 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 23.98% in 2022, then tumbled by 273 bps to 41.61% in 2023, then soared by 153 bps to 22.14% in 2024, then dropped by 9 bps to 20.08% in 2025, then increased by 20 bps to 24.15% in 2026.
- Business Quant data shows VZ's Tax Rate at 24.15% in Q1 2026, 20.08% in Q4 2025, and 22.54% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | - |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 24.90% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 24.15% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 21.84% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | -21.62% |
| 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 | 23.19% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | -50.65% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | - |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 12.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.15% |
| Mar 31, 2026 | 24.15% |
| Dec 31, 2025 | 20.08% |
| Dec 31, 2025 | 20.08% |
| Sep 30, 2025 | 22.54% |
| Sep 30, 2025 | 22.54% |
| Jun 30, 2025 | 22.51% |
| Jun 30, 2025 | 22.51% |
| Mar 31, 2025 | 23.02% |
| Mar 31, 2025 | 23.02% |
| Dec 31, 2024 | 22.14% |
| Dec 31, 2024 | 22.14% |
| Sep 30, 2024 | 20.71% |
| Sep 30, 2024 | 20.71% |
| Jun 30, 2024 | 22.07% |
| Jun 30, 2024 | 22.07% |
| Mar 31, 2024 | 22.27% |
| Mar 31, 2024 | 22.27% |
| Dec 31, 2023 | -41.61% |
| Dec 31, 2023 | -41.61% |