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SEC filingVerizon Communications Inc. reported strong financial results for fiscal year 2025, with operating revenues of $138.19 billion and net income attributable to Verizon of $17.17 billion. The company generated operating income of $29.26 billion, representing an operating margin of 21.2%. Key drivers included effective cost management with total operating expenses of $108.93 billion and robust cash generation with net cash provided by operating activities of $37.14 billion. The company maintained a solid balance sheet with total assets of $404.26 billion and total equity of $105.74 billion. Verizon paid $11.48 billion in dividends and invested $17.01 billion in capital expenditures, demonstrating continued commitment to network infrastructure and shareholder returns.
Verizon Communications Inc. delivered solid financial performance for fiscal year 2025, ending December 31, 2025. The company reported operating revenues of $138.19 billion, generating operating income of $29.26 billion. Net income attributable to Verizon was $17.17 billion, with earnings per share of $4.00 based on weighted-average shares outstanding of 4.23 billion. The company maintained strong profitability with an operating margin of 21.2%. Interest expense totaled $6.69 billion, while provision for income taxes was $5.06 billion. Total net income including noncontrolling interests was $17.61 billion.
No segment breakdown or geographic mix data was provided in the available financial data. The company reported total operating revenues of $138.19 billion for fiscal year 2025. Operating expenses totaled $108.93 billion, consisting of cost of services and wireless equipment ($56.77 billion), selling, general and administrative expenses ($33.82 billion), and depreciation and amortization expense ($18.35 billion). No specific revenue growth drivers or segment performance details were disclosed in the provided financial statements.
Verizon demonstrated solid profitability metrics for fiscal year 2025. The company achieved an operating margin of 21.2% based on operating income of $29.26 billion and operating revenues of $138.19 billion. Gross profit can be calculated as $81.42 billion (operating revenues of $138.19B minus cost of services and wireless equipment of $56.77B), resulting in a gross margin of 58.9%. The cost structure shows selling, general and administrative expenses represented 24.5% of operating revenues, while depreciation and amortization accounted for 13.3% of operating revenues.
Verizon generated strong operating cash flow of $37.14 billion for fiscal year 2025, with net income of $17.61 billion adjusted for non-cash items including depreciation and amortization of $18.35 billion. Free cash flow, calculated as operating cash flow ($37.14B) minus capital expenditures ($17.01B), was $20.13 billion. The balance sheet shows total assets of $404.26 billion, including cash and cash equivalents of $19.05 billion, property, plant and equipment (net) of $109.47 billion, and wireless licenses of $157.04 billion. Total liabilities were $298.52 billion ($62.37B current + $236.15B long-term), with total debt of $158.15 billion ($18.62B current + $139.53B long-term). Total equity was $105.74 billion, resulting in a debt-to-equity ratio of 1.5:1.
No specific management guidance, strategic priorities, or forward-looking statements were provided in the available financial data. The filing does not include risk factors or outlook sections in the provided content. The financial statements show the company continued to invest in its business with capital expenditures of $17.01 billion and acquisitions of wireless licenses totaling $450 million. Dividend payments of $11.48 billion indicate continued commitment to shareholder returns. The company's liquidity position appears strong with $19.05 billion in cash and cash equivalents and operating cash flow generation of $37.14 billion.