What is Verizon's EBITDA margin?

Latest reported EBITDA margin for Verizon (VZ) is 34.96% as of the trailing twelve months (TTM) ending March 31, 2026.

How has Verizon EBITDA margin changed year-over-year?

Verizon (VZ) EBITDA margin changed −0.7 percentage points year-over-year on the latest annual filing.

When did Verizon EBITDA margin hit its highest annual value?

Verizon EBITDA margin reached its highest annual value of 51.55% in 1998.

What was Verizon EBITDA margin in 2024?

Verizon (VZ) EBITDA margin in 2024 was 35.26%.

What was Verizon EBITDA margin in 2025?

Verizon (VZ) EBITDA margin in 2025 was 34.53%.

Verizon (VZ) EBITDA Margin — Annual & Quarterly %

TTM

35.0%

YoY change

−0.73pp

Trough year (2012)

25.0%

Peak year (1998)

51.5%

EBITDA Margin history chart for Verizon (VZ) from 1985 to 2025

Latest: 34.5%

EBITDA Margin change chart for Verizon (VZ) from 1985 to 2025

Latest: −0.73pp

EBITDA Margin history table for Verizon (VZ) from 1985 to 2025


2025	34.5%	-0.73pp	Dec 31, 2025	Feb 17, 2026
2024	35.3%	+5.30pp	Dec 31, 2024	Feb 12, 2025
2023	30.0%	-5.82pp	Dec 31, 2023	Feb 9, 2024
2022	35.8%	-0.99pp	Dec 31, 2022	Feb 10, 2023
2021	36.8%	+1.72pp	Dec 31, 2021	Feb 11, 2022
2020	35.0%	+1.57pp	Dec 31, 2020	Feb 25, 2021
2019	33.5%	+1.49pp	Dec 31, 2019	Feb 21, 2020
2018	32.0%	-1.56pp	Dec 31, 2018	Feb 15, 2019
2017	33.5%	+0.77pp	Dec 31, 2017	Feb 23, 2018
2016	32.8%	-4.59pp	Dec 31, 2016	Feb 21, 2017
2015	37.4%	+8.47pp	Dec 31, 2015	Feb 23, 2016
2014	28.9%	-11.38pp	Dec 31, 2014	Feb 23, 2015
2013	40.3%	+15.30pp	Dec 31, 2013	Feb 27, 2014
2012	25.0%	-1.91pp	Dec 31, 2012	Feb 26, 2013
2011	26.9%	-2.69pp	Dec 31, 2011	Feb 24, 2012
2010	29.6%	+0.92pp	Dec 31, 2010	Feb 28, 2011
2009	28.6%	-4.53pp	Dec 31, 2009	Feb 26, 2010
2008	33.2%	+0.28pp	Dec 31, 2008	Feb 24, 2009
2007	32.9%	-0.08pp	Dec 31, 2007	Feb 28, 2008
2006	33.0%	-6.13pp	Dec 31, 2006	Mar 1, 2007
2005	39.1%	-4.71pp	Dec 31, 2005	Mar 14, 2006
2004	43.8%	+10.24pp	Dec 31, 2004	Mar 14, 2005
2003	33.6%	-2.12pp	Dec 31, 2003	Mar 12, 2004
2002	35.7%	+5.50pp	Dec 31, 2002	Mar 14, 2003
2001	30.2%	-8.77pp	Dec 31, 2001	Mar 20, 2002
2000	39.0%	-3.05pp	Dec 31, 2000	Mar 23, 2001
1999	42.0%	-9.51pp	Dec 31, 1999	Mar 30, 2000
1998	51.5%	+14.80pp	Dec 31, 1998	Mar 30, 1999
1997	36.7%	-2.21pp	Dec 31, 1997	Mar 25, 1998
1996	39.0%	+0.81pp	Dec 31, 1996	Mar 25, 1997
1995	38.1%	-1.43pp	Dec 31, 1995	Apr 29, 1996
1994	39.6%	-1.56pp	Dec 31, 1994	Mar 30, 1995
1993	41.1%	+2.20pp	Dec 31, 1993	Mar 31, 1994
1992	38.9%	-0.35pp	Dec 31, 1992	Dec 31, 1992
1991	39.3%	-1.26pp	Dec 31, 1991	Dec 31, 1991
1990	40.5%	+1.83pp	Dec 31, 1990	Dec 31, 1990
1989	38.7%	-3.55pp	Dec 31, 1989	Dec 31, 1989
1988	42.3%	-1.07pp	Dec 31, 1988	Dec 31, 1988
1987	43.3%	-0.92pp	Dec 31, 1987	Dec 31, 1987
1986	44.3%	+2.33pp	Dec 31, 1986	Dec 31, 1986
1985	41.9%	—	Dec 31, 1985	Dec 31, 1985

202534.5%-0.73pp
202435.3%+5.30pp
202330.0%-5.82pp
202235.8%-0.99pp
202136.8%+1.72pp
202035.0%+1.57pp
201933.5%+1.49pp
201832.0%-1.56pp
201733.5%+0.77pp
201632.8%-4.59pp
201537.4%+8.47pp
201428.9%-11.38pp
201340.3%+15.30pp
201225.0%-1.91pp
201126.9%-2.69pp
201029.6%+0.92pp
200928.6%-4.53pp
200833.2%+0.28pp
200732.9%-0.08pp
200633.0%-6.13pp
200539.1%-4.71pp
200443.8%+10.24pp
200333.6%-2.12pp
200235.7%+5.50pp
200130.2%-8.77pp
200039.0%-3.05pp
199942.0%-9.51pp
199851.5%+14.80pp
199736.7%-2.21pp
199639.0%+0.81pp
199538.1%-1.43pp
199439.6%-1.56pp
199341.1%+2.20pp
199238.9%-0.35pp
199139.3%-1.26pp
199040.5%+1.83pp
198938.7%-3.55pp
198842.3%-1.07pp
198743.3%-0.92pp
198644.3%+2.33pp
198541.9%—

EBITDA Margin values are taken from Verizon's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Verizon (VZ)

According to Verizon's latest reported financial statements, the company's latest reported EBITDA margin is 35.0%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 1, 2026). Chart and table below cover the full reported history back to 1985.

As of the 2025 fiscal year, Verizon (VZ) reported EBITDA margin of 34.53% – contracted 0.7 percentage points year-over-year.

Across the available history, EBITDA margin reached its high of 51.55% in 1998 and its low of 24.97% in 2012.

Verizon EBITDA Margin by Year

Verizon EBITDA Margin 2025: 34.5%

Verizon EBITDA margin in 2025 was 34.53%, contracted 0.7 percentage points from 2024.

Verizon EBITDA Margin 2024: 35.3%

2024's EBITDA margin for Verizon came in at 35.26%, expanded 5.3 percentage points from 2023.

Verizon EBITDA Margin 2023: 30.0%

Verizon posted EBITDA margin of 29.96% in 2023, contracted 5.8 percentage points from 2022.

Verizon EBITDA Margin 2022: 35.8%

In 2022, Verizon reported EBITDA margin of 35.77%, contracted 1.0 percentage points from 2021.

Verizon EBITDA Margin 2021: 36.8%

Verizon EBITDA margin in 2021 was 36.77%.

See more financial history for Verizon (VZ).

Sector peers by EBITDA Margin

Communication Services peers of Verizon (VZ), ranked by their latest EBITDA margin


Netflix (NFLX)	72.7%
Meta (META)	52.8%
Alphabet (GOOGL)	51.8%
AT&T (T)	42.3%
Comcast (CMCSA)	35.7%
T-Mobile US (TMUS)	31.1%
Walt Disney (DIS)	21.3%
Spotify (SPOT)	17.0%

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