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FCF Margin for Verizon (VZ)

As of · Reported

Metric

TTM

14.4%

YoY change

+0.53pp

Trough year (2000)

-2.8%

Peak year (1998)

26.0%

FCF Margin history chart for Verizon (VZ) from 1989 to 2025

Latest: 14.6%

FCF Margin change chart for Verizon (VZ) from 1989 to 2025

Latest: +0.53pp

FCF Margin history table for Verizon (VZ) from 1989 to 2025

  • 202514.6%+0.53pp
  • 202414.0%+0.07pp
  • 202314.0%+6.36pp
  • 20227.6%-6.81pp
  • 202114.4%-2.31pp
  • 202016.7%+3.90pp
  • 201912.8%+0.40pp
  • 201812.4%+7.27pp
  • 20175.1%+1.90pp
  • 20163.3%-12.90pp
  • 201516.1%+5.85pp
  • 201410.3%-7.65pp
  • 201317.9%+8.13pp
  • 20129.8%-2.39pp
  • 201112.2%-3.66pp
  • 201015.9%+2.56pp
  • 200913.3%+2.81pp
  • 200810.5%+0.54pp
  • 200710.0%+2.01pp
  • 20067.9%-1.70pp
  • 20059.6%-3.34pp
  • 200413.0%-2.71pp
  • 200315.7%+0.63pp
  • 200215.1%+11.83pp
  • 20013.2%+6.02pp
  • 2000-2.8%-16.26pp
  • 199913.5%-12.56pp
  • 199826.0%+18.67pp
  • 19977.4%-14.00pp
  • 199621.4%+2.50pp
  • 199518.9%+10.85pp
  • 19948.0%-5.21pp
  • 199313.2%+1.82pp
  • 199211.4%+0.84pp
  • 199110.6%+2.32pp
  • 19908.2%-3.18pp
  • 198911.4%—

FCF 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 FCF Margin at Verizon (VZ)

According to Verizon's latest reported financial statements, the company's latest reported free cash flow margin is 14.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual free cash flow margin for Verizon (VZ) came in at 14.56% – expanded 0.5 percentage points year-over-year.

The record annual free cash flow margin stands at 26.03%, reached in 1998; the historical low of -2.79% was recorded in 2000.

Verizon FCF Margin by Year

Verizon FCF Margin 2025: 14.6%

Verizon posted free cash flow margin of 14.56% in 2025, expanded 0.5 percentage points from 2024.

Verizon FCF Margin 2024: 14.0%

In 2024, Verizon reported free cash flow margin of 14.04%, expanded 0.1 percentage points from 2023.

Verizon FCF Margin 2023: 14.0%

Verizon free cash flow margin in 2023 was 13.96%, expanded 6.4 percentage points from 2022.

Verizon FCF Margin 2022: 7.6%

2022's free cash flow margin for Verizon came in at 7.60%, contracted 6.8 percentage points from 2021.

Verizon FCF Margin 2021: 14.4%

Verizon free cash flow margin in 2021 was 14.41%.

See more financial history for Verizon (VZ).

Sector peers by FCF Margin

Communication Services peers of Verizon (VZ), ranked by their latest free cash flow margin

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