Latest period
$21.4B
YoY change
+6.4%
5Y CAGR
-1.3%
Peak year (FY2013)
$21.6B
Latest annual
$20.1B
Free Cash Flow history chart for Verizon (VZ) from 2016 to 2025
Latest: $20.1B
Free Cash Flow growth chart for Verizon (VZ) from 2016 to 2025
Latest: +6.4%
Free Cash Flow history table for Verizon (VZ) from 1989 to 2025
| FY2025 | $20.1B | +6.4% | +$1.2B | ||
| FY2024 | $18.9B | +1.1% | +$214M | ||
| FY2023 | $18.7B | +79.9% | +$8.31B | ||
| FY2022 | $10.4B | -46.0% | -$8.85B | ||
| FY2021 | $19.3B | -10.2% | -$2.2B | ||
| FY2020 | $21.5B | +26.9% | +$4.54B | ||
| FY2019 | $16.9B | +4.0% | +$657M | ||
| FY2018 | $16.3B | +150.5% | +$9.76B | ||
| FY2017 | $6.49B | +58.4% | +$2.39B | ||
| FY2016 | $4.1B | -80.7% | -$17.2B | ||
| FY2015 | $21.3B | +62.4% | +$8.17B | ||
| FY2014 | $13.1B | -39.5% | -$8.55B | ||
| FY2013 | $21.6B | +90.2% | +$10.3B | ||
| FY2012 | $11.4B | -16.0% | -$2.16B | ||
| FY2011 | $13.5B | -19.9% | -$3.37B | ||
| FY2010 | $16.9B | +17.9% | +$2.56B | ||
| FY2009 | $14.3B | +40.4% | +$4.13B | ||
| FY2008 | $10.2B | +9.8% | +$913M | ||
| FY2007 | $9.3B | +32.8% | +$2.3B | ||
| FY2006 | $7.01B | +4.5% | +$304M | ||
| FY2005 | $6.7B | -21.5% | -$1.83B | ||
| FY2004 | $8.53B | -19.4% | -$2.05B | ||
| FY2003 | $10.6B | +4.8% | +$485M | ||
| FY2002 | $10.1B | +368.6% | +$7.94B | ||
| FY2001 | $2.16B | -219.3% | +$3.96B | ||
| FY2000 | -$1.81B | -123.0% | -$9.64B | ||
| FY1999 | $7.84B | -4.6% | -$379M | ||
| FY1998 | $8.22B | +269.9% | +$5.99B | ||
| FY1997 | $2.22B | -64.3% | -$4.01B | ||
| FY1996 | $6.23B | +18.2% | +$960M | ||
| FY1995 | $5.27B | +377.0% | +$4.16B | ||
| FY1994 | $1.1B | -35.7% | -$612M | ||
| FY1993 | $1.72B | +19.1% | +$275M | ||
| FY1992 | $1.44B | +11.2% | +$145M | ||
| FY1991 | $1.3B | +28.0% | +$283M | ||
| FY1990 | $1.01B | -22.5% | -$294M | ||
| FY1989 | $1.31B | — | — |
- FY2025$20.1B+6.4%
- FY2024$18.9B+1.1%
- FY2023$18.7B+79.9%
- FY2022$10.4B-46.0%
- FY2021$19.3B-10.2%
- FY2020$21.5B+26.9%
- FY2019$16.9B+4.0%
- FY2018$16.3B+150.5%
- FY2017$6.49B+58.4%
- FY2016$4.1B-80.7%
- FY2015$21.3B+62.4%
- FY2014$13.1B-39.5%
- FY2013$21.6B+90.2%
- FY2012$11.4B-16.0%
- FY2011$13.5B-19.9%
- FY2010$16.9B+17.9%
- FY2009$14.3B+40.4%
- FY2008$10.2B+9.8%
- FY2007$9.3B+32.8%
- FY2006$7.01B+4.5%
- FY2005$6.7B-21.5%
- FY2004$8.53B-19.4%
- FY2003$10.6B+4.8%
- FY2002$10.1B+368.6%
- FY2001$2.16B-219.3%
- FY2000-$1.81B-123.0%
- FY1999$7.84B-4.6%
- FY1998$8.22B+269.9%
- FY1997$2.22B-64.3%
- FY1996$6.23B+18.2%
- FY1995$5.27B+377.0%
- FY1994$1.1B-35.7%
- FY1993$1.72B+19.1%
- FY1992$1.44B+11.2%
- FY1991$1.3B+28.0%
- FY1990$1.01B-22.5%
- FY1989$1.31B—
Free Cash Flow values are taken from Verizon's reported cash flow 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 Free Cash Flow at Verizon (VZ)
Free Cash Flow for Verizon (VZ): headline value $21.4B · YoY +6.4%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Verizon (VZ) free cash flow is $20.1B – grew 6.4% year-over-year.
Across 2020–2025 (5 years), Verizon free cash flow produced a CAGR of -1.3% – sustaining 3 straight years of year-over-year growth.
Between 2013 and 2025, Verizon free cash flow declined 7.0%, falling from $21.6B to $20.1B.
2013 marks the peak free cash flow at $21.6B, with the historical low of -$1.81B recorded in 2000.
Verizon Free Cash Flow by Year
Verizon Free Cash Flow 2025: $20.1B
2025's free cash flow for Verizon came in at $20.1B, grew 6.4% from 2024.
Verizon Free Cash Flow 2024: $18.9B
Verizon posted free cash flow of $18.9B in 2024, edged up 1.1% from 2023.
Verizon Free Cash Flow 2023: $18.7B
In 2023, Verizon reported free cash flow of $18.7B, surged 79.9% from 2022.
Verizon Free Cash Flow 2022: $10.4B
Verizon free cash flow in 2022 was $10.4B, plunged 46.0% below 2021.
Verizon Free Cash Flow 2021: $19.3B
Verizon free cash flow in 2021 was $19.3B.
See more financial history for Verizon (VZ).
Sector peers by Free Cash Flow
Communication Services peers of Verizon (VZ), ranked by their latest free cash flow
| $73.3B | |
| $46.1B | |
| $19.4B | |
| $18B | |
| $10.1B | |
| $9.46B | |
| $3.34B | |
| $2.17B |
- $73.3B
- $46.1B
- $19.4B
- $10.1B
- $9.46B
- $3.34B
- $2.17B
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- Buybacks1.98% TTM
- Dividend Profile5.97% yield
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- Stock Split History5 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.