What is Verizon's free cash flow?

Latest reported free cash flow for Verizon (VZ) is $20.05B as of the trailing twelve months (TTM) ending March 31, 2026.

How has Verizon free cash flow changed year-over-year?

Verizon (VZ) free cash flow changed +6.4% year-over-year on the latest annual filing.

What is the long-term growth rate of Verizon free cash flow?

Verizon (VZ) free cash flow compound annual growth rate is -1.3% over the most recent 5 years available.

When did Verizon free cash flow hit its highest annual value?

Verizon free cash flow reached its highest annual value of $21.63B in 2013.

What was Verizon free cash flow in 2024?

Verizon (VZ) free cash flow in 2024 was $18.92B.

What was Verizon free cash flow in 2025?

Verizon (VZ) free cash flow in 2025 was $20.13B.

Verizon (VZ) Free Cash Flow

Latest period

$20.05B

YoY change

+6.4%

5Y CAGR

-1.3%

Peak year (2013)

$21.63B

Free Cash Flow history chart for Verizon (VZ) from 1989 to 2025

Latest: $20.13B

Free Cash Flow growth chart for Verizon (VZ) from 1989 to 2025

Latest: +6.4%

Free Cash Flow history table for Verizon (VZ) from 1989 to 2025


2025	$20.13B	+6.4%	+$1.20B	Dec 31, 2025	Feb 17, 2026
2024	$18.92B	+1.1%	+$214.00M	Dec 31, 2024	Feb 12, 2025
2023	$18.71B	+79.9%	+$8.31B	Dec 31, 2023	Feb 9, 2024
2022	$10.40B	-46.0%	−$8.85B	Dec 31, 2022	Feb 10, 2023
2021	$19.25B	-10.2%	−$2.20B	Dec 31, 2021	Feb 11, 2022
2020	$21.45B	+26.9%	+$4.54B	Dec 31, 2020	Feb 25, 2021
2019	$16.91B	+4.0%	+$657.00M	Dec 31, 2019	Feb 21, 2020
2018	$16.25B	+150.5%	+$9.76B	Dec 31, 2018	Feb 15, 2019
2017	$6.49B	+58.4%	+$2.39B	Dec 31, 2017	Feb 23, 2018
2016	$4.10B	-80.7%	−$17.16B	Dec 31, 2016	Feb 21, 2017
2015	$21.25B	+62.4%	+$8.17B	Dec 31, 2015	Feb 23, 2016
2014	$13.09B	-39.5%	−$8.55B	Dec 31, 2014	Feb 23, 2015
2013	$21.63B	+90.2%	+$10.26B	Dec 31, 2013	Feb 27, 2014
2012	$11.38B	-16.0%	−$2.16B	Dec 31, 2012	Feb 26, 2013
2011	$13.54B	-19.9%	−$3.37B	Dec 31, 2011	Feb 24, 2012
2010	$16.91B	+17.9%	+$2.56B	Dec 31, 2010	Feb 28, 2011
2009	$14.34B	+40.4%	+$4.13B	Dec 31, 2009	Feb 26, 2010
2008	$10.21B	+9.8%	+$913.00M	Dec 31, 2008	Feb 24, 2009
2007	$9.30B	+32.8%	+$2.30B	Dec 31, 2007	Feb 28, 2008
2006	$7.00B	+4.5%	+$304.00M	Dec 31, 2006	Mar 1, 2007
2005	$6.70B	-21.5%	−$1.83B	Dec 31, 2005	Mar 14, 2006
2004	$8.53B	-19.4%	−$2.05B	Dec 31, 2004	Mar 14, 2005
2003	$10.58B	+4.8%	+$485.00M	Dec 31, 2003	Mar 12, 2004
2002	$10.10B	+368.6%	+$7.94B	Dec 31, 2002	Mar 14, 2003
2001	$2.15B	-219.3%	+$3.96B	Dec 31, 2001	Mar 20, 2002
2000	−$1.81B	-123.0%	−$9.64B	Dec 31, 2000	Mar 23, 2001
1999	$7.84B	-4.6%	−$378.60M	Dec 31, 1999	Mar 30, 2000
1998	$8.22B	+269.9%	+$5.99B	Dec 31, 1998	Mar 30, 1999
1997	$2.22B	-64.3%	−$4.01B	Dec 31, 1997	Mar 25, 1998
1996	$6.23B	+18.2%	+$960.20M	Dec 31, 1996	Mar 25, 1997
1995	$5.27B	+377.0%	+$4.16B	Dec 31, 1995	Apr 29, 1996
1994	$1.10B	-35.7%	−$612.30M	Dec 31, 1994	Mar 30, 1995
1993	$1.72B	+19.1%	+$275.00M	Dec 31, 1993	Mar 31, 1994
1992	$1.44B	+11.2%	+$145.00M	Dec 31, 1992	Dec 31, 1992
1991	$1.30B	+28.0%	+$283.40M	Dec 31, 1991	Dec 31, 1991
1990	$1.01B	-22.5%	−$294.40M	Dec 31, 1990	Dec 31, 1990
1989	$1.31B	—	—	Dec 31, 1989	Dec 31, 1989

2025$20.13B+6.4%
2024$18.92B+1.1%
2023$18.71B+79.9%
2022$10.40B-46.0%
2021$19.25B-10.2%
2020$21.45B+26.9%
2019$16.91B+4.0%
2018$16.25B+150.5%
2017$6.49B+58.4%
2016$4.10B-80.7%
2015$21.25B+62.4%
2014$13.09B-39.5%
2013$21.63B+90.2%
2012$11.38B-16.0%
2011$13.54B-19.9%
2010$16.91B+17.9%
2009$14.34B+40.4%
2008$10.21B+9.8%
2007$9.30B+32.8%
2006$7.00B+4.5%
2005$6.70B-21.5%
2004$8.53B-19.4%
2003$10.58B+4.8%
2002$10.10B+368.6%
2001$2.15B-219.3%
2000−$1.81B-123.0%
1999$7.84B-4.6%
1998$8.22B+269.9%
1997$2.22B-64.3%
1996$6.23B+18.2%
1995$5.27B+377.0%
1994$1.10B-35.7%
1993$1.72B+19.1%
1992$1.44B+11.2%
1991$1.30B+28.0%
1990$1.01B-22.5%
1989$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 $20.05B · YoY +6.4%. Annual and quarterly series, chart, and tables are below.

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 1989.

The 2025 reading of Verizon (VZ) free cash flow is $20.13B – 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 $21.63B to $20.13B.

2013 marks the peak free cash flow at $21.63B, with the historical low of −$1.81B recorded in 2000.

Verizon Free Cash Flow by Year

Verizon Free Cash Flow 2025: $20.13B

2025's free cash flow for Verizon came in at $20.13B, grew 6.4% from 2024.

Verizon Free Cash Flow 2024: $18.92B

Verizon posted free cash flow of $18.92B in 2024, edged up 1.1% from 2023.

Verizon Free Cash Flow 2023: $18.71B

In 2023, Verizon reported free cash flow of $18.71B, surged 79.9% from 2022.

Verizon Free Cash Flow 2022: $10.40B

Verizon free cash flow in 2022 was $10.40B, plunged 46.0% below 2021.

Verizon Free Cash Flow 2021: $19.25B

Verizon free cash flow in 2021 was $19.25B.

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


Alphabet (GOOGL)	$73.27B
Meta (META)	$46.11B
Comcast (CMCSA)	$21.89B
AT&T (T)	$19.44B
T-Mobile US (TMUS)	$18.00B
Walt Disney (DIS)	$10.08B
Netflix (NFLX)	$9.46B
Spotify (SPOT)	$3.34B

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Verizon (VZ) Key Financials

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