Free Cash Flow for Verizon (VZ)
Free Cash Flow for Verizon (VZ): headline value $19.79B · 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 .
VZ
Currently viewingFree Cash FlowSwitch metric
Latest period
$19.79B
YoY change
+6.4%
5Y CAGR
-1.3%
Peak year (2013)
$21.63B
Latest annual
$20.13B
Free Cash Flow history chart for Verizon (VZ) from 1989 to 2025
Free Cash Flow history table for Verizon (VZ) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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.
Among 8 Communication Services peers, Verizon (VZ) ranks 4th; the peer median for free cash flow is $18.72B.
Verizon Free Cash Flow by Year
Verizon Free Cash Flow 2025: $20.13B
Verizon free cash flow in 2025 was $20.13B, grew 6.4% from 2024.
Verizon Free Cash Flow 2024: $18.92B
Verizon free cash flow in 2024 was $18.92B, edged up 1.1% from 2023.
Verizon Free Cash Flow 2023: $18.71B
Verizon free cash flow in 2023 was $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 — Free Cash Flow
Companies in the same sector as Verizon, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $73.27B | Communication Services |
| Meta Platforms, Inc. (META) | $46.11B | Communication Services |
| Comcast Corporation (CMCSA) | $21.89B | Communication Services |
| AT&T Inc. (T) | $19.44B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.00B | Communication Services |
| The Walt Disney Company (DIS) | $10.08B | Communication Services |
| Netflix, Inc. (NFLX) | $9.46B | Communication Services |
| Spotify Technology S.A. (SPOT) | $2.87B | Communication Services |
Frequently asked questions
What is Verizon's free cash flow?
Latest reported free cash flow for Verizon (VZ) is $19.79B (period ending December 31, 2025).
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.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
Explore more
VZ Overview
Company profile, financial tools, and key metrics
VZ Revenue Counter
Earns $4,382 every second. See per minute, hour, and day.
VZ Earnings Counter
Earns $544.58 per second net profit. See per minute, hour, and day.
VZ Economic Scale
Exceeds Puerto Rico (US)'s GDP. Compare with world economies.
VZ What If Invested
What if you had invested $1,000? See historical returns from any date.
VZ How It Makes Money
Discover visual breakdown of $138.19B in revenue — where it comes from and where it goes.
VZ Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
VZ Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
VZ Daily Price Character
Steady · 48.1% historical win rate (green days). Streaks & record days.
VZ Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
VZ Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
VZ Dividend Profile
Yield: 5.93%. Safety: 5/8. See full history.
VZ Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
VZ Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.