TTM
21.2%
YoY change
−1.53pp
Trough year (2003)
11.0%
Peak year (2013)
26.3%
Latest annual
21.2%
Operating Margin history chart for Verizon (VZ) from 1985 to 2025
Latest: 21.2%
Operating Margin change chart for Verizon (VZ) from 1985 to 2025
Latest: −1.53pp
Operating Margin history table for Verizon (VZ) from 1985 to 2025
| 2025 | 21.2% | -1.53pp | ||
| 2024 | 22.7% | +1.19pp | ||
| 2023 | 21.5% | -0.75pp | ||
| 2022 | 22.3% | -1.66pp | ||
| 2021 | 23.9% | +0.64pp | ||
| 2020 | 23.3% | -0.25pp | ||
| 2019 | 23.5% | +0.60pp | ||
| 2018 | 22.9% | +1.89pp | ||
| 2017 | 21.0% | +0.47pp | ||
| 2016 | 20.6% | -4.36pp | ||
| 2015 | 24.9% | +10.06pp | ||
| 2014 | 14.9% | -11.42pp | ||
| 2013 | 26.3% | +8.16pp | ||
| 2012 | 18.1% | +1.15pp | ||
| 2011 | 17.0% | -0.82pp | ||
| 2010 | 17.8% | -0.27pp | ||
| 2009 | 18.1% | -0.53pp | ||
| 2008 | 18.6% | +0.72pp | ||
| 2007 | 17.9% | +1.76pp | ||
| 2006 | 16.1% | -1.66pp | ||
| 2005 | 17.8% | -2.03pp | ||
| 2004 | 19.8% | +8.83pp | ||
| 2003 | 11.0% | -11.21pp | ||
| 2002 | 22.2% | +4.99pp | ||
| 2001 | 17.2% | -2.84pp | ||
| 2000 | 20.0% | -5.01pp | ||
| 1999 | 25.0% | +4.05pp | ||
| 1998 | 21.0% | +3.30pp | ||
| 1997 | 17.7% | -3.16pp | ||
| 1996 | 20.8% | +1.45pp | ||
| 1995 | 19.4% | -0.94pp | ||
| 1994 | 20.3% | -1.20pp | ||
| 1993 | 21.5% | +1.72pp | ||
| 1992 | 19.8% | -0.75pp | ||
| 1991 | 20.6% | -0.65pp | ||
| 1990 | 21.2% | +3.64pp | ||
| 1989 | 17.6% | -3.05pp | ||
| 1988 | 20.6% | -2.15pp | ||
| 1987 | 22.8% | -2.05pp | ||
| 1986 | 24.8% | -0.75pp | ||
| 1985 | 25.6% | — |
- 202521.2%-1.53pp
- 202422.7%+1.19pp
- 202321.5%-0.75pp
- 202222.3%-1.66pp
- 202123.9%+0.64pp
- 202023.3%-0.25pp
- 201923.5%+0.60pp
- 201822.9%+1.89pp
- 201721.0%+0.47pp
- 201620.6%-4.36pp
- 201524.9%+10.06pp
- 201414.9%-11.42pp
- 201326.3%+8.16pp
- 201218.1%+1.15pp
- 201117.0%-0.82pp
- 201017.8%-0.27pp
- 200918.1%-0.53pp
- 200818.6%+0.72pp
- 200717.9%+1.76pp
- 200616.1%-1.66pp
- 200517.8%-2.03pp
- 200419.8%+8.83pp
- 200311.0%-11.21pp
- 200222.2%+4.99pp
- 200117.2%-2.84pp
- 200020.0%-5.01pp
- 199925.0%+4.05pp
- 199821.0%+3.30pp
- 199717.7%-3.16pp
- 199620.8%+1.45pp
- 199519.4%-0.94pp
- 199420.3%-1.20pp
- 199321.5%+1.72pp
- 199219.8%-0.75pp
- 199120.6%-0.65pp
- 199021.2%+3.64pp
- 198917.6%-3.05pp
- 198820.6%-2.15pp
- 198722.8%-2.05pp
- 198624.8%-0.75pp
- 198525.6%—
Operating 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 Operating Margin at Verizon (VZ)
According to Verizon's latest reported financial statements, the company's latest reported operating margin is 21.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Verizon (VZ) most recent annual operating margin stands at 21.17% (2025) – contracted 1.5 percentage points year-over-year.
2013 marks the peak operating margin at 26.29%, with the historical low of 10.98% recorded in 2003.
Verizon Operating Margin by Year
Verizon Operating Margin 2025: 21.2%
Verizon posted operating margin of 21.17% in 2025, contracted 1.5 percentage points from 2024.
Verizon Operating Margin 2024: 22.7%
In 2024, Verizon reported operating margin of 22.71%, expanded 1.2 percentage points from 2023.
Verizon Operating Margin 2023: 21.5%
Verizon operating margin in 2023 was 21.52%, contracted 0.7 percentage points from 2022.
Verizon Operating Margin 2022: 22.3%
2022's operating margin for Verizon came in at 22.27%, contracted 1.7 percentage points from 2021.
Verizon Operating Margin 2021: 23.9%
Verizon operating margin in 2021 was 23.92%.
See more financial history for Verizon (VZ).
Sector peers by Operating Margin
Communication Services peers of Verizon (VZ), ranked by their latest operating margin
| 41.2% | |
| 32.7% | |
| 29.7% | |
| 20.4% | |
| 19.4% | |
| 15.5% | |
| 15.3% | |
| 13.7% |
- 41.2%
- 32.7%
- 29.7%
- 20.4%
- 19.4%
- 15.5%
- 15.3%
- 13.7%
Frequently asked questions
Verizon (VZ) Key Financials
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