Shares Outstanding for Verizon (VZ)
According to Verizon's latest reported financial statements, the company's latest reported diluted shares outstanding is 4.23B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
VZ
Currently viewingShares OutstandingSwitch metric
Latest period
4.23B
YoY change
+0.3%
5Y CAGR
+0.4%
Peak year (2025)
4.23B
Latest annual
4.23B
Shares Outstanding history chart for Verizon (VZ) from 1985 to 2025
Shares Outstanding history table for Verizon (VZ) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 4.23B | +0.3% | ||
| 2024 | 4.22B | +0.1% | ||
| 2023 | 4.21B | +0.3% | ||
| 2022 | 4.20B | +1.3% | ||
| 2021 | 4.15B | +0.2% | ||
| 2020 | 4.14B | +0.0% | ||
| 2019 | 4.14B | +0.2% | ||
| 2018 | 4.13B | +1.1% | ||
| 2017 | 4.09B | +0.1% | ||
| 2016 | 4.09B | -0.2% | ||
| 2015 | 4.09B | +2.8% | ||
| 2014 | 3.98B | +38.5% | ||
| 2013 | 2.87B | +0.4% | ||
| 2012 | 2.86B | +0.8% | ||
| 2011 | 2.84B | +0.2% | ||
| 2010 | 2.83B | -0.3% | ||
| 2009 | 2.84B | -0.3% | ||
| 2008 | 2.85B | -1.8% | ||
| 2007 | 2.90B | -1.2% | ||
| 2006 | 2.94B | +4.3% | ||
| 2005 | 2.82B | -0.5% | ||
| 2004 | 2.83B | -0.0% | ||
| 2003 | 2.83B | +1.5% | ||
| 2002 | 2.79B | +2.2% | ||
| 2001 | 2.73B | -0.2% | ||
| 2000 | 2.73B | -1.5% | ||
| 1999 | 2.78B | +76.0% | ||
| 1998 | 1.58B | +0.9% | ||
| 1997 | 1.56B | +65.2% | ||
| 1996 | 946.47M | +8.4% | ||
| 1995 | 872.86M | -0.5% | ||
| 1994 | 876.80M | +0.9% | ||
| 1993 | 868.65M | +1.7% | ||
| 1992 | 853.89M | +9.7% | ||
| 1991 | 778.71M | +0.3% | ||
| 1990 | 776.63M | -1.7% | ||
| 1989 | 790.07M | +0.2% | ||
| 1988 | 788.50M | -0.8% | ||
| 1987 | 795.13M | +0.1% | ||
| 1986 | 793.95M | -0.5% | ||
| 1985 | 797.74M | — |
Shares Outstanding values are taken from Verizon's reported income 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
In 2025, Verizon (VZ) diluted shares outstanding totalled 4.23B – edged up 0.3% year-over-year.
Verizon diluted shares outstanding has grown for 9 consecutive years, with a +0.4% compound annual growth rate over 2020–2025 (5 years).
The highest annual diluted shares outstanding of 4.23B was reported in 2025. The lowest in the available history was 776.63M in 1990.
Within Communication Services, Verizon (VZ) ranks 4th among 8 peers we track. The peer median for diluted shares outstanding is 3.10B.
Verizon Shares Outstanding by Year
Verizon Shares Outstanding 2025: 4.23B
Verizon diluted shares outstanding in 2025 was 4.23B, edged up 0.3% from 2024. This figure represents the highest annual value in the available history.
Verizon Shares Outstanding 2024: 4.22B
Verizon diluted shares outstanding in 2024 was 4.22B, edged up 0.1% from 2023.
Verizon Shares Outstanding 2023: 4.21B
Verizon diluted shares outstanding in 2023 was 4.21B, edged up 0.3% from 2022.
Verizon Shares Outstanding 2022: 4.20B
Verizon diluted shares outstanding in 2022 was 4.20B, edged up 1.3% from 2021.
Verizon Shares Outstanding 2021: 4.15B
Verizon diluted shares outstanding in 2021 was 4.15B.
See more financial history for Verizon (VZ).
Sector peers — Shares Outstanding
Companies in the same sector as Verizon, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | 12.23B | Communication Services |
| AT&T Inc. (T) | 7.18B | Communication Services |
| Netflix, Inc. (NFLX) | 4.32B | Communication Services |
| Comcast Corporation (CMCSA) | 3.64B | Communication Services |
| Meta Platforms, Inc. (META) | 2.57B | Communication Services |
| The Walt Disney Company (DIS) | 1.81B | Communication Services |
| T-Mobile US, Inc. (TMUS) | 1.13B | Communication Services |
| Spotify Technology S.A. (SPOT) | 210.51M | Communication Services |
Frequently asked questions
What is Verizon's diluted shares outstanding?
- Latest reported diluted shares outstanding for Verizon (VZ) is 4.23B (period ending December 31, 2025).
How has Verizon diluted shares outstanding changed year-over-year?
- Verizon (VZ) diluted shares outstanding changed +0.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Verizon diluted shares outstanding?
- Verizon (VZ) diluted shares outstanding compound annual growth rate is +0.4% over the most recent 5 years available.
When did Verizon diluted shares outstanding hit its highest annual value?
- Verizon diluted shares outstanding reached its highest annual value of 4.23B in 2025.
What was Verizon diluted shares outstanding in 2024?
- Verizon (VZ) diluted shares outstanding in 2024 was 4.22B.
What was Verizon diluted shares outstanding in 2025?
- Verizon (VZ) diluted shares outstanding in 2025 was 4.23B.
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