How Verizon (VZ) Makes Money: A Visual Guide
Verizon (VZ) generated $138.19B in revenue (TTM through Q4 2025), earning $17.17B in net profit (12.4% margin). Its largest revenue source is Verizon Consumer Group (78.6% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Verizon (VZ) Income Statement Flow
Frequently asked questions
How does Verizon (VZ) make money?
- Verizon (VZ) primarily makes money through Verizon Consumer Group, which accounts for 78.6% of total revenue. For TTM through Q4 2025, Verizon generated $138.19B in total revenue with a net profit margin of 12.4%.
What is Verizon (VZ) gross profit margin?
- Verizon (VZ) reported a gross profit margin of 55.7% for TTM through Q4 2025, equivalent to $76.98B in gross profit. This means Verizon retains 55.7% of each revenue unit after direct costs of production.
What is Verizon (VZ) operating profit margin?
- Verizon (VZ) reported an operating profit margin of 21.2% for TTM through Q4 2025, equivalent to $29.26B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Verizon (VZ) net profit margin?
- Verizon (VZ) reported a net profit margin of 12.4% for TTM through Q4 2025, equivalent to $17.17B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Verizon (VZ) spend on capital expenditures?
- Verizon (VZ) spent $17.35B on capital expenditures in TTM through Q4 2025 (12.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Verizon (VZ) free cash flow?
- Verizon (VZ) generated $19.79B in free cash flow for TTM through Q4 2025 (14.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Verizon (VZ) effective tax rate?
- Verizon (VZ) had an effective tax rate of 22.3% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.