Also trades as: VZ.NE (NEO) · $vol 0M · BAC.DE (XETRA) · $vol 0M · VZ.TO (TSX) · $vol 0M · VERIZ.BR (BRU)
VZ NYSE
Verizon Communications Inc.
1W: -2.4%
1M: -7.0%
3M: -10.5%
YTD: +8.2%
1Y: +12.3%
3Y: +55.6%
5Y: +7.2%
$43.91
+0.81 (+1.89%)
After Hours: $43.86 (-0.05, -0.13%)
Weekly Expected Move ±5.6%
$40
$42
$45
$47
$50
Credit Risk of going bust: lower than 57% of companies Debt: 51.3% of company value Bonds: $2.55B held by 817 funds, 100 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.19 (down 95%), Verizon Communications Inc. would be worth roughly what it owes.
Total debt $188.46B against a stock market value of $179.07B.
Distance to default 5.88 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $98.34B (short-term plus half of long-term), stock volatility 27.2%; Altman Z'' 1.21. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.19 (down 95%), Verizon Communications Inc. would be worth roughly what it owes.
Total debt $188.46B against a stock market value of $179.07B.
Distance to default 5.88 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $98.34B (short-term plus half of long-term), stock volatility 27.2%; Altman Z'' 1.21. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$37.1B
+0.6% ▲
5Y CAGR: -2.3%
Capital Expenditures
$17.0B
+5.4% ▲
5Y CAGR: -3.5%
Free Cash Flow
$20.1B
+6.4% ▲
5Y CAGR: -1.3%
Dividends Paid
$11.5B
-2.1% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
$14.5B
+1177.2% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $22.6B | $21.7B | $12.1B | $17.9B | $17.2B |
| Depreciation & Amort. | $16.2B | $17.1B | $17.6B | $17.9B | $18.3B |
| Stock-Based Comp. | $0 | $609M | $0 | $0 | $0 |
| Change in Working Capital | -$890M | -$456M | -$267M | -$2.3B | -$2.3B |
| Other Non-Cash Items | -$2.7B | -$4.8B | $5.6B | $2.5B | $1.6B |
| Operating Cash Flow | $39.5B | $37.1B | $37.5B | $36.9B | $37.1B |
| — Investing Activities — | |||||
| Capital Expenditures | -$20.3B | -$26.7B | -$24.6B | -$18.0B | -$17.5B |
| Acquisitions (Net) | $57M | $281M | -$30M | $0 | $0 |
| Investment Purchases | -$21M | -$2.3B | $0 | $0 | $0 |
| Investment Sales | $21M | $0 | $0 | $0 | $0 |
| Other Investing | -$46.9B | $62M | $1.2B | -$684M | $801M |
| Investing Cash Flow | -$67.2B | -$28.7B | -$23.4B | -$18.7B | -$16.7B |
| — Financing Activities — | |||||
| Net Debt Issuance | $22.6B | $4.3B | -$2.2B | -$4.8B | $7.8B |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$10.4B | -$10.8B | -$11.0B | -$11.2B | -$11.5B |
| Other Financing | -$3.8B | -$2.1B | -$1.5B | -$1.1B | -$1.9B |
| Financing Cash Flow | $8.3B | -$8.5B | -$14.7B | -$17.1B | -$5.6B |
| Net Change in Cash | -$19.3B | -$50M | -$614M | $1.1B | $14.5B |
| Cash End of Period | $4.2B | $4.1B | $3.5B | $4.6B | $19.0B |
| Free Cash Flow | $19.3B | $10.4B | $18.7B | $18.9B | $20.1B |