Verizon Communications Inc.
- ISIN: US92343V1044
- VZ at NYSE
Part of Indexes
- S&P 100
- S&P 500
Verizon Communications Inc., commonly referred to as Verizon, is a multinational telecommunications conglomerate based in the United States. The company was formed in 2000 as the result of a merger between Bell Atlantic and GTE Corporation, and it is headquartered in New York City.
Verizon is a leading provider of wireless and wireline communication services, offering voice, data, video, and Internet services to consumers, businesses, and government entities. The company operates in over 150 countries, serving more than 120 million wireless customers and over 6 million fiber internet customers in the United States.
Verizon operates in several business sectors, including:
Wireless Communications: This is Verizon’s largest business segment, providing wireless voice and data services to both retail and enterprise customers. The company operates a high-speed 4G LTE wireless network, which provides coverage to nearly 99% of the U.S. population.
Wireline Communications: This segment provides high-speed internet, TV, and voice services to both residential and business customers. The company’s fiber optic network, known as Fios, delivers internet speeds up to 940 Mbps, making it one of the fastest residential internet services available.
Business Solutions: This segment provides a range of services to businesses, including wireless and wireline communication services, cloud and data center services, security solutions, and IoT services. Verizon Business also provides advanced communication services to government entities.
Media: Verizon operates a media division, which includes properties such as Yahoo!, AOL, and HuffPost. This division provides digital media, advertising, and content services to consumers and businesses.
Telematics: This segment provides connected vehicle services to businesses and consumers, including fleet management solutions, navigation services, and vehicle diagnostics.
Overall, Verizon’s business sectors cover a broad range of communication and technology services, with a focus on wireless and wireline communications, business solutions, media, and connected vehicle services.
- 2022 revenue: $136.8 billion
- 2021: $135.1 billion
- 2020: $128.3 billion
- 2019: $131.9 billion
- 2018: $130.9 billion
- 2017: $126.0 billion
Verizon’s earnings per year for the past five years:
2022: $26.2 billion (estimated) 2021: $18.5 billion 2020: $19.8 billion 2019: $19.3 billion 2018: $15.5 billion
- Dividend Ratio 14.10.22: 7.3%