Verizon Communications Past Earnings Performance
Past criteria checks 1/6
Verizon Communications has been growing earnings at an average annual rate of 3.5%, while the Telecom industry saw earnings growing at 10.2% annually. Revenues have been growing at an average rate of 0.9% per year. Verizon Communications's return on equity is 12.9%, and it has net margins of 8.7%.
Key information
3.5%
Earnings growth rate
3.1%
EPS growth rate
| Telecom Industry Growth | 6.7% |
| Revenue growth rate | 0.9% |
| Return on equity | 12.9% |
| Net Margin | 8.7% |
| Next Earnings Update | 22 Apr 2024 |
Recent past performance updates
Recent updates
Is Verizon A Buy After The +28% Rally?
Apr 14Verizon: A High Margin Of Safety Investment With A 6.3% Yield
Apr 05Dial Up Your Income To 6.6%: Verizon
Mar 25Verizon: It's Just The Beginning
Mar 16Verizon: Deleveraging Is The Key
Mar 08Verizon Communications (NYSE:VZ) Could Be Struggling To Allocate Capital
Mar 04
Verizon Is Improving Operations And Profits, Macroeconomic Tailwind Also Expected
Feb 23Verizon: Q4 And 2023 Earnings, Subscriber Growth, Media Loss And Revenue Declines (Rating Downgrade)
Feb 09There May Be Some Bright Spots In Verizon Communications' (NYSE:VZ) Earnings
Feb 02Verizon: I Am On Hold After The Recent Earnings Release
Jan 29Investors Don't See Light At End Of Verizon Communications Inc.'s (NYSE:VZ) Tunnel
Jan 23Verizon's Impairment Is A Long-Term Blip
Jan 22Verizon Approaches A Critical Crossroads
Jan 11Verizon: Turning The Ship Around For A Favorable 2024
Jan 05Verizon: Top Dog Of The Dow Candidate For 2024
Dec 28Verizon Stock: A Massive Rerating Is Likely Coming
Dec 22Revenue & Expenses BreakdownBeta
How Verizon Communications makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 133,974 | 11,614 | 31,299 | 0 |
| 30 Sep 23 | 134,095 | 20,896 | 30,732 | 0 |
| 30 Jun 23 | 135,000 | 21,034 | 30,461 | 0 |
| 31 Mar 23 | 136,193 | 21,585 | 29,782 | 0 |
| 31 Dec 22 | 136,835 | 21,256 | 29,105 | 0 |
| 30 Sep 22 | 135,651 | 19,292 | 28,419 | 0 |
| 30 Jun 22 | 134,325 | 20,799 | 27,195 | 0 |
| 31 Mar 22 | 134,300 | 21,400 | 26,871 | 0 |
| 31 Dec 21 | 133,613 | 22,065 | 24,441 | 0 |
| 30 Sep 21 | 134,238 | 22,040 | 27,816 | 0 |
| 30 Jun 21 | 132,866 | 19,990 | 28,789 | 0 |
| 31 Mar 21 | 129,549 | 18,890 | 28,687 | 0 |
| 31 Dec 20 | 128,292 | 17,801 | 28,982 | 0 |
| 30 Sep 20 | 128,375 | 18,308 | 28,835 | 0 |
| 30 Jun 20 | 129,726 | 19,145 | 28,820 | 0 |
| 31 Mar 20 | 131,350 | 18,389 | 29,128 | 0 |
| 31 Dec 19 | 131,868 | 19,265 | 29,143 | 0 |
| 30 Sep 19 | 131,374 | 16,109 | 28,312 | 0 |
| 30 Jun 19 | 131,087 | 15,839 | 28,144 | 0 |
| 31 Mar 19 | 131,219 | 16,015 | 27,721 | 0 |
| 31 Dec 18 | 130,863 | 15,528 | 28,315 | 0 |
| 30 Sep 18 | 130,537 | 32,258 | 27,748 | 0 |
| 30 Jun 18 | 129,647 | 30,954 | 27,987 | 0 |
| 31 Mar 18 | 127,992 | 31,196 | 26,141 | 0 |
| 31 Dec 17 | 126,034 | 30,101 | 26,433 | 0 |
| 30 Sep 17 | 124,419 | 15,927 | 26,220 | 0 |
| 30 Jun 17 | 123,639 | 15,927 | 26,550 | 0 |
| 31 Mar 17 | 123,623 | 12,267 | 27,842 | 0 |
| 31 Dec 16 | 125,980 | 13,127 | 27,511 | 0 |
| 30 Sep 16 | 127,894 | 14,023 | 26,786 | 0 |
| 30 Jun 16 | 130,115 | 14,441 | 27,324 | 0 |
| 31 Mar 16 | 131,807 | 17,970 | 29,096 | 0 |
| 31 Dec 15 | 131,620 | 17,879 | 32,496 | 0 |
| 30 Sep 15 | 130,558 | 10,257 | 40,237 | 0 |
| 30 Jun 15 | 128,986 | 9,914 | 40,547 | 0 |
| 31 Mar 15 | 128,245 | 9,897 | 40,123 | 0 |
| 31 Dec 14 | 127,079 | 9,625 | 40,485 | 0 |
| 30 Sep 14 | 124,952 | 16,923 | 27,016 | 0 |
| 30 Jun 14 | 123,645 | 15,460 | 26,776 | 0 |
| 31 Mar 14 | 121,948 | 13,492 | 27,273 | 0 |
| 31 Dec 13 | 120,550 | 11,497 | 27,089 | 0 |
| 30 Sep 13 | 119,530 | 2,201 | 39,456 | 0 |
| 30 Jun 13 | 118,258 | 1,562 | 39,785 | 0 |
Quality Earnings: VZ has a large one-off loss of $8.0B impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: VZ's current net profit margins (8.7%) are lower than last year (15.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VZ's earnings have grown by 3.5% per year over the past 5 years.
Accelerating Growth: VZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VZ had negative earnings growth (-45.4%) over the past year, making it difficult to compare to the Telecom industry average (-23.7%).
Return on Equity
High ROE: VZ's Return on Equity (12.9%) is considered low.