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Fortune 500

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14

Verizon Communications

VZ

It has been an acquisitive year for telecommunications giant Verizon. In the span of a few months the company announced that it would acquire both AOL and Yahoo as it works to load its formidable network still the most comprehensive and widespread in the U.S. with content in a bid to keep a highly competitive (and highly lucrative) market from turning into a commodity business. The company is dead-set on a mobile, digital future and has been investing in next-generation 5G wireless technology as well as the multitrillion-dollar Internet of things opportunities it enables. Verizon was founded in 1983 and is headquartered in New York City.

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CEO

Lowell C. McAdam

CEO Title

Chairman & Chief Executive Officer

Sector

Telecommunications

Industry

Telecommunications

HQ Location

New York, NY

Years on Fortune 500 List

23

Employees

160,900

Profile provided by S&P Global.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$125,980-4.3%
Profits ($M)$13,127.0-26.6%
Assets ($M)$244,180
Total Stockholder Equity ($M)$22,524
Market Value — as of March 31, 2017 ($M)$198,900
Profit Ratios
Profit as % of Revenues10.4%
Profits as % of Assets5.4%
Profits as % of Stockholder Equity58.3%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)3.21
EPS % Change (from 2015)-26.5%
EPS % Change (5 year annual rate)30.4%
EPS % Change (10 year annual rate)4.2%
Total Return
Total Return to Investors (2016)20.7%
Total Return to Investors (5 year, annualized)10.7%
Total Return to Investors (10 year, annualized)9.6%
STOCK QUOTE
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  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Verizon Communications

Should We Call It a Comeback? Former Yahoo CEO Marissa Mayer Is Launching a Tech Incubator

The venture will focus on consumer media and artificial intelligence.

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Commentary: How 5G Technology Will Transform the Way We Live

The leaders of 5G are likely to be the leaders of the global economy.

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How Verizon Is Using Navy Radio Bands to Avoid a Data Crunch

'Citizens Broadband Radio Service' is coming soon

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Verizon Is Spending Part of Its Tax Cut to Boost STEM Education

The telecom giant is setting aside $400 million for improving schools.

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Tumblr Confirms That Russian Trolls Spread Misinformation On Its Service

It worked with the DOJ to help indict 13 people working with Russian troll outfit, IRA.

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