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Fortune 500

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Verizon is looking to move on from 2017. The telecommunications and wireless giant suffered from shrinking service revenue, as new unlimited mobile data plans eliminated lucrative overage charges and more customers abandoned Verizon’s wired Fios cable TV service. In a strong year for the stock market and even accounting for Verizon’s rich dividend, shareholders suffered with a total return of only 3.5%. Still, CEO Lowell McAdam finally closed on the acquisition of Yahoo and managed to trim the company’s net debt by $10 billion, or 9%. One other bright spot: Verizon is among the biggest beneficiaries of the massive corporate tax cut, and will get a boost of about $4 billion to its 2018 cash flow.

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Hans E. Vestberg

CEO Title

Chairman & Chief Executive Officer





HQ Location

New York City

Years on Fortune 500 List




Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$126,034
Profits ($M)$30,101.0129.3%
Assets ($M)$257,143
Total Stockholder Equity ($M)$43,096
Market Value — as of March 29, 2018 ($M)$197,497
Profit Ratios
Profit as % of Revenues23.9%
Profits as % of Assets11.7%
Profits as % of Stockholder Equity69.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)7.36
EPS % Change (from 2016)129.3%
EPS % Change (5 year annual rate)88.4%
EPS % Change (10 year annual rate)14.5%
Total Return
Total Return to Investors (2017)4.1%
Total Return to Investors (5 year, annualized)8.9%
Total Return to Investors (10 year, annualized)7.9%
()0.00 0.00 (0)
  • 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

Verizon Is Testing a Game Streaming Service, Report Says

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The carrier has repeatedly apologized for cutting off firefighters this summer.

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Report: Verizon Adding Free Apple Music To Some Phone Plans

Cellular competition heats up as 5G technology nears.

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