Fast facts
Chairman and CEO: Hans Vestberg
2022 revenue: $136.8 billion
2022 dividends paid: $10.8 billion
Fortune rank: 26
Stock symbol: VZ (NYSE & Nasdaq)
Retail locations: Nearly 1,500
Fortune 500 customers served: 99 percent
Countries served: 150+
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. Verizon was the first company in the world to launch commercial 5G for mobility, fixed wireless and mobile edge computing. The company's operating structure focuses on two customer-facing areas: Consumer and Business. Citizen Verizon is the company’s responsible business plan for economic, environmental and social advancement.
Key financials
Through September 30, 2023
Reported diluted earnings per share: $3.40
Net cash provided by operating activities: $28.8 billion
Capital expenditures: $14.2 billion
Quarterly dividends per share: $0.6650
Shares outstanding: 4.204 billion
Corporate responsibility
Expected to achieve net zero operational emissions by 2035 (Scope 1 and Scope 2 emissions)
10 million youths provided with digital skills training by 2030
1 million small businesses provided with resources to help them thrive in the digital economy by 2030
500,000 individuals prepared for jobs of the future by 2030
Employees and diversityFull-year 2022
Scored 100% on Disability Equality Index
#4 military-friendly company on the 2023 Military Friendly Company List
More than $55 billion spent with diverse suppliers over the past 10 years
Committed to dedicate 2.5 million volunteer hours by 2025
Operating Statistics
Global network and technology Through September 30, 2023
Verizon provides 5G, 4G LTE, Fiber Optic and Multi Edge Compute (MEC) services.
Verizon Consumer Group Through September 30, 2023
The Consumer segment provides consumer-focused wireless and wireline communications services and products, as well as FWA broadband and Fios.
Verizon Business Group Through September 30, 2023
The Business segment provides various wireless and wireline communications services and products for Enterprise and Public Sector, Business Markets & Other, and Wholesale customers.
