Fast facts
Chairman and CEO: Hans Vestberg
2022 revenue: $136.8 billion
2022 dividends paid: $10.8 billion
Fortune rank: 23
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 December 31, 2022
Reported diluted earnings per share: $5.06
Net cash provided by operating activities: $37.1 billion
Capital expenditures: $23.1 billion
Quarterly dividends per share: $0.6525
Shares outstanding: 4.2 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 diversity
Full-year 2022
Scored 100% on Disability Equality Index
#3 military-friendly company on the 2021 Military Friendly Company List
More than $50 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 As of December 31, 2022
Verizon provides 5G, 4G LTE, Fiber Optic and Multi Edge Compute (MEC) services.
Verizon Consumer Group As of December 31, 2022
The consumer segment for both the company’s wireless and wireline businesses, including wireless wholesale and TracFone Wireless.
Verizon Business Group As of December 31, 2022
The segment for wireless and wireline enterprise, small and medium business, government businesses, wireline wholesale and Verizon Connect.
