Fast facts
Chairman and CEO: Hans Vestberg
2019 revenue: $131.9 billion
2019 dividends paid: $10.02 billion
Fortune rank: 20
Employees: 135,300
Stock symbol: VZ (NYSE & Nasdaq)
Retail locations: 1,600+
Fortune 500 customers served: 99 percent
Countries served: 150+
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. 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 a commercial 5G mobile network with a commercially-available 5G-enabled smartphone. The company's operating structure focuses on three customer-facing areas: Consumer, Business and Media.
Key financials
Through June 30, 2020
Reported diluted earnings per share: $2.14
Net cash provided by operating activities: $23.6 billion
Capital expenditures: $9.9 billion
Quarterly dividends per share: $0.6150
Shares outstanding: 4.138 billion
Corporate responsibility
Updated March 30, 2020
The company will go carbon neutral by 2035 (Scope 1 and Scope 2 emissions)
Sourcing or generating renewable energy equivalent to 50 percent of its total annual electricity consumption by 2025
$1 billion raised in the U.S. telecom industry's first Green Bond
Employees and diversity
Full-year 2019
Scored 100% on Disability Equality Index
#1 military-friendly company on the 2020 Military Friendly Company List
Nearly $50 billion spent with diverse suppliers over the past 10 years
Committed to dedicate 2.5 million volunteer hours by 2025
Operating Statistics
As of June 30, 2020
Verizon Consumer Group
The consumer segment for both the company’s wireless and wireline businesses, including wireless wholesale.
Verizon Business Group
The segment for wireless and wireline enterprise, small and medium business, government businesses, wireline wholesale and Verizon Connect.
Verizon Media Group
The intersection of media, advertising and technology.