mobile menu
business
COMPANY BENCHMARKING • UNITED STATES

Verizon Communications Inc. - Company Profile

Access all 5,000+ company profiles through the Benchmarking Pro Membership. Unlock interactive competitor comparison tools that show you how Verizon Communications Inc. stacks up to the competition and put relevant competitor and industry information at your fingertips.


Verizon Communications Inc. - Overview

Brands
AOL, Bluejeans Network, FiOS, Protectwise, Sensity Systems, TracFone Wireless, Tumblr, Verizon Wireless, Vidder, Yahoo!
Description
Verizon Communications is a public company headquartered in New York with an estimated 117,100 employees. In the US, the company has a notable market share in at least six industries: Information, Wired Telecommunications Carriers, Internet Service Providers, Search Engines, Cable Providers, Fleet Telematics Systems and Search Engines. Their largest market share is in the Wired Telecommunications Carriers industry, where they account for an estimated 41.7% of total industry revenue.
Company Details

Registered Name: Verizon Communications Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 1095 6th Ave, New York, NY 10036

Website: http://www.verizon.com/

Employees: 117100

Verizon Communications Inc. - Operating Industries and Main Competitors

error_outline To view all of Verizon Communications Inc.'s operating industries and competitors, see purchase options.

Verizon Communications Inc. - Products and Services

  • Wired Telecommunications Carriers

  • Of the 5 core revenue-generating products and services in the Wired Telecommunications Carriers industry, Verizon Communications Inc. offers:
    • Internet Service Providers

    • Of the 5 core revenue-generating products and services in the Internet Service Providers industry, Verizon Communications Inc. offers:
      • Business broadband services
      • Carrier and internet backbone services
      • Dial-up internet access
      • Residential broadband services
      • AAAAAAA - AAAAAAAA Market Share: x.x%
    • Fleet Telematics Systems

    • Of the 0 core revenue-generating products and services in the Fleet Telematics Systems industry, Verizon Communications Inc. offers:
      • Information

      • Of the 6 core revenue-generating products and services in the Information industry, Verizon Communications Inc. offers:
        • Audio and video production and distribution
        • Broadcasting
        • Data processing and web publishing
        • Software publishing
        • AAAAAAA - AAAAAAAA Market Share: x.x%
      error_outline To view Verizon Communications Inc.'s full products and services, see purchase options.

      Verizon Communications Inc. - SWOT Analysis

      Strengths and weaknesses take into account internal factors, and are based on Verizon Communications Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Wired Telecommunications Carriers, Internet Service Providers, Fleet Telematics Systems, Information, Cable Providers, and Search Engines industries.
      Strengths
      Days Receivables: x.x%
      Purchase a membership to unlock the full SWOT analysis of this company.
      lock
      Rank: 2 of 3 peers
      Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
      Annual Turnover: x.x%
      Purchase a membership to unlock the full SWOT analysis of this company.
      lock
      Rank: 2 of 3 peers
      Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
      Weaknesses
      Credit Risk: x.x%
      Purchase a membership to unlock the full SWOT analysis of this company.
      lock
      Rank: 2 of 3 peers
      Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
      Revenue per Employee: $xx
      Purchase a membership to unlock the full SWOT analysis of this company.
      lock
      Rank: 2 of 3 peers
      Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
      Opportunities
      • AAAAA
      • AAAAA
      • AAAAA
      Threats
      • AAAAA
      • AAAAA
      • AAAAA

      error_outline To view Verizon Communications Inc.'s full SWOT analysis, see purchase options.

      Verizon Communications Inc. - Financial Statements & Ratios

      pie_chartVerizon Communications Inc. Income Statement

      BALANCE DATE12/31/201812/31/201912/31/202012/31/202112/31/202212/31/2023
      Revenue130,863.0131,868.0128,292.0133,613.0136,835.0133,974.0
      Cost of Revenue000000000000000000000000
      Cost of Revenue, Non-Cash000000000000000000000000
      Gross Profit000000000000000000000000
      Other000000000000000000000000

      pie_chartVerizon Communications Inc. Balance Sheet

      BALANCE DATE12/31/201812/31/201912/31/202012/31/202112/31/202212/31/2023
      Cash and Equivalents2,745.02,594.022,171.02,921.02,605.02,065.0
      Short-Term Investments000000000000000000000000
      Derivative Assets, Current000000000000000000000000
      Restricted Cash and Investments000000000000000000000000
      Other000000000000000000000000

      pie_chartVerizon Communications Inc. Cash Flow

      BALANCE DATE12/31/201812/31/201912/31/202012/31/202112/31/202212/31/2023
      Net Income16,039.019,788.018,348.022,618.021,748.012,095.0
      Income (Loss) From Discontinued Operations000000000000000000000000
      Depreciation, Depletion and Amortization000000000000000000000000
      Amortization of Financing Costs and Discounts000000000000000000000000
      Other000000000000000000000000

      error_outline To view all financial data for Verizon Communications Inc., see purchase options.

      GET INSTANT ACCESS WITH BENCHMARKING PRO MEMBERSHIP

      100% Money Back Guarantee Digicert Trusted

      BENCHMARKING PRO

      What's Inside
      Benchmarking Pro?

      A suite of company and industry data that:

      Benchmarks companies against industry averages or like-sized segments, as well as close competitors
      Identifies real-world strengths, opportunites, weaknesses and threats
      Reveals growth opportunities or red flags in a business growth strategy

      Included in Report

      • Enterprise History & Synopsis
        Enterprise History & Synopsis
      • Enterprise Financial Statements
        Company Financial Statements
      • Financial Ratios
        Industry Market Share Breakdown
      • Industry Averages
        Industry Competitor Matrix
      • Competitive Landscape
        SWOT Analysis
      • Key Enterprise Personnel
        Products and Services
      • Subsidiaries & Ownership Structure
        Key Company Benchmarks

      Why purchase access to Benchmarking Pro?

      This profile on Verizon Communications Inc. includes:

      • Company Overview
      • Company Revenue and Employee Data
      • Company Financial Statements
      • Industry Market Share Breakdown
      • Industry Competitor Matrix
      • SWOT Analysis
      • Products and Services
      • Key Company Benchmarks
      • Interconnected Competitor Profiles and Industry Reports
      • Full Access to Benchmarking Pro

      The IBISWorld Benchmarking Pro solution enables you to:

      • Understand an enterprise’s competitive landscape and how they perform within a like-sized industry segment.
      • Benchmark companies against industry averages, segment averages and their competitors.
      • Identify real-world strengths, opportunities, weaknesses and threats for companies.
      • Target growth opportunities or spot red flags in a business growth strategy.
      • Toggle between company profiles and industry reports for a 360 degree view of a company's position.

      IBISWorld provides profiles on thousands of leading companies around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

      Trusted by More Than 10,000 Clients Around the World

      • IBISWorld client - VISA
      • IBISWorld client - ADP
      • IBISWorld client - Deloitte
      • IBISWorld client - AMEX
      • IBISWorld client - Bank of Montreal