Company

Verizon

Official Name: Verizon Communications Inc.

Headquarters: New York, NY, United States

Founded: October 7, 1983

Employees: 118,400

CEO: Mr. Hans E. Vestberg

NASDAQ: VZ +0.10%

Market Cap

$173.08 Billion

USD as of July 1, 2024

Market Cap History

Company Description

Verizon Communications Inc., commonly known as Verizon, is a diversified multinational telecommunications conglomerate. Verizon is engaged in a range of communications segments, including 5G, wireless networks, broadband and fiber, media and technology, Internet of Things, and manager security.

Verizon market capitalization over time

Evolution of Verizon Communications Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Verizon Communications Inc.

Detailed Description

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

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Product & Services

Cable televisionLandlineMobile phoneBroadbandDigital televisionIPTVDigital MediaInternetTelematics

Key People

Hans Vestberg (Chairman, CEO)

Financials

Revenue: US$133.613 Billion (Fiscal Year Ended December 31, 2021)

Operating income: US$32.488 Billion (Fiscal Year Ended December 31, 2021)

Net income: US$22.618 Billion (Fiscal Year Ended December 31, 2021)


Total assets: US$366.596 Billion (Fiscal Year Ended December 31, 2021)

Total equity: US$83.200 Billion (Fiscal Year Ended December 31, 2021)

Details

Headquarters:

1095 Avenue of the Americas

New York, NY 10036

United States

Phone: 212-395-1000