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Verizon Communications Inc. - Company Profile

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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 105,400 employees. In the US, the company has a notable market share in at least seven industries: Information, Wireless Telecommunications Carriers, Wired Telecommunications Carriers, Internet Service Providers, Search Engines, Cable Providers, Fleet Telematics Systems and Fleet Telematics Systems. Their largest market share is in the Wired Telecommunications Carriers industry, where they account for an estimated 39.9% 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: 105,400

Verizon Communications Inc. - Operating Industries and Main Competitors

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:

  • Carrier services
  • Local voice services
  • Long-distance voice services
  • Private network services
  • Subscriber line charges

Wireless Telecommunications Carriers

Of the 4 core revenue-generating products and services in the Wireless Telecommunications Carriers industry, Verizon Communications Inc. offers:

  • Mobile dispatch
  • Wireless data services
  • Wireless voice telephone services

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
  • Other

Cable Providers

Of the 3 core revenue-generating products and services in the Cable Providers industry, Verizon Communications Inc. offers:

  • Basic programming packages
  • Pay-per-view programming
  • Premium programming packages
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 , Wireless Telecommunications Carriers , Internet Service Providers , Cable Providers , Information , Search Engines , Fleet Telematics Systems industries

Strengths

Days Receivables: x.x%

Rank: 2 of 3 peers

Annual Turnover: x.x%

Rank: 2 of 3 peers

Weaknesses

Credit Risk: x.x%

Rank: 2 of 3 peers

Revenue per Employee: $xx

Rank: 2 of 3 peers

Opportunities

Threats

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

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Verizon Communications Inc. - Financial Statements

Verizon Communications Inc. Income Statement

BALANCE DATE 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Revenue 130,863.0 131,868.0 128,292.0 133,613.0 136,835.0 133,974.0
Cost of Revenue
Cost of Revenue, Non-Cash
Gross Profit
00000

Verizon Communications Inc. Balance Sheet

BALANCE DATE 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Cash and Equivalents 2,745.0 2,594.0 22,171.0 2,921.0 2,605.0 2,065.0
Short-Term Investments
Derivative Assets, Current
Restricted Cash and Investments
00000

Verizon Communications Inc. Cash Flow

BALANCE DATE 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Net Income 16,039.0 19,788.0 18,348.0 22,618.0 21,748.0 12,095.0
Income (Loss) From Discontinued Operations
Depreciation, Depletion and Amortization
Amortization of Financing Costs and Discounts
00000
To view all financial data for Verizon Communications Inc., see purchase options.

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This profile on Verizon Communications Inc. includes:

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  • Company Revenue and Employee Data
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  • Industry Competitor Matrix
  • SWOT Analysis
  • Products and Services
  • Key Company Benchmarks
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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.

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