Net Profit Margin
since 2005
Calculation
Verizon Communications Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Verizon1 | ÷ | Operating revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 8.67% | = | 100 | × | 11,614) | ÷ | 133,974) |
| Dec 31, 2022 | 15.53% | = | 100 | × | 21,256) | ÷ | 136,835) |
| Dec 31, 2021 | 16.51% | = | 100 | × | 22,065) | ÷ | 133,613) |
| Dec 31, 2020 | 13.88% | = | 100 | × | 17,801) | ÷ | 128,292) |
| Dec 31, 2019 | 14.61% | = | 100 | × | 19,265) | ÷ | 131,868) |
| Dec 31, 2018 | 11.87% | = | 100 | × | 15,528) | ÷ | 130,863) |
| Dec 31, 2017 | 23.88% | = | 100 | × | 30,101) | ÷ | 126,034) |
| Dec 31, 2016 | 10.42% | = | 100 | × | 13,127) | ÷ | 125,980) |
| Dec 31, 2015 | 13.58% | = | 100 | × | 17,879) | ÷ | 131,620) |
| Dec 31, 2014 | 7.57% | = | 100 | × | 9,625) | ÷ | 127,079) |
| Dec 31, 2013 | 9.54% | = | 100 | × | 11,497) | ÷ | 120,550) |
| Dec 31, 2012 | 0.76% | = | 100 | × | 875) | ÷ | 115,846) |
| Dec 31, 2011 | 2.17% | = | 100 | × | 2,404) | ÷ | 110,875) |
| Dec 31, 2010 | 2.39% | = | 100 | × | 2,549) | ÷ | 106,565) |
| Dec 31, 2009 | 3.39% | = | 100 | × | 3,651) | ÷ | 107,808) |
| Dec 31, 2008 | 6.60% | = | 100 | × | 6,428) | ÷ | 97,354) |
| Dec 31, 2007 | 5.91% | = | 100 | × | 5,521) | ÷ | 93,469) |
| Dec 31, 2006 | 7.03% | = | 100 | × | 6,197) | ÷ | 88,144) |
| Dec 31, 2005 | 9.85% | = | 100 | × | 7,397) | ÷ | 75,112) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Verizon Communications Inc., net profit margin, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Dec 31, 2023 | 8.67% | 11.76% | 10.59% |
| Dec 31, 2022 | 15.53% | -7.06% | 3.25% |
| Dec 31, 2021 | 16.51% | 11.89% | 3.77% |
| Dec 31, 2020 | 13.88% | -3.01% | 4.48% |
| Dec 31, 2019 | 14.61% | 7.67% | 7.71% |
| Dec 31, 2018 | 11.87% | 11.34% | 6.67% |
| Dec 31, 2017 | 23.88% | 18.34% | 11.17% |
| Dec 31, 2016 | 10.42% | 7.92% | 3.92% |
| Dec 31, 2015 | 13.58% | 9.09% | 2.29% |
| Dec 31, 2014 | 7.57% | 4.70% | 0.84% |
| Dec 31, 2013 | 9.54% | 14.17% | 0.14% |
| Dec 31, 2012 | 0.76% | 5.70% | — |
| Dec 31, 2011 | 2.17% | 3.11% | — |
| Dec 31, 2010 | 2.39% | 15.98% | — |
| Dec 31, 2009 | 3.39% | 10.19% | — |
| Dec 31, 2008 | 6.60% | 10.37% | — |
| Dec 31, 2007 | 5.91% | 10.05% | — |
| Dec 31, 2006 | 7.03% | 11.67% | — |
| Dec 31, 2005 | 9.85% | 10.91% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
Verizon Communications Inc., net profit margin, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Dec 31, 2023 | 8.67% | 10.25% |
| Dec 31, 2022 | 15.53% | 4.54% |
| Dec 31, 2021 | 16.51% | 11.81% |
| Dec 31, 2020 | 13.88% | 4.26% |
| Dec 31, 2019 | 14.61% | 10.23% |
| Dec 31, 2018 | 11.87% | 10.95% |
| Dec 31, 2017 | 23.88% | 19.59% |
| Dec 31, 2016 | 10.42% | 8.43% |
| Dec 31, 2015 | 13.58% | 10.29% |
| Dec 31, 2014 | 7.57% | 5.57% |
| Dec 31, 2013 | 9.54% | 10.88% |
| Dec 31, 2012 | 0.76% | 3.35% |
| Dec 31, 2011 | 2.17% | 2.67% |
| Dec 31, 2010 | 2.39% | 9.71% |
| Dec 31, 2009 | 3.39% | 7.01% |
| Dec 31, 2008 | 6.60% | 8.72% |
| Dec 31, 2007 | 5.91% | 8.23% |
| Dec 31, 2006 | 7.03% | 8.96% |
| Dec 31, 2005 | 9.85% | 10.24% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Verizon Communications Inc., net profit margin, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2023 | 8.67% | 16.68% |
| Dec 31, 2022 | 15.53% | 11.47% |
| Dec 31, 2021 | 16.51% | 18.71% |
| Dec 31, 2020 | 13.88% | 11.50% |
| Dec 31, 2019 | 14.61% | 14.63% |
| Dec 31, 2018 | 11.87% | 16.42% |
| Dec 31, 2017 | 23.88% | 19.83% |
| Dec 31, 2016 | 10.42% | 12.81% |
| Dec 31, 2015 | 13.58% | 12.78% |
| Dec 31, 2014 | 7.57% | 10.11% |
| Dec 31, 2013 | 9.54% | 12.57% |
| Dec 31, 2012 | 0.76% | 7.58% |
| Dec 31, 2011 | 2.17% | 6.73% |
| Dec 31, 2010 | 2.39% | 11.43% |
| Dec 31, 2009 | 3.39% | 9.07% |
| Dec 31, 2008 | 6.60% | 9.66% |
| Dec 31, 2007 | 5.91% | 9.78% |
| Dec 31, 2006 | 7.03% | 10.17% |
| Dec 31, 2005 | 9.85% | 9.53% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).