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 99,600 employees. In the US, the company has a notable market share in at least seven industries: Information, Wireless Telecommunications Carriers, Wired Telecommunications Carriers, Telecommunications Resellers, Internet Service Providers, Search Engines, Cable Providers and Search Engines. Their largest market share is in the Wired Telecommunications Carriers industry, where they account for an estimated 42.3% 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: 99,600
Verizon Communications Inc. - Operating Industries and Main Competitors
-
51711c - Wired Telecommunications Carriers
-
- Verizon Communications Inc. Market Share: x.x%
- Lumen Technologies, Inc. Market Share: x.x%
- At&T Inc. Market Share: x.x%
- Comcast Corporation Market Share: x.x%
-
51791a - Telecommunications Resellers
-
- Verizon Communications Inc. Market Share: x.x%
- Phone.com Inc. Market Share: x.x%
- Duquesne Light Holdings Inc. Market Share: x.x%
- First Communications LLC Market Share: x.x%
- America Movil Sab De Cv Market Share: x.x%
-
51721 - Wireless Telecommunications Carriers
-
- Verizon Communications Inc. Market Share: x.x%
- At&T Inc. Market Share: x.x%
- T-Mobile Us, Inc. Market Share: x.x%
- Dish Network Corporation Market Share: x.x%
- Verizon Wireless Inc. Market Share: x.x%
-
51711a - Cable Providers
-
- Verizon Communications Inc. Market Share: x.x%
- Charter Communications, Inc. Market Share: x.x%
- Comcast Corporation Market Share: x.x%
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
Telecommunications Resellers
Of the 6 core revenue-generating products and services in the Telecommunications Resellers industry, Verizon Communications Inc. offers:
- Carrier and internet backbone
- Fixed local and long-distance services
- Internet and internet telephony services
- Mobile telephony
- Resale of equipment and merchandise
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
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
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 , Telecommunications Resellers , Wireless Telecommunications Carriers , Cable Providers , Internet Service Providers , Information , Search Engines 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
Looking for IBISWorld Industry Reports?
Gain strategic insight and analysis on 700+ in the United States industries
(& thousands of global industries)
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 |
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.
Get Instant Access with Benchmarking Pro Membership
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
-
Company Financial Statements
-
Industry Market Share Breakdown
-
Industry Competitor Matrix
-
SWOT Analysis
-
Products and Services
-
Key Company Benchmarks
