Company / Operating Margin
Verizon Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
21.2%
FY2025
5-year range
21.2% / 24.3%
FY2021-FY2025
Trend
-0.5%
vs FY2024
Sector context
#8 of 62
Communication Services
What the data says
Verizon's operating margin of 21.2% is higher than 87% of companies in the Communication Services sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 17.0% in FY2020 to 24.3% in FY2023.
Based on SEC 10-K filings.
21.2% in FY2025 with a 5-year CAGR of +4.2%. Top quartile in the Communication Services sector.
Declined from 24.3% to 21.2% over the past 2 years.
Communication Services sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -1.3pp
- 5-Year Change
- +4.2pp
- 10-Year Change
- -
Sector benchmark
+568.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 0.5% year-over-year.
- Currently 18.0pp above the Communication Services sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.90 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 21.2% | -0.5% |
| FY2024 | 21.3% | -12.4% |
| FY2023 | 24.3% | +8.2% |
| FY2022 | 22.4% | -2.6% |
| FY2021 | 23.0% | +35.4% |
| FY2020 | 17.0% | -21.8% |
| FY2019 | 21.8% | +27.8% |
| FY2018 | 17.0% | -21.8% |
| FY2017 | 21.8% | -6.3% |
| FY2016 | 23.2% | -7.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026