VERIZON COMMUNICATIONS INC (VZ) closed fiscal year 2025 with a gross margin of 58.9 % and a net margin of 12.4 %.
VERIZON COMMUNICATIONS INC (VZ) closed fiscal year 2025 with a gross margin of 58.9 % and a net margin of 12.4 %. The same year shows an EBITDA margin of 34.5 % and an EBIT margin of 21.2 %. The free cash flow margin was 14.6 %. Against the previous year the gross margin moved −0.9 pp and the net margin −0.6 pp. Across the period the gross margin ranges between 56.8 % in 2022 and 62.8 % in 2013. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 59.83 % | 60.34 % | 58.65 % | 58.57 % | 58.62 % | 60.05 % | 62.76 % | 60.71 % | 60.07 % | 59.18 % | 59.09 % | — | — | — | — | 56.79 % | 59.03 % | 59.87 % | 58.92 % |
| EBITDA margin (%) | 32.05 % | 17.69 % | 30.16 % | 29.14 % | 26.49 % | 25.57 % | 40.29 % | 28.43 % | 37.29 % | 35.86 % | 35.21 % | 30.32 % | 35.69 % | 35.48 % | 36.41 % | 34.76 % | 30.23 % | 34.56 % | 34.45 % |
| EBIT margin (%) | 16.67 % | 2.68 % | 14.82 % | 13.74 % | 11.62 % | 11.36 % | 26.52 % | 15.42 % | 25.12 % | 23.22 % | 21.76 % | 17.02 % | 23.04 % | 22.45 % | 24.29 % | 22.27 % | 17.08 % | 21.28 % | 21.17 % |
| Net margin (%) | 5.91 % | -2.25 % | 4.54 % | 2.39 % | 2.17 % | 0.76 % | 9.54 % | 7.57 % | 13.58 % | 10.42 % | 23.88 % | 11.87 % | 14.61 % | 13.88 % | 16.51 % | 15.53 % | 8.67 % | 12.99 % | 12.43 % |
| FCF margin (%) | 9.95 % | 10.60 % | 13.47 % | 15.86 % | 12.21 % | 13.22 % | 18.43 % | 10.58 % | 16.15 % | 3.68 % | 5.61 % | 13.51 % | 13.50 % | 18.38 % | 14.41 % | 10.27 % | 13.96 % | 14.71 % | 14.56 % |
