Verizon Communications Inc - Company Profile
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Verizon Communications Inc (Verizon) provides communications, technology, information and entertainment products and services to businesses, consumers and government entities. The company offers wireless and wireline communications services and products such as corporate networking solutions, data center and cloud services, security and managed network services, data, voice, local dial tone and broadband services, and local and long-distance voice services. It also offers network access to deliver IoT services and products. Verizon serves small and medium businesses, global enterprises, public sector, and wholesale customers. It has business presence across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Verizon is headquartered in New York, the US.
Headquarters
United States of America
Address
1095 Avenue of The Americas, New York City, 10036
Website
www.verizon.com
Telephone
1 212 3951000
No of Employees
105,400
Industry
Technology and Communications
Ticker Symbol & Exchange
VZ (NYSE)
Revenue (2022)
$134.0B
-2.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-45.4%
(2022 vs 2021)
Market Cap*
$167.2B
Net Profit Margin (2022)
XYZ
-44.2%
(2022 vs 2021)
* As of and is in US$
Verizon Communications Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Wireless Devices | Internet Access | Verizon |
| Tablets | Broadband Services | TracFone |
| Handsets | Digital Subscriber Line (DSL) | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, Verizon Business announced its plans to unveil media and entertainment solutions at NAB 2024 at the Las Vegas Convention Center. |
| 2024 | Contracts/Agreements | In April, the company entered into a partnership with the New Jersey Devils and Prudential Center to add Verizon 5G Ultra Wideband, Verizon Private 5G Network, and Wi-Fi 6/6E in Prudential Center to improve its operations. |
| 2024 | New Products/Services | In April, Verizon Connect introduced Equipment Asset Tracker in Europe. |
Competitor Comparison
| Key Parameters | Verizon Communications Inc | Apple Inc | Alphabet Inc | Microsoft Corp | Meta Platforms Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York City | Cupertino | Mountain View | Redmond | Menlo Park |
| State/Province | New York | California | California | Washington | California |
| No. of Employees | 105,400 | 161,000 | 182,502 | 221,000 | 67,317 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hans Vestberg | Chairman; Chief Executive Officer | Executive Board | 2019 | 58 |
| Anthony T. Skiadas | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 55 |
| Leslie Berland | Chief Marketing Officer; Executive Vice President | Senior Management | 2024 | - |
| Vandana Venkatesh | Chief Legal Officer; Executive Vice President | Senior Management | 2022 | 52 |
| Stacy Sharpe | Chief Communications Officer; Executive Vice President | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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