NYSE: VZVerizon Communications Inc Statistics & Facts
Key Verizon facts
- Founded
- 2000
- Headquarters
- New York City, New York
- Founders
- Bell Atlantic Corp., GTE Corp.
- IPO Date
- 2000-07-03
Verizon Customer Statistics
Verizon Consumer Group Connections
Is Verizon gaining or losing customers?
Source:Verizon
Wireless retail postpaid
93.85M
Wireless retail prepaid
21.12M
Total wireless retail
114.97M
Fios internet
6.98M
Fios video
2.95M
Total broadband
9.06M
6.976 million subscribers used Verizon's fiber internet at the end of 2023, up from 6.74 million in 2022. [1]
Date: Feb 9, 2024
Verizon Business Group Connections
How many businesses use Verizon?
Source:Verizon
Wireless retail postpaid connections
29.78M
Fios internet
385,000
Fios video
61,000
Total broadband
1.66M
29.779 million businesses used Verizon wireless services at the end of 2023, up from 28.733 million in 2022. [1]
Date: Feb 9, 2024
Verizon Revenue Breakdown
Verizon Stats: Verizon Consumer Group Revenue
Verizon stats breaking down the Verizon Consumer Group's annual revenue.
Verizon made $20.645 billion from wireless equipment like routers in 2023, down from $23.168 billion in 2022. [1]
Date: Feb 9, 2024
Verizon Stats: Verizon Business Group Revenue
Verizon stats breaking down the Verizon Business Group's annual revenue.
$15.076 billion of Verizon's $30.122 billion in 2023 revenue for the Business Group came from enterprises and businesses in the public sector. [1]
Date: Feb 9, 2024
Verizon Expenditure
Verizon Expenses by Type
Breaking down Verizon's annual cost of operations by type.
Source:Verizon
Cost of services
$28.10B
Cost of wireless equipment
$26.79B
Selling, general and administrative expense
$32.75B
Depreciation and amortization expense
$17.62B
Media goodwill impairment
$5.84B
Verizon spent $26.787 billion on wireless equipment like routers in 2023, down from $30.496 billion in 2022. [1]
Date: Feb 9, 2024
Verizon Consumer Group Expenses by Type
Breaking down Verizon Consumer Group's annual costs and expenses by type.
Source:Verizon
Cost of services
$17.58B
Cost of wireless equipment
$21.83B
Selling, general and administrative expense
$20.13B
Depreciation and amortization expense
$13.08B
Verizon Consumer Group spent $21.827 billion on wireless equipment in 2023, down from $25.134 billion in 2022. [1]
Date: Feb 9, 2024
Verizon Business Group Expenses by Type
Breaking down the Verizon Business Group's annual costs and expenses by type.
Source:Verizon
Cost of services
$10.18B
Cost of wireless equipment
$4.96B
Selling, general and administrative expense
$8.43B
Depreciation and amortization expense
$4.49B
Verizon Business Group spent $4.959 billion on wireless equipment in 2023, down from $5.362 billion in 2022. [1]
Date: Feb 9, 2024
Verizon Major Acquisitions
Verizon acquired internet TV streaming service OnCue from Intel in 2014. [4]
Date: Jan 21, 2014
Verizon acquired information security company Cybertrust in 2007. [5]
Date: Jul 9, 2007
Verizon acquired regional wireless carrier Alltel in 2009 for $28.1 billion. [6]
Date: Jan 9, 2009
Verizon acquired MCI for $5.3 billion in cash and equity. The two later merged to form Verizon Business. [7]
Date: Jan 6, 2006
Verizon acquired automotive fleet company Hughes Telematics for $612 million in cash in 2012. [8]
Date: Jun 1, 2012
Verizon acquired AOL for $3.8 billion in 2015. [9]
Date: Feb 21, 2020
Verizon acquired Yahoo for $4.8 billion in cash in 2016. [10]
Date: Jul 25, 2016
Verizon acquired fleet management company Fleetmatics for $2.4 billion in 2016. Fleetmatics is now Verizon Connect. [11]
Date: Nov 7, 2016
Verizon acquired and shut down video subscription service Vessel in 2016. [12]
Date: Oct 27, 2016
Verizon acquired free Wi-Fi kiosk company LQD WiFi in 2016. [13]
Date: Nov 14, 2016
Verizon acquired XO Communications for $1.8 billion in 2017. [14]
Date: Feb 1, 2017
Verizon acquired drone software maker Skyward in 2017. [15]
Date: Feb 16, 2017
Verizon won a bidding war against AT&T to acquire Straight Path for its high-band spectrum in 2017. The company paid $3.1 billion in the acquisition. [16]
Date: May 11, 2017
Verizon acquired WideOpenWest (WOW)'s Chicago fiber network infrastructure for $225 million in 2017. [17]
Date: Aug 1, 2017
Verizon acquired autonomous threat detection service Niddel in 2018. [18]
Date: Jan 5, 2018
Verizon acquired Spanish fleet management company Movildata in 2018. [19]
Date: Jan 24, 2018
Verizon acquired design and strategy firm Moment in 2018. [20]
Date: Apr 19, 2018
Verizon acquired cloud security company ProtectWise in 2019. [21]
Date: Mar 1, 2019
Verizon acquired B2B video conferencing company BlueJeans for about $400 million in 2020. [22]
Date: Apr 16, 2020
Verizon acquired prepaid mobile carrier TracFone for $3.125 billion in cash and $3.125 billion in common stock in 2020. [23]
Date: Sep 14, 2020
Verizon acquired Bluegrass Cellular, a wireless service provider that operated in rural Kentucky, in 2020. [24]
Date: Oct 19, 2020
Verizon acquired truck telematics company Telogis in 2016 for $877 million. [9]
Date: Feb 21, 2020
Verizon acquired wireless ISP Nextlink for $493 million in 2018. [9]
Date: Feb 21, 2020
Verizon and Hearst jointly acquired Complex Media in 2016. [25]
Date: Apr 18, 2016
Verizon acquired IoT startup Sensity Systems in 2016. [26]
Date: Sep 12, 2016
Verizon acquired video capture company Volicon in 2016. [27]
Date: Mar 16, 2016
Verizon acquired content delivery network (CDN) company EdgeCast in 2013. [28]
Date: Dec 9, 2013
Verizon acquired on-demand video company upLynk in 2013. [29]
Date: Nov 14, 2013
Verizon acquired cloud computing software company CloudSwitch in 2011. [30]
Date: Aug 25, 2011
Verizon acquired I.T. services company Terremark for $1.4 billion in 2011. [31]
Date: Jan 28, 2011
Verizon Employee Statistics
Verizon Employees
How many employees does Verizon have?
Verizon Employees by Race/Ethnicity
Is Verizon a diverse company?
Source:Verizon
White
53.4%
Black
18.5%
Latine
13.2%
Asian
8.7%
Native American or Alaska Native
0.4%
Native Hawaiian or Pacific Islander
0.3%
Sources
1.
2.
3.
Light Reading
https://www.lightreading.com/4g3gwifi/us-wireless-snapshot-subscribers-market-share-and-q3-estimates/d/d-id/764688Date: Oct 16, 2020
4.
5.
Verizon
https://www.verizon.com/about/news/press-releases/verizon-business-completes-cybertrust-acquisitionDate: Jul 9, 2007
6.
7.
8.
Verizon
https://www.verizon.com/about/news/press-releases/verizon-acquire-hughes-telematics-incDate: Jun 1, 2012
9.
Verizon 2019 Annual Report
http://verizon.api.edgar-online.com/EFX_dll/EdgarPro.dll?FetchFilingConvPDF1?SessionID=kBlKUbiQYowJX6d&ID=13940645Date: Feb 21, 2020
10.
11.
Verizon
https://www.verizon.com/about/news/verizon-completes-acquisition-fleetmaticsDate: Nov 7, 2016
12.
13.
Verizon
https://www.verizon.com/about/news/verizon-acquires-lqd-wifi-humanize-citizen-engagement-experienceDate: Nov 14, 2016
14.
Verizon
https://www.verizon.com/about/news/verizon-completes-purchase-xo-communications-fiber-businessDate: Feb 1, 2017
15.
16.
Verizon
https://www.verizon.com/about/news/verizon-acquire-straight-path-spectrum-accelerate-5g-deploymentDate: May 11, 2017
17.
18.
19.
20.
21.
22.
CNBC
https://www.cnbc.com/2020/04/16/verizon-will-buy-video-conferencing-company-blue-jeans.htmlDate: Apr 16, 2020
23.
24.
Verizon
https://www.verizon.com/about/news/verizon-agrees-purchase-bluegrass-cellularDate: Oct 19, 2020
25.
26.
Verizon
https://www.verizon.com/about/news/verizon-accelerates-smart-communities-acquisition-sensity-systemsDate: Sep 12, 2016
27.
28.
29.
Yahoo
https://finance.yahoo.com/news/verizon-digital-media-buys-uplynk-224001613.htmlDate: Nov 14, 2013
30.
CNET
https://www.cnet.com/news/verizon-acquires-cloudswitch-for-business-services/Date: Aug 25, 2011
31.
Reuters
https://www.reuters.com/article/us-terremark-verizon-idUSTRE70Q8X520110128Date: Jan 28, 2011
32.
Verizon
https://www.verizon.com/about/news/verizon-5g-ultra-wideband-service-available-more-citiesDate: Nov 20, 2020
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.