VZ
Verizon Communications margins
- Stocks
- Communication Services
- NYSE: VZ
- Margins
At present, Verizon Communications reports a gross margin of 59.6%, an operating margin of 20.9%, an EBITDA margin of 34.9%, and a net margin of 11.8%. The strongest positive change was in gross margin, higher by 0.2 percentage points. The strongest negative change was in net margin, lower by 2.6 percentage points.
VZ margin history
Verizon Communications's margins averaged 59.44% gross, 19.91% operating, 33.19% EBITDA, and 11.24% net during the last 3 years. Currently all four current margins are above their three-year averages.
VZ margin expansion
The biggest increase was in gross margin, up 0.2 percentage points. The expansion was limited to gross margin, while operating margin contracted by 2.1 percentage points, EBITDA margin by 1.9 percentage points, and net margin by 2.6 percentage points.
VZ Gross margin
Verizon Communications's gross margin averaged 59.44% over the last 3 years. Compared with its three-year average, Verizon Communications's current gross margin is 59.6% and is 0.2 percentage points above its three-year average. Over the last 3 years, Verizon Communications's gross margin peaked at 59.9% in Mar 2025 and reached a low of 58.8% in Mar 2026.
VZ Operating margin
Verizon Communications's operating margin averaged 19.91% in the last 3 years. The latest operating margin for Verizon Communications is 20.9%, 1 percentage points above its three-year average. Over the last 3 years, Verizon Communications's operating margin peaked at 23% in Sep 2025 and reached a low of 16.3% in Sep 2024.
VZ EBITDA margin
Across the last 3 years, Verizon Communications recorded an average EBITDA margin of 33.19%. Verizon Communications's current EBITDA margin is 34.9% and is 1.7 percentage points above its three-year average. The highest EBITDA margin for Verizon Communications was 36.8% in Sep 2025, while the lowest was 28.8% in Sep 2024.
VZ Net margin
Verizon Communications recorded an average net margin of 11.24% across the last 3 years. At present, Verizon Communications's current net margin is 11.8%, which is 0.6 percentage points above its three-year average. During this period, net margin reached a high of 14.4% in Sep 2025 and a low of 7.3% in Sep 2024.
VZ margin group comparison
Verizon Communications's gross margin of 59.6% is above the Communication Services sector average but below the industry and its peers average. Compared to its Communication Services sector average of 49.3%, Verizon Communications's gross margin is 21% higher.
VZ margin peer comparison
Frequently asked questions
What is Verizon Communications's gross margin?
For the period ending Sep 30, 2026, VZ recorded a gross margin of 59.6%.
What is Verizon Communications's operating margin?
For the period ending Sep 30, 2026, VZ recorded an operating margin of 20.9%.
What is Verizon Communications's EBITDA margin?
The current EBITDA margin for VZ is 34.9% as of Sep 30, 2026.
What is Verizon Communications's net margin?
As of Sep 30, 2026, VZ has a net margin of 11.8%.
What are the average margins of VZ?
Over the past 3 years, VZ reported average margins of 59.4% gross, 19.9% operating, 33.2% EBITDA, and 11.2% net.
What are the highest historical margins of VZ?
Across the 5-year period, VZ posted its highest margins at 59.9% gross in Mar 2025, 24.3% operating in Dec 2021, 36.9% EBITDA in Sep 2023, and 16.5% net in Dec 2021.
What are the lowest historical margins of VZ?
Verizon Communications's lowest recorded margins during the past 5 years were 56.8% gross in Dec 2022, 16.3% operating in Sep 2024, 28.8% EBITDA in Sep 2024, and 7.3% net in Sep 2024.