VZ Verizon Communications margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 69

Gross margin

59.3%

Operating margin

20.5%

EBITDA margin

34.3%

Net margin

11.6%

At present, Verizon Communications reports a gross margin of 59.3%, an operating margin of 20.5%, an EBITDA margin of 34.3%, and a net margin of 11.6%. The strongest decline was in net margin, down 1.7 percentage points; the remaining margins remained unchanged.

VZ margin history

Gross, operating, EBITDA and net margin trends

Verizon Communications's margins averaged 59.43% gross, 19.82% operating, 33.04% EBITDA, and 11.19% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.

VZ margin expansion

Year-over-year margin changes in percentage points

Operating margin contracted by 1 percentage point, EBITDA margin by 0.9 percentage points, and net margin by 1.7 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

-1pp

EBITDA margin expansion

-0.9pp

Net margin expansion

-1.7pp

VZ Gross margin

Verizon Communications's gross margin averaged 59.43% over the last 3 years. Compared with its three-year average, Verizon Communications's current gross margin is 59.3% and is 0.1 percentage points below 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 19.82% in the last 3 years. The latest operating margin for Verizon Communications is 20.5%, 0.7 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 33.04%. Verizon Communications's current EBITDA margin is 34.3% and is 1.3 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 11.19% across the last 3 years. At present, Verizon Communications's current net margin is 11.6%, which is 0.4 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

Margins compared with peer-group, industry and sector averages

Verizon Communications's gross margin of 59.3% 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 20% higher.

VZ margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Verizon Communications's gross margin?

For the period ending Jun 30, 2026, VZ recorded a gross margin of 59.3%.

What is Verizon Communications's operating margin?

For the period ending Jun 30, 2026, VZ recorded an operating margin of 20.5%.

What is Verizon Communications's EBITDA margin?

The current EBITDA margin for VZ is 34.3% as of Jun 30, 2026.

What is Verizon Communications's net margin?

As of Jun 30, 2026, VZ has a net margin of 11.6%.

What are the average margins of VZ?

Over the past 3 years, VZ reported average margins of 59.4% gross, 19.8% operating, 33.0% 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.