PerpEquities

Equity · Communication services

Verizon (VZ) perpetual futures

VZ perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade VZUSDT.

Verizon provides communication, technology, and entertainment solutions to consumers, businesses, and government entities, including mobile and broadband services.

$48.18-0.5%NYSE closed
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venue perp mark · Gate.io (VZ/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/2 live markets
Venues
2
Live markets
1/2
24h volume
$82
Open interest
$46.2K
Best liquidity
-
Tightest spread
+87.2 bps
Gate.io
Highest volume
$82
Gate.io
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $2.2B
OI / float
0.00%
Float $201.1B
Spot performance
1D-0.51%
5D-5.59%
1M-2.24%
6M-3.78%
YTD+18.07%
1Y+11.42%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeVZ/USDTTrading$48.180.0% APR
0.000% every 8h
+87.2 bps-$82$46.2KUSDT20x
BingXTradeVZ-USDTWatchlist------USDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

VZ

Highest volume

VZ

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 5h ago
Market cap
$200.8B
Updated 5h ago
Revenue
$138.9B
Trailing 12 months
Revenue growth
+2%
Next fiscal year
Profit margin
+11.6%
P/E
12.5
Peer P/E 14.3
Free cash flow
$21.4B
Trailing 12 months
More metrics
Net income
$16.2B
Trailing 12 months
P/S
1.4
Peer P/E
14.3
Similar listed perps
Revenue estimate
$141B
Next fiscal year
Earnings
2026-10-20
Revenue est. $34.8B · Updated 5h ago
Dividend
$0.708
2026-10-09

Fundamental detail

Annual + quarterly
Latest revenue$138.2B
Net margin+12.4%
Free cash flow$20.1B
Net debt$181.5B
2020$128.3B
2021$133.6B
2022$136.8B
2023$134B
2024$134.8B
2025$138.2B
PeriodRevenueGrowthNet incomeFCF
2020$128.3B-3%$17.8B$21.5B
2021$133.6B+4%$22.1B$19.3B
2022$136.8B+2%$21.3B$10.4B
2023$134B-2%$11.6B$18.7B
2024$134.8B+1%$17.5B$18.9B
2025$138.2B+3%$17.2B$20.1B
PeriodGross marginOperating marginNet marginROEROA
2020+47.1%+23.3%+13.9%+26.2%+5.6%
2021+45.7%+23.9%+16.5%+27.0%+6.0%
2022+44.3%+22.3%+15.5%+23.3%+5.6%
2023+45.9%+21.5%+8.7%+12.6%+3.1%
2024+46.6%+22.7%+13.0%+17.6%+4.6%
2025+45.6%+21.2%+12.4%+16.4%+4.2%
PeriodCashDebtNet debtCurrent ratio
2020$22.2B$150.5B$128.4B1.38
2021$2.9B$177.9B$175B0.78
2022$2.6B$176.3B$173.7B0.75
2023$2.1B$174.9B$172.9B0.69
2024$4.2B$168.4B$164.2B0.63
2025$19B$200.6B$181.5B0.91
PeriodMarket capEnterprise valueP/SP/E
2020$243.2B$371.6B1.913.7
2021$215.5B$390.5B1.69.8
2022$165.6B$339.3B1.27.8
2023$158.8B$331.6B1.213.7
2024$168.7B$332.8B1.39.6
2025$172.1B$353.7B1.210.0
Q3 2024$33.3B
Q4 2024$35.7B
Q1 2025$33.5B
Q2 2025$34.5B
Q3 2025$33.8B
Q4 2025$36.4B
Q1 2026$34.4B
Q2 2026$34.3B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$33.3B0%$3.3B$5.8B
Q4 2024$35.7B+2%$5B$5.2B
Q1 2025$33.5B+2%$4.9B$3.5B
Q2 2025$34.5B+5%$5B$5.1B
Q3 2025$33.8B+1%$5B$6.9B
Q4 2025$36.4B+2%$2.3B$4.4B
Q1 2026$34.4B+3%$5B$3.8B
Q2 2026$34.3B-1%$3.8B$6.4B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+46.9%+23.5%+9.9%+3.4%+0.9%
Q4 2024+43.9%+20.8%+14.0%+5.0%+1.3%
Q1 2025+47.3%+23.8%+14.6%+4.8%+1.3%
Q2 2025+46.3%+23.7%+14.5%+4.9%+1.3%
Q3 2025+46.9%+24.0%+14.6%+4.7%+1.3%
Q4 2025+80.5%+13.8%+6.4%+2.2%+0.6%
Q1 2026+60.3%+23.9%+14.6%+4.9%+1.2%
Q2 2026+47.2%+21.0%+11.2%+3.7%+0.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$5B$174.2B$169.2B0.66
Q4 2024$4.2B$168.4B$164.2B0.63
Q1 2025$2.3B$167.7B$165.5B0.61
Q2 2025$3.4B$169.9B$166.5B0.64
Q3 2025$7.7B$170.5B$162.7B0.74
Q4 2025$19B$200.6B$181.5B0.91
Q1 2026$8.4B$195.9B$187.5B0.64
Q2 2026$1.8B$188.5B$186.7B0.60
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$189.5B$358.7B5.714.4
Q4 2024$168.7B$332.9B4.78.4
Q1 2025$191.5B$357B5.79.8
Q2 2025$182.8B$349.2B5.39.2
Q3 2025$185.8B$348.6B5.59.4
Q4 2025$172.3B$353.8B4.718.5
Q1 2026$211.1B$398.6B6.110.5
Q2 2026$176.5B$363.2B5.211.5

Refreshed 5h ago

Charts: revenue, profit, cash flow & valuation
Revenue$34.3BQ2 2026
$9.1B$18.2B$27.3B$36.4BQ3 2023: $33.3BQ4 2023: $35.1BQ1 2024: $33BQ2 2024: $32.8BQ3 2024: $33.3BQ4 2024: $35.7BQ1 2025: $33.5BQ2 2025: $34.5BQ3 2025: $33.8BQ4 2025: $36.4BQ1 2026: $34.4BQ2 2026: $34.3BQ3 2023Q2 2026
Net income$3.8BQ2 2026
-$767.5M$1.2B$3.1B$5BQ3 2023: $4.8BQ4 2023: -$2.7BQ1 2024: $4.6BQ2 2024: $4.6BQ3 2024: $3.3BQ4 2024: $5BQ1 2025: $4.9BQ2 2025: $5BQ3 2025: $5BQ4 2025: $2.3BQ1 2026: $5BQ2 2026: $3.8BQ3 2023Q2 2026
EBITDA$12.2BQ2 2026
$3.4B$6.8B$10.2B$13.6BQ3 2023: $12.1BQ4 2023: $4.3BQ1 2024: $12.2BQ2 2024: $12.2BQ3 2024: $10.4BQ4 2024: $12.7BQ1 2025: $12.7BQ2 2025: $12.9BQ3 2025: $12.8BQ4 2025: $9.3BQ1 2026: $13.6BQ2 2026: $12.2BQ3 2023Q2 2026
Free cash flow$6.4BQ2 2026
$1.7B$3.4B$5.1B$6.9BQ3 2023: $6.7BQ4 2023: $4.1BQ1 2024: $2.3BQ2 2024: $5.6BQ3 2024: $5.8BQ4 2024: $5.2BQ1 2025: $3.5BQ2 2025: $5.1BQ3 2025: $6.9BQ4 2025: $4.4BQ1 2026: $3.8BQ2 2026: $6.4BQ3 2023Q2 2026
EPS$0.92Q2 2026
-$0.18$0.28$0.74$1.2Q3 2023: $1.13Q4 2023: -$0.64Q1 2024: $1.09Q2 2024: $1.09Q3 2024: $0.78Q4 2024: $1.18Q1 2025: $1.15Q2 2025: $1.18Q3 2025: $1.17Q4 2025: $0.55Q1 2026: $1.2Q2 2026: $0.92Q3 2023Q2 2026
Cash / Debt$1.8BQ2 2026
$50.1B$100.3B$150.4B$200.6BQ3 2023 · Cash: $4.2BQ3 2023 · Debt: $172.1BQ4 2023 · Cash: $2.1BQ4 2023 · Debt: $174.9BQ1 2024 · Cash: $2.4BQ1 2024 · Debt: $175.6BQ2 2024 · Cash: $2.4BQ2 2024 · Debt: $173BQ3 2024 · Cash: $5BQ3 2024 · Debt: $174.2BQ4 2024 · Cash: $4.2BQ4 2024 · Debt: $168.4BQ1 2025 · Cash: $2.3BQ1 2025 · Debt: $167.7BQ2 2025 · Cash: $3.4BQ2 2025 · Debt: $169.9BQ3 2025 · Cash: $7.7BQ3 2025 · Debt: $170.5BQ4 2025 · Cash: $19BQ4 2025 · Debt: $200.6BQ1 2026 · Cash: $8.4BQ1 2026 · Debt: $195.9BQ2 2026 · Cash: $1.8BQ2 2026 · Debt: $188.5BQ3 2023Q2 2026
CashDebt
Profitability+47.2%Q2 2026
+14.3%+36.4%+58.4%+80.5%Q3 2023 · Gross margin: +46.4%Q4 2023 · Gross margin: +43.9%Q1 2024 · Gross margin: +47.5%Q2 2024 · Gross margin: +48.3%Q3 2024 · Gross margin: +46.9%Q4 2024 · Gross margin: +43.9%Q1 2025 · Gross margin: +47.3%Q2 2025 · Gross margin: +46.3%Q3 2025 · Gross margin: +46.9%Q4 2025 · Gross margin: +80.5%Q1 2026 · Gross margin: +60.3%Q2 2026 · Gross margin: +47.2%Q3 2023 · Operating margin: +22.8%Q4 2023 · Operating margin: +18.3%Q1 2024 · Operating margin: +23.1%Q2 2024 · Operating margin: +23.8%Q3 2024 · Operating margin: +23.5%Q4 2024 · Operating margin: +20.8%Q1 2025 · Operating margin: +23.8%Q2 2025 · Operating margin: +23.7%Q3 2025 · Operating margin: +24.0%Q4 2025 · Operating margin: +13.8%Q1 2026 · Operating margin: +23.9%Q2 2026 · Operating margin: +21.0%Q3 2023 · Net margin: +14.3%Q4 2023 · Net margin: -7.7%Q1 2024 · Net margin: +14.0%Q2 2024 · Net margin: +14.0%Q3 2024 · Net margin: +9.9%Q4 2024 · Net margin: +14.0%Q1 2025 · Net margin: +14.6%Q2 2025 · Net margin: +14.5%Q3 2025 · Net margin: +14.6%Q4 2025 · Net margin: +6.4%Q1 2026 · Net margin: +14.6%Q2 2026 · Net margin: +11.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-0.7%Q2 2026
+0.8%+2.2%+3.7%+5.2%Q3 2024: 0.0%Q4 2024: +1.6%Q1 2025: +1.5%Q2 2025: +5.2%Q3 2025: +1.5%Q4 2025: +2.0%Q1 2026: +2.9%Q2 2026: -0.7%Q3 2023Q2 2026
Shares outstanding4.2BQ2 2026
1.1B2.1B3.2B4.2BQ3 2023: 4.2BQ4 2023: 4.2BQ1 2024: 4.2BQ2 2024: 4.2BQ3 2024: 4.2BQ4 2024: 4.2BQ1 2025: 4.2BQ2 2025: 4.2BQ3 2025: 4.2BQ4 2025: 4.2BQ1 2026: 4.2BQ2 2026: 4.2BQ3 2023Q2 2026
Valuation11.5Q2 2026
-6.41.910.218.5Q3 2023 · P/E: 7.2Q4 2023 · P/E: -14.7Q1 2024 · P/E: 9.7Q2 2024 · P/E: 9.6Q3 2024 · P/E: 14.4Q4 2024 · P/E: 8.4Q1 2025 · P/E: 9.8Q2 2025 · P/E: 9.2Q3 2025 · P/E: 9.4Q4 2025 · P/E: 18.5Q1 2026 · P/E: 10.5Q2 2026 · P/E: 11.5Q3 2023 · P/S: 4.1Q4 2023 · P/S: 4.5Q1 2024 · P/S: 5.4Q2 2024 · P/S: 5.4Q3 2024 · P/S: 5.7Q4 2024 · P/S: 4.7Q1 2025 · P/S: 5.7Q2 2025 · P/S: 5.3Q3 2025 · P/S: 5.5Q4 2025 · P/S: 4.7Q1 2026 · P/S: 6.1Q2 2026 · P/S: 5.2Q3 2023Q2 2026
P/EP/S
Revenue$138.2B2025
$34.5B$69.1B$103.6B$138.2B2018: $130.9B2019: $131.9B2020: $128.3B2021: $133.6B2022: $136.8B2023: $134B2024: $134.8B2025: $138.2B20182025
Net income$17.2B2025
$5.5B$11B$16.5B$22.1B2018: $15.5B2019: $19.3B2020: $17.8B2021: $22.1B2022: $21.3B2023: $11.6B2024: $17.5B2025: $17.2B20182025
EBITDA$47.7B2025
$12.3B$24.6B$36.8B$49.1B2018: $41.9B2019: $44.1B2020: $45B2021: $49.1B2022: $49B2023: $40.1B2024: $47.5B2025: $47.7B20182025
Free cash flow$20.1B2025
$5.4B$10.7B$16.1B$21.5B2018: $16.3B2019: $16.9B2020: $21.5B2021: $19.3B2022: $10.4B2023: $18.7B2024: $18.9B2025: $20.1B20182025
EPS$4.062025
$1.33$2.66$3.99$5.322018: $3.762019: $4.652020: $4.32021: $5.322022: $5.062023: $2.752024: $4.152025: $4.0620182025
Cash / Debt$19B2025
$50.1B$100.3B$150.4B$200.6B2018 · Cash: $2.7B2018 · Debt: $113.1B2019 · Cash: $2.6B2019 · Debt: $133.1B2020 · Cash: $22.2B2020 · Debt: $150.5B2021 · Cash: $2.9B2021 · Debt: $177.9B2022 · Cash: $2.6B2022 · Debt: $176.3B2023 · Cash: $2.1B2023 · Debt: $174.9B2024 · Cash: $4.2B2024 · Debt: $168.4B2025 · Cash: $19B2025 · Debt: $200.6B20182025
CashDebt
Profitability+45.6%2025
+11.8%+23.5%+35.3%+47.1%2018 · Gross margin: +44.5%2019 · Gross margin: +45.8%2020 · Gross margin: +47.1%2021 · Gross margin: +45.7%2022 · Gross margin: +44.3%2023 · Gross margin: +45.9%2024 · Gross margin: +46.6%2025 · Gross margin: +45.6%2018 · Operating margin: +22.9%2019 · Operating margin: +23.5%2020 · Operating margin: +23.3%2021 · Operating margin: +23.9%2022 · Operating margin: +22.3%2023 · Operating margin: +21.5%2024 · Operating margin: +22.7%2025 · Operating margin: +21.2%2018 · Net margin: +11.9%2019 · Net margin: +14.6%2020 · Net margin: +13.9%2021 · Net margin: +16.5%2022 · Net margin: +15.5%2023 · Net margin: +8.7%2024 · Net margin: +13.0%2025 · Net margin: +12.4%20182025
Gross marginOperating marginNet margin
Revenue growth+2.5%2025
-1.0%+0.7%+2.4%+4.1%2019: +0.8%2020: -2.7%2021: +4.1%2022: +2.4%2023: -2.1%2024: +0.6%2025: +2.5%20182025
Shares outstanding4.2B2025
1.1B2.1B3.2B4.2B2018: 4.1B2019: 4.1B2020: 4.1B2021: 4.2B2022: 4.2B2023: 4.2B2024: 4.2B2025: 4.2B20182025
Valuation10.02025
3.77.511.215.02018 · P/E: 15.02019 · P/E: 13.22020 · P/E: 13.72021 · P/E: 9.82022 · P/E: 7.82023 · P/E: 13.72024 · P/E: 9.62025 · P/E: 10.02018 · P/S: 1.82019 · P/S: 1.92020 · P/S: 1.92021 · P/S: 1.62022 · P/S: 1.22023 · P/S: 1.22024 · P/S: 1.32025 · P/S: 1.220182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-20
Revenue est. $34.8B · Updated 5h ago
Dividend
$0.708
2026-10-09

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.99$141B+2%14
FY 20275.25$143.3B+4%15
FY 20285.60$144.7B+5%8
FY 20295.93$147.9B+7%5
FY 20306.35$150B+9%5
Q1 20271.32$35.3B+2%4

Company events

6
2026-10-20EarningsActual - / Estimate 1.28-
2026-10-09Dividend$0.708-
2026-07-24EarningsActual 1.3 / Estimate 1.27Beat
2026-07-10Dividend$0.708-
2026-04-27EarningsActual 1.28 / Estimate 1.22Beat
2026-04-10Dividend$0.708-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering VZ have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings104320
Analysts2441
Buy / hold / sell33 / 71 / 0124 / 194 / 2
Upgrades / downgrades / initiations1 / 3 / 312 / 6 / 9
Price targets hit / missed49 / 45 (52%)215 / 81 (73%)
Avg. return after a rating (TipRanks)-0.4%+5.2%
Best / worst call+17.9% / -16.7%+55.9% / -16.7%

After buy calls on this stock: median 21-day move +1.6% vs S&P 500 -1.9% (n = 124)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Michael RollinsCiti56% hit rate on this stock · 16 targets measuredBuytarget $55.00Sep 1, 2026
  2. Timothy HoranOppenheimer40% hit rate on this stock · 10 targets measuredBuytarget $56.00Apr 28, 2026
  3. Gregory WilliamsTD Cowen30% hit rate on this stock · 10 targets measuredBuytarget $56.00Jul 27, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Laurent YoonBernsteinHoldMaintained$47.00
Sep 1, 2026Michael RollinsCitiBuyMaintained$55.00
Sep 3, 2026Michael RollinsCitiBuyMaintained$55.00
Aug 31, 2026Laurent YoonBernsteinHoldMaintained$47.00
Aug 24, 2026Kutgun MaralEvercore ISIBuyMaintained$50.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$40.00$42.00$44.00$46.00$48.00$50.00$52.00Oct 25 · Buy 7 · Hold 11 · Sell 0Oct 25Nov 25 · Buy 7 · Hold 11 · Sell 0Dec 25 · Buy 7 · Hold 11 · Sell 0Dec 25Jan 26 · Buy 5 · Hold 12 · Sell 0Feb 26 · Buy 6 · Hold 12 · Sell 0Feb 26Mar 26 · Buy 7 · Hold 11 · Sell 0Apr 26 · Buy 7 · Hold 11 · Sell 0Apr 26May 26 · Buy 7 · Hold 12 · Sell 0Jun 26 · Buy 8 · Hold 12 · Sell 0Jun 26Jul 26 · Buy 8 · Hold 13 · Sell 0Aug 26 · Buy 8 · Hold 11 · Sell 0Aug 26Sep 26 · Buy 8 · Hold 11 · Sell 0Oct 25 · avg. target $47.13Nov 25 · avg. target $47.13Dec 25 · avg. target $47.06Jan 26 · avg. target $46.00Feb 26 · avg. target $48.60Mar 26 · avg. target $50.09Apr 26 · avg. target $51.15May 26 · avg. target $51.03Jun 26 · avg. target $51.31Jul 26 · avg. target $50.53Aug 26 · avg. target $50.78Sep 26 · avg. target $51.03Oct 25 · month-end close $39.74Nov 25 · month-end close $41.11Dec 25 · month-end close $40.73Jan 26 · month-end close $44.52Feb 26 · month-end close $50.14Mar 26 · month-end close $50.20Apr 26 · month-end close $48.03May 26 · month-end close $47.81Jun 26 · month-end close $42.34Jul 26 · month-end close $46.81Aug 26 · month-end close $50.02Sep 26 · month-end close $48.33

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 104 ratings

Frequently asked questions

Where can I trade VZ perpetual futures?

Verizon (VZ) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade VZ around the clock?

Yes. Unlike the underlying stock, VZ perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on VZ perpetuals?

Right now the VZ perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the VZ perp price compare to the Verizon stock?

The venue-median VZ perp mark is $48.2 versus a reference stock price of $48.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a VZ perpetual future?

A VZ perpetual is a derivative that tracks the price of Verizon with no expiry date. It lets you take long or short exposure to Verizon on crypto venues, around the clock.

What is VZUSDT perpetual?

VZUSDT is the symbol most crypto exchanges use for the Verizon perpetual settled in USDT (Tether). It tracks the VZ share price through an index, trades 24/7 with leverage and never expires.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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