Verizon (VZ) balance sheet
NYSE · Communication Services · Telecommunications Services · 89,900 employees · CEO Daniel H. Schulman
- Price
- $44.73 +2.45%
- Market cap
- $185B
- Enterprise value
- $370B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-01-29 EPS est. $1.15
At the end of Q3 '26 Verizon (VZ) held $4.5B in cash and short-term investments against $189B of debt incl. leases. Total assets $416B, total liabilities $308B, shareholders' equity $106B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $2.07B | $2.37B | $2.43B | $4.99B | $4.19B | $2.26B | $3.44B | $7.71B | $19B | $8.37B | $1.75B | $4.5B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $26M | $27M | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $25.1B | $25.3B | $25.6B | $26B | $26.1B | $27B | $26.3B | $25.9B | $28.3B | $26.7B | $26.5B | $26.4B | |
| Inventory | $2.06B | $2.08B | $1.84B | $2.52B | $2.25B | $2.2B | $2.14B | $2.7B | $2.44B | $2.32B | $2.04B | $2.78B | |
| Other current assets | $5.65B | $8.2B | $8.18B | $7.18B | $5.04B | -$1.17B | $6.97B | $0 | $7.09B | $0 | $7.3B | $7.88B | |
| Current assets | $36.8B | $38B | $38.1B | $40.6B | $40.5B | $37.4B | $38.8B | $44B | $56.9B | $44.7B | $37.6B | $41.5B | |
| Property, plant & equipment (net) | $133B | $132B | $132B | $131B | $133B | $108B | $132B | $108B | $361B | $126B | $149B | $148B | |
| Long-term investments | $953M | $941M | $908M | $867M | $842M | $13.1B | $15.5B | $799M | $785M | $730M | $783M | $796M | |
| Goodwill | $22.8B | $22.8B | $22.8B | $22.8B | $22.8B | $22.8B | $22.8B | $22.8B | $22.8B | $30.6B | $30.7B | $30.7B | |
| Intangible assets | $167B | $167B | $167B | $167B | $168B | $168B | $10.6B | $10.5B | $10.5B | $170B | $170B | $173B | |
| Other non-current assets | $19.9B | $19.3B | $18.4B | $18.5B | $19.8B | $31.6B | $163B | $202B | -$48.2B | $45.9B | $22B | $21.3B | |
| Non-current assets | $343B | $342B | $341B | $341B | $344B | $343B | $344B | $344B | $347B | $373B | $373B | $374B | |
| Total assets | $380B | $380B | $379B | $381B | $385B | $380B | $383B | $388B | $404B | $418B | $410B | $416B | |
| Liabilities | |||||||||||||
| Accounts payable | $10B | $20.1B | $19.7B | $22.2B | $10.4B | $19.4B | $19.9B | $20.7B | $25B | $21.9B | $20.4B | $22B | |
| Accrued expenses | $10.8B | $0 | $0 | $0 | $11B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Short-term debt | $13B | $15.6B | $23.3B | $21.8B | $22.6B | $22.6B | $22.1B | $20.1B | $23.2B | $28.2B | $26.6B | $28.7B | |
| Taxes payable | $0 | $0 | $0 | $0 | $1.9B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $6.96B | $0 | $0 | $0 | $7.49B | $7.54B | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $2.76B | $13.6B | $13.6B | $13.5B | $3.98B | $6.8B | $14.3B | $14.2B | $14.2B | $15B | $15.2B | $15.6B | |
| Current liabilities | $53.2B | $53.6B | $60.8B | $61.8B | $64.8B | $61.1B | $61B | $59.6B | $62.4B | $69.9B | $62.2B | $66.3B | |
| Long-term debt | $138B | $136B | $126B | $129B | $121B | $121B | $124B | $127B | $158B | $144B | $143B | $142B | |
| Lease obligations (non-current) | $20B | $19.7B | $19.5B | $19.2B | $19.9B | $19.4B | $19.2B | $19.2B | $19B | $18.7B | $18.4B | $18B | |
| Deferred tax liabilities | $45.8B | $46B | $46.1B | $45.9B | $46.7B | $46.6B | $46.6B | $48.2B | $48.7B | $49.3B | $50.2B | $51B | |
| Other non-current liabilities | $29.7B | $29.1B | $29.2B | $27.7B | $31.3B | $30.2B | $28.3B | $28.4B | $10B | $31.1B | $30.7B | $30.7B | |
| Non-current liabilities | $233B | $231B | $221B | $222B | $219B | $217B | $218B | $222B | $236B | $243B | $243B | $242B | |
| Total liabilities | $286B | $284B | $282B | $283B | $284B | $278B | $279B | $282B | $299B | $313B | $305B | $308B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $429M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | |
| Retained earnings | $82.9B | $84.7B | $86.5B | $87B | $89.1B | $91.1B | $93.3B | $95.3B | $94.7B | $96.8B | $97.7B | $100B | |
| Accumulated other comprehensive income | -$1.38B | -$1.2B | -$1.29B | -$1.67B | -$923M | -$1.49B | -$1.48B | -$1.65B | -$1.73B | -$2.37B | -$1.78B | -$1.62B | |
| Shareholders' equity | $92.4B | $94.3B | $96.2B | $96.3B | $99.2B | $101B | $103B | $105B | $104B | $103B | $104B | $106B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $175B | $176B | $173B | $174B | $168B | $168B | $170B | $170B | $201B | $196B | $188B | $189B | |
| Net debt (debt - cash) | $173B | $173B | $171B | $169B | $164B | $165B | $166B | $163B | $182B | $188B | $187B | $184B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.88B | $2.08B | $2.75B | $2.59B | $22.2B | $2.92B | $2.61B | $2.07B | $4.19B | $19B | |
| Receivables | $17.5B | $23.5B | $25.1B | $25.4B | $23.9B | $23.8B | $24.5B | $25.1B | $26.1B | $28.3B | |
| Inventory | $1.2B | $1.03B | $1.34B | $1.42B | $1.8B | $3.06B | $2.39B | $2.06B | $2.25B | $2.44B | |
| Other current assets | $882M | $0 | $3.13B | $3.8B | $3.67B | $5.79B | $5.91B | $5.65B | $5.04B | $7.09B | |
| Current assets | $26.4B | $29.9B | $34.6B | $37.5B | $54.6B | $36.7B | $37.9B | $36.8B | $40.5B | $56.9B | |
| Property, plant & equipment (net) | $84.8B | $88.6B | $89.3B | $115B | $117B | $128B | $134B | $133B | $133B | $133B | |
| Long-term investments | $1.11B | $1.04B | $671M | $558M | $589M | $1.06B | $1.07B | $953M | $842M | $785M | |
| Goodwill | $27.2B | $29.2B | $24.6B | $24.4B | $24.8B | $28.6B | $28.7B | $22.8B | $22.8B | $22.8B | |
| Intangible assets | $95.6B | $98.7B | $104B | $105B | $108B | $159B | $161B | $167B | $168B | $10.5B | |
| Other non-current assets | $9.15B | $9.79B | $11.7B | $10.1B | $10.9B | $13.3B | $17.3B | $19.9B | $19.8B | $180B | |
| Non-current assets | $218B | $227B | $230B | $254B | $262B | $330B | $342B | $343B | $344B | $347B | |
| Total assets | $244B | $257B | $265B | $292B | $316B | $367B | $380B | $380B | $385B | $404B | |
| Liabilities | |||||||||||
| Accounts payable | $7.08B | $7.06B | $7.23B | $7.73B | $6.67B | $8.04B | $8.75B | $10B | $10.4B | $25B | |
| Accrued expenses | $11B | $12.7B | $13.8B | $12.3B | $12.6B | $15.2B | $13.4B | $10.8B | $11B | $0 | |
| Short-term debt | $2.65B | $3.45B | $7.19B | $10.8B | $5.89B | $7.44B | $9.96B | $13B | $22.6B | $23.2B | |
| Taxes payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.61B | $1.9B | $0 | |
| Deferred revenue | $2.91B | $4.05B | $4.21B | $4.65B | $4.84B | $6.05B | $6.58B | $6.96B | $7.49B | $0 | |
| Other current liabilities | $2.81B | $1.87B | $1.52B | $1.81B | $2.17B | $2.26B | $2.75B | $2.76B | $3.98B | $14.2B | |
| Current liabilities | $30.3B | $33B | $37.9B | $44.9B | $39.7B | $47.2B | $50.2B | $53.2B | $64.8B | $62.4B | |
| Long-term debt | $105B | $114B | $106B | $101B | $123B | $143B | $141B | $138B | $121B | $158B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $18.4B | $18B | $23.2B | $21.6B | $20B | $19.9B | $19B | |
| Deferred tax liabilities | $46B | $31.2B | $33.8B | $34.7B | $35.7B | $40.7B | $43.4B | $45.8B | $46.7B | $48.7B | |
| Other non-current liabilities | $38.4B | $34.5B | $32.5B | $30.2B | $30.7B | $28.9B | $31.4B | $29.7B | $31.3B | $10B | |
| Non-current liabilities | $190B | $179B | $172B | $184B | $208B | $236B | $237B | $233B | $219B | $236B | |
| Total liabilities | $220B | $212B | $210B | $229B | $247B | $283B | $287B | $286B | $284B | $299B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $424M | $424M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | $429M | |
| Retained earnings | $15.1B | $35.6B | $43.5B | $53.1B | $60.5B | $72B | $82.4B | $82.9B | $89.1B | $94.7B | |
| Accumulated other comprehensive income | $2.67B | $2.66B | $2.37B | $998M | -$71M | -$927M | -$1.87B | -$1.38B | -$923M | -$1.73B | |
| Shareholders' equity | $22.5B | $43.1B | $53.1B | $61.4B | $67.8B | $81.8B | $91.1B | $92.4B | $99.2B | $104B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $108B | $117B | $113B | $133B | $151B | $178B | $176B | $175B | $168B | $201B | |
| Net debt (debt - cash) | $105B | $115B | $110B | $131B | $128B | $175B | $174B | $173B | $164B | $182B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01