Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Verizon Communications Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Debt maturing within one year
Accounts payable and accrued liabilities
Current operating lease liabilities
Other current liabilities
Current liabilities
Long-term debt, excluding maturing within one year
Employee benefit obligations
Deferred income taxes
Non-current operating lease liabilities
Other liabilities
Long-term liabilities
Total liabilities
Series preferred stock, $0.10 par value; none issued
Common stock, $0.10 par value
Additional paid in capital
Retained earnings
Accumulated other comprehensive income (loss)
Common stock in treasury, at cost
Deferred compensation, employee stock ownership plans (ESOPs) and other
Equity attributable to Verizon
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The composition of liabilities and stockholders’ equity exhibited several notable trends over the observed period from March 2021 to December 2025. Overall, total liabilities generally remained relatively stable as a percentage of total liabilities and equity, fluctuating between approximately 75% and 79% throughout the period. Equity, conversely, demonstrated a gradual increasing trend, rising from 21.03% in March 2021 to 26.16% in December 2025.

Current Liabilities
Current liabilities as a percentage of the total increased from 11.21% in March 2021 to a peak of 16.04% in March 2024, before decreasing slightly to 15.43% by December 2025. This increase was largely driven by increases in accounts payable and accrued liabilities, and other current liabilities. Accounts payable and accrued liabilities rose from 4.98% to 6.79% in September 2023, then decreased to 6.18% in December 2025. Other current liabilities also showed an upward trend, increasing from 2.65% to 3.73% in December 2022, and then fluctuating between 3.52% and 3.72% in the later periods.
Long-Term Debt
Long-term debt, excluding amounts maturing within one year, represented a significant portion of total liabilities, starting at 43.32% in March 2021. This proportion generally decreased over time, reaching 31.55% in December 2022, before fluctuating between 31.82% and 34.52% in the subsequent periods. The decrease suggests a reduction in long-term borrowing or a shift in financing strategies. Debt maturing within one year remained relatively stable, generally between 2% and 4%, with a notable increase to 6.13% in June 2024 before decreasing to 4.61% in December 2025.
Employee Benefit Obligations & Deferred Income Taxes
Employee benefit obligations and deferred income taxes both exhibited a declining trend as percentages of total liabilities and equity. Employee benefit obligations decreased from 5.28% in March 2021 to 2.75% in December 2025. Deferred income taxes decreased from 10.63% to 12.05% in December 2025, with a slight increase in the most recent period. These decreases could indicate changes in pension plans or tax strategies.
Lease Liabilities
Both current and non-current operating lease liabilities remained relatively stable throughout the period. Current operating lease liabilities fluctuated around 1% to 1.15%, while non-current operating lease liabilities decreased from 5.14% to 4.69% in December 2025. These values suggest consistent lease obligations.
Equity Components
Within equity, retained earnings consistently represented the largest component, increasing from 18.26% in March 2021 to 23.44% in December 2025, indicating accumulated profits. Additional paid-in capital remained relatively stable, fluctuating between 3.31% and 3.88%. Accumulated other comprehensive income (loss) was negative throughout the period, with a slight decrease in magnitude over time. Common stock remained a small percentage of total equity. The proportion of equity attributable to the company increased from 20.61% to 25.84% over the period, while noncontrolling interests remained consistently below 0.5%.

In summary, the balance sheet composition shifted towards a greater reliance on equity financing and a reduction in long-term debt over the analyzed timeframe. Current liabilities experienced some volatility, but remained a consistent portion of the total. The trends in employee benefit obligations and deferred income taxes suggest potential changes in financial planning and tax management.