Stock Analysis on Net
Stock Analysis on Net
Stock Analysis on Net without ads!

Verizon Communications Inc. (NYSE:VZ)

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

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

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 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 5.31 6.76 4.61 5.19 5.76 5.95 5.88 5.71 6.13 4.10 3.41 3.37 3.90 3.20 2.62 4.00 3.48 3.67 2.03 2.16 2.01 2.55
Accounts payable and accrued liabilities 4.98 5.25 6.18 5.33 5.19 5.10 6.08 5.83 5.20 5.30 6.17 6.79 5.28 5.10 6.32 5.93 5.66 4.97 6.77 5.70 4.96 4.98
Current operating lease liabilities 1.18 1.13 1.12 1.16 1.23 1.23 1.15 1.13 1.12 1.13 1.12 1.01 1.11 1.11 1.09 1.06 1.06 1.05 1.05 1.02 1.11 1.02
Other current liabilities 3.70 3.59 3.52 3.66 3.72 3.77 3.73 3.55 3.58 3.58 3.30 3.30 3.24 3.24 3.19 3.19 3.10 3.05 3.01 2.82 3.39 2.65
Current liabilities 15.17% 16.72% 15.43% 15.34% 15.90% 16.05% 16.84% 16.22% 16.04% 14.11% 14.00% 14.47% 13.53% 12.65% 13.21% 14.17% 13.30% 12.74% 12.86% 11.70% 11.48% 11.21%
Long-term debt, excluding maturing within one year 34.97 34.51 34.52 32.61 32.33 31.82 31.55 33.81 33.24 35.80 36.21 34.94 36.29 37.27 37.05 35.43 36.79 38.27 39.12 40.56 41.49 43.32
Employee benefit obligations 2.87 2.88 2.75 2.85 2.91 3.10 3.12 3.34 3.38 3.37 3.47 3.18 3.25 3.38 3.42 4.24 4.09 4.13 4.20 4.67 4.79 5.28
Deferred income taxes 12.25 11.80 12.05 12.42 12.15 12.26 12.15 12.03 12.15 12.09 12.04 11.55 11.59 11.56 11.44 11.22 11.39 11.30 11.10 10.89 10.75 10.63
Non-current operating lease liabilities 4.48 4.47 4.69 4.94 5.00 5.09 5.18 5.05 5.13 5.17 5.26 5.40 5.46 5.64 5.68 5.91 6.10 6.27 6.33 6.65 6.69 5.14
Other liabilities 4.62 4.58 4.42 4.46 4.47 4.84 5.02 3.92 4.33 4.28 4.35 4.73 4.48 4.56 4.85 5.35 4.73 4.00 3.69 3.33 3.29 3.38
Long-term liabilities 59.19% 58.24% 58.41% 57.28% 56.87% 57.12% 57.02% 58.16% 58.24% 60.71% 61.34% 59.78% 61.07% 62.41% 62.43% 62.16% 63.10% 63.97% 64.44% 66.09% 67.01% 67.76%
Total liabilities 74.35% 74.96% 73.84% 72.61% 72.77% 73.17% 73.86% 74.38% 74.27% 74.82% 75.33% 74.25% 74.60% 75.06% 75.65% 76.33% 76.40% 76.71% 77.30% 77.79% 78.49% 78.97%
Series preferred stock, $0.10 par value; none issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.10 par value 0.10 0.10 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.12 0.12 0.12 0.12 0.12 0.12
Additional paid in capital 3.23 3.17 3.31 3.45 3.50 3.53 3.50 3.54 3.57 3.57 3.58 3.51 3.56 3.58 3.53 3.59 3.75 3.79 3.78 3.79 3.84 3.88
Retained earnings 23.83 23.17 23.44 24.55 24.34 23.96 23.16 22.81 22.82 22.28 21.81 22.98 22.75 22.38 21.70 20.94 20.64 20.20 19.64 19.82 18.99 18.26
Accumulated other comprehensive income (loss) -0.43 -0.57 -0.43 -0.43 -0.38 -0.39 -0.24 -0.44 -0.34 -0.32 -0.36 -0.37 -0.51 -0.58 -0.49 -0.45 -0.36 -0.25 -0.25 -0.20 -0.07 0.19
Common stock in treasury, at cost -1.54 -1.28 -0.81 -0.85 -0.86 -0.87 -0.93 -0.94 -0.95 -0.95 -1.00 -0.99 -1.01 -1.01 -1.06 -1.07 -1.09 -1.10 -1.12 -1.88 -1.90 -1.92
Deferred compensation, employee stock ownership plans (ESOPs) and other 0.15 0.12 0.22 0.21 0.19 0.14 0.19 0.19 0.15 0.11 0.17 0.16 0.14 0.11 0.21 0.20 0.18 0.14 0.15 0.14 0.12 0.08
Equity attributable to Verizon 25.33% 24.72% 25.84% 27.05% 26.89% 26.48% 25.80% 25.27% 25.37% 24.81% 24.31% 25.40% 25.05% 24.59% 24.01% 23.32% 23.24% 22.90% 22.31% 21.80% 21.10% 20.61%
Noncontrolling interests 0.31 0.31 0.32 0.34 0.34 0.35 0.35 0.35 0.36 0.37 0.36 0.35 0.34 0.35 0.35 0.35 0.36 0.39 0.38 0.41 0.41 0.42
Total equity 25.65% 25.04% 26.16% 27.39% 27.23% 26.83% 26.14% 25.62% 25.73% 25.18% 24.67% 25.75% 25.40% 24.94% 24.35% 23.67% 23.60% 23.29% 22.70% 22.21% 21.51% 21.03%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 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 capital structure exhibits a gradual shift from a heavy reliance on long-term debt toward an increased proportion of equity financing over the observed period. Total liabilities decreased from 78.97% of total liabilities and equity in March 2021 to 74.35% by June 2026, while total equity rose from 21.03% to 25.65% during the same interval, peaking at 27.39% in September 2025.

Debt Profile and Maturity Trends
A significant reallocation of debt is observed. Long-term debt, excluding the portion maturing within one year, showed a consistent downward trend, declining from 43.32% in March 2021 to 34.97% in June 2026. Conversely, debt maturing within one year increased from 2.55% to 5.31%, reaching a peak of 6.76% in March 2026. This suggests a transition in the debt maturity profile, with a larger percentage of obligations becoming due in the short term.
Current Liabilities and Liquidity
Current liabilities as a percentage of the total balance sheet expanded from 11.21% in March 2021 to 15.17% in June 2026. This increase is primarily driven by the growth in short-term debt obligations and a general rise in other current liabilities, which moved from 2.65% to 3.70%. Accounts payable and accrued liabilities remained relatively stable, fluctuating between 4.9% and 6.8%.
Long-Term Obligation Trends
Beyond long-term debt, other non-current liabilities displayed diverging patterns. Deferred income taxes increased steadily from 10.63% to 12.25%, becoming a more prominent component of the balance sheet. Non-current operating lease liabilities experienced a gradual decline, falling from 5.14% in March 2021 to 4.48% in June 2026. Employee benefit obligations also trended downward, moving from 5.28% to 2.87%.
Equity Composition and Growth
The growth in total equity is predominantly attributed to the accumulation of retained earnings, which rose from 18.26% in March 2021 to 23.83% in June 2026. Additional paid-in capital remained relatively flat with a slight downward bias, moving from 3.88% to 3.23%. The impact of treasury stock remained modest, fluctuating between -0.81% and -1.92%, indicating a consistent but limited program of share repurchases relative to the total balance sheet size.

In summary, the financial position is characterized by a deleveraging of long-term debt and a strengthening of the equity base via retained earnings. However, the increasing concentration of debt maturing within one year indicates a heightened requirement for short-term liquidity management.

AI Ask an analyst for more