Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paying user area

Try for free

Verizon Communications Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

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

US$ in millions

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).

An examination of the balance sheet items reveals several noteworthy trends in liabilities and stockholders’ equity over the observed period. Current liabilities generally increased from March 2021 through December 2023, followed by some fluctuation, while long-term liabilities exhibited a more stable pattern with a slight increase overall. Total liabilities demonstrated a consistent upward trend, particularly accelerating in the latter half of the period, before a significant jump in the final period.

Current Liabilities
Current liabilities increased from $38.73 billion in March 2021 to a peak of $60.806 billion in March 2024, indicating a growing reliance on short-term financing. A subsequent decrease to $62.370 billion by December 2025 suggests a potential shift in financing strategies or improved working capital management. Accounts payable and accrued liabilities consistently represent the largest component of current liabilities, fluctuating between approximately $17 billion and $26 billion. Debt maturing within one year showed significant volatility, peaking at $23.255 billion in June 2024 before declining. Current operating lease liabilities exhibited a steady, incremental increase throughout the period.
Long-Term Liabilities
Long-term debt, excluding maturing within one year, remained relatively stable between approximately $133 billion and $149 billion for much of the period, with a slight increase towards the end. Employee benefit obligations and deferred income taxes also contributed significantly to long-term liabilities, showing moderate increases over time. Non-current operating lease liabilities decreased gradually from $23.360 billion in June 2021 to $18.951 billion in December 2025. Other liabilities also showed an increasing trend, rising from $11.695 billion to $17.848 billion over the period.
Stockholders’ Equity
Total stockholders’ equity demonstrated a consistent upward trend, increasing from $72.683 billion in March 2021 to $105.741 billion in December 2025. Retained earnings were the primary driver of this growth, increasing from $63.107 billion to $94.744 billion. Additional paid-in capital remained relatively stable, while common stock remained constant. Accumulated other comprehensive income (loss) fluctuated, ending with a loss of $1.727 billion in December 2025. Treasury stock decreased over the period, indicating share repurchases.

The combined effect of these trends resulted in a substantial increase in total liabilities and equity, rising from $345.573 billion in March 2021 to $404.258 billion in December 2025. The increase in total liabilities, particularly in the latter periods, outpaced the growth in equity, suggesting a greater reliance on debt financing. The fluctuations in current liabilities warrant further investigation to understand the underlying drivers and potential risks.