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.

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

US$ in millions

Microsoft Excel
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
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-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).

An analysis of the balance sheet indicates a general expansion of the company's total capital structure, with total liabilities and equity growing from 345,573 million US dollars in March 2021 to 417,882 million US dollars by March 2026. This growth is characterized by a simultaneous increase in both total liabilities and total equity, although liabilities remain the dominant component of the financing mix.

Current Liabilities and Short-Term Liquidity
Current liabilities have exhibited a significant upward trajectory, rising from 38,730 million US dollars in March 2021 to 69,880 million US dollars in March 2026. This increase is primarily driven by debt maturing within one year, which surged from 8,802 million US dollars at the start of the period to a peak of 28,229 million US dollars in March 2026. The volatility in short-term debt suggests a periodic cycling of debt maturities and refinancing activities. Accounts payable and accrued liabilities have also remained elevated, generally fluctuating between 17,000 and 26,000 million US dollars.
Long-Term Debt and Non-Current Obligations
Long-term debt, excluding current portions, showed an initial downward trend, decreasing from 149,700 million US dollars in March 2021 to a low of 121,020 million US dollars in March 2024, before rebounding to 144,231 million US dollars by March 2026. Deferred income taxes have grown steadily throughout the period, increasing from 36,747 million US dollars to 49,312 million US dollars. Conversely, non-current operating lease liabilities have seen a gradual decline from 17,766 million US dollars to 18,692 million US dollars, though they remained relatively stable after an initial spike in 2021.
Equity Composition and Retained Earnings
Total equity has demonstrated consistent growth, increasing from 72,683 million US dollars in March 2021 to 104,622 million US dollars in March 2026. This growth is largely attributed to a strong increase in retained earnings, which rose from 63,107 million US dollars to 96,824 million US dollars over the analyzed timeframe, signaling sustained profitability. However, accumulated other comprehensive income has trended negatively, moving from 640 million US dollars to a loss of 2,372 million US dollars by March 2026.
Overall Liability and Leverage Trends
Total liabilities increased from 272,890 million US dollars in March 2021 to 313,260 million US dollars in March 2026. While the absolute volume of debt has risen, the simultaneous growth in equity suggests a strategic effort to balance the capital structure. The significant rise in total liabilities in the final quarter of the data set, coupled with the spike in short-term debt, indicates a heightened concentration of obligations maturing in the immediate term.