Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

$24.99

Analysis of Reportable Segments

Microsoft Excel

Verizon Communications Inc. operates in 2 segments: Verizon Consumer Group and Verizon Business Group.

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Segment Profit Margin

Verizon Communications Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Verizon Consumer Group
Verizon Business Group

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Verizon Consumer Group Verizon Consumer Group segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Verizon Business Group Verizon Business Group segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Verizon Consumer Group

Verizon Communications Inc.; Verizon Consumer Group; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income
Operating revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Operating revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Verizon Consumer Group Verizon Consumer Group segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment Profit Margin: Verizon Business Group

Verizon Communications Inc.; Verizon Business Group; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income
Operating revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Operating revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Verizon Business Group Verizon Business Group segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Operating revenues

Verizon Communications Inc., operating revenues by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Verizon Consumer Group
Verizon Business Group
Total reportable segments

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Operating income

Verizon Communications Inc., operating income by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Verizon Consumer Group
Verizon Business Group
Total reportable segments

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).