What is the current annual operating margin of VZ?

As of today, VZ annual operating margin is 21.17%

What is 1-year change in VZ annual operating margin?

VZ annual operating margin is down -6.78% year-over-year

What is 3-year change in VZ annual operating margin?

VZ annual operating margin is down -4.94% over the past 3 years

How far is VZ annual operating margin from its all-time high?

VZ annual operating margin is currently -31.95% below its historical high of 31.11% set on December 31, 2002

How does VZ annual operating margin rank versus sector peers?

VZ annual operating margin is higher than 87.04% of companies in Communication Services sector

When is VZ next annual earnings release?

As of today, the next annual earnings release for VZ has not been scheduled

What is the current quarterly operating margin of VZ?

As of today, VZ quarterly operating margin is 22.12%

What is VZ quarterly operating margin most recent change?

VZ quarterly operating margin was down -10.41% on June 30, 2026

What is 1-year change in VZ quarterly operating margin?

VZ quarterly operating margin is down -6.59% year-over-year

How far is VZ quarterly operating margin from its all-time high?

VZ quarterly operating margin is currently -43.03% below its historical high of 38.83% set on December 31, 2013

How does VZ quarterly operating margin rank versus sector peers?

VZ quarterly operating margin is higher than 85.42% of companies in Communication Services sector

When is VZ next earnings release?

The next earnings release for VZ is on October 20, 2026

VZ Operating Margin History & Chart Since 1980

Annual Operating Margin

21.17%1.54%-6.78%

December 31, 2025

Summary

Current Value: As of today, VZ annual operating margin is 21.17%, down -6.78% on December 31, 2025
Historical Performance: VZ annual operating margin is down -4.94% over the past 3 years, down -9.06% over the past 5 years
All-Time High Comparison: VZ annual operating margin is currently -31.95% below its historical high of 31.11% set on December 31, 2002
3-Year Low Comparison: VZ annual operating margin is at its 3-year low
Sector Comparison: VZ annual operating margin is higher than 87.04% of companies in Communication Services sector

Operating Margin Chart

beforeafter

Performance

VZ Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	21.17%	-6.8%	-4.9%	-9.1%	+18.9%
Quarterly Operating Margin	Jun 30, 26	22.12%	-6.6%	-3.3%	-8.5%	+24.5%
Price	Sep 4, 26	$50.14	+13.5%	+43.8%	-9.5%	+41.0%
PE Ratio	Sep 4, 26	13.06	+27.3%	+87.4%	+13.7%	-30.1%
Annual Revenue	Dec 31, 25	$138.19B	+2.5%	+1.0%	+7.7%	+29.7%
Annual Operating Profit	Dec 31, 25	$29.26B	-4.4%	-4.0%	-2.0%	+54.2%
Annual Gross Margin	Dec 31, 25	45.64%	-2.0%	+3.0%	-3.0%	+0.8%
Annual Net Margin	Dec 31, 25	12.74%	-4.3%	-19.8%	-10.9%	+32.9%

Operating Margin Highs

VZ Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	22.71%	Dec 31, 24	-6.8%
5Y	23.92%	Dec 31, 21	-11.5%
All	31.11%	Dec 31, 02	-31.9%

Operating Margin Lows

VZ Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	21.17%	Dec 31, 25	at low
5Y	21.17%	Dec 31, 25	at low
All	14.87%	Dec 31, 14	+42.4%

Operating Margin History

Year	Value	Change
2025	21.17%	-6.8%
2024	22.71%	+5.5%
2023	21.52%	-3.4%
2022	22.27%	-6.9%
2021	23.92%	+2.7%
2020	23.28%	-1.1%
2019	23.53%	+2.6%
2018	22.93%	+9.0%
2017	21.04%	+2.3%
2016	20.57%	-17.5%
2015	24.92%	+67.6%
2014	14.87%	-43.4%
2013	26.29%	+45.0%
2012	18.13%	+6.7%
2011	16.99%	-4.6%
2010	17.80%	-1.5%
2009	18.07%	-2.8%
2008	18.60%	+4.0%
2007	17.88%	+10.8%
2006	16.13%	-9.3%
2005	17.78%	-2.7%
2004	18.27%	-7.4%
2003	19.74%	-36.5%

Year	Value	Change
2002	31.11%	+35.7%
2001	22.93%	+0.7%
2000	22.78%	-11.1%
1999	25.61%	+22.0%
1998	20.99%	+18.7%
1997	17.69%	-21.2%
1996	22.45%	-2.3%
1995	22.98%	+13.0%
1994	20.34%	-5.6%
1993	21.54%	+8.7%
1992	19.82%	-3.6%
1991	20.57%	-3.1%
1990	21.22%	+20.7%
1989	17.58%	-14.8%
1988	20.63%	-9.4%
1987	22.78%	-8.3%
1986	24.84%	-2.9%
1985	25.59%	-1.8%
1984	26.06%	+4.5%
1983	24.94%	+5.5%
1982	23.64%	-4.9%
1981	24.85%	-4.7%
1980	26.08%	-

FAQ

What is the current annual operating margin of VZ?: As of today, VZ annual operating margin is 21.17%
What is 1-year change in VZ annual operating margin?: VZ annual operating margin is down -6.78% year-over-year
What is 3-year change in VZ annual operating margin?: VZ annual operating margin is down -4.94% over the past 3 years
How far is VZ annual operating margin from its all-time high?: VZ annual operating margin is currently -31.95% below its historical high of 31.11% set on December 31, 2002
How does VZ annual operating margin rank versus sector peers?: VZ annual operating margin is higher than 87.04% of companies in Communication Services sector
When is VZ next annual earnings release?: As of today, the next annual earnings release for VZ has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

22.12%2.57%-10.41%

June 30, 2026

Summary

Current Value: As of today, VZ quarterly operating margin is 22.12%, down -10.41% on June 30, 2026
Historical Performance: VZ quarterly operating margin is down -6.59% year-over-year, down -3.32% over the past 3 years
All-Time High Comparison: VZ quarterly operating margin is currently -43.03% below its historical high of 38.83% set on December 31, 2013
3-Year Low Comparison: VZ quarterly operating margin is +20.68% above its 3-year low of 18.33% reached on December 31, 2023
Sector Comparison: VZ quarterly operating margin is higher than 85.42% of companies in Communication Services sector

Performance

VZ Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 30, 26	22.12%	-10.4%	-6.6%	-3.3%	-8.5%
Annual Operating Margin	Dec 31, 25	21.17%	–	-6.8%	-4.9%	-9.1%
Price	Sep 4, 26	$50.14	+11.8%	+13.5%	+43.8%	-9.5%
PE Ratio	Sep 4, 26	13.06	+19.5%	+27.3%	+87.4%	+13.7%
Quarterly Revenue	Jun 30, 26	$34.25B	-0.5%	-0.7%	+5.1%	+1.4%
Quarterly Operating Profit	Jun 30, 26	$7.18B	-15.6%	-12.2%	-3.7%	-12.1%
Quarterly Gross Margin	Jun 30, 26	47.18%	+2.4%	+1.8%	-0.6%	+2.9%
Quarterly Net Margin	Jun 30, 26	11.53%	-22.8%	-22.3%	-21.1%	-34.6%

Quarterly Operating Margin Highs

VZ Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	24.69%	Mar 31, 26	-10.4%
3Y	24.69%	Mar 31, 26	-10.4%
5Y	25.22%	Sep 30, 21	-12.3%
All	38.83%	Dec 31, 13	-43.0%

Quarterly Operating Margin Lows

VZ Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	20.18%	Dec 31, 25	+9.6%
3Y	18.33%	Dec 31, 23	+20.7%
5Y	18.33%	Dec 31, 23	+20.7%
All	-226.65%	Dec 31, 89	+109.8%

Quarterly Operating Margin History

Month	Value	Change
Jun 2026	22.12%	-10.4%
Mar 2026	24.69%	+22.3%
Dec 2025	20.18%	-16.3%
Sep 2025	24.12%	+1.9%
Jun 2025	23.68%	-0.6%
Mar 2025	23.83%	+14.6%
Dec 2024	20.80%	-11.6%
Sep 2024	23.53%	-1.3%
Jun 2024	23.84%	+3.1%
Mar 2024	23.13%	+26.2%
Dec 2023	18.33%	-19.5%
Sep 2023	22.76%	-0.5%
Jun 2023	22.88%	-0.7%
Mar 2023	23.04%	+12.4%
Dec 2022	20.50%	-11.1%
Sep 2022	23.05%	+3.1%
Jun 2022	22.35%	-3.8%
Mar 2022	23.23%	+4.0%
Dec 2021	22.33%	-11.5%
Sep 2021	25.22%	+4.3%
Jun 2021	24.18%	-0.6%
Mar 2021	24.32%	+19.6%
Dec 2020	20.33%	-16.5%
Sep 2020	24.34%	+0.7%
Jun 2020	24.18%	-1.7%
Mar 2020	24.59%	+21.7%
Dec 2019	20.21%	-21.2%
Sep 2019	25.66%	+4.8%
Jun 2019	24.48%	+2.0%
Mar 2019	23.99%	+13.7%
Dec 2018	21.10%	-11.9%
Sep 2018	23.94%	-2.0%
Jun 2018	24.44%	+4.2%
Mar 2018	23.46%	+54.3%
Dec 2017	15.20%	-32.6%
Sep 2017	22.56%	-4.4%
Jun 2017	23.61%	+1.1%
Mar 2017	23.35%	-5.9%
Dec 2016	24.81%	+17.4%
Sep 2016	21.14%	+81.9%
Jun 2016	11.62%	-52.1%
Mar 2016	24.25%	-12.5%
Dec 2015	27.70%	+21.9%
Sep 2015	22.72%	-6.4%
Jun 2015	24.27%	-2.5%
Mar 2015	24.89%	+486.5%
Dec 2014	-6.44%	-129.5%
Sep 2014	21.81%	-1.6%
Jun 2014	22.16%	-4.6%
Mar 2014	23.23%	-40.2%
Dec 2013	38.83%	+71.7%
Sep 2013	22.62%	+2.8%
Jun 2013	22.01%	+4.1%
Mar 2013	21.15%	+300.5%
Dec 2012	-10.55%	-152.2%
Sep 2012	20.23%	+2.2%
Jun 2012	19.79%	+7.6%
Mar 2012	18.39%	+15.9%
Dec 2011	15.87%	-11.0%
Sep 2011	17.83%	+0.3%
Jun 2011	17.77%	+7.7%
Mar 2011	16.50%	-6.5%
Dec 2010	17.64%	-3.6%
Sep 2010	18.30%	+3.4%
Jun 2010	17.69%	+0.5%
Mar 2010	17.60%	+3.9%
Dec 2009	16.94%	-6.4%
Sep 2009	18.10%	-3.1%
Jun 2009	18.67%	+0.5%
Mar 2009	18.58%	+0.1%
Dec 2008	18.57%	+2.4%
Sep 2008	18.13%	-4.5%
Jun 2008	18.99%	+1.4%
Mar 2008	18.73%	+3.3%
Dec 2007	18.14%	+0.3%
Sep 2007	18.09%	+0.8%

Month	Value	Change
Jun 2007	17.94%	+6.3%
Mar 2007	16.87%	+36.9%
Dec 2006	12.32%	-21.8%
Sep 2006	15.75%	-5.2%
Jun 2006	16.62%	+7.7%
Mar 2006	15.43%	-19.6%
Dec 2005	19.18%	+0.5%
Sep 2005	19.08%	-0.3%
Jun 2005	19.14%	+2.9%
Mar 2005	18.60%	-2.3%
Dec 2004	19.03%	-4.6%
Sep 2004	19.94%	-4.6%
Jun 2004	20.90%	+11.1%
Mar 2004	18.81%	+14.2%
Dec 2003	16.47%	-11.5%
Sep 2003	18.62%	+14.8%
Jun 2003	16.22%	-24.6%
Mar 2003	21.50%	+32.9%
Dec 2002	16.18%	-20.3%
Sep 2002	20.29%	-13.4%
Jun 2002	23.43%	+16.6%
Mar 2002	20.10%	-21.0%
Dec 2001	25.44%	+17.7%
Sep 2001	21.62%	-3.7%
Jun 2001	22.45%	+1.2%
Mar 2001	22.18%	+10.8%
Dec 2000	20.02%	-10.9%
Sep 2000	22.46%	+74.9%
Jun 2000	12.84%	-50.3%
Mar 2000	25.84%	+3.4%
Dec 1999	25.00%	-2.0%
Sep 1999	25.51%	-1.4%
Jun 1999	25.88%	-0.8%
Mar 1999	26.08%	+2,037.7%
Dec 1998	1.22%	-96.2%
Sep 1998	32.05%	+25.0%
Jun 1998	25.64%	+14.6%
Mar 1998	22.38%	+6.7%
Dec 1997	20.98%	+267.4%
Sep 1997	5.71%	-76.2%
Jun 1997	23.97%	+21.9%
Mar 1997	19.67%	-0.7%
Dec 1996	19.80%	-12.4%
Sep 1996	22.60%	-3.2%
Jun 1996	23.34%	-7.4%
Mar 1996	25.20%	+47.1%
Dec 1995	17.13%	-22.3%
Sep 1995	22.06%	-6.7%
Jun 1995	23.65%	-1.9%
Mar 1995	24.10%	+30.3%
Dec 1994	18.49%	+6.9%
Sep 1994	17.30%	-26.4%
Jun 1994	23.50%	+5.9%
Mar 1994	22.20%	+21.3%
Dec 1993	18.30%	-16.5%
Sep 1993	21.91%	-6.2%
Jun 1993	23.36%	+3.0%
Mar 1993	22.68%	+42.5%
Dec 1992	15.92%	-24.5%
Sep 1992	21.10%	+2.2%
Jun 1992	20.64%	-6.9%
Mar 1992	22.16%	+39.3%
Dec 1991	15.91%	-23.7%
Sep 1991	20.86%	-8.2%
Jun 1991	22.72%	-0.6%
Mar 1991	22.85%	+22.8%
Dec 1990	18.61%	-15.6%
Sep 1990	22.04%	-1.2%
Jun 1990	22.31%	+1.6%
Mar 1990	21.95%	+109.7%
Dec 1989	-226.65%	-7.1%
Dec 1988	-211.57%	-3.0%
Dec 1987	-205.47%	-10.2%
Dec 1986	-186.51%	+2.1%
Dec 1985	-190.54%	-3.2%
Dec 1984	-184.62%	-

FAQ

What is the current quarterly operating margin of VZ?: As of today, VZ quarterly operating margin is 22.12%
What is VZ quarterly operating margin most recent change?: VZ quarterly operating margin was down -10.41% on June 30, 2026
What is 1-year change in VZ quarterly operating margin?: VZ quarterly operating margin is down -6.59% year-over-year
How far is VZ quarterly operating margin from its all-time high?: VZ quarterly operating margin is currently -43.03% below its historical high of 38.83% set on December 31, 2013
How does VZ quarterly operating margin rank versus sector peers?: VZ quarterly operating margin is higher than 85.42% of companies in Communication Services sector
When is VZ next earnings release?: The next earnings release for VZ is on October 20, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

VZ Official Website www.verizon.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/732712/000073271226000003/0000732712-26-000003-index.htm
VZ Profile on Yahoo Finance finance.yahoo.com/quote/VZ
VZ Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/vz