VERIZON COMMUNICATIONS INC FY 2025 10-K, explained in plain English

VZ · 10-K for the period ending December 31, 2025, filed February 17, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue	$138.2B
Gross margin	— not reported
Operating income	$29.3B
Net income	$17.2B
Diluted EPS	$4.06
Cash & equivalents	$19.0B
Total assets	$404.3B
Long-term debt	$139.5B

Key takeaway

Revenue grew 2.5% to $138.2B in 2025, led by 3.8% growth in the Consumer segment while Business segment revenue fell 1.6%.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash surged to $19.0B (a $14.9B increase including restricted cash) right before closing the Frontier acquisition in January 2026, suggesting cash was being stockpiled for that deal rather than reflecting improved core liquidity.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for VZ.

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