Verizon Valuation Multiples

Verizon Overview

About Verizon

Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.

Founded

1983

HQ

Employees

89.9K

Website

verizon.com

Sectors

Telecom Service Providers

Financials (LTM)

Revenue: $140B

EBITDA: $51B

EV

$378B

Valuation Multiples

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Verizon Financials

Verizon reported last 12-month revenue of $140B and EBITDA of $51B.

In the same LTM period, Verizon generated $82B in gross profit, $51B in EBITDA, and $20B in net income.

Verizon P&L

In the most recent fiscal year, Verizon reported revenue of $138B and EBITDA of $50B.

Verizon expects next 12-month revenue of XXX and NTM EBITDA of XXX

Verizon Stock Performance

Verizon has current market cap of $216B, and enterprise value of $378B.

Verizon's stock price is $51.18.

Verizon Valuation Multiples

Verizon trades at 2.7x EV/Revenue multiple, and 7.5x EV/EBITDA.

Verizon Financial Valuation Multiples

As of March 29, 2026, Verizon has market cap of $216B and EV of $378B.

Equity research analysts estimate Verizon's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Verizon has a P/E ratio of 10.6x.

Verizon Margins & Growth Rates

Verizon's revenue in the last 12 month grew by 4%.

Verizon's revenue per employee in the last FY averaged $1.5M, while opex per employee averaged $0.6M for the same period.

Verizon's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Verizon's rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Verizon Public Comps

See public comps and valuation multiples for other Telecom Service Providers comps.

Verizon M&A Activity

Verizon acquired XXX companies to date.

Last acquisition by Verizon was on XXXXXXXX, XXXXX. Verizon acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Verizon Investment Activity

Verizon invested in XXX companies to date.

Verizon made its latest investment on XXXXXXXX, XXXXX. Verizon invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).