Verizon Communications annual debt-to-equity ratio
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Verizon Communications Debt-to-Equity Ratio Growth & History (VZ)
Verizon Communications's debt-to-equity ratio was 1.74 for fiscal 2025.
View full Verizon Communications company overviewVerizon Communications annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.74 | 0.04 | +2.61% |
| 2024 | 2024-12-31 | 1.70 | −0.19 | −10.07% |
| 2023 | 2023-12-31 | 1.89 | −0.04 | −1.99% |
| 2022 | 2022-12-31 | 1.93 | −0.23 | −10.62% |
| 2021 | 2021-12-31 | 2.15 | −0.04 | −1.70% |
| 2020 | 2020-12-31 | 2.19 | 0.06 | +2.58% |
| 2019 | 2019-12-31 | 2.14 | 0.05 | +2.57% |
| 2018 | 2018-12-31 | 2.08 | −0.54 | −20.50% |
| 2017 | 2017-12-31 | 2.62 | −1.88 | −41.73% |
| 2016 | 2016-12-31 | 4.50 | −1.65 | −26.87% |
| 2015 | 2015-12-31 | 6.15 | −2.13 | −25.75% |
| 2014 | 2014-12-31 | 8.28 | 7.30 | +744.40% |
| 2013 | 2013-12-31 | 0.98 | 0.37 | +61.38% |
| 2012 | 2012-12-31 | 0.61 | −0.03 | −5.33% |
| 2011 | 2011-12-31 | 0.64 | 0.03 | +5.69% |
| 2010 | 2010-12-31 | 0.61 | −0.13 | −17.90% |
| 2009 | 2009-12-31 | 0.74 | 0.14 | +24.14% |
| 2008 | 2008-12-31 | 0.60 | — | — |
Verizon Communications quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.58 | 0.17 | +11.86% |
| Q1 2026 | 2026-03-31 | 1.60 | 0.18 | +12.69% |
| Q4 2025 | 2025-12-31 | 1.74 | 0.04 | +2.61% |
| Q3 2025 | 2025-09-30 | 1.41 | −0.15 | −9.44% |
| Q2 2025 | 2025-06-30 | 1.42 | −0.12 | −7.72% |
| Q1 2025 | 2025-03-31 | 1.42 | −0.25 | −14.95% |
| Q4 2024 | 2024-12-31 | 1.70 | −0.19 | −10.07% |
| Q3 2024 | 2024-09-30 | 1.56 | −0.05 | −2.81% |
| Q2 2024 | 2024-06-30 | 1.54 | −0.15 | −9.02% |
| Q1 2024 | 2024-03-31 | 1.67 | −0.09 | −5.25% |
| Q4 2023 | 2023-12-31 | 1.89 | −0.04 | −1.99% |
| Q3 2023 | 2023-09-30 | 1.61 | −0.19 | −10.36% |
| Q2 2023 | 2023-06-30 | 1.69 | −0.18 | −9.40% |
| Q1 2023 | 2023-03-31 | 1.76 | −0.19 | −9.86% |
| Q4 2022 | 2022-12-31 | 1.93 | −0.23 | −10.62% |
| Q3 2022 | 2022-09-30 | 1.79 | −0.38 | −17.52% |
| Q2 2022 | 2022-06-30 | 1.86 | −0.43 | −18.73% |
| Q1 2022 | 2022-03-31 | 1.96 | −0.40 | −16.79% |
| Q4 2021 | 2021-12-31 | 2.15 | −0.04 | −1.70% |
| Q3 2021 | 2021-09-30 | 2.17 | 0.20 | +9.93% |
| Q2 2021 | 2021-06-30 | 2.29 | 0.29 | +14.24% |
| Q1 2021 | 2021-03-31 | 2.35 | 0.28 | +13.31% |
| Q4 2020 | 2020-12-31 | 2.19 | 0.06 | +2.58% |
| Q3 2020 | 2020-09-30 | 1.98 | −0.06 | −3.08% |
| Q2 2020 | 2020-06-30 | 2.01 | −0.17 | −7.89% |
| Q1 2020 | 2020-03-31 | 2.08 | −0.13 | −6.07% |
| Q4 2019 | 2019-12-31 | 2.14 | 0.05 | +2.57% |
| Q3 2019 | 2019-09-30 | 2.04 | 0.02 | +1.23% |
| Q2 2019 | 2019-06-30 | 2.18 | 0.04 | +1.78% |
| Q1 2019 | 2019-03-31 | 2.21 | −0.06 | −2.81% |
| Q4 2018 | 2018-12-31 | 2.08 | −0.54 | −20.50% |
| Q3 2018 | 2018-09-30 | 2.01 | −2.12 | −51.24% |
| Q2 2018 | 2018-06-30 | 2.14 | −2.25 | −51.28% |
| Q1 2018 | 2018-03-31 | 2.27 | −2.38 | −51.14% |
| Q4 2017 | 2017-12-31 | 2.62 | −1.88 | −41.73% |
| Q3 2017 | 2017-09-30 | 4.13 | −0.72 | −14.83% |
| Q2 2017 | 2017-06-30 | 4.39 | −0.42 | −8.63% |
| Q1 2017 | 2017-03-31 | 4.65 | −0.81 | −14.84% |
| Q4 2016 | 2016-12-31 | 4.50 | −1.65 | −26.87% |
| Q3 2016 | 2016-09-30 | 4.85 | −2.88 | −37.23% |
| Q2 2016 | 2016-06-30 | 4.81 | −4.02 | −45.55% |
| Q1 2016 | 2016-03-31 | 5.47 | −5.07 | −48.14% |
| Q4 2015 | 2015-12-31 | 6.15 | −2.13 | −25.75% |
| Q3 2015 | 2015-09-30 | 7.72 | 1.64 | +27.06% |
| Q2 2015 | 2015-06-30 | 8.83 | 1.96 | +28.55% |
| Q1 2015 | 2015-03-31 | 10.54 | 2.61 | +32.98% |
| Q4 2014 | 2014-12-31 | 8.28 | 7.30 | +744.40% |
| Q3 2014 | 2014-09-30 | 6.08 | 4.98 | +453.49% |
| Q2 2014 | 2014-06-30 | 6.87 | 6.30 | +1103.24% |
| Q1 2014 | 2014-03-31 | 7.92 | 7.32 | +1212.63% |
| Q4 2013 | 2013-12-31 | 0.98 | 0.37 | +61.38% |
| Q3 2013 | 2013-09-30 | 1.10 | 0.53 | +92.67% |
| Q2 2013 | 2013-06-30 | 0.57 | −0.01 | −1.47% |
| Q1 2013 | 2013-03-31 | 0.60 | 0.02 | +3.46% |
| Q4 2012 | 2012-12-31 | 0.61 | −0.03 | −5.33% |
| Q3 2012 | 2012-09-30 | 0.57 | −0.06 | −9.16% |
| Q2 2012 | 2012-06-30 | 0.58 | −0.02 | −2.64% |
| Q1 2012 | 2012-03-31 | 0.58 | −0.11 | −15.26% |
| Q4 2011 | 2011-12-31 | 0.64 | 0.03 | +5.69% |
| Q3 2011 | 2011-09-30 | 0.63 | −0.00 | −0.13% |
| Q2 2011 | 2011-06-30 | 0.60 | −0.09 | −12.53% |
| Q1 2011 | 2011-03-31 | 0.69 | 0.05 | +7.12% |
| Q4 2010 | 2010-12-31 | 0.61 | −0.13 | −17.90% |
| Q3 2010 | 2010-09-30 | 0.63 | −0.05 | −7.37% |
| Q2 2010 | 2010-06-30 | 0.68 | −0.04 | −5.25% |
| Q1 2010 | 2010-03-31 | 0.64 | — | — |
| Q4 2009 | 2009-12-31 | 0.74 | 0.14 | +24.32% |
| Q3 2009 | 2009-09-30 | 0.68 | — | — |
| Q2 2009 | 2009-06-30 | 0.72 | — | — |
| Q4 2008 | 2008-12-31 | 0.60 | — | — |
Verizon Communications debt-to-equity ratio trends
Over the last five fiscal years, Verizon Communications's debt-to-equity ratio decreased from 2.19 to 1.74, a change of −0.45. The latest reported quarter, Q2 2026, shows 1.58.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Verizon Communications source filings ↗Community posts
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