Verizon Communications annual free cash flow
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Verizon Communications Free Cash Flow (FCF) History (VZ)
Verizon Communications reported $20.13B in free cash flow for fiscal 2025, an increase of 1.53% from the previous fiscal year, with a free cash flow margin of 14.56%.
View full Verizon Communications company overviewVerizon Communications free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $20.13B | $304.0M | +1.53% | +14.56% |
| 2024 | 2024-12-31 | $19.82B | $1.11B | +5.95% | +14.71% |
| 2023 | 2023-12-31 | $18.71B | $4.65B | +33.12% | +13.96% |
| 2022 | 2022-12-31 | $14.05B | −$5.20B | −27.00% | +10.27% |
| 2021 | 2021-12-31 | $19.25B | −$4.32B | −18.34% | +14.41% |
| 2020 | 2020-12-31 | $23.58B | $5.77B | +32.40% | +18.38% |
| 2019 | 2019-12-31 | $17.81B | $126.0M | +0.71% | +13.50% |
| 2018 | 2018-12-31 | $17.68B | $10.61B | +150.05% | +13.51% |
| 2017 | 2017-12-31 | $7.07B | $2.44B | +52.72% | +5.61% |
| 2016 | 2016-12-31 | $4.63B | −$16.62B | −78.21% | +3.68% |
| 2015 | 2015-12-31 | $21.25B | $7.81B | +58.13% | +16.15% |
| 2014 | 2014-12-31 | $13.44B | −$8.77B | −39.50% | +10.58% |
| 2013 | 2013-12-31 | $22.21B | $6.90B | +45.09% | +18.43% |
| 2012 | 2012-12-31 | $15.31B | $1.77B | +13.11% | +13.22% |
| 2011 | 2011-12-31 | $13.54B | −$3.37B | −19.93% | +12.21% |
| 2010 | 2010-12-31 | $16.91B | $2.39B | +16.44% | +15.86% |
| 2009 | 2009-12-31 | $14.52B | $4.20B | +40.69% | +13.47% |
| 2008 | 2008-12-31 | $10.32B | $1.02B | +10.95% | +10.60% |
| 2007 | 2007-12-31 | $9.30B | — | — | +9.95% |
Verizon Communications quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.43B | $1.26B | +24.37% | +18.76% |
| Q1 2026 | 2026-03-31 | $3.78B | $146.0M | +4.01% | +10.98% |
| Q4 2025 | 2025-12-31 | $4.37B | −$995.0M | −18.56% | +12.00% |
| Q3 2025 | 2025-09-30 | $6.96B | $993.0M | +16.65% | +20.57% |
| Q2 2025 | 2025-06-30 | $5.17B | −$623.0M | −10.76% | +14.98% |
| Q1 2025 | 2025-03-31 | $3.64B | $929.0M | +34.31% | +10.86% |
| Q4 2024 | 2024-12-31 | $5.36B | $1.29B | +31.59% | +15.02% |
| Q3 2024 | 2024-09-30 | $5.96B | −$721.0M | −10.79% | +17.89% |
| Q2 2024 | 2024-06-30 | $5.79B | $171.0M | +3.04% | +17.65% |
| Q1 2024 | 2024-03-31 | $2.71B | $377.0M | +16.17% | +8.21% |
| Q4 2023 | 2023-12-31 | $4.07B | $2.41B | +144.54% | +11.60% |
| Q3 2023 | 2023-09-30 | $6.68B | $1.47B | +28.19% | +20.05% |
| Q2 2023 | 2023-06-30 | $5.62B | −$555.0M | −8.99% | +17.24% |
| Q1 2023 | 2023-03-31 | $2.33B | $1.33B | +133.10% | +7.08% |
| Q4 2022 | 2022-12-31 | $1.67B | −$286.0M | −14.65% | +4.73% |
| Q3 2022 | 2022-09-30 | $5.21B | −$365.0M | −6.54% | +15.23% |
| Q2 2022 | 2022-06-30 | $6.17B | −$348.0M | −5.34% | +18.27% |
| Q1 2022 | 2022-03-31 | $1.00B | −$4.20B | −80.77% | +2.98% |
| Q4 2021 | 2021-12-31 | $1.95B | −$3.32B | −62.97% | +5.73% |
| Q3 2021 | 2021-09-30 | $5.58B | $977.0M | +21.23% | +16.95% |
| Q2 2021 | 2021-06-30 | $6.52B | −$3.63B | −35.76% | +19.32% |
| Q1 2021 | 2021-03-31 | $5.20B | $1.65B | +46.48% | +15.82% |
| Q4 2020 | 2020-12-31 | $5.27B | $1.88B | +55.47% | +15.20% |
| Q3 2020 | 2020-09-30 | $4.60B | −$1.95B | −29.71% | +14.59% |
| Q2 2020 | 2020-06-30 | $10.15B | $5.10B | +100.79% | +33.34% |
| Q1 2020 | 2020-03-31 | $3.55B | $737.0M | +26.20% | +11.23% |
| Q4 2019 | 2019-12-31 | $3.39B | −$72.0M | −2.08% | +9.75% |
| Q3 2019 | 2019-09-30 | $6.55B | $924.0M | +16.43% | +19.90% |
| Q2 2019 | 2019-06-30 | $5.06B | −$1.44B | −22.20% | +15.77% |
| Q1 2019 | 2019-03-31 | $2.81B | $717.0M | +34.21% | +8.76% |
| Q4 2018 | 2018-12-31 | $3.46B | $1.58B | +84.40% | +10.10% |
| Q3 2018 | 2018-09-30 | $5.62B | $2.73B | +94.03% | +17.24% |
| Q2 2018 | 2018-06-30 | $6.50B | $2.51B | +63.05% | +20.18% |
| Q1 2018 | 2018-03-31 | $2.10B | $3.79B | — | +6.60% |
| Q4 2017 | 2017-12-31 | $1.88B | $3.57B | — | +5.53% |
| Q3 2017 | 2017-09-30 | $2.90B | $2.21B | +319.39% | +9.14% |
| Q2 2017 | 2017-06-30 | $3.99B | $2.46B | +161.38% | +13.05% |
| Q1 2017 | 2017-03-31 | −$1.69B | −$5.80B | — | −5.67% |
| Q4 2016 | 2016-12-31 | −$1.70B | −$7.06B | — | −5.24% |
| Q3 2016 | 2016-09-30 | $691.0M | −$4.44B | −86.54% | +2.23% |
| Q2 2016 | 2016-06-30 | $1.52B | −$2.72B | −64.11% | +4.99% |
| Q1 2016 | 2016-03-31 | $4.11B | −$2.39B | −36.81% | +12.78% |
| Q4 2015 | 2015-12-31 | $5.37B | $2.46B | +84.59% | +15.67% |
| Q3 2015 | 2015-09-30 | $5.13B | $910.0M | +21.55% | +15.48% |
| Q2 2015 | 2015-06-30 | $4.25B | $928.0M | +27.94% | +13.19% |
| Q1 2015 | 2015-03-31 | $6.50B | $3.52B | +117.60% | +20.34% |
| Q4 2014 | 2014-12-31 | $2.91B | −$2.73B | −48.40% | +8.76% |
| Q3 2014 | 2014-09-30 | $4.22B | −$2.83B | −40.08% | +13.37% |
| Q2 2014 | 2014-06-30 | $3.32B | −$2.28B | −40.73% | +10.55% |
| Q1 2014 | 2014-03-31 | $2.99B | −$940.0M | −23.92% | +9.70% |
| Q4 2013 | 2013-12-31 | $5.63B | $3.77B | +201.61% | +18.14% |
| Q3 2013 | 2013-09-30 | $7.05B | $1.45B | +25.81% | +23.28% |
| Q2 2013 | 2013-06-30 | $5.60B | $154.0M | +2.83% | +18.81% |
| Q1 2013 | 2013-03-31 | $3.93B | $1.54B | +64.26% | +13.35% |
| Q4 2012 | 2012-12-31 | $1.87B | −$2.70B | −59.12% | +6.22% |
| Q3 2012 | 2012-09-30 | $5.60B | $510.0M | +10.02% | +19.31% |
| Q2 2012 | 2012-06-30 | $5.45B | $2.25B | +70.17% | +19.08% |
| Q1 2012 | 2012-03-31 | $2.39B | $1.72B | +255.95% | +8.47% |
| Q4 2011 | 2011-12-31 | $4.57B | $1.03B | +29.28% | +16.07% |
| Q3 2011 | 2011-09-30 | $5.09B | $910.0M | +21.76% | +18.24% |
| Q2 2011 | 2011-06-30 | $3.20B | −$2.33B | −42.07% | +11.63% |
| Q1 2011 | 2011-03-31 | $672.0M | −$2.99B | −81.64% | +2.49% |
| Q4 2010 | 2010-12-31 | $3.54B | −$315.0M | −8.18% | +13.39% |
| Q3 2010 | 2010-09-30 | $4.18B | −$443.0M | −9.58% | +15.79% |
| Q2 2010 | 2010-06-30 | $5.53B | $2.40B | +76.69% | +20.64% |
| Q1 2010 | 2010-03-31 | $3.66B | $746.0M | +25.59% | +13.60% |
| Q4 2009 | 2009-12-31 | $3.85B | $729.0M | +23.36% | +14.21% |
| Q3 2009 | 2009-09-30 | $4.63B | — | — | +16.96% |
| Q2 2009 | 2009-06-30 | $3.13B | — | — | +11.65% |
| Q1 2009 | 2009-03-31 | $2.92B | — | — | +10.96% |
| Q3 2008 | 2008-09-30 | $3.12B | — | — | +12.61% |
Verizon Communications free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $23.58B to $20.13B, a compound annual decline of 3.11%. Verizon Communications's latest reported quarter, Q2 2026, generated $6.43B in free cash flow, an increase of 24.37% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Verizon Communications filings at SEC.gov ↗