Verizon Communications (VZ) ROIC: History & Chart

Name: Verizon Communications Inc. (VZ) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

Compare

Verizon Communications Inc.(VZ)

Telecommunications Services · New York City, NY

$50.41+0.00 (+0.00%)

Delayed quote: Sep 8, 2026, 4:00 PM EDT

Compare

About Verizon Communications Inc.

Verizon Communications Inc. operates as a prominent global provider of diverse communication, technology, information, and entertainment solutions, catering to individuals, enterprises, and government entities worldwide through its various divisions. Its Consumer segment focuses on individual customers, supplying a broad spectrum of mobile service options, including both subscription-based (postpaid) and pay-as-you-go (prepaid) plans. This segment also facilitates internet access for portable devices such as laptop computers and tablets, and offers a variety of wireless hardware, ranging from smartphones and traditional mobile handsets to advanced wireless-enabled gadgets like tablets and smartwatches. Additionally, it delivers essential residential fixed connectivity services, which encompass internet, television, and voice communication. Verizon also extends its network capabilities by providing access to mobile virtual network operators. As of December 31, 2021, this segment reported approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment is dedicated to providing enterprise-level solutions. It offers comprehensive network connectivity products, including private networking, private cloud integration, virtual and software-defined networking, and high-speed internet access services. This segment further delivers sophisticated internet protocol-based voice and video communication tools, unified communications and collaboration platforms, and specialized customer contact center solutions. Beyond core connectivity, it provides a suite of managed services and data security offerings. Its extensive portfolio also covers domestic and international voice and data services, such as calling, messaging, conferencing, advanced contact center functionalities, and dedicated private line and data access networks. Moreover, the Business segment furnishes customer premises equipment, along with essential installation, maintenance, and on-site support services, and a wide array of Internet of Things (IoT) products and services. By December 31, 2021, this segment had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. Verizon Communications Inc. was incorporated in 1983 and holds its corporate headquarters in New York, New York. The company, which was originally known as Bell Atlantic Corporation, officially adopted its current name in June 2000.

New York City, NY

89,900 employees

www.verizon.com

Communication Services / Telecommunications Services

Sector: Communication Services
Industry: Telecommunications Services
CEO: Daniel H. Schulman

View full financials

VZ Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

5.84%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

6.45%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

6.48%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

6.77%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

8.20%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

8.20%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

7.44%

CURRENT VS TTM AVG

-9.48%

CURRENT VS 3Y AVG

-9.91%

CURRENT VS 5Y AVG

-13.78%

CURRENT VS 10Y AVG

-28.76%

CURRENT VS 15Y AVG

-28.79%

CURRENT VS 20Y AVG

-21.49%

SECTOR MEDIAN · COMMUNICATION SERVICES

6.70%

median of 31 covered companies

CURRENT VS SECTOR MEDIAN

-12.84%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Verizon Communications Inc. (VZ)	$210.49B	5.84%	6.45%	6.48%	6.77%
T-Mobile US, Inc. (TMUS)vs ›	$194.89B	7.29%	7.22%	5.72%	4.83%
The Walt Disney Company (DIS)vs ›	$182.49B	6.43%	6.74%	4.90%	3.95%
AT&T Inc. (T)vs ›	$175.49B	5.96%	5.40%	3.71%	4.14%
Spotify Technology S.A. (SPOT)vs ›	$108.68B	29.12%	18.19%	2.45%	0.43%
Netflix, Inc. (NFLX)vs ›	$319.67B	24.34%	22.80%	18.12%	16.60%
Comcast Corporation (CMCSA)vs ›	$93.44B	6.12%	7.49%	6.98%	6.56%
DoorDash, Inc. (DASH)vs ›	$87.34B	7.28%	2.50%	-4.58%	-5.91%
Warner Bros. Discovery, Inc. (WBD)vs ›	$70.50B	2.34%	-5.07%	-4.44%	-1.01%
Live Nation Entertainment, Inc. (LYV)vs ›	$39.67B	3.73%	7.85%	7.53%	0.14%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Verizon Communications Inc. (VZ)

$210.49B

5.84%

6.45%

6.48%

6.77%

T-Mobile US, Inc. (TMUS)vs ›

$194.89B

7.29%

7.22%

5.72%

4.83%

The Walt Disney Company (DIS)vs ›

$182.49B

6.43%

6.74%

4.90%

3.95%

AT&T Inc. (T)vs ›

$175.49B

5.96%

5.40%

3.71%

4.14%

Spotify Technology S.A. (SPOT)vs ›

$108.68B

29.12%

18.19%

2.45%

0.43%

Netflix, Inc. (NFLX)vs ›

$319.67B

24.34%

22.80%

18.12%

16.60%

Comcast Corporation (CMCSA)vs ›

$93.44B

6.12%

7.49%

6.98%

6.56%

DoorDash, Inc. (DASH)vs ›

$87.34B

7.28%

2.50%

-4.58%

-5.91%

Warner Bros. Discovery, Inc. (WBD)vs ›

$70.50B

2.34%

-5.07%

-4.44%

-1.01%

Live Nation Entertainment, Inc. (LYV)vs ›

$39.67B

3.73%

7.85%

7.53%

0.14%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The return on invested capital (ROIC) for VZ stock is 5.84%.

Is Verizon Communications Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 5.84% is 14% below its 5-year average of 6.77%, near the low end of its 5-year range (5.84%–7.54%).

What is the TTM average return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The TTM average return on invested capital (ROIC) for VZ stock is 6.45%.

What is the 3Y average return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The 3Y average return on invested capital (ROIC) for VZ stock is 6.48%.

What is the 5Y average return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The 5Y average return on invested capital (ROIC) for VZ stock is 6.77%.

What is the 10Y average return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The 10Y average return on invested capital (ROIC) for VZ stock is 8.20%.

What is the 15Y average return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The 15Y average return on invested capital (ROIC) for VZ stock is 8.20%.

What is the 20Y average return on invested capital (ROIC) for Verizon Communications Inc. (VZ)?

The 20Y average return on invested capital (ROIC) for VZ stock is 7.44%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	5.84%
2026-03-31	6.07%
2025-12-31	6.22%
2025-09-30	7.03%
2025-06-30	7.09%
2025-03-31	7.08%
2024-12-31	7.00%
2024-09-30	6.13%
2024-06-30	6.14%
2024-03-31	6.06%
2023-12-31	6.09%
2023-09-30	6.75%
2023-06-30	6.76%
2023-03-31	6.80%
2022-12-31	6.90%
2022-09-30	7.08%
2022-06-30	7.27%
2022-03-31	7.40%
2021-12-31	7.54%
2021-09-30	7.54%
2021-06-30	7.43%
2021-03-31	7.30%
2020-12-31	8.09%
2020-09-30	9.85%
2020-06-30	10.26%
2020-03-31	10.28%
2019-12-31	10.48%
2019-09-30	10.07%
2019-06-30	9.80%
2019-03-31	9.79%
2018-12-31	10.60%
2018-09-30	11.89%
2018-06-30	11.69%
2018-03-31	11.28%
2017-12-31	11.68%
2017-09-30	8.59%
2017-06-30	8.45%
2017-03-31	7.67%
2016-12-31	8.10%
2016-09-30	8.67%
2016-06-30	9.31%
2016-03-31	9.90%
2015-12-31	9.98%
2015-09-30	6.70%
2015-06-30	6.57%
2015-03-31	6.63%
2014-12-31	7.40%
2014-09-30	12.38%
2014-06-30	13.11%
2014-03-31	13.42%
2013-12-31	10.24%
2013-09-30	6.54%
2013-06-30	7.47%
2013-03-31	6.90%
2012-12-31	6.49%
2012-09-30	6.97%
2012-06-30	6.71%
2012-03-31	6.47%
2011-12-31	6.13%
2011-09-30	7.35%
2011-06-30	6.83%
2011-03-31	4.87%
2010-12-31	4.56%
2010-09-30	3.89%
2010-06-30	3.96%
2010-03-31	5.50%
2009-12-31	6.13%
2009-09-30	7.20%
2009-06-30	7.22%
2009-03-31	7.11%
2008-12-31	7.78%
2008-09-30	7.32%
2008-06-30	7.09%
2008-03-31	7.10%
2007-12-31	6.85%
2007-09-30	6.39%
2007-06-30	6.38%
2007-03-31	5.98%
2006-12-31	5.58%
2006-09-30	6.08%
2006-06-30	6.27%
2006-03-31	6.65%
2005-12-31	7.49%
2005-09-30	7.23%
2005-06-30	7.20%
2005-03-31	7.33%
2004-12-31	6.90%
2004-09-30	4.36%
2004-06-30	4.13%
2004-03-31	3.68%
2003-12-31	4.20%
2003-09-30	6.97%
2003-06-30	8.75%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

5.84%

2026-03-31

6.07%

2025-12-31

6.22%

2025-09-30

7.03%

2025-06-30

7.09%

2025-03-31

7.08%

2024-12-31

7.00%

2024-09-30

6.13%

2024-06-30

6.14%

2024-03-31

6.06%

2023-12-31

6.09%

2023-09-30

6.75%

2023-06-30

6.76%

2023-03-31

6.80%

2022-12-31

6.90%

2022-09-30

7.08%

2022-06-30

7.27%

2022-03-31

7.40%

2021-12-31

7.54%

2021-09-30

7.54%

2021-06-30

7.43%

2021-03-31

7.30%

2020-12-31

8.09%

2020-09-30

9.85%

2020-06-30

10.26%

2020-03-31

10.28%

2019-12-31

10.48%

2019-09-30

10.07%

2019-06-30

9.80%

2019-03-31

9.79%

2018-12-31

10.60%

2018-09-30

11.89%

2018-06-30

11.69%

2018-03-31

11.28%

2017-12-31

11.68%

2017-09-30

8.59%

2017-06-30

8.45%

2017-03-31

7.67%

2016-12-31

8.10%

2016-09-30

8.67%

2016-06-30

9.31%

2016-03-31

9.90%

2015-12-31

9.98%

2015-09-30

6.70%

2015-06-30

6.57%

2015-03-31

6.63%

2014-12-31

7.40%

2014-09-30

12.38%

2014-06-30

13.11%

2014-03-31

13.42%

2013-12-31

10.24%

2013-09-30

6.54%

2013-06-30

7.47%

2013-03-31

6.90%

2012-12-31

6.49%

2012-09-30

6.97%

2012-06-30

6.71%

2012-03-31

6.47%

2011-12-31

6.13%

2011-09-30

7.35%

2011-06-30

6.83%

2011-03-31

4.87%

2010-12-31

4.56%

2010-09-30

3.89%

2010-06-30

3.96%

2010-03-31

5.50%

2009-12-31

6.13%

2009-09-30

7.20%

2009-06-30

7.22%

2009-03-31

7.11%

2008-12-31

7.78%

2008-09-30

7.32%

2008-06-30

7.09%

2008-03-31

7.10%

2007-12-31

6.85%

2007-09-30

6.39%

2007-06-30

6.38%

2007-03-31

5.98%

2006-12-31

5.58%

2006-09-30

6.08%

2006-06-30

6.27%

2006-03-31

6.65%

2005-12-31

7.49%

2005-09-30

7.23%

2005-06-30

7.20%

2005-03-31

7.33%

2004-12-31

6.90%

2004-09-30

4.36%

2004-06-30

4.13%

2004-03-31

3.68%

2003-12-31

4.20%

2003-09-30

6.97%

2003-06-30

8.75%

Return on Invested Capital (ROIC): 5.84%

VZ Return on Invested Capital (ROIC)

VZ Average Return on Invested Capital (ROIC) Chart

VZ Current vs Average Return on Invested Capital (ROIC) Chart

VZ Return on Invested Capital (ROIC) Metrics

VZ Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

VZ Return on Invested Capital (ROIC) History

Related Metrics