In fiscal year 2025 Verizon Communications reported $138B in revenue against AT&T's $126B, 1.10× as much.
| Measure | T | VZ | Gap |
|---|---|---|---|
| Revenue | $126B | $138B | ×1.10 |
| Cost of revenue | $60.6B | $49.9B | ×1.21 |
| Operating income | $24.2B | $29.3B | ×1.21 |
| Net income | $22.0B | $17.6B | ×1.25 |
| EPS (diluted) | 3.04 | 4.06 | ×1.34 |
| Total assets | $420B | $404B | ×1.04 |
| Total liabilities | $294B | $299B | ×1.02 |
| Shareholders' equity | $126B | $106B | ×1.20 |
| Cash | $18.2B | $19.0B | ×1.04 |
| Long-term debt | $135B | $140B | ×1.04 |
| Shares outstanding | 7.0B | 4.2B | ×1.66 |
| Net margin | 17.5% | 12.7% | ×1.37 |
| Operating margin | 19.2% | 21.2% | ×1.10 |
| Operating cash flow | $40.3B | $37.1B | ×1.08 |
| Capital expenditure | $20.8B | $16.7B | ×1.25 |
| Free cash flow | $19.4B | $20.5B | ×1.05 |
| Dividends paid | $8.2B | $11.5B | ×1.40 |
| Income tax expense | $3.6B | $5.1B | ×1.40 |
| Share buybacks | $4.5B | $0 | — |
The larger of the two figures is in bold. Larger is not automatically better: on debt, cost and tax a bigger number is simply a bigger number. This site reports the figures and leaves the judgement to you.
Revenue, year by year
AT&T · 2011–2025
Verizon Communications · 2011–2025
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=AT&T vs Verizon Communications |url=https://companiesranked.com/en/compare/at-and-t-vs-verizon-communications |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). AT&T vs Verizon Communications. CompaniesRanked. https://companiesranked.com/en/compare/at-and-t-vs-verizon-communicationsBibTeX
@misc{companiesranked-en-compare-at-and-t-vs-verizon-communications-2026,
author = {{CompaniesRanked}},
title = {{AT\&T vs Verizon Communications}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/compare/at-and-t-vs-verizon-communications}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.