{"id":22733,"date":"2026-07-06T12:22:17","date_gmt":"2026-07-06T12:22:17","guid":{"rendered":"https:\/\/www.quantumrun.com\/consulting\/?p=22733"},"modified":"2026-07-06T12:23:14","modified_gmt":"2026-07-06T12:23:14","slug":"who-owns-verizon","status":"publish","type":"post","link":"https:\/\/www.quantumrun.com\/consulting\/who-owns-verizon\/","title":{"rendered":"Who Owns Verizon?"},"content":{"rendered":"\n<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\n<link rel=\"preconnect\" href=\"https:\/\/fonts.gstatic.com\" crossorigin>\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Fraunces:opsz,wght@9..144,500;9..144,600;9..144,700&#038;family=Inter:wght@400;500;600&#038;display=swap\" rel=\"stylesheet\">\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js@4.4.0\/dist\/chart.umd.min.js\"><\/script>\n\n<style>\n.vz-article a{color:#b8332a;text-decoration:none;border-bottom:1px solid rgba(184,51,42,0.3)}\n.vz-article a:hover{border-bottom-color:#b8332a}\n.vz-stats{background:#f5f0e8;border-radius:6px;padding:22px 26px;margin:20px 0 28px;border-left:3px solid #b8332a}\n.vz-stats h4{margin-top:0;color:#0a1733}\n.vz-stats ul{margin:0;padding-left:18px}\n.vz-stats li{margin:6px 0;font-size:15.5px}\n.vz-chart-wrap{margin:24px 0 32px;padding:20px;border:1px solid #e6e2d8;border-radius:6px}\n.vz-chart-wrap h4{margin-top:0;margin-bottom:14px}\n.vz-chart-box{position:relative;width:100%;height:340px}\n@media (max-width:600px){.vz-chart-box{height:300px}}\n.vz-cards{display:grid;grid-template-columns:repeat(auto-fit,minmax(240px,1fr));gap:16px;margin:18px 0 24px}\n.vz-card{border:1px solid #e6e2d8;border-radius:6px;padding:18px 20px;background:#fafaf7}\n.vz-card h4{margin:0 0 10px;color:#0a1733;font-size:15px;letter-spacing:0.04em}\n.vz-card ul{margin:0;padding-left:16px;font-size:14.5px}\n.vz-card li{margin:4px 0;line-height:1.5}\n.vz-timeline{position:relative;padding-left:28px;margin:18px 0 24px}\n.vz-timeline::before{content:\"\";position:absolute;left:8px;top:6px;bottom:6px;width:2px;background:#d9d3c4}\n.vz-tl-item{position:relative;padding:6px 0 14px 14px}\n.vz-tl-item::before{content:\"\";position:absolute;left:-24px;top:11px;width:10px;height:10px;border-radius:50%;background:#b8332a;border:2px solid #fff;box-shadow:0 0 0 2px #d9d3c4}\n.vz-tl-item .year{font-family:'Fraunces',serif;font-weight:600;color:#b8332a;font-size:14px;letter-spacing:0.05em}\n.vz-tl-item p{margin:2px 0 0;font-size:15px}\n.vz-faq{margin:20px 0}\n.vz-faq details{border:1px solid #e6e2d8;border-radius:6px;margin-bottom:10px;background:#fafaf7;transition:background 0.2s}\n.vz-faq details:hover{background:#f5f0e8}\n.vz-faq summary{padding:14px 20px;cursor:pointer;color:#0a1733;list-style:none;position:relative;padding-right:48px}\n.vz-faq summary::-webkit-details-marker{display:none}\n.vz-faq summary::after{content:\"+\";position:absolute;right:20px;top:50%;transform:translateY(-50%);font-size:22px;color:#b8332a;font-weight:400;transition:transform 0.25s}\n.vz-faq details[open] summary::after{content:\"\u2212\"}\n.vz-faq details p{margin:0;padding:0 20px 16px;font-size:15px;color:#3c4862;line-height:1.6}\n@media (max-width:600px){\n}\n<\/style>\n\n<div class=\"vz-article\">\n\n<p>Verizon Communications is a publicly listed company on the NYSE under ticker VZ, with no controlling shareholder. Shares are spread across institutional asset managers and retail investors. In 2025 Verizon reported $138.2 billion in revenue and served 146.8 million wireless customers across the United States.<\/p>\n\n<div class=\"vz-stats\">\n<h4>Key Statistics<\/h4>\n<ul>\n<li>Verizon recorded a market capitalization near $191.4 billion in June 2026, per CNBC data.<\/li>\n<li>Institutional investors hold approximately 62 to 66 percent of outstanding shares, according to public filings.<\/li>\n<li>Vanguard Group is the largest single shareholder with about 8.9 percent of common stock.<\/li>\n<li>Verizon closed its $20 billion acquisition of Frontier Communications in January 2026.<\/li>\n<li>The 2025 annual dividend reached $2.83 per share, yielding close to 6 percent.<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-chart-wrap\">\n<h4>Verizon Ownership Breakdown (2026)<\/h4>\n<div class=\"vz-chart-box\"><canvas id=\"vzOwnership\"><\/canvas><\/div>\n<\/div>\n\n<h2>Who Owns Verizon?<\/h2>\n\n<p>Verizon Communications has a widely dispersed shareholder base with no single controlling owner. Institutional asset managers hold the majority of the float, while retail investors hold roughly a third.<\/p>\n\n<p>Vanguard, BlackRock, and State Street together own more than 22 percent of outstanding shares. Insider ownership sits below 1 percent. The Board of Directors is chaired by Mark Bertolini, and Dan Schulman has served as CEO since October 2025.<\/p>\n\n<h3>Verizon Origin, Founders and Early Years<\/h3>\n\n<p>Verizon was incorporated on June 30, 2000 through the merger of Bell Atlantic and GTE. Final FCC approval cleared the deal earlier that year. Ivan Seidenberg of Bell Atlantic and Charles Lee of GTE led the consolidation.<\/p>\n\n<p>GTE shareholders received 1.22 Bell Atlantic shares for every GTE share, producing a fragmented public ownership base from day one. The Verizon Wireless joint venture originally split ownership 55 percent Verizon and 45 percent Vodafone, a structure that placed Verizon among the top three <a href=\"https:\/\/www.quantumrun.com\/company_profile\/future-of-centurylink\/15964\">US telecommunications carriers<\/a> by lines served.<\/p>\n\n<h3>Largest Shareholders of Verizon<\/h3>\n\n<div class=\"vz-cards\">\n\n<div class=\"vz-card\">\n<h4>Vanguard Group<\/h4>\n<ul>\n<li>About 8.9% of outstanding shares<\/li>\n<li>Approximately 373.9 million shares held<\/li>\n<li>Stake valued near $16.4 billion in 2025<\/li>\n<li>Largest single shareholder<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>BlackRock<\/h4>\n<ul>\n<li>Roughly 8.6% of common stock<\/li>\n<li>About 368 million shares held<\/li>\n<li>Position worth $17.2 billion at recent prices<\/li>\n<li>Second largest holder<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>State Street<\/h4>\n<ul>\n<li>Approximately 4.5% of shares outstanding<\/li>\n<li>Index-driven institutional position<\/li>\n<li>Third largest reported holder<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Charles Schwab Investment Management<\/h4>\n<ul>\n<li>Top 10 institutional holder<\/li>\n<li>Holds VZ across passive index funds<\/li>\n<li>Increased stake in early 2025<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Geode Capital Management<\/h4>\n<ul>\n<li>Manages Fidelity index allocations<\/li>\n<li>Among top 10 reported holders<\/li>\n<li>Significant ETF-backed position<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Retail Shareholders<\/h4>\n<ul>\n<li>About 33% of outstanding float<\/li>\n<li>Attracted by 6% dividend yield<\/li>\n<li>Includes income-focused individual investors<\/li>\n<\/ul>\n<\/div>\n\n<\/div>\n\n<h3>Who Is on the Board of Directors for Verizon?<\/h3>\n\n<h4>Leadership and Strategy<\/h4>\n<div class=\"vz-timeline\">\n<div class=\"vz-tl-item\">\n<span class=\"year\">2018<\/span>\n<p>Hans Vestberg appointed CEO; Dan Schulman joined the Board of Directors after his PayPal tenure.<\/p>\n<\/div>\n<div class=\"vz-tl-item\">\n<span class=\"year\">2019<\/span>\n<p>Vestberg added Chairman role, leading the company&#8217;s 5G network strategy and capital plan.<\/p>\n<\/div>\n<div class=\"vz-tl-item\">\n<span class=\"year\">2024<\/span>\n<p>Dan Schulman elected Lead Independent Director in December.<\/p>\n<\/div>\n<div class=\"vz-tl-item\">\n<span class=\"year\">2025<\/span>\n<p>Mark Bertolini elected Chairman; Schulman appointed CEO on October 6. Vestberg stayed as Special Advisor through October 4, 2026.<\/p>\n<\/div>\n<\/div>\n\n<h4>Finance and Capital Markets<\/h4>\n<div class=\"vz-timeline\">\n<div class=\"vz-tl-item\">\n<span class=\"year\">Audit Chair<\/span>\n<p>Roxanne S. Austin leads the Audit Committee, drawing on prior CFO experience at DirecTV.<\/p>\n<\/div>\n<div class=\"vz-tl-item\">\n<span class=\"year\">Finance Expertise<\/span>\n<p>Clarence Otis Jr., former CEO of Darden Restaurants, contributes financial reporting oversight.<\/p>\n<\/div>\n<\/div>\n\n<h4>Technology and Operations<\/h4>\n<div class=\"vz-timeline\">\n<div class=\"vz-tl-item\">\n<span class=\"year\">Telecom<\/span>\n<p>Vittorio Colao, former Vodafone Group CEO, brings global wireless operations experience.<\/p>\n<\/div>\n<div class=\"vz-tl-item\">\n<span class=\"year\">Logistics<\/span>\n<p>Carol B. Tom\u00e9, CEO of UPS, contributes supply chain and operational discipline.<\/p>\n<\/div>\n<\/div>\n\n<h4>Consumer and Marketing<\/h4>\n<div class=\"vz-timeline\">\n<div class=\"vz-tl-item\">\n<span class=\"year\">Consumer Brands<\/span>\n<p>Laxman Narasimhan, former Starbucks CEO, contributes global consumer leadership.<\/p>\n<\/div>\n<div class=\"vz-tl-item\">\n<span class=\"year\">Marketing<\/span>\n<p>Melanie L. Healey, former Procter &amp; Gamble Group President, brings retail and brand expertise.<\/p>\n<\/div>\n<\/div>\n\n<h2>Verizon Products and Services<\/h2>\n\n<div class=\"vz-cards\">\n\n<div class=\"vz-card\">\n<h4>Verizon Wireless<\/h4>\n<ul>\n<li>Largest US wireless carrier by subscribers<\/li>\n<li>146.8 million subscribers as of March 2026<\/li>\n<li>5G Ultra Wideband network across major metros<\/li>\n<li>LTE coverage spans 2.68 million square miles<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Fios Fiber<\/h4>\n<ul>\n<li>Symmetrical fiber-optic internet<\/li>\n<li>Speeds up to 2 Gbps in select areas<\/li>\n<li>Available in 9 states and Washington DC<\/li>\n<li>Top customer-satisfaction ranking per J.D. Power<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>5G Home Internet<\/h4>\n<ul>\n<li>Fixed Wireless Access broadband service<\/li>\n<li>4.2 million subscribers reached by Q3 2024<\/li>\n<li>Target of 8 to 9 million subscribers by 2028<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Verizon Business<\/h4>\n<ul>\n<li>Enterprise networking and managed services<\/li>\n<li>IoT, security, and cloud connectivity<\/li>\n<li>Serves Fortune 500 and government clients worldwide<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Visible<\/h4>\n<ul>\n<li>All-digital prepaid MVNO launched in 2018<\/li>\n<li>Unlimited plans on the Verizon network<\/li>\n<li>J.D. Power purchase experience award in 2024<\/li>\n<\/ul>\n<\/div>\n\n<div class=\"vz-card\">\n<h4>Verizon Value Brands<\/h4>\n<ul>\n<li>Includes TracFone, Total Wireless, Straight Talk<\/li>\n<li>Prepaid and budget-tier wireless services<\/li>\n<li>Acquired through the 2021 TracFone deal<\/li>\n<\/ul>\n<\/div>\n\n<\/div>\n\n<h2>How Did Verizon Get Its Name?<\/h2>\n\n<p>The name Verizon combines two roots. &#8220;Veri&#8221; comes from the Latin word veritas, meaning truth. &#8220;Horizon&#8221; suggests reach and forward direction. The combination is intended to convey reliability paired with technological progress.<\/p>\n\n<p>Naming agency Landor Associates created the brand at the time of the 2000 Bell Atlantic and GTE merger. The new name needed to feel modern and distinct from either predecessor company.<\/p>\n\n<p>The Verizon logo was redesigned in 2015 by Pentagram, with a flat checkmark replacing the older red swoosh. Verizon Communications is the public corporate name; the wireless arm operated as Verizon Wireless until the 2019 restructuring folded it into Verizon Consumer and Verizon Business. Industry analysts at <a href=\"https:\/\/www.quantumrun.com\/future-timeline\/2026\/future-timeline-subpost-technology\">technology trend forecasts for 2026<\/a> continue to track the brand&#8217;s evolution.<\/p>\n\n<h2>Verizon Mission Statement<\/h2>\n\n<p>Verizon&#8217;s stated mission is to build the networks that move the world forward. The company describes its purpose as creating the digital connectivity that lets people, businesses, and society prosper.<\/p>\n\n<p>The four corporate values are integrity, respect, performance excellence, and accountability. These appear in annual reports and shareholder letters dating back to the early 2000s.<\/p>\n\n<p>Under CEO Dan Schulman, Verizon has reinforced three operating priorities: market share growth across all segments, lower cost to serve, and disciplined capital allocation. These goals tie to long-term shareholder returns and continued investment in fiber, 5G, and fixed wireless coverage, in line with broader <a href=\"https:\/\/www.quantumrun.com\/future-timeline\/2030\/future-timeline-subpost-technology\">digital infrastructure shifts expected by 2030<\/a>.<\/p>\n\n<div class=\"vz-chart-wrap\">\n<h4>Verizon Revenue and Subscriber Growth (2021 to 2025)<\/h4>\n<div class=\"vz-chart-box\"><canvas id=\"vzRevenue\"><\/canvas><\/div>\n<\/div>\n\n<h2>FAQ<\/h2>\n\n<div class=\"vz-faq\">\n\n<details>\n<summary>What is the net worth of Verizon?<\/summary>\n<p>Verizon Communications had a market capitalization near $191 billion in June 2026 according to CNBC. Total assets stood at $404.3 billion at the end of 2025, with net income of $17.6 billion for the year.<\/p>\n<\/details>\n\n<details>\n<summary>When did Verizon come out?<\/summary>\n<p>Verizon Communications was created on June 30, 2000 from the merger of Bell Atlantic and GTE. The combined company began trading under the ticker VZ on the New York Stock Exchange and NASDAQ that same year.<\/p>\n<\/details>\n\n<details>\n<summary>Is Verizon an American company?<\/summary>\n<p>Yes. Verizon Communications is an American telecommunications company headquartered at 1095 Avenue of the Americas in New York City. It is incorporated in Delaware and listed on both the NYSE and NASDAQ under the ticker VZ.<\/p>\n<\/details>\n\n<details>\n<summary>Who owns Verizon?<\/summary>\n<p>No single owner controls Verizon. Institutional investors hold roughly 62 to 66 percent of outstanding shares. Vanguard Group, BlackRock, and State Street are the three largest holders. Retail shareholders own about 33 percent of the float.<\/p>\n<\/details>\n\n<details>\n<summary>Is Verizon still operational?<\/summary>\n<p>Yes. Verizon employed 89,900 people in 2025 and reported $138.2 billion in annual revenue. It is the largest US wireless carrier with 146.8 million subscribers, and the world&#8217;s second largest telecom company by revenue. Future industry shifts are tracked across <a href=\"https:\/\/www.quantumrun.com\/future-timeline\/2027\">predictions for upcoming years<\/a>.<\/p>\n<\/details>\n\n<\/div>\n\n<\/div>\n\n<script>\n(function(){\nfunction init(){\nif(typeof Chart==='undefined'){setTimeout(init,100);return}\nvar palette=['#0a1733','#b8332a','#3c4862','#8a7e63','#c9b88f','#d9d3c4'];\nvar isMobile=window.matchMedia('(max-width:600px)').matches;\nvar c1=document.getElementById('vzOwnership');\nif(c1){\nnew Chart(c1.getContext('2d'),{\ntype:'doughnut',\ndata:{\nlabels:['Vanguard Group (8.9%)','BlackRock (8.6%)','State Street (4.5%)','Other Institutional (42%)','Retail Investors (35.7%)','Insiders 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