Verizon Communications Inc (VZ) — Free Cash Flow Generation Index
Verizon Communications Inc (VZ) has a Free Cash Flow Generation Index of 0.47x as of March 2026. Free cash flow of $3.78 Billion represents 0% of operating cash flow ($7.98 Billion). Explore VZ capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Verizon Communications Inc Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Verizon Communications Inc across 37 annual periods. For the full cash flow conversion analysis, see Verizon Communications Inc (VZ) cash conversion ratio.
Annual Free Cash Flow Generation for Verizon Communications Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Verizon Communications Inc. Check Verizon Communications Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.54x | $20.13 Billion | $37.14 Billion | $17.01 Billion | ▲ +5.7% |
| 2024 | 0.51x | $18.92 Billion | $36.91 Billion | $17.99 Billion | ▲ +2.7% |
| 2023 | 0.50x | $18.71 Billion | $37.48 Billion | $18.77 Billion | ▲ +78.3% |
| 2022 | 0.28x | $10.40 Billion | $37.14 Billion | $26.74 Billion | ▼ -42.5% |
| 2021 | 0.49x | $19.25 Billion | $39.54 Billion | $20.29 Billion | ▼ -5.2% |
| 2020 | 0.51x | $21.45 Billion | $41.77 Billion | $20.32 Billion | ▲ +8.6% |
| 2019 | 0.47x | $16.91 Billion | $35.75 Billion | $18.84 Billion | ▼ -0.1% |
| 2018 | 0.47x | $16.25 Billion | $34.34 Billion | $18.09 Billion | ▲ +77.4% |
| 2017 | 0.27x | $6.49 Billion | $24.32 Billion | $17.83 Billion | ▲ +41.3% |
| 2016 | 0.19x | $4.10 Billion | $21.69 Billion | $17.59 Billion | ▼ -65.3% |
| 2015 | 0.54x | $21.25 Billion | $39.03 Billion | $17.77 Billion | ▲ +27.5% |
| 2014 | 0.43x | $13.09 Billion | $30.63 Billion | $17.55 Billion | ▼ -23.3% |
| 2013 | 0.56x | $21.63 Billion | $38.82 Billion | $17.18 Billion | ▲ +54.3% |
| 2012 | 0.36x | $11.38 Billion | $31.49 Billion | $20.11 Billion | ▼ -20.5% |
| 2011 | 0.45x | $13.54 Billion | $29.78 Billion | $16.24 Billion | ▼ -10.3% |
| 2010 | 0.51x | $16.91 Billion | $33.36 Billion | $16.46 Billion | ▲ +10.9% |
| 2009 | 0.46x | $14.34 Billion | $31.39 Billion | $17.05 Billion | ▲ +22.8% |
| 2008 | 0.37x | $10.21 Billion | $27.45 Billion | $17.24 Billion | ▲ +7.4% |
| 2007 | 0.35x | $9.30 Billion | $26.84 Billion | $17.54 Billion | ▲ +19.3% |
| 2006 | 0.29x | $7.00 Billion | $24.11 Billion | $17.10 Billion | ▼ -4.5% |
| 2005 | 0.30x | $6.70 Billion | $22.02 Billion | $15.32 Billion | ▼ -22.3% |
| 2004 | 0.39x | $8.53 Billion | $21.79 Billion | $13.26 Billion | ▼ -16.9% |
| 2003 | 0.47x | $10.58 Billion | $22.47 Billion | $11.88 Billion | ▲ +3.0% |
| 2002 | 0.46x | $10.10 Billion | $22.08 Billion | $11.98 Billion | ▲ +314.3% |
| 2001 | 0.11x | $2.15 Billion | $19.53 Billion | $17.37 Billion | ▲ +196.7% |
| 2000 | -0.11x | $-1.81 Billion | $15.83 Billion | $17.63 Billion | ▼ -124.8% |
| 1999 | 0.46x | $7.84 Billion | $17.02 Billion | $9.18 Billion | ▼ -11.9% |
| 1998 | 0.52x | $8.22 Billion | $15.72 Billion | $7.51 Billion | ▲ +108.4% |
| 1997 | 0.25x | $2.22 Billion | $8.86 Billion | $6.64 Billion | ▼ -64.6% |
| 1996 | 0.71x | $6.23 Billion | $8.78 Billion | $2.55 Billion | ▲ +6.3% |
| 1995 | 0.67x | $5.27 Billion | $7.89 Billion | $2.63 Billion | ▲ +126.7% |
| 1994 | 0.29x | $1.10 Billion | $3.75 Billion | $2.65 Billion | ▼ -27.4% |
| 1993 | 0.41x | $1.72 Billion | $4.23 Billion | $2.52 Billion | ▲ +10.5% |
| 1992 | 0.37x | $1.44 Billion | $3.93 Billion | $2.49 Billion | ▲ +6.3% |
| 1991 | 0.35x | $1.30 Billion | $3.76 Billion | $2.46 Billion | ▲ +20.5% |
| 1990 | 0.29x | $1.01 Billion | $3.54 Billion | $2.52 Billion | ▼ -14.7% |
| 1989 | 0.34x | $1.31 Billion | $3.89 Billion | $2.58 Billion | — |