While everyone knows about Verizon since it is one of the biggest telecommunications companies in the country, have you been wondering if Verizon is a Fortune 500 company?
Do you want to know where Verizon ranks on the Fortune 500 list and have even more questions? If so, continue reading below to find out what I’ve discovered!
Is Verizon A Fortune 500 Company In 2022?
Verizon is a Fortune 500 company and ranks as the second-biggest telecommunications company according to revenue in the Fortune 500 rankings as of 2022. Additionally, Verizon ranked number 20 overall on the list. Verizon has over 130,000 workers worldwide in over 150 locations and is headquartered in New York City, New York.
Are you looking for additional details about Verizon and want to know when the company first appeared on the Fortune 100 list? Well, don’t stop reading because I’ll tell you more below!
Where Does Verizon Rank In The Fortune 500?
Verizon ranks at the 20th spot overall in the Fortune 500 list, which is one place higher than in 2020 when Verizon was ranked 19.
Furthermore, Verizon earned $133,613 billion in revenue for 2021, which was an increase of 4.15% from 2020 revenue numbers.
Is Verizon A Fortune 100 Company?
Verizon is a Fortune 100 company because it ranked on the list at number 20, which is not great considering competitor AT&T landed at number 11 on the list.
Is Verizon A Fortune 50 Company?
Yes, Verizon is on the Fortune 50 company list, which is just the top 50 companies from the Top 100 list.
That said, Verizon has maintained itself as one of the telecommunications industry leaders.
How Long Has Verizon Been A Fortune 500 Company?
Verizon has been a Fortune 500 company for over 27 years now, as you can see by the Verizon Rank History graph.
Is Verizon A Fortune Global 500 Company?
Verizon is on the Fortune Global 500 list and currently ranks at number 45, which is impressive for a telecommunications company.
However, Verizon was number 44 on the list the year prior, so it did fall ever so slightly on the Fortune Global 500 list.
What Does The Fortune 500 List Mean?
Furthermore, the companies on the list are scored by revenue and other factors such as profit ratios, earnings per share, total returns, and other financial factors.
However, if a company fails to make the list or has fallen drastically on the list, it could be an indicator of coming problems for the company.
For example, this would include incoming problems such as financial losses or management shake-ups within the organization.
Also, the Fortune 500 list is a prestigious honor even if you’re not number one, and it’s been a compilation running every year since 1955.
Is Verizon The Biggest Company In The World?
Verizon is not the biggest company in the world since that goes to Walmart with over $559 billion in revenue for 2021, with Amazon and Apple in second and third places, respectively.
However, Verizon is the second-largest in the telecommunications industry in terms of revenue, only behind AT&T.
Is There A Difference Between Fortune 500 & Global 500?
The difference between the Fortune 500 list and the Global 500 list is that the Fortune 500 looks at corporations’ revenue within the United States.
In contrast, the Global 500 list looks at all of the biggest corporations within the world and ranks them by revenue, and it’s an indicator for economists on the world economic stage.
Is Fortune 500 Only Public Companies?
The Fortune 500 list is not only for public companies but also for private companies, although the revenue used for private companies is based on public information and records.
However, if a private company doesn’t publicly release its financial information, there is no way to put them on the Fortune 500 list.
Is Fortune 100 Only Public Companies?
The Fortune 100 list is also for both public and private companies, and the list comes from the Fortune 500 list, so the revenue information for private companies has already been compiled.
What qualifies a company to be a Fortune 500?
The term Fortune 500 refers to a list of 500 of the largest companies in the United States compiled by Fortune magazine every year. Companies are ranked by their annual revenues for their respective fiscal years. This list includes both public and private companies using publicly available revenue data.
Verizon is a Fortune 500 company currently ranked number 20 on the list and has been on the list for over 27 years.
Additionally, Verizon is on the Fortune 100 list at number 20 and is on the Fortune Global 500 list topping out at the 45th spot, which is only one place lower than the year prior.