For the latest data point in Q1'26, Verizon (VZ) reported a Gross Margin of 60.3%, an Operating Margin of 23.93%, and a Net Profit Margin of 14.6%. These figures represent a significant recovery across all profitability metrics compared to the previous quarter. From Q2'23 to Q1'26, the company's profit margins have exhibited a distinct seasonal pattern, characterized by notable sharp declines during the fourth quarter of each fiscal year. The most significant volatility occurred in Q4'23, where the Net Profit Margin dropped to a low of -7.7%, though it has since stabilized within a more consistent range. Despite these periodic fluctuations, the overall trend reflects a resilient recovery, with the Operating Margin and Net Profit Margin currently trending toward their upper historical bounds.