• Verizon average return on tangible equity for 2023 was -19.36, a 4.86% decline from 2022.
• Verizon average return on tangible equity for 2022 was -20.35, a 14.1% decline from 2021.
• Verizon average return on tangible equity for 2021 was -23.69, a 15.39% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.