Income Statement - VERIZON COMMUNICATIONS INC (VZ)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 138.19 | 134.79 | 133.97 | 136.84 | 133.61 | 128.29 | 131.87 | 130.86 | 126.03 | 125.98 | 131.62 | 127.08 | 120.55 | 115.85 | 110.88 | 106.57 | 107.81 | 97.35 | 93.47 | 88.18 |
| Cost of revenue | 75.11 | 71.99 | 72.51 | 76.23 | 72.51 | 67.92 | 71.41 | 72.61 | 68.51 | 67.35 | 68.57 | 66.46 | 61.49 | 62.70 | 62.37 | 58.31 | 58.84 | 53.47 | 51.89 | 49.51 |
| Gross profit | 63.08 | 62.80 | 61.46 | 60.60 | 61.11 | 60.37 | 60.46 | 58.26 | 57.52 | 58.63 | 63.05 | 60.62 | 59.06 | 53.15 | 48.50 | 48.25 | 48.97 | 43.89 | 41.58 | 38.63 |
| Total operating expenses | 33.82 | 32.20 | 32.63 | 30.14 | 29.14 | 30.50 | 29.43 | 28.25 | 31.01 | 32.72 | 30.24 | 41.72 | 27.37 | 32.15 | 29.67 | 29.28 | 29.49 | 25.78 | 24.87 | 24.42 |
| Operating income | 29.26 | 30.60 | 28.83 | 30.47 | 31.97 | 29.87 | 31.03 | 30.01 | 26.52 | 25.91 | 32.81 | 18.89 | 31.69 | 21.01 | 18.83 | 18.97 | 19.48 | 18.11 | 16.71 | 14.21 |
| Non-operating income (net) | -6.59 | -7.63 | -11.84 | -2.20 | -2.55 | -5.90 | -8.30 | -10.38 | -5.93 | -4.92 | -4.57 | -3.62 | -2.41 | -11.11 | -8.35 | -6.29 | -5.96 | -16.47 | -2.17 | -2.02 |
| Income before tax | 22.67 | 22.98 | 16.99 | 28.27 | 29.42 | 23.97 | 22.73 | 19.62 | 20.59 | 20.99 | 28.24 | 15.27 | 29.28 | 9.90 | 10.48 | 12.68 | 13.52 | 1.64 | 14.55 | 12.19 |
| Income tax expense | 5.06 | 5.03 | 4.89 | 6.52 | 6.80 | 5.62 | 2.95 | 3.58 | -9.96 | 7.38 | 9.87 | 3.31 | 5.73 | -0.66 | 0.29 | 2.47 | 1.21 | 3.33 | 3.98 | 2.67 |
| Net income | 17.17 | 17.51 | 11.61 | 21.26 | 22.07 | 17.80 | 19.27 | 15.53 | 30.10 | 13.13 | 17.88 | 9.63 | 11.50 | 0.88 | 2.40 | 2.55 | 3.65 | 6.43 | 5.52 | 6.20 |
Show Quarterly Income Statement
Income Statement - VERIZON COMMUNICATIONS INC (VZ)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 34.44 | 36.38 | 33.82 | 34.50 | 33.49 | 35.68 | 33.33 | 32.80 | 32.98 | 35.13 | 33.34 | 32.60 | 32.91 | 35.25 | 34.24 | 33.79 | 33.55 | 34.07 | 32.92 | 33.76 | 32.87 | 34.69 | 31.54 | 30.45 | 31.61 | 34.78 | 32.89 | 32.07 | 32.13 | 34.28 | 32.61 | 32.20 | 31.77 | 33.96 | 31.72 | 30.55 | 29.81 | 32.34 | 30.94 | 30.53 | 32.17 | 34.25 | 33.16 | 32.22 | 31.98 | 33.19 | 31.59 | 31.48 | 30.82 | 31.07 | 30.28 | 29.79 | 29.42 | 30.05 | 29.01 | 28.55 | 28.24 | 28.44 | 27.91 | 27.54 | 26.99 | 26.40 | 26.48 | 26.77 | 26.91 | 27.09 | 27.27 | 26.86 | 26.59 | 24.65 | 24.75 | 24.12 | 23.83 | 23.84 | 23.77 | 23.27 | 22.58 | 20.15 | 22.46 | 21.89 | 21.23 |
| Cost of revenue | 13.67 | 7.10 | 17.96 | 18.52 | 17.63 | 20.02 | 17.70 | 16.95 | 17.32 | 19.70 | 17.87 | 17.12 | 17.82 | 19.98 | 18.93 | 18.74 | 18.59 | 19.05 | 17.49 | 18.28 | 17.70 | 19.02 | 16.53 | 15.93 | 16.45 | 19.74 | 17.50 | 16.95 | 17.22 | 19.64 | 17.71 | 17.68 | 17.98 | 19.63 | 17.25 | 16.65 | 15.73 | 18.35 | 16.17 | 12.22 | 12.61 | 14.71 | 13.31 | 12.45 | 12.10 | 14.40 | 12.25 | 12.09 | 11.19 | 11.96 | 10.96 | 11.03 | 10.93 | 13.07 | 10.99 | 10.90 | 11.32 | 12.09 | 11.40 | 11.16 | 11.23 | 9.94 | 10.67 | 12.22 | 10.65 | 12.51 | 11.00 | 10.48 | 10.31 | 9.98 | 10.05 | 9.47 | 9.52 | 9.80 | 9.61 | 9.23 | 8.91 | 8.65 | 8.93 | 8.71 | 8.52 |
| Gross profit | 20.77 | 29.28 | 15.86 | 15.98 | 15.85 | 15.66 | 15.63 | 15.84 | 15.66 | 15.43 | 15.47 | 15.47 | 15.09 | 15.27 | 15.32 | 15.05 | 14.97 | 15.02 | 15.43 | 15.49 | 15.17 | 15.67 | 15.02 | 14.52 | 15.16 | 15.04 | 15.40 | 15.12 | 14.91 | 14.64 | 14.90 | 14.53 | 13.79 | 14.32 | 14.47 | 13.90 | 14.09 | 13.99 | 14.77 | 18.31 | 19.56 | 19.55 | 19.85 | 19.78 | 19.89 | 18.79 | 19.33 | 19.40 | 19.63 | 19.10 | 19.32 | 18.75 | 18.49 | 16.98 | 18.02 | 17.66 | 16.92 | 16.35 | 16.52 | 16.38 | 15.76 | 16.45 | 15.81 | 14.56 | 16.26 | 14.58 | 16.27 | 16.38 | 16.28 | 14.67 | 14.70 | 14.66 | 14.32 | 14.04 | 14.16 | 14.04 | 13.67 | 11.51 | 13.53 | 13.18 | 12.72 |
| Total operating expenses | 12.53 | 24.28 | 7.75 | 7.81 | 7.87 | 8.24 | 7.79 | 8.02 | 8.04 | 8.99 | 7.88 | 8.02 | 7.51 | 8.05 | 7.42 | 7.50 | 7.17 | 7.41 | 7.12 | 7.32 | 7.18 | 8.62 | 7.34 | 7.16 | 7.39 | 8.01 | 6.96 | 7.27 | 7.20 | 7.41 | 7.09 | 6.66 | 6.34 | 9.16 | 7.32 | 6.69 | 7.03 | 5.97 | 8.23 | 13.76 | 11.62 | 9.80 | 12.32 | 11.95 | 11.93 | 20.93 | 12.44 | 11.71 | 12.47 | 7.04 | 12.19 | 12.20 | 12.27 | 20.15 | 12.53 | 12.01 | 11.73 | 17.46 | 11.87 | 11.49 | 11.31 | 11.94 | 12.43 | 14.15 | 11.82 | 13.65 | 12.28 | 11.96 | 11.59 | 10.84 | 10.53 | 10.11 | 9.98 | 10.62 | 9.95 | 9.89 | 9.88 | 9.24 | 9.99 | 9.96 | 9.54 |
| Operating income | 8.24 | 5.00 | 8.11 | 8.17 | 7.98 | 7.42 | 7.84 | 7.82 | 7.63 | 6.44 | 7.59 | 7.46 | 7.58 | 7.23 | 7.89 | 7.55 | 7.80 | 7.61 | 8.30 | 8.17 | 7.99 | 7.05 | 7.68 | 7.36 | 7.77 | 7.03 | 8.44 | 7.85 | 7.71 | 7.23 | 7.81 | 7.87 | 7.45 | 5.16 | 7.15 | 7.21 | 7.06 | 8.02 | 6.54 | 4.55 | 7.94 | 9.74 | 7.54 | 7.82 | 7.96 | -2.14 | 6.89 | 7.69 | 7.16 | 12.06 | 7.13 | 6.56 | 6.22 | -3.17 | 5.48 | 5.65 | 5.20 | -1.11 | 4.65 | 4.89 | 4.45 | 4.51 | 3.38 | 0.41 | 4.44 | 0.93 | 3.99 | 4.42 | 4.69 | 3.83 | 4.17 | 4.55 | 4.33 | 3.42 | 4.21 | 4.15 | 3.80 | 2.27 | 3.54 | 3.22 | 3.18 |
| Non-operating income (net) | -1.46 | -1.94 | -1.58 | -1.56 | -1.51 | -0.85 | -3.54 | -1.78 | -1.55 | -8.26 | -1.39 | -1.35 | -1.08 | 1.59 | -1.37 | -0.70 | -1.71 | -1.46 | 0.07 | -0.34 | -0.92 | -0.80 | -1.83 | -1.17 | -2.10 | -3.32 | -1.52 | -2.54 | -0.92 | -5.87 | -1.13 | -2.34 | -1.40 | -2.23 | -1.64 | -0.25 | -1.87 | -1.07 | -0.96 | -2.86 | -1.18 | -1.17 | -1.17 | -1.19 | -1.29 | -1.75 | -1.23 | -1.14 | -0.21 | -1.30 | -0.52 | -0.37 | -0.50 | -1.57 | -0.56 | -0.57 | -0.56 | -0.69 | -0.55 | -0.59 | -0.57 | -0.41 | -0.51 | -0.54 | -0.50 | -0.54 | -0.53 | -0.65 | -0.74 | 4.11 | -0.12 | -0.16 | -0.34 | 3.46 | -1.55 | -1.51 | -1.43 | 2.68 | -1.27 | -1.35 | -1.24 |
| Income before tax | 6.78 | 3.06 | 6.53 | 6.61 | 6.47 | 6.57 | 4.30 | 6.03 | 6.08 | -1.82 | 6.19 | 6.11 | 6.50 | 8.81 | 6.52 | 6.86 | 6.08 | 6.14 | 8.37 | 7.82 | 7.08 | 6.25 | 5.85 | 6.19 | 5.68 | 3.71 | 6.92 | 5.31 | 6.79 | 1.37 | 6.68 | 5.53 | 6.05 | 2.93 | 5.51 | 6.97 | 5.18 | 6.95 | 5.58 | 1.70 | 6.77 | 8.58 | 6.37 | 6.63 | 6.67 | -3.89 | 5.66 | 6.54 | 6.95 | 10.76 | 6.61 | 6.19 | 5.72 | -4.74 | 4.92 | 5.08 | 4.63 | -1.80 | 4.10 | 4.31 | 3.88 | 4.10 | 2.88 | -0.13 | 3.94 | 0.39 | 3.46 | 3.77 | 3.95 | 7.95 | 4.05 | 4.39 | 3.99 | 6.88 | 2.66 | 2.64 | 2.37 | 4.95 | 2.27 | 1.87 | 1.93 |
| Income tax expense | 1.64 | 0.62 | 1.47 | 1.49 | 1.49 | 1.45 | 0.89 | 1.33 | 1.35 | 0.76 | 1.31 | 1.35 | 1.48 | 2.11 | 1.50 | 1.54 | 1.37 | 1.41 | 1.82 | 1.88 | 1.70 | 1.54 | 1.35 | 1.35 | 1.39 | -1.51 | 1.59 | 1.24 | 1.63 | -0.70 | 1.61 | 1.28 | 1.39 | -15.85 | 1.78 | 2.49 | 1.63 | 2.35 | 1.83 | 0.86 | 2.34 | 3.07 | 2.20 | 2.27 | 2.33 | -1.74 | 1.86 | 2.22 | 0.97 | 2.84 | 1.03 | 0.99 | 0.86 | -2.81 | 0.63 | 0.79 | 0.73 | -1.59 | 0.56 | 0.70 | 0.62 | 1.35 | 0.32 | -0.05 | 1.57 | -0.71 | 0.57 | 0.61 | 0.74 | 0.56 | 0.85 | 0.98 | 0.95 | 0.76 | 1.39 | 0.96 | 0.88 | 0.25 | 0.86 | 0.75 | 0.88 |
| Net income | 5.05 | 2.34 | 4.95 | 5.00 | 4.88 | 5.01 | 3.31 | 4.59 | 4.60 | -2.71 | 4.76 | 4.65 | 4.91 | 6.58 | 4.90 | 5.20 | 4.58 | 4.61 | 6.41 | 5.80 | 5.25 | 4.59 | 4.36 | 4.70 | 4.16 | 5.10 | 5.19 | 3.94 | 5.03 | 1.94 | 4.92 | 4.12 | 4.55 | 18.67 | 3.62 | 4.36 | 3.45 | 4.50 | 3.62 | 0.70 | 4.31 | 5.39 | 4.04 | 4.23 | 4.22 | -2.23 | 3.70 | 4.21 | 3.95 | 5.07 | 2.23 | 2.25 | 1.95 | -4.23 | 1.59 | 1.83 | 1.69 | -2.02 | 1.38 | 1.61 | 1.44 | 2.64 | 0.88 | 1.75 | 0.44 | -0.65 | 1.18 | 3.16 | 1.65 | 1.24 | 1.67 | 1.88 | 1.64 | 1.07 | 1.27 | 0.73 | 1.50 | 1.03 | 1.92 | 1.61 | 1.63 |