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 | 138,191.00 | 134,788.00 | 133,974.00 | 136,835.00 | 133,613.00 | 128,292.00 | 131,868.00 | 130,863.00 | 126,034.00 | 125,980.00 | 131,620.00 | 127,079.00 | 120,550.00 | 115,846.00 | 110,875.00 | 106,565.00 | 107,808.00 | 97,354.00 | 93,469.00 | 88,182.00 |
| Cost of revenue | 75,114.00 | 71,989.00 | 72,511.00 | 76,232.00 | 72,507.00 | 67,921.00 | 71,408.00 | 72,608.00 | 68,510.00 | 67,352.00 | 68,574.00 | 66,464.00 | 61,493.00 | 62,695.00 | 62,371.00 | 58,311.00 | 58,837.00 | 53,467.00 | 51,892.00 | 49,514.00 |
| Gross profit | 63,077.00 | 62,799.00 | 61,463.00 | 60,603.00 | 61,106.00 | 60,371.00 | 60,460.00 | 58,255.00 | 57,524.00 | 58,628.00 | 63,046.00 | 60,615.00 | 59,057.00 | 53,151.00 | 48,504.00 | 48,254.00 | 48,971.00 | 43,887.00 | 41,577.00 | 38,630.00 |
| Total operating expenses | 33,818.00 | 32,195.00 | 32,632.00 | 30,136.00 | 29,141.00 | 30,504.00 | 29,431.00 | 28,248.00 | 31,005.00 | 32,718.00 | 30,240.00 | 41,723.00 | 27,367.00 | 32,145.00 | 29,670.00 | 29,281.00 | 29,491.00 | 25,776.00 | 24,865.00 | 24,416.00 |
| Operating income | 29,259.00 | 30,604.00 | 28,831.00 | 30,467.00 | 31,965.00 | 29,867.00 | 31,029.00 | 30,007.00 | 26,519.00 | 25,910.00 | 32,806.00 | 18,892.00 | 31,690.00 | 21,006.00 | 18,834.00 | 18,973.00 | 19,480.00 | 18,111.00 | 16,712.00 | 14,214.00 |
| Non-operating income (net) | -6,587.00 | -7,625.00 | -11,844.00 | -2,196.00 | -2,545.00 | -5,900.00 | -8,296.00 | -10,384.00 | -5,925.00 | -4,924.00 | -4,566.00 | -3,622.00 | -2,413.00 | -11,109.00 | -8,351.00 | -6,289.00 | -5,960.00 | -16,468.00 | -2,167.00 | -2,022.00 |
| Income before tax | 22,672.00 | 22,979.00 | 16,987.00 | 28,271.00 | 29,420.00 | 23,967.00 | 22,733.00 | 19,623.00 | 20,594.00 | 20,986.00 | 28,240.00 | 15,270.00 | 29,277.00 | 9,897.00 | 10,483.00 | 12,684.00 | 13,520.00 | 1,643.00 | 14,545.00 | 12,192.00 |
| Income tax expense | 5,064.00 | 5,030.00 | 4,892.00 | 6,523.00 | 6,802.00 | 5,619.00 | 2,945.00 | 3,584.00 | -9,956.00 | 7,378.00 | 9,865.00 | 3,314.00 | 5,730.00 | -660.00 | 285.00 | 2,467.00 | 1,210.00 | 3,331.00 | 3,982.00 | 2,674.00 |
| Net income | 17,174.00 | 17,506.00 | 11,614.00 | 21,256.00 | 22,065.00 | 17,801.00 | 19,265.00 | 15,528.00 | 30,101.00 | 13,127.00 | 17,879.00 | 9,625.00 | 11,497.00 | 875.00 | 2,404.00 | 2,549.00 | 3,651.00 | 6,428.00 | 5,521.00 | 6,197.00 |
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 | 34,440.00 | 36,381.00 | 33,821.00 | 34,504.00 | 33,485.00 | 35,681.00 | 33,330.00 | 32,796.00 | 32,981.00 | 35,130.00 | 33,336.00 | 32,596.00 | 32,912.00 | 35,251.00 | 34,241.00 | 33,789.00 | 33,554.00 | 34,067.00 | 32,915.00 | 33,764.00 | 32,867.00 | 34,692.00 | 31,543.00 | 30,447.00 | 31,610.00 | 34,775.00 | 32,894.00 | 32,071.00 | 32,128.00 | 34,281.00 | 32,607.00 | 32,203.00 | 31,772.00 | 33,955.00 | 31,717.00 | 30,548.00 | 29,814.00 | 32,340.00 | 30,937.00 | 30,532.00 | 32,171.00 | 34,254.00 | 33,158.00 | 32,224.00 | 31,984.00 | 33,192.00 | 31,586.00 | 31,483.00 | 30,818.00 | 31,065.00 | 30,279.00 | 29,786.00 | 29,420.00 | 30,045.00 | 29,007.00 | 28,552.00 | 28,242.00 | 28,436.00 | 27,913.00 | 27,536.00 | 26,990.00 | 26,395.00 | 26,484.00 | 26,773.00 | 26,913.00 | 27,091.00 | 27,265.00 | 26,861.00 | 26,591.00 | 24,645.00 | 24,752.00 | 24,124.00 | 23,833.00 | 23,840.00 | 23,772.00 | 23,273.00 | 22,584.00 | 20,154.00 | 22,459.00 | 21,886.00 | 21,231.00 |
| Cost of revenue | 13,673.00 | 7,098.00 | 17,964.00 | 18,520.00 | 17,633.00 | 20,020.00 | 17,698.00 | 16,954.00 | 17,317.00 | 19,698.00 | 17,868.00 | 17,123.00 | 17,822.00 | 19,980.00 | 18,925.00 | 18,741.00 | 18,586.00 | 19,047.00 | 17,489.00 | 18,275.00 | 17,696.00 | 19,019.00 | 16,526.00 | 15,930.00 | 16,446.00 | 19,736.00 | 17,498.00 | 16,953.00 | 17,221.00 | 19,643.00 | 17,708.00 | 17,678.00 | 17,979.00 | 19,631.00 | 17,246.00 | 16,651.00 | 15,725.00 | 18,349.00 | 16,171.00 | 12,221.00 | 12,612.00 | 14,707.00 | 13,305.00 | 12,449.00 | 12,096.00 | 14,403.00 | 12,252.00 | 12,087.00 | 11,189.00 | 11,962.00 | 10,960.00 | 11,033.00 | 10,932.00 | 13,069.00 | 10,991.00 | 10,896.00 | 11,319.00 | 12,090.00 | 11,398.00 | 11,158.00 | 11,229.00 | 9,943.00 | 10,671.00 | 12,216.00 | 10,652.00 | 12,514.00 | 10,996.00 | 10,481.00 | 10,308.00 | 9,976.00 | 10,048.00 | 9,466.00 | 9,517.00 | 9,796.00 | 9,608.00 | 9,231.00 | 8,912.00 | 8,645.00 | 8,932.00 | 8,709.00 | 8,516.00 |
| Gross profit | 20,767.00 | 29,283.00 | 15,857.00 | 15,984.00 | 15,852.00 | 15,661.00 | 15,632.00 | 15,842.00 | 15,664.00 | 15,432.00 | 15,468.00 | 15,473.00 | 15,090.00 | 15,271.00 | 15,316.00 | 15,048.00 | 14,968.00 | 15,020.00 | 15,426.00 | 15,489.00 | 15,171.00 | 15,673.00 | 15,017.00 | 14,517.00 | 15,164.00 | 15,039.00 | 15,396.00 | 15,118.00 | 14,907.00 | 14,638.00 | 14,899.00 | 14,525.00 | 13,793.00 | 14,324.00 | 14,471.00 | 13,897.00 | 14,089.00 | 13,991.00 | 14,766.00 | 18,311.00 | 19,559.00 | 19,547.00 | 19,853.00 | 19,775.00 | 19,888.00 | 18,789.00 | 19,334.00 | 19,396.00 | 19,629.00 | 19,103.00 | 19,319.00 | 18,753.00 | 18,488.00 | 16,976.00 | 18,016.00 | 17,656.00 | 16,923.00 | 16,346.00 | 16,515.00 | 16,378.00 | 15,761.00 | 16,452.00 | 15,813.00 | 14,557.00 | 16,261.00 | 14,577.00 | 16,269.00 | 16,380.00 | 16,283.00 | 14,669.00 | 14,704.00 | 14,658.00 | 14,316.00 | 14,044.00 | 14,164.00 | 14,042.00 | 13,672.00 | 11,509.00 | 13,527.00 | 13,177.00 | 12,715.00 |
| Total operating expenses | 12,525.00 | 24,279.00 | 7,752.00 | 7,812.00 | 7,874.00 | 8,240.00 | 7,788.00 | 8,024.00 | 8,037.00 | 8,991.00 | 7,882.00 | 8,016.00 | 7,506.00 | 8,046.00 | 7,422.00 | 7,496.00 | 7,172.00 | 7,412.00 | 7,124.00 | 7,324.00 | 7,178.00 | 8,619.00 | 7,339.00 | 7,156.00 | 7,390.00 | 8,010.00 | 6,955.00 | 7,268.00 | 7,198.00 | 7,405.00 | 7,094.00 | 6,656.00 | 6,339.00 | 9,163.00 | 7,317.00 | 6,685.00 | 7,034.00 | 5,968.00 | 8,226.00 | 13,757.00 | 11,617.00 | 9,803.00 | 12,318.00 | 11,954.00 | 11,928.00 | 20,925.00 | 12,444.00 | 11,711.00 | 12,469.00 | 7,040.00 | 12,191.00 | 12,198.00 | 12,266.00 | 20,145.00 | 12,533.00 | 12,005.00 | 11,728.00 | 17,458.00 | 11,868.00 | 11,486.00 | 11,308.00 | 11,944.00 | 12,430.00 | 14,147.00 | 11,820.00 | 13,648.00 | 12,283.00 | 11,962.00 | 11,589.00 | 10,837.00 | 10,531.00 | 10,112.00 | 9,983.00 | 10,621.00 | 9,954.00 | 9,893.00 | 9,876.00 | 9,243.00 | 9,990.00 | 9,960.00 | 9,540.00 |
| Operating income | 8,242.00 | 5,004.00 | 8,105.00 | 8,172.00 | 7,978.00 | 7,421.00 | 7,844.00 | 7,818.00 | 7,627.00 | 6,441.00 | 7,586.00 | 7,457.00 | 7,584.00 | 7,225.00 | 7,894.00 | 7,552.00 | 7,796.00 | 7,608.00 | 8,302.00 | 8,165.00 | 7,993.00 | 7,054.00 | 7,678.00 | 7,361.00 | 7,774.00 | 7,029.00 | 8,441.00 | 7,850.00 | 7,709.00 | 7,233.00 | 7,805.00 | 7,869.00 | 7,454.00 | 5,161.00 | 7,154.00 | 7,212.00 | 7,055.00 | 8,023.00 | 6,540.00 | 4,554.00 | 7,942.00 | 9,744.00 | 7,535.00 | 7,821.00 | 7,960.00 | -2,136.00 | 6,890.00 | 7,685.00 | 7,160.00 | 12,063.00 | 7,128.00 | 6,555.00 | 6,222.00 | -3,169.00 | 5,483.00 | 5,651.00 | 5,195.00 | -1,112.00 | 4,647.00 | 4,892.00 | 4,453.00 | 4,508.00 | 3,383.00 | 410.00 | 4,441.00 | 929.00 | 3,986.00 | 4,418.00 | 4,694.00 | 3,832.00 | 4,173.00 | 4,546.00 | 4,333.00 | 3,423.00 | 4,210.00 | 4,149.00 | 3,796.00 | 2,266.00 | 3,537.00 | 3,217.00 | 3,175.00 |
| Non-operating income (net) | -1,458.00 | -1,941.00 | -1,578.00 | -1,563.00 | -1,505.00 | -853.00 | -3,542.00 | -1,784.00 | -1,552.00 | -8,258.00 | -1,394.00 | -1,345.00 | -1,084.00 | 1,586.00 | -1,374.00 | -695.00 | -1,713.00 | -1,464.00 | 72.00 | -341.00 | -915.00 | -801.00 | -1,827.00 | -1,174.00 | -2,098.00 | -3,317.00 | -1,518.00 | -2,540.00 | -921.00 | -5,866.00 | -1,130.00 | -2,342.00 | -1,400.00 | -2,227.00 | -1,643.00 | -245.00 | -1,873.00 | -1,074.00 | -964.00 | -2,859.00 | -1,176.00 | -1,166.00 | -1,169.00 | -1,194.00 | -1,291.00 | -1,750.00 | -1,232.00 | -1,141.00 | -206.00 | -1,303.00 | -516.00 | -369.00 | -503.00 | -1,567.00 | -560.00 | -573.00 | -563.00 | -690.00 | -549.00 | -586.00 | -572.00 | -412.00 | -507.00 | -542.00 | -501.00 | -542.00 | -525.00 | -648.00 | -744.00 | 4,113.00 | -124.00 | -161.00 | -339.00 | 3,461.00 | -1,552.00 | -1,511.00 | -1,431.00 | 2,679.00 | -1,272.00 | -1,345.00 | -1,242.00 |
| Income before tax | 6,784.00 | 3,063.00 | 6,527.00 | 6,609.00 | 6,473.00 | 6,568.00 | 4,302.00 | 6,034.00 | 6,075.00 | -1,817.00 | 6,192.00 | 6,112.00 | 6,500.00 | 8,811.00 | 6,520.00 | 6,857.00 | 6,083.00 | 6,144.00 | 8,374.00 | 7,824.00 | 7,078.00 | 6,253.00 | 5,851.00 | 6,187.00 | 5,676.00 | 3,712.00 | 6,923.00 | 5,310.00 | 6,788.00 | 1,367.00 | 6,675.00 | 5,527.00 | 6,054.00 | 2,934.00 | 5,511.00 | 6,967.00 | 5,182.00 | 6,949.00 | 5,576.00 | 1,695.00 | 6,766.00 | 8,578.00 | 6,366.00 | 6,627.00 | 6,669.00 | -3,886.00 | 5,658.00 | 6,544.00 | 6,954.00 | 10,760.00 | 6,612.00 | 6,186.00 | 5,719.00 | -4,736.00 | 4,923.00 | 5,078.00 | 4,632.00 | -1,802.00 | 4,098.00 | 4,306.00 | 3,881.00 | 4,096.00 | 2,876.00 | -132.00 | 3,940.00 | 387.00 | 3,461.00 | 3,770.00 | 3,950.00 | 7,945.00 | 4,049.00 | 4,385.00 | 3,994.00 | 6,884.00 | 2,658.00 | 2,638.00 | 2,365.00 | 4,945.00 | 2,265.00 | 1,872.00 | 1,933.00 |
| Income tax expense | 1,638.00 | 615.00 | 1,471.00 | 1,488.00 | 1,490.00 | 1,454.00 | 891.00 | 1,332.00 | 1,353.00 | 756.00 | 1,308.00 | 1,346.00 | 1,482.00 | 2,113.00 | 1,496.00 | 1,542.00 | 1,372.00 | 1,407.00 | 1,820.00 | 1,875.00 | 1,700.00 | 1,535.00 | 1,347.00 | 1,348.00 | 1,389.00 | -1,505.00 | 1,586.00 | 1,236.00 | 1,628.00 | -698.00 | 1,613.00 | 1,281.00 | 1,388.00 | -15,849.00 | 1,775.00 | 2,489.00 | 1,629.00 | 2,349.00 | 1,829.00 | 864.00 | 2,336.00 | 3,065.00 | 2,195.00 | 2,274.00 | 2,331.00 | -1,738.00 | 1,864.00 | 2,220.00 | 968.00 | 2,844.00 | 1,034.00 | 988.00 | 864.00 | -2,810.00 | 631.00 | 793.00 | 726.00 | -1,590.00 | 556.00 | 702.00 | 617.00 | 1,352.00 | 321.00 | -49.00 | 1,565.00 | -714.00 | 574.00 | 610.00 | 740.00 | 555.00 | 850.00 | 981.00 | 945.00 | 759.00 | 1,387.00 | 955.00 | 881.00 | 253.00 | 855.00 | 754.00 | 877.00 |
| Net income | 5,045.00 | 2,342.00 | 4,950.00 | 5,003.00 | 4,879.00 | 5,005.00 | 3,306.00 | 4,593.00 | 4,602.00 | -2,705.00 | 4,762.00 | 4,648.00 | 4,909.00 | 6,577.00 | 4,900.00 | 5,199.00 | 4,580.00 | 4,613.00 | 6,407.00 | 5,800.00 | 5,245.00 | 4,588.00 | 4,357.00 | 4,700.00 | 4,156.00 | 5,095.00 | 5,194.00 | 3,944.00 | 5,032.00 | 1,939.00 | 4,924.00 | 4,120.00 | 4,545.00 | 18,669.00 | 3,620.00 | 4,362.00 | 3,450.00 | 4,495.00 | 3,620.00 | 702.00 | 4,310.00 | 5,391.00 | 4,038.00 | 4,231.00 | 4,219.00 | -2,231.00 | 3,695.00 | 4,214.00 | 3,947.00 | 5,067.00 | 2,232.00 | 2,246.00 | 1,952.00 | -4,229.00 | 1,593.00 | 1,825.00 | 1,686.00 | -2,023.00 | 1,379.00 | 1,609.00 | 1,439.00 | 2,639.00 | 881.00 | 1,745.00 | 443.00 | -653.00 | 1,176.00 | 3,160.00 | 1,645.00 | 1,235.00 | 1,669.00 | 1,882.00 | 1,642.00 | 1,072.00 | 1,271.00 | 728.00 | 1,495.00 | 1,032.00 | 1,922.00 | 1,611.00 | 1,632.00 |