VZ
Verizon Communications Inc.
Stock
$45.87−0.11 (−0.24%)Close Sep 30, 2026
Income statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $138.9B | $138.2B | $134.8B | $134.0B | $136.8B | $133.6B | $128.3B | $131.9B | $130.9B | $126.0B | $126.0B | $131.6B | $127.1B | $120.6B | $115.8B | $110.9B | $106.6B | $107.8B | $97.4B | $93.5B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | $22.1B | $22.2B | $23.1B | $21.6B | $16.4B | $46.3B | $45.9B | $44.1B | $44.6B | $38.6B | $37.5B |
| Gross profit | — | — | — | — | — | — | — | — | — | $103.9B | $103.7B | $108.5B | $105.5B | $104.2B | $69.6B | $65.0B | $62.4B | $63.2B | $58.7B | $55.9B |
| SG&A | $34.7B | $33.8B | $34.1B | $32.7B | $30.1B | $28.7B | $31.6B | $29.9B | $31.1B | $28.6B | $28.1B | $30.0B | $41.0B | $27.1B | $40.0B | $35.6B | $31.4B | $30.7B | $41.5B | $26.0B |
| Other operating expenses | — | — | — | — | — | — | — | — | — | $47.9B | $46.4B | $45.5B | $44.8B | $45.1B | $16.5B | $16.5B | $16.4B | $16.5B | $14.6B | $14.4B |
| Operating income | $28.5B | $29.3B | $28.7B | $22.9B | $30.5B | $32.4B | $28.8B | $30.4B | $22.3B | $27.4B | $29.2B | $33.1B | $19.6B | $32.0B | $13.2B | $12.9B | $14.6B | $16.0B | $2.6B | $15.6B |
| Non-operating income | −$6.9B | −$6.6B | −$5.7B | −$5.9B | −$2.2B | −$3.0B | −$4.8B | −$7.6B | −$2.7B | −$6.8B | −$8.3B | −$4.8B | −$4.3B | −$2.7B | −$3.3B | −$2.4B | −$2.0B | −$2.5B | — | — |
| Pretax income | $21.6B | $22.7B | $23.0B | $17.0B | $28.3B | $29.4B | $24.0B | $22.7B | $19.6B | $20.6B | $21.0B | $28.2B | $15.3B | $29.3B | $9.9B | $10.5B | $12.7B | $13.5B | — | — |
| Taxes | $5.5B | $5.5B | $5.5B | $5.4B | $7.0B | $7.4B | $6.2B | $3.5B | $4.1B | −$9.5B | $7.9B | $10.4B | $5.6B | $17.8B | $9.0B | $8.1B | $10.1B | $8.6B | — | — |
| Net income | $16.2B | $17.2B | $17.5B | $11.6B | $21.3B | $22.1B | $17.8B | $19.3B | $15.5B | $30.1B | $13.1B | $17.9B | $9.6B | $11.5B | $875M | $2.4B | $2.5B | $4.9B | −$2.2B | $5.5B |
| Diluted EPS | $3.84 | $4.06 | $4.14 | $2.75 | $5.06 | $5.32 | $4.30 | $4.65 | $3.76 | $7.36 | $3.21 | $4.37 | $2.42 | $4.00 | $0.31 | $0.85 | $0.90 | $1.72 | −$0.77 | $1.90 |
| Diluted shares | — | 4.23B | 4.22B | 4.22B | 4.20B | 4.15B | 4.14B | 4.14B | 4.13B | 4.09B | 4.09B | 4.09B | 3.98B | 2.87B | 2.86B | 2.84B | 2.83B | 2.84B | 2.85B | 2.90B |
| Revenue growth | — | +2.5% | +0.6% | −2.1% | +2.4% | +4.1% | −2.7% | +0.8% | +3.8% | 0.0% | −4.3% | +3.6% | +5.4% | +4.1% | +4.5% | +4.0% | −1.2% | +10.7% | +4.2% | — |
| Gross margin | — | — | — | — | — | — | — | — | — | 82.4% | 82.3% | 82.4% | 83.0% | 86.4% | 60.1% | 58.6% | 58.6% | 58.6% | 60.3% | 59.8% |
| Operating margin | 20.5% | 21.2% | 21.3% | 17.1% | 22.3% | 24.3% | 22.4% | 23.0% | 17.0% | 21.8% | 23.2% | 25.1% | 15.4% | 26.5% | 11.4% | 11.6% | 13.7% | 14.8% | 2.7% | 16.7% |
| Net margin | 11.6% | 12.4% | 13.0% | 8.7% | 15.5% | 16.5% | 13.9% | 14.6% | 11.9% | 23.9% | 10.4% | 13.6% | 7.6% | 9.5% | 0.8% | 2.2% | 2.4% | 4.5% | −2.3% | 5.9% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.