Verizon Communications Inc. (BCBA:VZ)

Verizon Communications Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	137,000	134,788	133,974	136,835	133,613	128,292
Revenue Growth (YoY)	2.05%	0.61%	-2.09%	2.41%	4.15%	-2.71%
Cost of Revenue	55,695	54,097	54,887	59,133	56,301	51,201
Gross Profit	81,305	80,691	79,087	77,702	77,312	77,091
Selling, General & Admin	33,632	34,113	32,745	30,136	28,658	31,573
Depreciation & Amortization Expenses	18,176	17,892	17,624	17,099	16,206	16,720
Other Operating Expenses	-	-	5,841	-	-	-
Operating Income	29,497	28,686	22,877	30,467	32,448	28,798
Interest Income	-27	-53	-53	44	145	-45
Interest Expense	-6,587	-6,649	-5,524	-3,613	-3,485	-4,247
Other Non-Operating Income (Expense)	1,069	995	-313	1,373	312	-539
Total Non-Operating Income (Expense)	-5,545	-5,707	-5,890	-2,196	-3,028	-4,831
Pretax Income	23,952	22,979	16,987	28,271	29,420	23,967
Provision for Income Taxes	5,323	5,030	4,892	6,523	6,802	5,619
Net Income	18,193	17,506	11,614	21,256	22,065	17,801
Minority Interest in Earnings	436	443	481	492	553	547
Net Income to Common	18,193	17,506	11,614	21,256	22,065	17,801
Net Income Growth	61.69%	50.73%	-45.36%	-3.67%	23.95%	-7.60%
Shares Outstanding (Basic)	4,222	4,218	4,211	4,202	4,148	4,140
Shares Outstanding (Diluted)	4,227	4,223	4,215	4,204	4,150	4,142
Shares Change (YoY)	0.19%	0.19%	0.26%	1.30%	0.19%	0.05%
EPS (Basic)	4.31	4.15	2.76	5.06	5.32	4.30
EPS (Diluted)	4.29	4.14	2.75	5.06	5.32	4.30
EPS Growth	61.28%	50.54%	-45.65%	-4.89%	23.72%	-7.53%
Free Cash Flow	20,128	19,822	18,708	14,054	19,253	23,576
Free Cash Flow Growth	1.54%	5.96%	33.12%	-27.00%	-18.34%	32.40%
Free Cash Flow Per Share	4.76	4.69	4.44	3.34	4.64	5.69
Dividends Per Share	2.710	2.685	2.635	2.585	2.535	2.485
Dividend Growth	0.93%	1.90%	1.93%	1.97%	2.01%	2.05%
Gross Margin	59.35%	59.87%	59.03%	56.79%	57.86%	60.09%
Operating Margin	21.53%	21.28%	17.08%	22.27%	24.29%	22.45%
Profit Margin	13.60%	13.32%	9.03%	15.89%	16.93%	14.30%
FCF Margin	14.69%	14.71%	13.96%	10.27%	14.41%	18.38%
EBITDA	47,673	46,578	40,501	47,566	48,654	45,518
EBITDA Margin	34.80%	34.56%	30.23%	34.76%	36.41%	35.48%
EBIT	29,497	28,686	22,877	30,467	32,448	28,798
EBIT Margin	21.53%	21.28%	17.08%	22.27%	24.29%	22.45%
Effective Tax Rate	22.22%	21.89%	28.80%	23.07%	23.12%	23.44%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.