Verizon Communications Inc. (TSX:VZ)
Canada · Delayed Price · Currency is CAD 18.03
-0.63 (-3.38%)
Oct 26, 2026, 3:51 PM EDT
Verizon Communications Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 139,387 | 138,191 | 134,788 | 133,974 | 136,835 | 133,613 | |
Revenue Growth | 1.38% | 2.53% | 0.61% | -2.09% | 2.41% | 4.15% |
Cost of Revenue | 56,118 | 56,560 | 53,908 | 54,887 | 59,133 | 56,301 |
Gross Profit | 83,269 | 81,631 | 80,880 | 79,087 | 77,702 | 77,312 |
Selling, General & Admin | 32,291 | 31,634 | 32,089 | 31,277 | 29,832 | 24,441 |
Operating Expenses | 51,805 | 49,983 | 49,981 | 48,901 | 46,931 | 40,647 |
Operating Income | 31,464 | 31,648 | 30,899 | 30,186 | 30,771 | 36,665 |
Interest Expense | -7,634 | -6,694 | -6,649 | -5,524 | -3,613 | -3,485 |
Interest & Investment Income | 329 | 329 | 336 | 354 | 146 | 48 |
Earnings From Equity Investments | 49 | - | -53 | -53 | 44 | 145 |
Currency Exchange Gain (Loss) | 75 | 75 | -50 | - | - | - |
Other Non Operating Income (Expenses) | 117 | -224 | -208 | -975 | 2,304 | 20 |
EBT Excluding Unusual Items | 24,400 | 25,134 | 24,275 | 23,988 | 29,652 | 33,393 |
Merger & Restructuring Charges | -2,389 | -2,389 | -2,107 | -1,368 | -304 | -209 |
Impairment of Goodwill | - | - | - | -5,841 | - | - |
Legal Settlements | - | - | -106 | -100 | - | - |
Other Unusual Items | -73 | -73 | 917 | 308 | -1,077 | -3,764 |
Pretax Income | 21,938 | 22,672 | 22,979 | 16,987 | 28,271 | 29,420 |
Income Tax Expense | 5,075 | 5,064 | 5,030 | 4,892 | 6,523 | 6,802 |
Earnings From Continuing Operations | 16,863 | 17,608 | 17,949 | 12,095 | 21,748 | 22,618 |
Minority Interest in Earnings | -443 | -434 | -443 | -481 | -492 | -553 |
Net Income | 16,420 | 17,174 | 17,506 | 11,614 | 21,256 | 22,065 |
Net Income to Common | 16,420 | 17,174 | 17,506 | 11,614 | 21,256 | 22,065 |
Net Income Growth | -17.22% | -1.90% | 50.73% | -45.36% | -3.67% | 23.95% |
Shares Outstanding (Basic) | 4,189 | 4,226 | 4,218 | 4,211 | 4,202 | 4,148 |
Shares Outstanding (Diluted) | 4,194 | 4,231 | 4,223 | 4,215 | 4,204 | 4,150 |
Shares Change | -0.82% | 0.19% | 0.19% | 0.26% | 1.30% | 0.19% |
EPS (Basic) | 3.92 | 4.06 | 4.15 | 2.76 | 5.06 | 5.32 |
EPS (Diluted) | 3.92 | 4.06 | 4.14 | 2.75 | 5.06 | 5.32 |
EPS Growth | -16.52% | -1.93% | 50.54% | -45.64% | -4.90% | 23.71% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 22,376 | 20,126 | 19,822 | 18,708 | 14,054 | 19,253 |
Free Cash Flow Per Share | 5.33 | 4.76 | 4.69 | 4.44 | 3.34 | 4.64 |
Dividend Per Share | 0.690 | 2.735 | 2.685 | 2.635 | 2.585 | 2.535 |
Dividend Growth | -74.66% | 1.86% | 1.90% | 1.93% | 1.97% | 2.01% |
Gross Margin | 59.74% | 59.07% | 60.00% | 59.03% | 56.78% | 57.86% |
Operating Margin | 22.57% | 22.90% | 22.92% | 22.53% | 22.49% | 27.44% |
Profit Margin | 11.78% | 12.43% | 12.99% | 8.67% | 15.53% | 16.51% |
Free Cash Flow Margin | 16.05% | 14.56% | 14.71% | 13.96% | 10.27% | 14.41% |
EBITDA | 50,978 | 49,997 | 48,791 | 47,810 | 47,870 | 52,871 |
EBITDA Margin | 36.57% | 36.18% | 36.20% | 35.69% | 34.98% | 39.57% |
D&A For EBITDA | 19,514 | 18,349 | 17,892 | 17,624 | 17,099 | 16,206 |
EBIT | 31,464 | 31,648 | 30,899 | 30,186 | 30,771 | 36,665 |
EBIT Margin | 22.57% | 22.90% | 22.92% | 22.53% | 22.49% | 27.44% |
Effective Tax Rate | 23.13% | 22.34% | 21.89% | 28.80% | 23.07% | 23.12% |
Revenue as Reported | 139,387 | 138,191 | 134,788 | 133,974 | 136,835 | 133,613 |
Advertising Expenses | - | 3,832 | 3,976 | 3,847 | 3,556 | 3,394 |