Verizon Communications Inc. (VZ)
NYSE: VZ · IEX Real-Time Price · USD
41.69
+0.15 (0.36%)
Mar 28, 2024, 10:36 AM EDT - Market open

Verizon Income Statement

Millions USD. Fiscal year is Jan - Dec.
Year 2023202220212020201920182017201620152014 2013 - 1994
Revenue
133,974136,835133,613128,292131,868130,863126,034125,980131,620127,079
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Revenue Growth (YoY)
-2.09%2.41%4.15%-2.71%0.77%3.83%0.04%-4.29%3.57%5.42%
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Cost of Revenue
54,88759,13356,30151,20154,72655,50853,06352,70152,55749,931
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Gross Profit
79,08777,70277,31277,09177,14275,35572,97173,27979,06377,148
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Selling, General & Admin
32,74530,13628,65831,57329,89631,08328,59228,10229,98641,016
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Other Operating Expenses
23,46517,09916,20616,72016,86821,99416,95415,92816,01716,533
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Operating Expenses
56,21047,23544,86448,29346,76453,07745,54644,03046,00357,549
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Operating Income
22,87730,46732,44828,79830,37822,27827,42529,24933,06019,599
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Interest Expense / Income
5,5243,6133,4854,2474,7304,8334,7334,3764,9204,915
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Other Expense / Income
847-925961,1313,438-1,6672,5474,3683961,745
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Pretax Income
16,50627,77928,86723,42022,21019,11220,14520,50527,74412,939
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Income Tax
4,8926,5236,8025,6192,9453,584-9,9567,3789,8653,314
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Net Income
11,61421,25622,06517,80119,26515,52830,10113,12717,8799,625
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Net Income Growth
-45.36%-3.67%23.95%-7.60%24.07%-48.41%129.31%-26.58%85.76%-16.28%
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Shares Outstanding (Basic)
4,2114,2024,1484,1404,1384,1284,0844,0804,0853,974
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Shares Outstanding (Diluted)
4,2154,2044,1504,1424,1404,1324,0894,0864,0933,981
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Shares Change
0.26%1.30%0.19%0.05%0.19%1.05%0.07%-0.17%2.81%38.52%
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EPS (Basic)
2.765.065.324.304.663.767.373.224.382.42
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EPS (Diluted)
2.755.065.324.304.653.767.363.214.372.42
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EPS Growth
-45.65%-4.89%23.72%-7.53%23.67%-48.91%129.28%-26.54%80.58%-39.50%
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Free Cash Flow
18,70814,05419,25323,57617,80717,6817,0714,63021,25213,440
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Free Cash Flow Per Share
4.443.354.645.704.304.281.731.145.203.38
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Dividend Per Share
2.6222.5732.5222.4732.4232.3722.3212.2722.2152.140
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Dividend Growth
1.90%2.02%1.98%2.06%2.15%2.20%2.16%2.57%3.50%3.13%
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Gross Margin
59.03%56.79%57.86%60.09%58.50%57.58%57.90%58.17%60.07%60.71%
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Operating Margin
17.08%22.27%24.29%22.45%23.04%17.02%21.76%23.22%25.12%15.42%
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Profit Margin
8.67%15.53%16.51%13.88%14.61%11.87%23.88%10.42%13.58%7.57%
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Free Cash Flow Margin
13.96%10.27%14.41%18.38%13.50%13.51%5.61%3.68%16.15%10.58%
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Effective Tax Rate
29.64%23.48%23.56%23.99%13.26%18.75%-49.42%35.98%35.56%25.61%
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EBITDA
39,65448,49148,55844,38743,62241,34841,83240,80948,68134,387
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EBITDA Margin
29.60%35.44%36.34%34.60%33.08%31.60%33.19%32.39%36.99%27.06%
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Depreciation & Amortization
17,62417,09916,20616,72016,68217,40316,95415,92816,01716,533
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EBIT
22,03031,39232,35227,66726,94023,94524,87824,88132,66417,854
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EBIT Margin
16.44%22.94%24.21%21.57%20.43%18.30%19.74%19.75%24.82%14.05%
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Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).