Verizon Communications Inc. (VZ)
NYSE: VZ · Real-Time Price · USD
48.19
+0.87 (1.84%)
At close: Jul 28, 2026, 4:00 PM EDT
48.07
-0.12 (-0.25%)
After-hours: Jul 28, 2026, 7:59 PM EDT
Verizon 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 | Jun '26 Jun 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 |
| 138,895 | 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 | 56,581 | 56,765 | 54,097 | 54,887 | 59,133 | 56,301 |
Gross Profit | 82,314 | 81,426 | 80,691 | 79,087 | 77,702 | 77,312 |
Selling, General & Admin | 34,747 | 33,818 | 34,113 | 32,745 | 30,136 | 28,658 |
Depreciation & Amortization Expenses | 19,037 | 18,349 | 17,892 | 17,624 | 17,099 | 16,206 |
Other Operating Expenses | - | - | - | 5,841 | - | - |
Total Operating Expenses | 53,784 | 52,167 | 52,005 | 56,210 | 47,235 | 44,864 |
Operating Income | 28,530 | 29,259 | 28,686 | 22,877 | 30,467 | 32,448 |
Interest Income | 46 | - | -53 | -53 | 44 | 145 |
Interest Expense | -7,348 | -6,694 | -6,649 | -5,524 | -3,613 | -3,485 |
Other Non-Operating Income (Expense) | 420 | 107 | 995 | -313 | 1,373 | 312 |
Total Non-Operating Income (Expense) | -6,882 | -6,587 | -5,707 | -5,890 | -2,196 | -3,028 |
Pretax Income | 21,648 | 22,672 | 22,979 | 16,987 | 28,271 | 29,420 |
Provision for Income Taxes | 5,049 | 5,064 | 5,030 | 4,892 | 6,523 | 6,802 |
Net Income | 16,599 | 17,608 | 17,949 | 12,095 | 21,748 | 22,618 |
Minority Interest in Earnings | 427 | 434 | 443 | 481 | 492 | 553 |
Net Income to Common | 16,172 | 17,174 | 17,506 | 11,614 | 21,256 | 22,065 |
Net Income Growth | -11.11% | -1.90% | 50.73% | -45.36% | -3.67% | 23.95% |
Shares Outstanding (Basic) | 4,208 | 4,226 | 4,218 | 4,211 | 4,202 | 4,148 |
Shares Outstanding (Diluted) | 4,213 | 4,231 | 4,223 | 4,215 | 4,204 | 4,150 |
Shares Change | -0.33% | 0.19% | 0.19% | 0.26% | 1.30% | 0.19% |
EPS (Basic) | 3.84 | 4.06 | 4.15 | 2.76 | 5.06 | 5.32 |
EPS (Diluted) | 3.84 | 4.06 | 4.14 | 2.75 | 5.06 | 5.32 |
EPS Growth | -10.49% | -1.93% | 50.54% | -45.65% | -4.89% | 23.72% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 21,531 | 20,126 | 19,822 | 18,708 | 14,054 | 19,253 |
Free Cash Flow Growth | 6.97% | 1.53% | 5.96% | 33.12% | -27.00% | -18.34% |
Free Cash Flow Per Share | 5.11 | 4.76 | 4.69 | 4.44 | 3.34 | 4.64 |
Dividends Per Share | 2.795 | 2.735 | 2.685 | 2.635 | 2.585 | 2.535 |
Dividend Growth | 3.14% | 1.86% | 1.90% | 1.93% | 1.97% | 2.01% |
Gross Margin | 59.26% | 58.92% | 59.87% | 59.03% | 56.79% | 57.86% |
Operating Margin | 20.54% | 21.17% | 21.28% | 17.08% | 22.27% | 24.29% |
Profit Margin | 11.95% | 12.74% | 13.32% | 9.03% | 15.89% | 16.93% |
FCF Margin | 15.50% | 14.56% | 14.71% | 13.96% | 10.27% | 14.41% |
EBITDA | 47,567 | 47,608 | 46,578 | 40,501 | 47,566 | 48,654 |
EBITDA Margin | 34.25% | 34.45% | 34.56% | 30.23% | 34.76% | 36.41% |
EBIT | 28,530 | 29,259 | 28,686 | 22,877 | 30,467 | 32,448 |
EBIT Margin | 20.54% | 21.17% | 21.28% | 17.08% | 22.27% | 24.29% |
Effective Tax Rate | 23.32% | 22.34% | 21.89% | 28.80% | 23.07% | 23.12% |