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 Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 34,253 | 34,440 | 36,381 | 33,821 | 34,504 | 33,485 | 35,681 | 33,330 | 32,796 | 32,981 | 35,130 | 33,336 | 32,596 | 32,912 | 35,251 | 34,241 | 33,789 | 33,554 | 34,067 | 32,915 | |
Revenue Growth (YoY) | -0.73% | 2.85% | 1.96% | 1.47% | 5.21% | 1.53% | 1.57% | -0.02% | 0.61% | 0.21% | -0.34% | -2.64% | -3.53% | -1.91% | 3.48% | 4.03% | 0.07% | 2.09% | -1.80% | 4.35% |
Cost of Revenue | 13,084 | 13,673 | 16,478 | 13,346 | 13,885 | 13,056 | 15,514 | 13,240 | 12,471 | 12,872 | 15,182 | 13,437 | 12,764 | 13,504 | 15,762 | 14,601 | 14,420 | 14,350 | 14,996 | 13,528 |
Gross Profit | 21,169 | 20,767 | 19,903 | 20,475 | 20,619 | 20,429 | 20,167 | 20,090 | 20,325 | 20,109 | 19,948 | 19,899 | 19,832 | 19,408 | 19,489 | 19,640 | 19,369 | 19,204 | 19,071 | 19,387 |
Selling, General & Admin | 8,982 | 7,633 | 10,380 | 7,752 | 7,812 | 7,874 | 8,240 | 9,706 | 8,024 | 8,143 | 8,991 | 7,995 | 8,253 | 7,506 | 8,046 | 7,422 | 7,496 | 7,172 | 7,412 | 6,521 |
Depreciation & Amortization Expenses | 5,008 | 4,892 | 4,519 | 4,618 | 4,635 | 4,577 | 4,506 | 4,458 | 4,483 | 4,445 | 4,516 | 4,431 | 4,359 | 4,318 | 4,218 | 4,324 | 4,321 | 4,236 | 4,051 | 3,961 |
Total Operating Expenses | 13,990 | 12,525 | 14,899 | 12,370 | 12,447 | 12,451 | 12,746 | 14,164 | 12,507 | 12,588 | 13,507 | 12,426 | 12,612 | 11,824 | 12,264 | 11,746 | 11,817 | 11,408 | 11,463 | 10,482 |
Operating Income | 7,179 | 8,242 | 5,004 | 8,105 | 8,172 | 7,978 | 7,421 | 5,926 | 7,818 | 7,521 | 600 | 7,473 | 7,220 | 7,584 | 7,225 | 7,894 | 7,552 | 7,796 | 7,608 | 8,905 |
Interest Income | 44 | 5 | 3 | -6 | -3 | 6 | -6 | -24 | -14 | -9 | -11 | -18 | -33 | 9 | 4 | 2 | 41 | -3 | 135 | 1 |
Interest Expense | -1,985 | -1,940 | -1,759 | -1,664 | -1,639 | -1,632 | -1,644 | -1,672 | -1,698 | -1,635 | -1,599 | -1,433 | -1,285 | -1,207 | -1,105 | -937 | -785 | -786 | -739 | -801 |
Other Non-Operating Income (Expense) | 36 | 477 | -185 | 92 | 79 | 121 | 797 | 72 | -72 | 198 | -807 | 170 | 210 | 114 | 2,687 | -439 | 49 | -924 | -860 | 269 |
Total Non-Operating Income (Expense) | -1,905 | -1,458 | -1,941 | -1,578 | -1,563 | -1,505 | -853 | -1,624 | -1,784 | -1,446 | -2,417 | -1,281 | -1,108 | -1,084 | 1,586 | -1,374 | -695 | -1,713 | -1,464 | -531 |
Pretax Income | 5,274 | 6,784 | 3,063 | 6,527 | 6,609 | 6,473 | 6,568 | 4,302 | 6,034 | 6,075 | -1,817 | 6,192 | 6,112 | 6,500 | 8,811 | 6,520 | 6,857 | 6,083 | 6,144 | 8,374 |
Provision for Income Taxes | 1,325 | 1,638 | 615 | 1,471 | 1,488 | 1,490 | 1,454 | 891 | 1,332 | 1,353 | 756 | 1,308 | 1,346 | 1,482 | 2,113 | 1,496 | 1,542 | 1,372 | 1,407 | 1,820 |
Net Income | 3,949 | 5,146 | 2,448 | 5,056 | 5,121 | 4,983 | 5,114 | 3,411 | 4,702 | 4,722 | -2,573 | 4,884 | 4,766 | 5,018 | 6,698 | 5,024 | 5,315 | 4,711 | 4,737 | 6,554 |
Minority Interest in Earnings | 114 | 101 | 106 | 106 | 118 | 104 | 109 | 105 | 109 | 120 | 132 | 122 | 118 | 109 | 121 | 124 | 116 | 131 | 124 | 147 |
Net Income to Common | 3,835 | 5,045 | 2,342 | 4,950 | 5,003 | 4,879 | 5,005 | 3,306 | 4,593 | 4,602 | -2,705 | 4,762 | 4,648 | 4,909 | 6,577 | 4,900 | 5,199 | 4,580 | 4,613 | 6,407 |
Net Income Growth (YoY) | -23.35% | 3.40% | -53.21% | 49.73% | 8.93% | 6.02% | - | -30.58% | -1.18% | -6.25% | - | -2.82% | -10.60% | 7.18% | 42.58% | -23.52% | -10.36% | -12.68% | 0.55% | 47.05% |
Shares Outstanding (Basic) | 4,168 | 4,205 | 4,230 | 4,228 | 4,224 | 4,222 | 4,222 | 4,220 | 4,215 | 4,215 | 4,214 | 4,213 | 4,208 | 4,207 | 4,204 | 4,213 | 4,201 | 4,201 | 4,167 | 4,142 |
Shares Outstanding (Diluted) | 4,171 | 4,210 | 4,236 | 4,233 | 4,228 | 4,226 | 4,227 | 4,225 | 4,221 | 4,219 | 4,214 | 4,216 | 4,213 | 4,211 | 4,207 | 4,216 | 4,202 | 4,202 | 4,169 | 4,144 |
Shares Change (YoY) | -1.35% | -0.38% | 0.21% | 0.19% | 0.17% | 0.17% | 0.31% | 0.21% | 0.19% | 0.19% | 0.17% | - | 0.26% | 0.21% | 0.91% | 1.74% | 1.42% | 1.45% | 0.63% | 0.05% |
EPS (Basic) | 0.92 | 1.20 | 0.55 | 1.17 | 1.18 | 1.16 | 1.19 | 0.78 | 1.09 | 1.09 | -0.64 | 1.13 | 1.10 | 1.17 | 1.56 | 1.13 | 1.24 | 1.09 | 1.11 | 1.55 |
EPS (Diluted) | 0.92 | 1.20 | 0.55 | 1.17 | 1.18 | 1.15 | 1.18 | 0.78 | 1.09 | 1.09 | -0.64 | 1.13 | 1.10 | 1.17 | 1.56 | 1.13 | 1.24 | 1.09 | 1.11 | 1.55 |
EPS Growth (YoY) | -22.03% | 4.35% | -53.39% | 50.00% | 8.26% | 5.50% | - | -30.97% | -0.91% | -6.84% | - | 0% | -11.29% | 7.34% | 40.54% | -27.10% | -11.43% | -14.17% | 0% | 47.62% |
Free Cash Flow | 6,426 | 3,783 | 4,366 | 6,956 | 5,167 | 3,637 | 5,361 | 5,963 | 5,790 | 2,708 | 4,074 | 6,684 | 5,619 | 2,331 | 1,666 | 5,214 | 6,174 | 1,000 | 1,952 | 5,579 |
Free Cash Flow Growth (YoY) | 24.37% | 4.01% | -18.56% | 16.65% | -10.76% | 34.31% | 31.59% | -10.79% | 3.04% | 16.17% | 144.54% | 28.19% | -8.99% | 133.10% | -14.65% | -6.54% | -5.34% | -80.77% | -62.97% | 21.23% |
Free Cash Flow Per Share | 1.54 | 0.90 | 1.03 | 1.64 | 1.22 | 0.86 | 1.27 | 1.41 | 1.37 | 0.64 | 0.97 | 1.59 | 1.33 | 0.55 | 0.40 | 1.24 | 1.47 | 0.24 | 0.47 | 1.35 |
Dividends Per Share | 0.708 | 0.708 | 0.690 | 0.690 | 0.677 | 0.677 | 0.677 | 0.677 | 0.665 | 0.665 | 0.665 | 0.665 | 0.652 | 0.652 | 0.652 | 0.652 | 0.640 | 0.640 | 0.640 | 0.640 |
Dividend Growth (YoY) | 4.43% | 4.43% | 1.85% | 1.85% | 1.88% | 1.88% | 1.88% | 1.88% | 1.92% | 1.92% | 1.92% | 1.92% | 1.95% | 1.95% | 1.95% | 1.95% | 1.99% | 1.99% | 1.99% | 1.99% |
Gross Margin | 61.80% | 60.30% | 54.71% | 60.54% | 59.76% | 61.01% | 56.52% | 60.28% | 61.97% | 60.97% | 56.78% | 59.69% | 60.84% | 58.97% | 55.29% | 57.36% | 57.32% | 57.23% | 55.98% | 58.90% |
Operating Margin | 20.96% | 23.93% | 13.75% | 23.96% | 23.68% | 23.83% | 20.80% | 17.78% | 23.84% | 22.80% | 1.71% | 22.42% | 22.15% | 23.04% | 20.50% | 23.05% | 22.35% | 23.23% | 22.33% | 27.05% |
Profit Margin | 11.53% | 14.94% | 6.73% | 14.95% | 14.84% | 14.88% | 14.33% | 10.23% | 14.34% | 14.32% | -7.32% | 14.65% | 14.62% | 15.25% | 19.00% | 14.67% | 15.73% | 14.04% | 13.91% | 19.91% |
FCF Margin | 18.76% | 10.98% | 12.00% | 20.57% | 14.98% | 10.86% | 15.02% | 17.89% | 17.65% | 8.21% | 11.60% | 20.05% | 17.24% | 7.08% | 4.73% | 15.23% | 18.27% | 2.98% | 5.73% | 16.95% |
EBITDA | 12,187 | 13,134 | 9,523 | 12,723 | 12,807 | 12,555 | 11,927 | 10,384 | 12,301 | 11,966 | 5,116 | 11,904 | 11,579 | 11,902 | 11,443 | 12,218 | 11,873 | 12,032 | 11,659 | 12,866 |
EBITDA Margin | 35.58% | 38.14% | 26.18% | 37.62% | 37.12% | 37.49% | 33.43% | 31.16% | 37.51% | 36.28% | 14.56% | 35.71% | 35.52% | 36.16% | 32.46% | 35.68% | 35.14% | 35.86% | 34.22% | 39.09% |
EBIT | 7,179 | 8,242 | 5,004 | 8,105 | 8,172 | 7,978 | 7,421 | 5,926 | 7,818 | 7,521 | 600 | 7,473 | 7,220 | 7,584 | 7,225 | 7,894 | 7,552 | 7,796 | 7,608 | 8,905 |
EBIT Margin | 20.96% | 23.93% | 13.75% | 23.96% | 23.68% | 23.83% | 20.80% | 17.78% | 23.84% | 22.80% | 1.71% | 22.42% | 22.15% | 23.04% | 20.50% | 23.05% | 22.35% | 23.23% | 22.33% | 27.05% |
Effective Tax Rate | 25.12% | 24.14% | 20.08% | 22.54% | 22.51% | 23.02% | 22.14% | 20.71% | 22.07% | 22.27% | -41.61% | 21.12% | 22.02% | 22.80% | 23.98% | 22.94% | 22.49% | 22.55% | 22.90% | 21.73% |