Verizon Communications Inc. (VZ)
NYSE: VZ · Real-Time Price · USD
45.08
+1.42 (3.25%)
Oct 30, 2026, 12:50 PM EDT - Market open
Verizon Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
| 34,313 | 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 | |
Revenue Growth (YoY) | 1.46% | -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% |
Cost of Revenue | 13,088 | 13,026 | 13,673 | 16,273 | 13,346 | 13,885 | 13,056 | 15,514 | 13,051 | 12,471 | 12,872 | 15,174 | 13,377 | 12,750 | 13,504 | 15,762 | 14,601 | 14,420 | 14,350 | 14,996 |
Gross Profit | 21,225 | 21,227 | 20,767 | 20,108 | 20,475 | 20,619 | 20,429 | 20,167 | 20,279 | 20,325 | 20,109 | 19,956 | 19,959 | 19,846 | 19,408 | 19,489 | 19,640 | 19,369 | 19,204 | 19,071 |
Selling, General & Admin | 7,480 | 8,341 | 7,201 | 7,953 | 7,763 | 7,950 | 7,968 | 7,815 | 7,844 | 8,393 | 8,037 | 8,238 | 7,706 | 7,862 | 7,493 | 7,641 | 7,294 | 7,297 | 6,873 | 6,955 |
Operating Expenses | 12,575 | 13,349 | 12,093 | 12,472 | 12,381 | 12,585 | 12,545 | 12,321 | 12,302 | 12,876 | 12,482 | 12,754 | 12,116 | 12,221 | 11,811 | 11,859 | 11,618 | 11,618 | 11,109 | 11,006 |
Operating Income | 8,650 | 7,878 | 8,674 | 7,636 | 8,094 | 8,034 | 7,884 | 7,846 | 7,977 | 7,449 | 7,627 | 7,202 | 7,843 | 7,625 | 7,597 | 7,630 | 8,022 | 7,751 | 8,095 | 8,065 |
Interest Expense | -1,950 | -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 |
Interest & Investment Income | - | 72 | 147 | 143 | 68 | 55 | 63 | 78 | 97 | 83 | 78 | 89 | 98 | 92 | 75 | 83 | 32 | 21 | 10 | 11 |
Earnings From Equity Investments | -3 | 44 | 5 | 3 | -6 | -3 | 6 | -6 | -24 | -14 | -9 | -11 | -18 | -33 | 9 | 4 | 2 | 41 | -3 | 135 |
Currency Exchange Gain (Loss) | - | -10 | -12 | -5 | -8 | 60 | 29 | -48 | 21 | -1 | -22 | 42 | -39 | 12 | 10 | 72 | -75 | -66 | -28 | -62 |
Other Non Operating Income (Expenses) | 120 | -87 | 76 | -273 | 1 | 14 | 33 | -422 | -80 | 262 | 32 | -43 | 11 | 24 | -54 | -235 | 71 | 93 | 36 | 40 |
EBT Excluding Unusual Items | 6,817 | 5,912 | 6,950 | 5,745 | 6,485 | 6,521 | 6,383 | 5,804 | 6,319 | 6,081 | 6,071 | 5,680 | 6,462 | 6,435 | 6,430 | 6,449 | 7,115 | 7,055 | 7,324 | 7,450 |
Merger & Restructuring Charges | - | -790 | -261 | -2,337 | -52 | - | - | -374 | -1,733 | - | - | -776 | -355 | - | - | -304 | - | - | - | -106 |
Impairment of Goodwill | - | - | - | - | - | - | - | - | - | - | - | -5,868 | - | - | - | -16 | - | - | - | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | -106 | -100 | - | - | - | - | - | - | - | - |
Other Unusual Items | - | 152 | 95 | -345 | 94 | 88 | 90 | 1,138 | -284 | -47 | 110 | -753 | 85 | -323 | 70 | 2,682 | -595 | -198 | -1,241 | -1,200 |
Pretax Income | 6,817 | 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 |
Income Tax Expense | 1,497 | 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 |
Earnings From Continuing Operations | 5,320 | 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 |
Minority Interest in Earnings | -122 | -114 | -101 | -106 | -106 | -118 | -104 | -109 | -105 | -109 | -120 | -132 | -122 | -118 | -109 | -121 | -124 | -116 | -131 | -124 |
Net Income | 5,198 | 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 |
Net Income to Common | 5,198 | 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 |
Net Income Growth (YoY) | 5.01% | -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% |
Shares Outstanding (Basic) | 4,157 | 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 | 4,202 | 4,201 | 4,201 | 4,167 |
Shares Outstanding (Diluted) | 4,161 | 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 | 4,204 | 4,202 | 4,202 | 4,169 |
Shares Change (YoY) | -1.70% | -1.35% | -0.38% | 0.21% | 0.19% | 0.17% | 0.17% | 0.31% | 0.21% | 0.19% | 0.19% | 0.17% | 0.29% | 0.26% | 0.21% | 0.91% | 1.45% | 1.42% | 1.45% | 0.63% |
EPS (Basic) | 1.25 | 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 | 1.17 | 1.24 | 1.09 | 1.11 |
EPS (Diluted) | 1.25 | 0.92 | 1.20 | 0.55 | 1.17 | 1.18 | 1.15 | 1.18 | 0.78 | 1.09 | 1.09 | -0.65 | 1.13 | 1.10 | 1.17 | 1.56 | 1.17 | 1.24 | 1.09 | 1.11 |
EPS Growth (YoY) | 6.84% | -22.03% | 4.33% | -53.32% | 50.00% | 8.29% | 5.50% | - | -30.97% | -0.94% | -6.59% | - | -3.10% | -11.12% | 7.05% | 41.32% | -24.61% | -11.60% | -13.94% | -0.11% |
Additional Metrics
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 7,801 | 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 |
Free Cash Flow Per Share | 1.88 | 1.54 | 0.90 | 1.03 | 1.64 | 1.22 | 0.86 | 1.27 | 1.41 | 1.37 | 0.64 | 0.97 | 1.58 | 1.33 | 0.55 | 0.40 | 1.24 | 1.47 | 0.24 | 0.47 |
Dividend Per Share | 0.708 | 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 |
Dividend Growth (YoY) | 2.54% | 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% |
Gross Margin | 61.86% | 61.97% | 60.30% | 55.27% | 60.54% | 59.76% | 61.01% | 56.52% | 60.84% | 61.97% | 60.97% | 56.81% | 59.87% | 60.88% | 58.97% | 55.29% | 57.36% | 57.32% | 57.23% | 55.98% |
Operating Margin | 25.21% | 23.00% | 25.19% | 20.99% | 23.93% | 23.28% | 23.54% | 21.99% | 23.93% | 22.71% | 23.13% | 20.50% | 23.53% | 23.39% | 23.08% | 21.64% | 23.43% | 22.94% | 24.13% | 23.67% |
Profit Margin | 15.15% | 11.20% | 14.65% | 6.44% | 14.64% | 14.50% | 14.57% | 14.03% | 9.92% | 14.01% | 13.95% | -7.70% | 14.29% | 14.26% | 14.92% | 18.66% | 14.31% | 15.39% | 13.65% | 13.54% |
Free Cash Flow Margin | 22.73% | 18.76% | 10.98% | 12.00% | 20.57% | 14.97% | 10.86% | 15.02% | 17.89% | 17.66% | 8.21% | 11.60% | 20.05% | 17.24% | 7.08% | 4.73% | 15.23% | 18.27% | 2.98% | 5.73% |
EBITDA | 13,745 | 12,886 | 13,566 | 12,155 | 12,712 | 12,669 | 12,461 | 12,352 | 12,435 | 11,932 | 12,072 | 11,718 | 12,253 | 11,984 | 11,915 | 11,848 | 12,346 | 12,072 | 12,331 | 12,116 |
EBITDA Margin | 40.06% | 37.62% | 39.39% | 33.41% | 37.59% | 36.72% | 37.21% | 34.62% | 37.31% | 36.38% | 36.60% | 33.36% | 36.76% | 36.77% | 36.20% | 33.61% | 36.06% | 35.73% | 36.75% | 35.57% |
D&A For EBITDA | 5,095 | 5,008 | 4,892 | 4,519 | 4,618 | 4,635 | 4,577 | 4,506 | 4,458 | 4,483 | 4,445 | 4,516 | 4,410 | 4,359 | 4,318 | 4,218 | 4,324 | 4,321 | 4,236 | 4,051 |
EBIT | 8,650 | 7,878 | 8,674 | 7,636 | 8,094 | 8,034 | 7,884 | 7,846 | 7,977 | 7,449 | 7,627 | 7,202 | 7,843 | 7,625 | 7,597 | 7,630 | 8,022 | 7,751 | 8,095 | 8,065 |
EBIT Margin | 25.21% | 23.00% | 25.19% | 20.99% | 23.93% | 23.28% | 23.54% | 21.99% | 23.93% | 22.71% | 23.13% | 20.50% | 23.53% | 23.39% | 23.08% | 21.64% | 23.43% | 22.94% | 24.13% | 23.67% |
Effective Tax Rate | 21.96% | 25.12% | 24.14% | 20.08% | 22.54% | 22.52% | 23.02% | 22.14% | 20.71% | 22.07% | 22.27% | - | 21.12% | 22.02% | 22.80% | 23.98% | 22.95% | 22.49% | 22.55% | 22.90% |
Revenue as Reported | 34,313 | 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 |