Verizon Communications Inc. (VZ) — Financial statements
Income statement, balance sheet, and cash flow for Verizon Communications Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 138,191↑2.5% | 134,788↑0.6% | 133,974↓2.1% | 136,835↑2.4% | 133,613 | |
| Cost of Revenue | 75,114↑4.3% | 71,989↓0.7% | 72,511↓4.9% | 76,232↑5.1% | 72,507 | |
| Gross Profit | 63,077↑0.4% | 62,799↑2.2% | 61,463↑1.4% | 60,603↓0.8% | 61,106 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 28,113 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 3,976 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 33,818↑5.0% | 32,195↓1.3% | 32,632↑8.3% | 30,136↑3.4% | 29,141 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 33,818↑5.0% | 32,195↓1.3% | 32,632↑8.3% | 30,136↑3.4% | 29,141 | |
| Total Costs & Expenses | 108,932↑4.6% | 104,184↓0.9% | 105,143↓1.2% | 106,368↑4.6% | 101,648 | |
| Operating Results | ||||||
| Operating Income | 29,259↓4.4% | 30,604↑6.1% | 28,831↓5.4% | 30,467↓4.7% | 31,965 | |
| Depreciation & Amortization | 18,349↑2.6% | 17,892↑1.5% | 17,624↑3.1% | 17,099↑5.5% | 16,206 | |
| EBITDA | 47,715↑0.4% | 47,524↑18.4% | 40,136↓18.0% | 48,952↓0.4% | 49,124 | |
| EBIT | 29,366↓0.9% | 29,632↑31.6% | 22,512↓29.3% | 31,853↓3.2% | 32,918 | |
| Interest & Other Income | ||||||
| Net Interest Income | -6,694↓6.0% | -6,317↓22.2% | -5,171↓50.5% | -3,436↑0.4% | -3,450 | |
| Interest Income | 0.00↓100.0% | 336↓5.1% | 354↑142.5% | 146↑204.2% | 48 | |
| Interest Expense | 6,694↑0.6% | 6,653↑20.4% | 5,525↑54.2% | 3,582↑2.4% | 3,498 | |
| Non-Operating Income | -107↓111.0% | 972↓84.6% | 6,319↑555.9% | -1,386↓45.4% | -953 | |
| Other Income / Expenses | -6,587↑13.6% | -7,625↑35.6% | -11,844↓439.3% | -2,196↑13.7% | -2,545 | |
| Income Before Tax | 22,672↓1.3% | 22,979↑35.3% | 16,987↓39.9% | 28,271↓3.9% | 29,420 | |
| Income Tax Expense | 5,064↑0.7% | 5,030↑2.8% | 4,892↓25.0% | 6,523↓4.1% | 6,802 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 17,608↓1.9% | 17,949↑48.4% | 12,095↓44.4% | 21,748↓3.8% | 22,618 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 17,174↓1.9% | 17,506↑50.7% | 11,614↓45.4% | 21,256↓3.7% | 22,065 | |
| Bottom-Line Net Income | 17,174↓1.9% | 17,506↑50.7% | 11,614↓45.4% | 21,256↓3.7% | 22,065 | |
| EPS (Basic) | 4.06↓2.2% | 4.15↑50.4% | 2.76↓45.5% | 5.06↓4.9% | 5.32 | |
| EPS (Diluted) | 4.06↓2.2% | 4.15↑50.9% | 2.75↓45.7% | 5.06↓4.9% | 5.32 | |
| Weighted Average Shares | 4,226↑0.2% | 4,218↑0.2% | 4,211↑0.2% | 4,202↑1.3% | 4,148 | |
| Weighted Average Diluted Shares | 4,231↑0.3% | 4,218↑0.1% | 4,215↑0.3% | 4,204↑1.3% | 4,150 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.