Verizon Communications Inc. (VZ) quarterly income statement — complete revenue, gross profit & net income history
Verizon Communications Inc. (VZ) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 34.25B | 34.44B | 36.38B | 33.82B | 34.5B | 33.48B | 35.68B | 33.33B | 32.8B | 32.98B | 35.13B | 33.34B | 32.6B | 32.91B | 35.25B | 34.24B | 33.79B | 33.55B | 34.07B | 32.91B |
| Revenue Growth % | -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% | -1.8% | 4.35% |
| Cost of Revenue | 18.09B | 13.67B | 7.1B | 17.96B | 18.52B | 17.63B | 20.02B | 17.7B | 16.95B | 17.32B | 19.7B | 17.87B | 17.12B | 17.82B | 19.98B | 18.93B | 18.74B | 18.59B | 19.05B | 17.49B |
| Gross Profit | 16.16B | 20.77B | 29.28B | 15.86B | 15.98B | 15.85B | 15.66B | 15.63B | 15.84B | 15.66B | 15.43B | 15.47B | 15.47B | 15.09B | 15.27B | 15.32B | 15.05B | 14.97B | 15.02B | 15.43B |
| Gross Margin % | 47.18% | 60.3% | 80.49% | 46.89% | 46.33% | 47.34% | 43.89% | 46.9% | 48.3% | 47.49% | 43.93% | 46.4% | 47.47% | 45.85% | 43.32% | 44.73% | 44.54% | 44.61% | 44.09% | 46.87% |
| Gross Profit Growth % | 1.11% | 31.01% | 86.98% | 1.44% | 0.9% | 1.2% | 1.48% | 1.06% | 2.38% | 3.8% | 1.05% | 0.99% | 2.82% | 0.82% | 1.67% | -0.71% | -2.85% | -1.34% | -4.17% | 2.72% |
| Operating Expenses | 8.98B | 12.53B | 24.28B | 7.75B | 7.81B | 7.87B | 8.24B | 7.79B | 8.02B | 8.04B | 8.99B | 7.88B | 8.02B | 7.51B | 8.05B | 7.42B | 7.5B | 7.17B | 7.41B | 7.12B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 12.19B | 13.13B | 9.52B | 12.72B | 12.81B | 12.55B | 11.93B | 12.3B | 12.3B | 12.07B | 10.96B | 12.02B | 11.82B | 11.9B | 11.44B | 12.22B | 11.87B | 12.03B | 11.66B | 12.26B |
| EBITDA Margin % | 35.58% | 38.14% | 26.18% | 37.62% | 37.12% | 37.49% | 33.43% | 36.91% | 37.51% | 36.6% | 31.19% | 36.05% | 36.25% | 36.16% | 32.46% | 35.68% | 35.14% | 35.86% | 34.22% | 37.26% |
| EBITDA Growth % | -4.84% | 4.61% | -20.16% | 3.42% | 4.11% | 4% | 8.85% | 2.37% | 4.1% | 1.43% | -4.25% | -1.65% | -0.48% | -1.08% | -1.85% | -0.37% | -2.56% | -1.11% | 3.63% | 3.31% |
| Depreciation & Amortization | 5.01B | 4.89B | 4.52B | 4.62B | 4.63B | 4.58B | 4.51B | 4.46B | 4.48B | 4.45B | 4.52B | 4.43B | 4.36B | 4.32B | 4.22B | 4.32B | 4.32B | 4.24B | 4.05B | 3.96B |
| D&A / Revenue % | 14.62% | 14.2% | 12.42% | 13.65% | 13.43% | 13.67% | 12.63% | 13.38% | 13.67% | 13.48% | 12.86% | 13.29% | 13.37% | 13.12% | 11.97% | 12.63% | 12.79% | 12.62% | 11.89% | 12.03% |
| Operating Income (EBIT) | 7.18B | 8.24B | 5B | 8.11B | 8.17B | 7.98B | 7.42B | 7.84B | 7.82B | 7.63B | 6.44B | 7.59B | 7.46B | 7.58B | 7.22B | 7.89B | 7.55B | 7.8B | 7.61B | 8.3B |
| Operating Margin % | 20.96% | 23.93% | 13.75% | 23.96% | 23.68% | 23.83% | 20.8% | 23.53% | 23.84% | 23.13% | 18.33% | 22.76% | 22.88% | 23.04% | 20.5% | 23.05% | 22.35% | 23.23% | 22.33% | 25.22% |
| Operating Income Growth % | -12.15% | 3.31% | -32.57% | 3.33% | 4.53% | 4.6% | 15.21% | 3.4% | 4.84% | 0.57% | -10.85% | -3.9% | -1.26% | -2.72% | -5.03% | -4.91% | -7.51% | -2.46% | 7.85% | 8.13% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 3.62x | 4.50x | 2.74x | 4.92x | 5.03x | 4.97x | 4.99x | 3.58x | 4.55x | 4.71x | -0.14x | 5.32x | 5.76x | 6.39x | 8.97x | 7.96x | 9.74x | 8.74x | 9.31x | 11.45x |
| Interest / Revenue % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K |
| Pretax Income | 5.27B | 6.78B | 3.06B | 6.53B | 6.61B | 6.47B | 6.57B | 4.3B | 6.03B | 6.08B | -1.82B | 6.19B | 6.11B | 6.5B | 8.81B | 6.52B | 6.86B | 6.08B | 6.14B | 8.37B |
| Pretax Margin % | 15.4% | 19.7% | 8.42% | 19.3% | 19.15% | 19.33% | 18.41% | 12.91% | 18.4% | 18.42% | -5.17% | 18.57% | 18.75% | 19.75% | 25% | 19.04% | 20.29% | 18.13% | 18.04% | 25.44% |
| Income Tax | 1.32B | 1.64B | 615M | 1.47B | 1.49B | 1.49B | 1.45B | 891M | 1.33B | 1.35B | 756M | 1.31B | 1.35B | 1.48B | 2.11B | 1.5B | 1.54B | 1.37B | 1.41B | 1.82B |
| Effective Tax Rate % | 25.12% | 24.15% | 20.08% | 22.54% | 22.51% | 23.02% | 22.14% | 20.71% | 22.07% | 22.27% | -41.61% | 21.12% | 22.02% | 22.8% | 23.98% | 22.94% | 22.49% | 22.55% | 22.9% | 21.73% |
| Net Income | 3.83B | 5.04B | 2.34B | 4.95B | 5B | 4.88B | 5B | 3.31B | 4.59B | 4.6B | -2.71B | 4.76B | 4.65B | 4.91B | 6.58B | 4.9B | 5.2B | 4.58B | 4.61B | 6.41B |
| Net Margin % | 11.2% | 14.65% | 6.44% | 14.64% | 14.5% | 14.57% | 14.03% | 9.92% | 14% | 13.95% | -7.7% | 14.28% | 14.26% | 14.92% | 18.66% | 14.31% | 15.39% | 13.65% | 13.54% | 19.47% |
| Net Income Growth % | -23.35% | 3.4% | -53.21% | 49.73% | 8.93% | 6.02% | 285.03% | -30.58% | -1.18% | -6.25% | -141.13% | -2.82% | -10.6% | 7.18% | 42.58% | -23.52% | -10.36% | -12.68% | 0.54% | 47.05% |
| 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 | 1.17 | 1.24 | 1.09 | 1.11 | 1.55 |
| EPS Growth % | -22.03% | 4.35% | -53.39% | 50% | 8.26% | 5.5% | 284.38% | -30.97% | -0.91% | -6.84% | -141.03% | -3.42% | -11.29% | 7.34% | 40.54% | -24.52% | -11.43% | -14.17% | 0% | 47.62% |
| 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 | 1.17 | 1.24 | 1.09 | 1.11 | 1.55 |
| Diluted Shares Outstanding | 4.17B | 4.21B | 4.23B | 4.23B | 4.23B | 4.23B | 4.22B | 4.22B | 4.22B | 4.22B | 4.21B | 4.22B | 4.21B | 4.21B | 4.21B | 4.2B | 4.2B | 4.2B | 4.17B | 4.14B |