Income Statement
VERIZON COMMUNICATIONS INC
VZ
Performance Overview
Click any row in the table to add it to this chart
in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY | Dec 31, 2016 2016 FY | Dec 31, 2015 2015 FY | Dec 31, 2014 2014 FY | Dec 31, 2013 2013 FY | Dec 31, 2012 2012 FY | Dec 31, 2011 2011 FY | Dec 31, 2010 2010 FY | Dec 31, 2009 2009 FY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
138,191.00 | 134,788.00 | 133,974.00 | 136,835.00 | 133,613.00 | 128,292.00 | 131,868.00 | 130,863.00 | 126,034.00 | 125,980.00 | 131,620.00 | 127,079.00 | 120,550.00 | 115,846.00 | 110,875.00 | 106,565.00 | 107,808.00 |
|
Cost of Revenue
|
28,976.00 | 26,100.00 | 28,100.00 | 30,496.00 | 25,067.00 | 19,800.00 | 5,645.00 | 5,292.00 | 5,451.00 | 5,068.00 | 4,258.00 | 50,157.00 | 45,576.00 | 46,903.00 | 46,244.00 | 44,149.00 | 44,299.00 |
|
Gross Profit
|
109,215.00 | 108,688.00 | 105,874.00 | 106,339.00 | 108,546.00 | 108,492.00 | 126,223.00 | 125,571.00 | 120,583.00 | 120,912.00 | 127,362.00 | 76,922.00 | 74,974.00 | 68,943.00 | 64,631.00 | 62,416.00 | 63,509.00 |
|
Operating Expenses
|
33,818.00 | 34,113.00 | 32,745.00 | 30,136.00 | 28,658.00 | 31,573.00 | 29,896.00 | 32,588.00 | 30,110.00 | 31,569.00 | 29,986.00 | 41,016.00 | 31,771.00 | 39,951.00 | 35,624.00 | 31,366.00 | 32,950.00 |
|
Research & Development
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Selling, General & Administrative
|
33,818.00 | 34,113.00 | 32,745.00 | 30,136.00 | 28,658.00 | 31,573.00 | 29,896.00 | 32,588.00 | 30,110.00 | 31,569.00 | 29,986.00 | 41,016.00 | 31,771.00 | 39,951.00 | 35,624.00 | 31,366.00 | 32,950.00 |
|
Other Operating Expenses
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Operating Income
|
75,397.00 | 74,575.00 | 73,129.00 | 76,203.00 | 79,888.00 | 76,919.00 | 96,327.00 | 92,983.00 | 90,473.00 | 89,343.00 | 97,376.00 | 35,906.00 | 43,203.00 | 28,992.00 | 29,007.00 | 31,050.00 | 30,559.00 |
|
Non-Operating Income
|
52,725.00 | 51,596.00 | 56,142.00 | 47,932.00 | 50,468.00 | 52,952.00 | 73,594.00 | 73,360.00 | 69,879.00 | 68,357.00 | 69,136.00 | 20,636.00 | 13,926.00 | 19,095.00 | 18,524.00 | - | - |
|
Interest Income
|
329.00 | 336.00 | 354.00 | 146.00 | 48.00 | 65.00 | 121.00 | 94.00 | - | - | - | - | - | - | - | - | - |
|
Interest Expense
|
- | - | 5,524.00 | 3,613.00 | 3,485.00 | 4,247.00 | 4,730.00 | 4,833.00 | 4,733.00 | 4,376.00 | 4,920.00 | 4,915.00 | 2,667.00 | 2,571.00 | 2,827.00 | 2,523.00 | 3,102.00 |
|
Other Non-Op Income / Expense
|
107.00 | 995.00 | -313.00 | 1,373.00 | 312.00 | -539.00 | -2,900.00 | 2,364.00 | -77.00 | -98.00 | -86.00 | 1,780.00 | 142.00 | 324.00 | 444.00 | 508.00 | 553.00 |
|
Income Before Tax
|
22,672.00 | 22,979.00 | 16,987.00 | 28,271.00 | 29,420.00 | 23,967.00 | 22,733.00 | 19,623.00 | 20,594.00 | 20,986.00 | 28,240.00 | 15,270.00 | 29,277.00 | 9,897.00 | 10,483.00 | - | - |
|
Income Tax Expense
|
5,498.00 | 5,473.00 | 5,373.00 | 7,015.00 | 7,355.00 | 6,166.00 | 3,468.00 | 4,095.00 | -9,507.00 | 7,859.00 | 10,361.00 | 5,645.00 | 17,780.00 | 9,022.00 | 8,079.00 | 2,467.00 | 1,210.00 |
|
Non-Controlling Interest
|
434.00 | 443.00 | 481.00 | 492.00 | 553.00 | 547.00 | 523.00 | 511.00 | 449.00 | 481.00 | 496.00 | 2,331.00 | 12,050.00 | 9,682.00 | 7,794.00 | 7,668.00 | 6,707.00 |
|
Net Income
|
17,174.00 | 17,506.00 | 11,614.00 | 21,256.00 | 22,065.00 | 17,801.00 | 19,265.00 | 15,528.00 | 30,101.00 | 13,127.00 | 17,879.00 | 9,625.00 | 11,497.00 | 875.00 | 2,404.00 | 2,549.00 | 3,651.00 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY | Dec 31, 2016 2016 FY | Dec 31, 2015 2015 FY | Dec 31, 2014 2014 FY | Dec 31, 2013 2013 FY | Dec 31, 2012 2012 FY | Dec 31, 2011 2011 FY | Dec 31, 2010 2010 FY | Dec 31, 2009 2009 FY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
EBITDA
|
93,746.00 | 92,467.00 | 90,753.00 | 93,302.00 | 96,094.00 | 93,639.00 | 113,009.00 | 110,386.00 | 107,427.00 | 105,271.00 | 113,393.00 | 52,439.00 | 59,809.00 | 45,452.00 | 45,503.00 | 47,455.00 | 47,091.00 |
|
Earnings Per Share (Basic)
|
4.06 | 4.15 | 2.76 | 5.06 | 5.32 | 4.30 | 4.66 | 3.76 | 7.37 | 3.22 | 4.38 | 2.42 | 4.01 | 0.31 | 0.85 | 0.90 | 1.29 |
|
Diluted EPS
|
4.06 | 4.14 | 2.75 | 5.06 | 5.32 | 4.30 | 4.65 | 3.76 | 7.36 | 3.21 | 4.37 | 2.42 | 4.00 | 0.31 | 0.85 | 0.90 | 1.29 |
|
Weighted Average Shares
|
4,226.00 | 4,218.00 | 4,211.00 | 4,202.00 | 4,148.00 | 4,140.00 | 4,138.00 | 4,128.00 | 4,084.00 | 4,080.00 | 4,085.00 | 3,974.00 | 2,866.00 | 2,853.00 | 2,833.00 | 2,830.00 | 2,841.00 |
|
Diluted Weighted Avg Shares
|
4,231.00 | 4,223.00 | 4,215.00 | 4,204.00 | 4,150.00 | 4,142.00 | 4,140.00 | 4,132.00 | 4,089.00 | 4,086.00 | 4,093.00 | 3,981.00 | 2,874.00 | 2,862.00 | 2,839.00 | 2,833.00 | 2,841.00 |
|
Comprehensive Income
|
16,370.00 | 17,963.00 | 12,099.00 | 20,318.00 | 21,209.00 | 16,732.00 | 17,893.00 | 14,609.00 | 30,087.00 | 15,250.00 | 17,318.00 | 8,378.00 | 11,620.00 | 1,841.00 | 2,624.00 | 4,947.00 | 5,544.00 |