Verizon Communications Inc. (VZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	138.9B	138.2B	134.8B	134.0B	136.8B
Cost of Revenue	56.8B	75.1B	72.0B	72.5B	76.2B
Gross Profit	82.1B	63.1B	62.8B	61.5B	60.6B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	34.7B	33.8B	32.2B	32.6B	30.1B
General & Admin Expense	—	—	28.2B	—	—
Selling & Marketing Expense	—	—	4.0B	—	—
Other Expenses	18.8B	—	—	—	—
Total Operating Expenses	53.5B	33.8B	32.2B	32.6B	30.1B
Cost and Expenses	110.4B	108.9B	104.2B	105.1B	106.4B
Operating Income (EBIT)	28.5B	29.3B	30.6B	28.8B	30.5B
Non-Operating
Interest Income	358.0M	329.0M	336.0M	354.0M	146.0M
Interest Expense	7.3B	6.7B	6.7B	5.5B	3.6B
Net Interest Income	(7.0B)	(6.4B)	(6.3B)	(5.2B)	(3.4B)
Other Non-Op Income/Expense	(6.9B)	(6.6B)	(7.6B)	(11.8B)	(2.2B)
Non-Operating Income (excl Interest)	(386.0M)	(107.0M)	972.0M	6.3B	(1.4B)
EBT (Pre-Tax Income)	21.6B	22.7B	23.0B	17.0B	28.3B
Income Tax Expense	5.0B	5.1B	5.0B	4.9B	6.5B
Bottom Line
Net Income	16.2B	17.2B	17.5B	11.6B	21.3B
Earnings from Cont. Ops	16.6B	17.6B	17.9B	12.1B	21.7B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	16.2B	17.2B	17.5B	11.6B	21.3B
Per Share
Basic EPS	$3.84	$4.06	$4.15	$2.76	$5.06
Diluted EPS	$3.84	$4.06	$4.15	$2.75	$5.06
Revenue Per Share	$33.32	$32.70	$31.96	$31.82	$32.56
Shares
Basic Shares Outstanding	4.2B	4.2B	4.2B	4.2B	4.2B
Diluted Shares Outstanding	4.2B	4.2B	4.2B	4.2B	4.2B
Profitability Metrics
EBITDA	48.0B	47.7B	47.5B	40.1B	49.0B
D&A	19.0B	18.3B	17.9B	17.6B	17.1B
EBIT	28.9B	29.4B	29.6B	22.5B	31.9B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026