Verizon Communications (VZ)

NYSE: VZ · Telephone Communications (No Radiotelephone) · New York, NY · filing with the SEC since 1994

Grade5.1

◀ Past 6.4● Present 4.6▶ Future 4.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 17, 2026	Feb 12, 2025	Feb 9, 2024	Feb 10, 2023	Feb 11, 2022	Feb 25, 2021	Feb 21, 2020	Feb 15, 2019	Feb 23, 2018	Feb 21, 2017
Revenue	138,191	134,788	133,974	136,835	133,613	128,292	131,868	130,863	126,034	125,980
For lenders
Provision for credit losses	·	·	·	·	·	·	915	459	718	692
Cost of revenue	·	·	·	·	·	·	·	·	22,147	22,238
Selling, general and administrative	33,818	34,113	32,745	30,136	28,658	31,573	29,896	31,083	28,592^r	28,102^r
Total costs and expenses	108,932	106,102	111,097	106,368	101,165	99,494	101,490	108,585	98,609^r	96,731^r
Operating income	29,259	28,686	22,877	30,467	32,448	28,798	30,378	22,278	27,425^r	29,249^r
Interest expense	6,694	6,649	5,524	3,613	3,485	4,247	4,730	4,833	4,733	4,376
Interest and investment income	329	336	354	146	48	65	121	94	82	59
Share of profit of equity-method investments	0	-53	-53	44	145	-45	-15	-186	-77	-98
Other income (expense), net	107	995	-313	1,373	312	-539	-2,900	2,364	-2,021^r	-3,789^r
Income before income taxes	22,672	22,979	16,987	28,271	29,420	23,967	22,733	19,623	20,594	20,986
Income tax expense	5,064	5,030	4,892	6,523	6,802	5,619	2,945	3,584	-9,956	7,378
Net income including non-controlling interests	17,608	17,949	12,095	21,748	22,618	18,348	19,788	16,039	30,550	13,608
Net income to non-controlling interests	434	443	481	492	553	547	523	511	449	481
Net income	17,174	17,506	11,614	21,256	22,065	17,801	19,265	15,528	30,101	13,127
Earnings per share, basic	4.06	4.15	2.76	5.06	5.32	4.30	4.66	3.76	7.37	3.22
Earnings per share, diluted	4.06	4.14	2.75	5.06	5.32	4.30	4.65	3.76	7.36	3.21
Weighted average shares, basic	4,226	4,218	4,211	4,202	4,148	4,140	4,138	4,128	4,084	4,080
Weighted average shares, diluted	4,231	4,223	4,215	4,204	4,150	4,142	4,140	4,132	4,089	4,086

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsSold

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton VZ · research, not advice