Verizon Communications Inc.

VZNYSE

$43.79

Last price · USD

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Verizon Communications Inc. income statement

Annual · USD millions except per-share data · 26 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	138,191	134,788	133,974	136,835	133,613	+0.8%
Cost of revenue	75,114	71,989	72,511	76,232	72,507	+0.9%
Gross profit	63,077	62,799	61,463	60,603	61,106	+0.8%
Operating expenses & income
General & administrative	0	28,219	0	0	0	—
Selling & marketing	0	3,976	0	0	0	—
SG&A (combined)	33,818	32,195	32,632	30,136	29,141	+3.8%
Total operating expenses	33,818	32,195	32,632	30,136	29,141	+3.8%
Cost and expenses	108,932	104,184	105,143	106,368	101,648	+1.7%
Operating income	29,259	30,604	28,831	30,467	31,965	-2.2%
Non-operating & other
Interest income	329	336	354	146	48	+61.8%
Interest expense	6,694	6,653	5,525	3,582	3,498	+17.6%
Net interest income	(6,365)	(6,317)	(5,171)	(3,436)	(3,450)	—
Non-operating income (excl. interest)	(107)	972	6,319	(1,386)	(953)	—
Total other income (expenses), net	(6,587)	(7,625)	(11,844)	(2,196)	(2,545)	—
Profitability
Depreciation & amortization	18,349	17,892	17,624	17,099	16,206	+3.2%
Income before tax	22,672	22,979	16,987	28,271	29,420	-6.3%
Income tax expense	5,064	5,030	4,892	6,523	6,802	-7.1%
Net income from continuing operations	17,608	17,949	12,095	21,748	22,618	-6.1%
Net income	17,174	17,506	11,614	21,256	22,065	-6.1%
Bottom line net income	17,174	17,506	11,614	21,256	22,065	-6.1%
Additional fields
Ebit	29,366	29,632	22,512	31,853	32,918	-2.8%
Ebitda	47,715	47,524	40,136	48,952	49,124	-0.7%
Eps	$4.06	$4.15	$2.76	$5.06	$5.32	-6.5%
Eps Diluted	$4.06	$4.15	$2.75	$5.06	$5.32	-6.5%
Weighted Average Shs Out	4,226	4,218	4,211	4,202	4,148	+0.5%
Weighted Average Shs Out Dil	4,231	4,218	4,215	4,204	4,150	+0.5%