Verizon Communications Inc
NYSE:VZ

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Verizon Communications Inc
NYSE:VZ
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Price: 39.93 USD -0.1% Market Closed
Market Cap: 168.1B USD
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Income Statement

Earnings Waterfall
Verizon Communications Inc

Revenue
134.2B USD
Cost of Revenue
-53.6B USD
Gross Profit
80.7B USD
Operating Expenses
-49.4B USD
Operating Income
31.3B USD
Other Expenses
-21.5B USD
Net Income
9.8B USD

Income Statement
Verizon Communications Inc

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
124 952
N/A
127 079
+2%
128 245
+1%
128 986
+1%
130 558
+1%
131 620
+1%
131 807
+0%
130 115
-1%
127 894
-2%
125 980
-1%
123 623
-2%
123 639
+0%
124 419
+1%
126 034
+1%
127 992
+2%
129 647
+1%
130 537
+1%
130 863
+0%
131 219
+0%
131 087
0%
131 374
+0%
131 868
+0%
131 350
0%
129 726
-1%
128 375
-1%
128 292
0%
129 549
+1%
132 866
+3%
134 238
+1%
133 613
0%
134 300
+1%
134 325
+0%
135 651
+1%
136 835
+1%
136 193
0%
135 000
-1%
134 095
-1%
133 974
0%
134 043
+0%
134 243
+0%
134 237
0%
Gross Profit
Cost of Revenue
(47 490)
(49 904)
(50 838)
(51 200)
(52 253)
(52 557)
(53 073)
(52 845)
(51 769)
(52 701)
(50 859)
(51 122)
(51 867)
(52 892)
(54 100)
(54 944)
(55 301)
(55 205)
(54 940)
(54 333)
(54 386)
(54 726)
(54 032)
(53 060)
(52 010)
(51 201)
(52 427)
(54 933)
(56 127)
(56 301)
(57 129)
(57 294)
(58 367)
(59 133)
(58 287)
(56 631)
(55 467)
(54 805)
(54 247)
(53 954)
(53 568)
Gross Profit
77 462
N/A
77 175
0%
77 407
+0%
77 786
+0%
78 305
+1%
79 063
+1%
78 734
0%
77 270
-2%
76 125
-1%
73 279
-4%
72 764
-1%
72 517
0%
72 552
+0%
73 142
+1%
73 892
+1%
74 703
+1%
75 236
+1%
75 658
+1%
76 279
+1%
76 754
+1%
76 988
+0%
77 142
+0%
77 318
+0%
76 666
-1%
76 365
0%
77 091
+1%
77 122
+0%
77 933
+1%
78 111
+0%
77 312
-1%
77 171
0%
77 031
0%
77 284
+0%
77 702
+1%
77 906
+0%
78 369
+1%
78 628
+0%
79 169
+1%
79 796
+1%
80 289
+1%
80 669
+0%
Operating Income
Operating Expenses
(44 564)
(50 442)
(57 508)
(57 751)
(57 625)
(48 513)
(45 669)
(44 929)
(43 982)
(44 758)
(45 060)
(44 911)
(45 129)
(45 698)
(45 828)
(46 111)
(45 986)
(45 628)
(45 996)
(46 148)
(45 753)
(46 113)
(46 224)
(46 061)
(46 523)
(46 751)
(46 563)
(46 570)
(45 521)
(45 138)
(44 697)
(45 170)
(46 434)
(46 931)
(47 347)
(48 379)
(49 059)
(48 983)
(50 330)
(49 769)
(49 403)
Selling, General & Administrative
(27 016)
(33 909)
(40 623)
(41 047)
(41 079)
(32 496)
(29 624)
(28 882)
(28 002)
(28 830)
(29 090)
(28 761)
(28 649)
(28 968)
(28 835)
(28 942)
(28 719)
(28 248)
(28 707)
(28 965)
(28 826)
(29 431)
(29 623)
(29 511)
(29 895)
(30 031)
(29 819)
(29 987)
(29 169)
(28 932)
(28 429)
(28 601)
(29 502)
(29 832)
(30 166)
(31 160)
(31 733)
(31 380)
(32 800)
(32 334)
(32 127)
Depreciation & Amortization
(16 648)
(16 533)
(16 385)
(16 204)
(16 046)
(16 017)
(16 045)
(16 047)
(15 980)
(15 928)
(15 970)
(16 150)
(16 480)
(16 730)
(16 993)
(17 169)
(17 267)
(17 380)
(17 289)
(17 183)
(16 927)
(16 682)
(16 601)
(16 550)
(16 628)
(16 720)
(16 744)
(16 583)
(16 352)
(16 206)
(16 268)
(16 569)
(16 932)
(17 099)
(17 181)
(17 219)
(17 326)
(17 603)
(17 530)
(17 435)
(17 276)
Other Operating Expenses
(900)
0
(500)
(500)
(500)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
32 898
N/A
26 733
-19%
19 899
-26%
20 035
+1%
20 680
+3%
30 550
+48%
33 065
+8%
32 341
-2%
32 143
-1%
28 521
-11%
27 704
-3%
27 606
0%
27 423
-1%
27 444
+0%
28 064
+2%
28 592
+2%
29 250
+2%
30 030
+3%
30 283
+1%
30 606
+1%
31 235
+2%
31 029
-1%
31 094
+0%
30 605
-2%
29 842
-2%
30 340
+2%
30 559
+1%
31 363
+3%
32 590
+4%
32 174
-1%
32 474
+1%
31 861
-2%
30 850
-3%
30 771
0%
30 559
-1%
29 990
-2%
29 569
-1%
30 186
+2%
29 466
-2%
30 520
+4%
31 266
+2%
Pre-Tax Income
Interest Income Expense
(2 792)
(3 027)
(5 060)
(5 058)
(4 989)
(4 891)
(4 776)
(4 615)
(4 454)
(4 415)
(4 361)
(4 565)
(4 683)
(4 728)
(4 793)
(4 997)
(5 023)
(4 925)
(4 908)
(4 675)
(4 599)
(4 624)
(4 463)
(4 379)
(4 306)
(4 254)
(4 306)
(4 025)
(3 774)
(3 161)
(2 993)
(2 884)
(2 998)
(3 423)
(3 767)
(4 270)
(4 720)
(5 223)
(5 666)
(6 069)
(6 315)
Non-Reccuring Items
0
(8 534)
0
0
0
2 510
(23)
(4 366)
(5 163)
(3 596)
(4 273)
1 085
1 262
(2 896)
(2 530)
(4 455)
(3 994)
(6 370)
(5 918)
(6 552)
(6 945)
(4 381)
(5 854)
(4 565)
(5 105)
(3 254)
(2 100)
(1 677)
(1 533)
(888)
(3 251)
(3 617)
(3 314)
130
1 441
1 945
2 675
(7 993)
(7 296)
(7 868)
(10 156)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7
0
0
0
(131)
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(190)
98
146
91
85
71
71
45
89
476
332
548
607
774
725
886
957
888
900
761
697
709
844
837
995
1 128
1 216
1 345
2 246
1 426
2 195
2 098
1 066
793
455
278
91
17
58
(99)
(201)
Pre-Tax Income
29 916
N/A
15 270
-49%
14 985
-2%
15 068
+1%
15 776
+5%
28 240
+79%
28 337
+0%
23 405
-17%
22 615
-3%
20 986
-7%
19 402
-8%
24 674
+27%
24 609
0%
20 594
-16%
21 466
+4%
20 026
-7%
21 190
+6%
19 623
-7%
20 357
+4%
20 140
-1%
20 388
+1%
22 733
+12%
21 621
-5%
22 498
+4%
21 426
-5%
23 967
+12%
25 369
+6%
27 006
+6%
29 529
+9%
29 420
0%
28 425
-3%
27 458
-3%
25 604
-7%
28 271
+10%
28 688
+1%
27 943
-3%
27 615
-1%
16 987
-38%
16 562
-3%
16 484
0%
14 594
-11%
Net Income
Tax Provision
(7 896)
(3 314)
(4 677)
(4 731)
(5 062)
(9 865)
(9 870)
(8 460)
(8 094)
(7 378)
(6 671)
(8 296)
(8 242)
(6 805)
(6 564)
(5 356)
(5 194)
(3 584)
(3 824)
(3 779)
(3 752)
(2 945)
(2 706)
(2 818)
(2 579)
(5 619)
(5 930)
(6 457)
(6 930)
(6 802)
(6 474)
(6 141)
(5 817)
(6 523)
(6 633)
(6 437)
(6 249)
(4 892)
(4 763)
(4 749)
(4 332)
Income from Continuing Operations
22 020
11 956
10 308
10 337
10 714
18 375
18 467
14 945
14 521
13 608
12 731
16 378
16 367
13 789
14 902
14 670
15 996
16 039
16 533
16 361
16 636
19 788
18 915
19 680
18 847
18 348
19 439
20 549
22 599
22 618
21 951
21 317
19 787
21 748
22 055
21 506
21 366
12 095
11 799
11 735
10 262
Income to Minority Interest
(5 097)
(2 331)
(411)
(423)
(457)
(496)
(497)
(504)
(498)
(481)
(464)
(451)
(440)
(449)
(467)
(477)
(499)
(511)
(518)
(522)
(527)
(523)
(526)
(535)
(539)
(547)
(549)
(559)
(559)
(553)
(551)
(518)
(495)
(492)
(470)
(472)
(470)
(481)
(492)
(483)
(466)
Net Income (Common)
16 923
N/A
9 625
-43%
9 897
+3%
9 914
+0%
10 257
+3%
17 879
+74%
17 970
+1%
14 441
-20%
14 023
-3%
13 127
-6%
12 267
-7%
15 927
+30%
15 927
N/A
30 101
+89%
31 196
+4%
30 954
-1%
32 258
+4%
15 528
-52%
16 015
+3%
15 839
-1%
16 109
+2%
19 265
+20%
18 389
-5%
19 145
+4%
18 308
-4%
17 801
-3%
18 890
+6%
19 990
+6%
22 040
+10%
22 065
+0%
21 400
-3%
20 799
-3%
19 292
-7%
21 256
+10%
21 585
+2%
21 034
-3%
20 896
-1%
11 614
-44%
11 307
-3%
11 252
0%
9 796
-13%
EPS (Diluted)
4.06
N/A
2.42
-40%
2.4
-1%
2.41
+0%
2.51
+4%
4.37
+74%
4.41
+1%
3.54
-20%
3.44
-3%
3.21
-7%
3
-7%
3.9
+30%
3.9
N/A
7.36
+89%
7.59
+3%
7.47
-2%
7.79
+4%
3.76
-52%
3.88
+3%
3.83
-1%
3.89
+2%
4.65
+20%
4.43
-5%
4.62
+4%
4.42
-4%
4.3
-3%
4.57
+6%
4.83
+6%
5.33
+10%
5.32
0%
5.09
-4%
4.94
-3%
4.58
-7%
5.06
+10%
5.14
+2%
5
-3%
4.96
-1%
2.76
-44%
2.68
-3%
2.67
0%
2.32
-13%

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