Financials in USD. Standardized financial statements.
A compact view of how Verizon Communications Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $138.19B | $134.79B | $133.97B | $136.84B | $133.61B | $128.29B | $131.87B | $130.86B | $126.03B | $125.98B |
| Revenue Growth? | +2.5% | +0.6% | -2.1% | +2.4% | +4.1% | -2.7% | +0.8% | +3.8% | +0.0% | 0.0% |
| Cost of Revenue? | $75.11B | $71.99B | $72.51B | $76.23B | $72.51B | $67.92B | $71.41B | $72.61B | $68.51B | $67.35B |
| Gross Profit? | $63.08B | $62.80B | $61.46B | $60.60B | $61.11B | $60.37B | $60.46B | $58.26B | $57.52B | $58.63B |
| Gross Margin? | +45.6% | +46.6% | +45.9% | +44.3% | +45.7% | +47.1% | +45.8% | +44.5% | +45.6% | +46.5% |
| Operating Expenses? | $33.82B | $32.20B | $32.63B | $30.14B | $29.14B | $30.50B | $29.43B | $28.25B | $31.00B | $32.72B |
| Operating Income? | $29.26B | $30.60B | $28.83B | $30.47B | $31.96B | $29.87B | $31.03B | $30.01B | $26.52B | $25.91B |
| EBITDA? | $47.72B | $47.52B | $40.14B | $48.95B | $49.12B | $44.96B | $44.15B | $41.86B | $42.28B | $41.29B |
| Income Before Tax | $22.67B | $22.98B | $16.99B | $28.27B | $29.42B | $23.97B | $22.73B | $19.62B | $20.59B | $20.99B |
| Income Tax Expense | $5.06B | $5.03B | $4.89B | $6.52B | $6.80B | $5.62B | $2.94B | $3.58B | -$9.96B | $7.38B |
| Net Income? | $17.17B | $17.51B | $11.61B | $21.26B | $22.07B | $17.80B | $19.27B | $15.53B | $30.10B | $13.13B |
| EPS? | $4.06 | $4.15 | $2.76 | $5.06 | $5.32 | $4.30 | $4.66 | $3.76 | $7.37 | $3.22 |
| Diluted EPS? | $4.06 | $4.15 | $2.75 | $5.06 | $5.32 | $4.30 | $4.65 | $3.76 | $7.36 | $3.21 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality