Verizon Communications

VZ · NYSE · USD

$45.92−0.13%−$0.06

Close · October 2, 2026

At a glance

Revenue growth: +2.52%; 2025 vs 2024
Net income growth: −1.90%; 2025 vs 2024
Net margin: 12.4%; 2024: 13.0%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	138,191	134,788	133,974	136,835	133,613	128,292	131,868	130,863	126,034	125,980
Cost of revenue	56,560	53,908	54,887	59,133	56,301	51,201	54,726	55,508	53,063	52,701
Gross profit	81,631	80,880	79,087	77,702	77,312	77,091	77,142	75,355	72,971	73,279
Selling, general and administrative	31,634	32,089	31,277	29,832	24,441	28,982	29,143	28,315	26,433	27,511
Operating income	31,648	30,899	30,186	30,771	36,665	31,389	31,317	29,637	29,584	29,840
EBIT	31,648	30,899	30,186	30,771	36,665	31,389	31,317	29,637	29,584	29,840
EBITDA	49,997	48,791	47,810	47,870	52,871	48,109	47,999	47,040	46,538	45,768
Interest expense	6,694	6,649	5,524	3,613	3,485	4,247	4,730	4,833	4,733	4,376
Pre-tax income	22,672	22,979	16,987	28,271	29,420	23,967	22,733	19,623	20,594	20,986
Income tax	5,064	5,030	4,892	6,523	6,802	5,619	2,945	3,584	-9,956	7,378
Net income	17,174	17,506	11,614	21,256	22,065	17,801	19,265	15,528	30,101	13,127
Net income to common shareholders	17,174	17,506	11,614	21,256	22,065	17,801	19,265	15,528	30,101	13,127
Basic 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	4.14	2.75	5.06	5.32	4.30	4.65	3.76	7.36	3.21
Average shares (basic)	4,226	4,218	4,211	4,202	4,148	4,140	4,138	4,128	4,084	4,080
Average shares (diluted)	4,231	4,223	4,215	4,204	4,150	4,142	4,140	4,132	4,089	4,086
Dividend per share	2.74	2.69	2.64	2.59	2.54	2.49	2.44	2.39	2.34	2.29