← VERIZON COMMUNICATIONS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $126.0b
$126.0b +0.04%
$130.9b +3.83%
$131.9b +0.77%
$128.3b -2.71%
$133.6b +4.15%
$136.8b +2.41%
$134.0b -2.09%
$134.8b +0.61%
$138.2b +2.52%
$138.9b +0.51%
Cost of Revenue $22.2b
$22.1b -0.41%
$77.5b +249.94%
$71.6b -7.62%
$67.9b -5.13%
$72.5b +6.75%
$76.2b +5.14%
$78.4b +2.78%
$72.0b -8.12%
$75.1b +4.34%
$56.6b -24.67%
Cost of services and wireless equipment $52.7b
$53.1b +0.69%
$55.5b +4.61%
$54.7b -1.41%
$51.2b -6.44%
$56.3b +9.96%
$59.1b +5.03%
$54.9b -7.18%
$54.1b -1.44%
$56.8b +4.93%
—
Gross Profit $103.7b
$103.9b +0.14%
$53.4b -48.64%
$60.3b +12.96%
$60.4b +0.16%
$61.1b +1.22%
$60.6b -0.82%
$55.6b -8.22%
$62.8b +12.90%
$63.1b +0.44%
$82.3b +30.50%
Selling, General and Administrative Expense $31.6b $30.1b $31.1b $29.9b $31.6b $28.7b $30.1b $32.7b $34.1b $33.8b $34.7b
Amortization of Intangible Assets $1.7b $2.2b $2.2b $2.3b $2.4b $2.1b $2.5b $2.7b $2.8b $3.0b —
Operating expenses:
Total Operating Expenses $98.9b $98.6b $108.6b $101.5b $99.5b $101.2b $106.4b $111.1b $106.1b $108.9b $110.4b
Operating Income (Loss) $27.1b
$27.4b +1.31%
$22.3b -18.73%
$30.4b +36.36%
$28.8b -5.20%
$32.4b +12.67%
$30.5b -6.11%
$22.9b -24.91%
$28.7b +25.39%
$29.3b +2.00%
$28.5b -2.49%
Interest Expense $4.4b $4.7b $4.8b $4.7b $4.2b $3.5b $3.6b $5.5b ($6.6b) ($6.7b) $7.3b
Interest Income, Other — — $94.0m $121.0m $65.0m $48.0m $146.0m $354.0m $336.0m $329.0m $430.0m
Other Nonoperating Income (Expense) ($1.6b) ($2.0b) $2.4b ($2.9b) ($539.0m) $312.0m $1.4b ($313.0m) $995.0m $107.0m —
Other income (expense), net ($1.6b) ($2.0b) $2.4b ($2.9b) ($539.0m) $312.0m $1.4b ($313.0m) $995.0m $107.0m $36.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $20.0b $19.6b $19.8b $21.7b $22.8b $27.6b $26.8b $15.7b $21.3b $20.1b $21.6b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $21.0b $20.6b $19.6b $22.7b $24.0b $29.4b $28.3b $17.0b $23.0b $22.7b $21.6b
Current Income Tax Expense (Benefit) $8.4b $4.5b $3.2b $1.7b $4.1b $2.5b $3.5b $2.5b $4.2b $2.7b $5.0b
Provision for income taxes ($7.4b) $10.0b ($3.6b) ($2.9b) ($5.6b) ($6.8b) ($6.5b) ($4.9b) ($5.0b) ($5.1b) —
Net Income (Loss) Attributable to Parent $13.1b
$30.1b +129.31%
$15.5b -48.41%
$19.3b +24.07%
$17.8b -7.60%
$22.1b +23.95%
$21.3b -3.67%
$11.6b -45.36%
$17.5b +50.73%
$17.2b -1.90%
$16.2b -5.83%
Net Income (Loss) Attributable to Noncontrolling Interest $481.0m $449.0m $511.0m $523.0m $547.0m $553.0m $492.0m $481.0m $443.0m $434.0m $16.2b
Earnings Per Share, Basic $3.22 $7.37 $3.76 $4.66 $4.30 $5.32 $5.06 $2.76 $4.15 $4.06 $3.84
Earnings Per Share, Diluted $3.21 $7.36 $3.76 $4.65 $4.30 $5.32 $5.06 $2.75 $4.14 $4.06 $3.84
Common Stock, Dividends, Per Share, Declared $2.29 $2.33 $2.38 $2.44 $2.48 $2.54 $2.58 $2.63 $2.69 $2.73 —
Weighted Average Number of Shares Outstanding, Basic 4.1b 4.1b 4.1b 4.1b 4.1b 4.1b 4.2b 4.2b 4.2b 4.2b 4.2b
Weighted-average shares outstanding (in shares) 4.1b 4.1b 4.1b 4.1b 4.1b 4.2b 4.2b 4.2b 4.2b 4.2b —
Weighted Average Number of Shares Outstanding, Diluted 4.1b 4.1b 4.1b 4.1b 4.1b 4.2b 4.2b 4.2b 4.2b 4.2b 4.2b
Additional Financial Items
Depreciation and amortization expense $15.9b $17.0b $17.4b $16.7b $16.7b $16.2b $17.1b $17.6b $17.9b $18.3b $19.0b
Equity in earnings (losses) of unconsolidated businesses ($98.0m) ($77.0m) ($186.0m) ($15.0m) ($45.0m) $145.0m $44.0m ($53.0m) ($53.0m) $0 —
Goodwill, Impairment Loss — — $4.6b $186.0m $0 $0 $16.0m $5.8b $0 $0 $0
Verizon Business Group goodwill impairment $0 $0 $4.6b $186.0m $0 $0 $0 $5.8b $0 $0 —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — ($3.1b) ($627.0m) $425.0m ($3.8b) ($2.4b) $938.0m ($300.0m) $827.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.