VERIZON COMMUNICATIONS INC (VZ)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue33,821,000,000$34,504,000,000$33,485,000,000$35,681,000,000$33,330,000,000$32,796,000,000$32,981,000,000$35,130,000,000$33,336,000,000$32,596,000,000$32,912,000,000$35,251,000,000$34,241,000,000$33,789,000,000$33,554,000,000$34,067,000,000$32,915,000,000$33,764,000,000$32,867,000,000$34,692,000,000$31,543,000,000$30,447,000,000$31,610,000,000$34,775,000,000$32,894,000,000$32,071,000,000$32,128,000,000$34,281,000,000$32,607,000,000$32,203,000,000$31,772,000,000$33,955,000,000$31,717,000,000$30,548,000,000$29,814,000,000$32,340,000,000$30,937,000,000$30,532,000,000$32,171,000,000$34,254,000,000$33,158,000,000$32,224,000,000$31,984,000,000$33,192,000,000$31,586,000,000$31,483,000,000$30,818,000,000$31,065,000,000$
QoQ%(1.98%)3.04%(6.16%)7.05%1.63%(.56%)(6.12%)5.38%2.27%(.96%)(6.64%)2.95%1.34%.70%(1.51%)3.50%(2.52%)2.73%(5.26%)9.98%3.60%(3.68%)(9.10%)5.72%2.57%(.18%)(6.28%)5.13%1.26%1.36%(6.43%)7.06%3.83%2.46%(7.81%)4.54%1.33%(5.10%)(6.08%)3.31%2.90%.75%(3.64%)5.09%.33%2.16%(.80%)2.60%
YoY%1.47%5.21%1.53%1.57%(.02%).61%.21%(.34%)(2.64%)(3.53%)(1.91%)3.48%4.03%.07%2.09%(1.80%)4.35%10.89%3.98%(.24%)(4.11%)(5.06%)(1.61%)1.44%.88%(.41%)1.12%.96%2.81%5.42%6.57%4.99%2.52%.05%(7.33%)(5.59%)(6.70%)(5.25%).59%3.20%4.98%2.35%3.78%6.85%4.32%5.70%4.75%3.40%
Cost Of Revenue0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$239,000,000$246,000,000$155,000,000$126,000,000$96,000,000$133,000,000$13,255,000,000$15,175,000,000$12,605,000,000$12,110,000,000$12,047,000,000$14,362,000,000$12,229,000,000$12,221,000,000$12,612,000,000$14,707,000,000$13,305,000,000$12,449,000,000$12,096,000,000$14,403,000,000$12,252,000,000$12,087,000,000$11,189,000,000$11,962,000,000$
Gross Profit33,821,000,000$34,504,000,000$33,485,000,000$35,681,000,000$33,330,000,000$32,796,000,000$32,981,000,000$35,130,000,000$33,336,000,000$32,596,000,000$32,912,000,000$35,251,000,000$34,241,000,000$33,789,000,000$33,554,000,000$34,067,000,000$32,915,000,000$33,764,000,000$32,867,000,000$34,692,000,000$31,543,000,000$30,447,000,000$31,610,000,000$34,775,000,000$32,655,000,000$31,825,000,000$31,973,000,000$34,155,000,000$32,511,000,000$32,070,000,000$18,517,000,000$18,780,000,000$19,112,000,000$18,438,000,000$17,767,000,000$17,978,000,000$18,708,000,000$18,311,000,000$19,559,000,000$19,547,000,000$19,853,000,000$19,775,000,000$19,888,000,000$18,789,000,000$19,334,000,000$19,396,000,000$19,629,000,000$19,103,000,000$
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%99.27%99.23%99.52%99.63%99.71%99.59%58.28%55.31%60.26%60.36%59.59%55.59%60.47%59.97%60.80%57.07%59.87%61.37%62.18%56.61%61.21%61.61%63.69%61.49%
Operating Expenses25,716,000,000$26,332,000,000$25,507,000,000$28,260,000,000$27,404,000,000$24,978,000,000$25,460,000,000$34,530,000,000$25,863,000,000$25,376,000,000$25,328,000,000$28,026,000,000$26,347,000,000$26,237,000,000$25,758,000,000$26,459,000,000$24,010,000,000$25,599,000,000$25,097,000,000$27,512,000,000$23,865,000,000$23,086,000,000$25,031,000,000$28,136,000,000$24,475,000,000$23,975,000,000$24,264,000,000$33,518,000,000$24,836,000,000$25,453,000,000$11,168,000,000$13,321,000,000$12,122,000,000$10,425,000,000$10,804,000,000$9,955,000,000$12,168,000,000$13,757,000,000$11,617,000,000$9,803,000,000$12,318,000,000$11,954,000,000$11,928,000,000$20,925,000,000$12,444,000,000$11,711,000,000$12,469,000,000$7,040,000,000$
Operating Income8,105,000,000$8,172,000,000$7,978,000,000$7,421,000,000$5,926,000,000$7,818,000,000$7,521,000,000$600,000,000$7,473,000,000$7,220,000,000$7,584,000,000$7,225,000,000$7,894,000,000$7,552,000,000$7,796,000,000$7,608,000,000$8,905,000,000$8,165,000,000$7,770,000,000$7,180,000,000$7,678,000,000$7,361,000,000$6,579,000,000$6,639,000,000$8,180,000,000$7,850,000,000$7,709,000,000$637,000,000$7,675,000,000$6,617,000,000$7,349,000,000$5,459,000,000$6,990,000,000$8,013,000,000$6,963,000,000$8,023,000,000$6,540,000,000$4,554,000,000$7,942,000,000$9,744,000,000$7,535,000,000$7,821,000,000$7,960,000,000$(2,136,000,000$)6,890,000,000$7,685,000,000$7,160,000,000$12,063,000,000$
Operating Margin23.96%23.68%23.83%20.80%17.78%23.84%22.80%1.71%22.42%22.15%23.04%20.50%23.05%22.35%23.23%22.33%27.06%24.18%23.64%20.70%24.34%24.18%20.81%19.09%24.87%24.48%24.00%1.86%23.54%20.55%23.13%16.08%22.04%26.23%23.36%24.81%21.14%14.92%24.69%28.45%22.73%24.27%24.89%(6.44%)21.81%24.41%23.23%38.83%
Interest Income
Interest Expenses1,698,000,000$1,635,000,000$1,599,000,000$1,433,000,000$1,285,000,000$1,207,000,000$1,105,000,000$937,000,000$785,000,000$786,000,000$739,000,000$801,000,000$844,000,000$1,101,000,000$1,080,000,000$1,044,000,000$1,089,000,000$1,034,000,000$1,159,000,000$1,146,000,000$1,215,000,000$1,210,000,000$1,199,000,000$1,211,000,000$1,222,000,000$1,201,000,000$1,219,000,000$1,164,000,000$1,218,000,000$1,132,000,000$1,137,000,000$1,038,000,000$1,013,000,000$1,188,000,000$1,178,000,000$1,202,000,000$1,208,000,000$1,332,000,000$1,282,000,000$1,255,000,000$1,164,000,000$1,214,000,000$1,061,000,000$
Income Before Tax6,527,000,000$6,609,000,000$6,473,000,000$6,568,000,000$4,302,000,000$6,034,000,000$6,075,000,000$(1,817,000,000$)6,192,000,000$6,112,000,000$6,500,000,000$8,811,000,000$6,520,000,000$6,857,000,000$6,083,000,000$6,144,000,000$8,374,000,000$7,824,000,000$7,078,000,000$6,253,000,000$5,851,000,000$6,187,000,000$5,676,000,000$3,712,000,000$6,923,000,000$5,310,000,000$6,788,000,000$1,367,000,000$6,675,000,000$5,527,000,000$6,054,000,000$2,934,000,000$5,511,000,000$6,967,000,000$5,182,000,000$6,949,000,000$5,576,000,000$1,695,000,000$6,766,000,000$8,578,000,000$6,366,000,000$6,627,000,000$6,669,000,000$(3,886,000,000$)5,658,000,000$6,544,000,000$6,954,000,000$10,760,000,000$
Tax Expenses1,471,000,000$1,488,000,000$1,490,000,000$1,454,000,000$891,000,000$1,332,000,000$1,353,000,000$756,000,000$1,308,000,000$1,346,000,000$1,482,000,000$2,113,000,000$1,496,000,000$1,542,000,000$1,372,000,000$1,407,000,000$1,820,000,000$1,875,000,000$1,700,000,000$1,535,000,000$1,347,000,000$1,348,000,000$1,389,000,000$(1,505,000,000$)1,586,000,000$1,236,000,000$1,628,000,000$(698,000,000$)1,613,000,000$1,281,000,000$1,388,000,000$(15,849,000,000$)1,775,000,000$2,489,000,000$1,629,000,000$2,349,000,000$1,829,000,000$864,000,000$2,336,000,000$3,065,000,000$2,195,000,000$2,274,000,000$2,331,000,000$(1,738,000,000$)1,864,000,000$2,220,000,000$968,000,000$2,844,000,000$
Net Income5,056,000,000$5,121,000,000$4,983,000,000$5,114,000,000$3,411,000,000$4,702,000,000$4,722,000,000$(2,573,000,000$)4,884,000,000$4,766,000,000$5,018,000,000$6,698,000,000$5,024,000,000$5,315,000,000$4,711,000,000$4,737,000,000$6,554,000,000$5,949,000,000$5,378,000,000$4,718,000,000$4,504,000,000$4,839,000,000$4,287,000,000$5,217,000,000$5,337,000,000$4,074,000,000$5,160,000,000$2,065,000,000$5,062,000,000$4,246,000,000$4,666,000,000$18,783,000,000$3,736,000,000$4,478,000,000$3,553,000,000$4,600,000,000$3,747,000,000$831,000,000$4,430,000,000$5,513,000,000$4,171,000,000$4,353,000,000$4,338,000,000$(2,148,000,000$)3,794,000,000$4,324,000,000$5,986,000,000$7,916,000,000$
Profit Margin14.95%14.84%14.88%14.33%10.23%14.34%14.32%(7.32%)14.65%14.62%15.25%19.00%14.67%15.73%14.04%13.91%19.91%17.62%16.36%13.60%14.28%15.89%13.56%15.00%16.23%12.70%16.06%6.02%15.52%13.19%14.69%55.32%11.78%14.66%11.92%14.22%12.11%2.72%13.77%16.09%12.58%13.51%13.56%(6.47%)12.01%13.73%19.42%25.48%
TTM14.75%13.60%13.46%13.32%7.65%8.74%8.80%9.03%15.93%15.93%16.19%15.89%14.59%15.87%16.35%16.93%16.84%15.47%15.01%14.30%14.68%15.17%14.40%15.01%12.66%12.48%12.60%12.26%25.09%24.24%24.74%24.24%13.16%13.25%10.30%10.80%11.35%11.49%14.01%13.96%8.21%8.01%8.04%9.41%17.62%19.25%20.24%19.53%
Earnings to Minority106,000,000$118,000,000$104,000,000$109,000,000$105,000,000$109,000,000$120,000,000$132,000,000$122,000,000$118,000,000$109,000,000$121,000,000$124,000,000$116,000,000$131,000,000$124,000,000$147,000,000$149,000,000$133,000,000$130,000,000$147,000,000$139,000,000$131,000,000$122,000,000$143,000,000$130,000,000$128,000,000$126,000,000$138,000,000$126,000,000$121,000,000$114,000,000$116,000,000$116,000,000$103,000,000$105,000,000$127,000,000$129,000,000$120,000,000$122,000,000$133,000,000$122,000,000$119,000,000$4,579,000,000$(99,000,000$)(110,000,000$)2,039,000,000$2,849,000,000$
Earnings to Common Shareholders4,950,000,000$5,003,000,000$4,879,000,000$5,005,000,000$3,306,000,000$4,593,000,000$4,602,000,000$(2,705,000,000$)4,762,000,000$4,648,000,000$4,909,000,000$6,577,000,000$4,900,000,000$5,199,000,000$4,580,000,000$4,613,000,000$6,407,000,000$5,800,000,000$5,245,000,000$4,588,000,000$4,357,000,000$4,700,000,000$4,156,000,000$5,095,000,000$5,194,000,000$3,944,000,000$5,032,000,000$1,939,000,000$4,924,000,000$4,120,000,000$4,545,000,000$18,669,000,000$3,620,000,000$4,362,000,000$3,450,000,000$4,495,000,000$3,620,000,000$702,000,000$4,310,000,000$5,391,000,000$4,038,000,000$4,231,000,000$4,219,000,000$(2,231,000,000$)3,695,000,000$4,214,000,000$3,947,000,000$5,067,000,000$
QoQ%(1.06%)2.54%(2.52%)51.39%(28.02%)(.20%)270.13%(156.80%)2.45%(5.32%)(25.36%)34.22%(5.75%)13.52%(.72%)(28.00%)10.47%10.58%14.32%5.30%(7.30%)13.09%(18.43%)(1.91%)31.69%(21.62%)159.52%(60.62%)19.52%(9.35%)(75.66%)415.72%(17.01%)26.44%(23.25%)24.17%415.67%(83.71%)(20.05%)33.51%(4.56%).28%289.11%(160.38%)(12.32%)6.77%(22.10%)127.02%
YoY%49.73%8.93%6.02%285.03%(30.58%)(1.18%)(6.25%)(141.13%)(2.82%)(10.60%)7.18%42.58%(23.52%)(10.36%)(12.68%).55%47.05%23.40%26.20%(9.95%)(16.12%)19.17%(17.41%)162.76%5.48%(4.27%)10.72%(89.61%)36.02%(5.55%)31.74%315.33%.00%521.37%(19.95%)(16.62%)(10.35%)(83.41%)2.16%341.64%9.28%.40%6.89%(144.03%)65.55%87.62%102.20%219.82%
Earnings Per Share, Basic1.17$1.18$1.16$1.19$0.78$1.09$1.09$(0.64$)1.13$1.10$1.17$1.56$1.17$1.24$1.09$1.11$1.55$1.40$1.27$1.11$1.05$1.14$1.00$1.23$1.26$0.95$1.22$0.47$1.19$1.00$1.11$4.57$0.89$1.07$0.85$1.10$0.89$0.17$1.06$1.32$0.99$1.04$1.03$(0.53$)0.89$1.02$1.15$1.77$
Earnings Per Share, Diluted1.17$1.18$1.15$1.18$0.78$1.09$1.09$(0.64$)1.13$1.10$1.17$1.56$1.17$1.24$1.09$1.11$1.55$1.40$1.27$1.11$1.05$1.13$1.00$1.23$1.25$0.95$1.22$0.47$1.19$1.00$1.11$4.56$0.89$1.07$0.84$1.10$0.89$0.17$1.06$1.32$0.99$1.04$1.02$(0.53$)0.89$1.01$1.15$1.76$
Unlevered FCF Per Share, Basic2.66$2.12$1.84$2.47$2.35$2.25$1.68$2.06$2.56$2.31$1.97$2.13$2.51$2.58$1.62$2.01$2.59$2.59$2.34$2.24$2.15$3.56$2.13$2.17$2.64$2.12$1.71$1.96$2.37$2.37$1.62$1.92$1.76$1.94$0.34$0.97$1.18$1.33$1.84$2.60$2.34$2.14$2.47$1.79$2.01$1.85$2.08$3.64$
Unlevered FCF Per Share, Diluted2.66$2.12$1.84$2.47$2.35$2.25$1.68$2.06$2.56$2.31$1.97$2.13$2.51$2.58$1.62$2.01$2.59$2.59$2.34$2.24$2.15$3.56$2.13$2.17$2.64$2.12$1.71$1.95$2.37$2.36$1.62$1.92$1.75$1.94$0.34$0.97$1.18$1.32$1.84$2.59$2.33$2.14$2.47$1.79$2.01$1.85$2.08$3.62$
Average Shares, Basic4,228,000,0004,224,000,0004,222,000,0004,222,000,0004,220,000,0004,215,000,0004,215,000,0004,216,000,0004,213,000,0004,208,000,0004,207,000,0004,204,000,0004,202,000,0004,201,000,0004,201,000,0004,168,000,0004,142,000,0004,141,000,0004,141,000,0004,142,000,0004,140,000,0004,139,000,0004,139,000,0004,138,000,0004,138,000,0004,138,000,0004,138,000,0004,137,000,0004,136,000,0004,135,000,0004,104,000,0004,088,000,0004,084,000,0004,082,000,0004,082,000,0004,082,000,0004,079,000,0004,079,000,0004,080,000,0004,073,000,0004,072,000,0004,079,000,0004,116,000,0004,172,000,0004,152,000,0004,147,000,0003,425,000,0002,867,000,000
Average Shares, Diluted4,233,000,0004,228,000,0004,226,000,0004,227,000,0004,225,000,0004,221,000,0004,219,000,0004,220,000,0004,216,000,0004,213,000,0004,211,000,0004,208,000,0004,204,000,0004,202,000,0004,202,000,0004,171,000,0004,144,000,0004,143,000,0004,142,000,0004,144,000,0004,142,000,0004,141,000,0004,141,000,0004,141,000,0004,140,000,0004,139,000,0004,140,000,0004,142,000,0004,140,000,0004,139,000,0004,107,000,0004,093,000,0004,089,000,0004,087,000,0004,087,000,0004,088,000,0004,086,000,0004,085,000,0004,085,000,0004,088,000,0004,078,000,0004,085,000,0004,121,000,0004,182,000,0004,159,000,0004,153,000,0003,430,000,0002,878,000,000
EBIT6,527,000,000$6,609,000,000$6,473,000,000$6,568,000,000$4,302,000,000$7,732,000,000$7,710,000,000$(218,000,000$)7,625,000,000$7,397,000,000$7,707,000,000$9,916,000,000$7,457,000,000$7,642,000,000$6,869,000,000$6,883,000,000$9,175,000,000$8,668,000,000$8,179,000,000$7,333,000,000$6,895,000,000$7,276,000,000$6,710,000,000$4,871,000,000$8,069,000,000$6,525,000,000$7,998,000,000$2,566,000,000$7,886,000,000$6,749,000,000$7,255,000,000$4,153,000,000$6,675,000,000$8,185,000,000$6,314,000,000$8,086,000,000$6,614,000,000$2,708,000,000$7,954,000,000$9,756,000,000$7,568,000,000$7,835,000,000$8,001,000,000$(2,604,000,000$)6,913,000,000$7,708,000,000$8,168,000,000$11,821,000,000$
EBITDA11,145,000,000$11,244,000,000$11,050,000,000$11,074,000,000$8,760,000,000$12,215,000,000$12,155,000,000$4,298,000,000$12,056,000,000$11,756,000,000$12,025,000,000$14,134,000,000$11,781,000,000$11,963,000,000$11,105,000,000$10,934,000,000$13,136,000,000$12,688,000,000$12,353,000,000$11,530,000,000$11,087,000,000$11,457,000,000$10,860,000,000$8,976,000,000$12,183,000,000$10,757,000,000$12,229,000,000$6,918,000,000$12,263,000,000$11,099,000,000$11,579,000,000$8,609,000,000$10,947,000,000$12,352,000,000$10,373,000,000$12,073,000,000$10,556,000,000$6,690,000,000$11,971,000,000$13,795,000,000$11,577,000,000$11,815,000,000$11,990,000,000$1,464,000,000$11,080,000,000$11,869,000,000$12,305,000,000$16,004,000,000$