Verizon (VZ) income statement
NYSE · Communication Services · Telecommunications Services · 89,900 employees · CEO Daniel H. Schulman
- Price
- $44.73 +2.45%
- Market cap
- $185B
- Enterprise value
- $370B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-01-29 EPS est. $1.15
Verizon (VZ) reported revenue of $34.3B for Q3 '26 (+1.5% year on year), operating income of $8.65B (25.2% of revenue) and net income of $5.2B. Over the last four quarters revenue was $139B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.1B | $33B | $32.8B | $33.3B | $35.7B | $33.5B | $34.5B | $33.8B | $36.4B | $34.4B | $34.3B | $34.3B | |
| Cost of revenue | $19.7B | $17.3B | $17B | $17.7B | $20B | $17.6B | $18.5B | $18B | $7.1B | $13.7B | $18.1B | $18.2B | |
| Gross profit | $15.4B | $15.7B | $15.8B | $15.6B | $15.7B | $15.9B | $16B | $15.9B | $29.3B | $20.8B | $16.2B | $16.1B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.9B | $4.89B | $0 | $0 | |
| Operating expenses | $8.99B | $8.04B | $8.02B | $7.79B | $8.24B | $7.87B | $7.81B | $7.75B | $24.3B | $12.5B | $8.98B | $7.48B | |
| Operating income | $6.44B | $7.63B | $7.82B | $7.84B | $7.42B | $7.98B | $8.17B | $8.11B | $5B | $8.24B | $7.18B | $8.65B | |
| Interest income | $89M | $78M | $83M | $97M | $78M | $63M | $55M | $68M | $143M | $147M | $0 | $0 | |
| Interest expense | $1.6B | $1.64B | $1.7B | $1.67B | $1.65B | $1.63B | $1.64B | $1.66B | $1.76B | $1.94B | $1.99B | $1.95B | |
| Other non-operating income (gains on investments, FX ...) | $6.66B | -$85M | $85M | $1.87B | -$794M | -$127M | -$76M | -$86M | $182M | -$482M | $0 | $0 | |
| Total non-operating income | -$8.26B | -$1.55B | -$1.78B | -$3.54B | -$853M | -$1.51B | -$1.56B | -$1.58B | -$1.94B | -$1.46B | -$1.91B | -$1.83B | |
| Income before tax | -$1.82B | $6.08B | $6.03B | $4.3B | $6.57B | $6.47B | $6.61B | $6.53B | $3.06B | $6.78B | $5.27B | $6.82B | |
| Income tax | $756M | $1.35B | $1.33B | $891M | $1.45B | $1.49B | $1.49B | $1.47B | $615M | $1.64B | $1.33B | $1.5B | |
| Net income | -$2.71B | $4.6B | $4.59B | $3.31B | $5.01B | $4.88B | $5B | $4.95B | $2.34B | $5.05B | $3.84B | $5.2B | |
| EPS (basic) | -$0.64 | $1.09 | $1.09 | $0.78 | $1.19 | $1.16 | $1.18 | $1.17 | $0.55 | $1.20 | $0.92 | $1.25 | |
| EPS (diluted) | -$0.64 | $1.09 | $1.09 | $0.78 | $1.18 | $1.15 | $1.18 | $1.17 | $0.55 | $1.20 | $0.92 | $1.25 | |
| Shares (basic, weighted) | 4.21B | 4.22B | 4.22B | 4.22B | 4.22B | 4.22B | 4.22B | 4.23B | 4.23B | 4.21B | 4.17B | 4.16B | |
| Shares (diluted, weighted) | 4.21B | 4.22B | 4.22B | 4.23B | 4.22B | 4.23B | 4.23B | 4.23B | 4.23B | 4.21B | 4.17B | 4.16B | |
| Depreciation & amortization | $4.52B | $4.45B | $4.48B | $4.46B | $4.51B | $4.58B | $4.64B | $4.62B | $4.52B | $4.89B | $5.01B | $5.1B | |
| EBITDA | $4.3B | $12.2B | $12.2B | $10.4B | $12.7B | $12.7B | $12.9B | $12.8B | $9.34B | $13.6B | $12.2B | $13.7B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $126B | $126B | $131B | $132B | $128B | $134B | $137B | $134B | $135B | $138B | |
| Cost of revenue | $67.4B | $68.5B | $72.6B | $71.4B | $67.9B | $72.5B | $76.2B | $72.5B | $72B | $75.1B | |
| Gross profit | $58.6B | $57.5B | $58.3B | $60.5B | $60.4B | $61.1B | $60.6B | $61.5B | $62.8B | $63.1B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.98B | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28.2B | $0 | |
| Operating expenses | $32.7B | $31B | $28.2B | $29.4B | $30.5B | $29.1B | $30.1B | $32.6B | $32.2B | $33.8B | |
| Operating income | $25.9B | $26.5B | $30B | $31B | $29.9B | $32B | $30.5B | $28.8B | $30.6B | $29.3B | |
| Interest income | $59M | $82M | $94M | $121M | $65M | $48M | $146M | $354M | $336M | $329M | |
| Interest expense | $4.38B | $4.73B | $4.83B | $4.73B | $4.27B | $3.5B | $3.58B | $5.53B | $6.65B | $6.69B | |
| Other non-operating income (gains on investments, FX ...) | $548M | $1.19B | $5.55B | $3.57B | $1.63B | -$953M | -$1.39B | $6.32B | $972M | -$107M | |
| Total non-operating income | -$4.92B | -$5.93B | -$10.4B | -$8.3B | -$5.9B | -$2.55B | -$2.2B | -$11.8B | -$7.63B | -$6.59B | |
| Income before tax | $21B | $20.6B | $19.6B | $22.7B | $24B | $29.4B | $28.3B | $17B | $23B | $22.7B | |
| Income tax | $7.38B | -$9.96B | $3.58B | $2.95B | $5.62B | $6.8B | $6.52B | $4.89B | $5.03B | $5.06B | |
| Net income | $13.1B | $30.1B | $15.5B | $19.3B | $17.8B | $22.1B | $21.3B | $11.6B | $17.5B | $17.2B | |
| EPS (basic) | $3.22 | $7.37 | $3.76 | $4.66 | $4.30 | $5.32 | $5.06 | $2.76 | $4.15 | $4.06 | |
| EPS (diluted) | $3.21 | $7.36 | $3.76 | $4.65 | $4.30 | $5.32 | $5.06 | $2.75 | $4.15 | $4.06 | |
| Shares (basic, weighted) | 4.08B | 4.08B | 4.13B | 4.14B | 4.14B | 4.15B | 4.2B | 4.21B | 4.22B | 4.23B | |
| Shares (diluted, weighted) | 4.09B | 4.09B | 4.13B | 4.14B | 4.14B | 4.15B | 4.2B | 4.22B | 4.22B | 4.23B | |
| Depreciation & amortization | $15.9B | $17B | $17.4B | $16.7B | $16.7B | $16.2B | $17.1B | $17.6B | $17.9B | $18.3B | |
| EBITDA | $41.3B | $42.3B | $41.9B | $44.1B | $45B | $49.1B | $49B | $40.1B | $47.5B | $47.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01