VZ
Income statement / Annual
Last year (2023), Verizon Communications Inc.'s total revenue was $133.97 B,
a decrease of 2.09% from the previous year.
In 2023, Verizon Communications Inc.'s net income was $11.61 B.
See Verizon Communications Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$133.97 B
|
$136.84 B
|
$133.61 B
|
$128.29 B
|
$131.87 B
|
$130.86 B
|
$126.03 B
|
$125.98 B
|
$131.62 B
|
$127.08 B
|
| Cost of Revenue |
$54.89 B |
$59.13 B |
$56.30 B |
$51.20 B |
$54.73 B |
$55.51 B |
$53.06 B |
$52.70 B |
$52.56 B |
$49.93 B |
| Gross Profit |
$79.09 B |
$77.70 B |
$77.31 B |
$77.09 B |
$77.14 B |
$75.36 B |
$72.97 B |
$73.28 B |
$79.06 B |
$77.15 B |
| Gross Profit Ratio |
0.59 |
0.57 |
0.58 |
0.6 |
0.58 |
0.58 |
0.58 |
0.58 |
0.6 |
0.61 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$28.90 B
|
$26.58 B
|
$25.26 B
|
$28.47 B
|
$26.83 B
|
$28.40 B
|
$24.18 B
|
$24.35 B
|
$27.24 B
|
$38.49 B
|
| Selling & Marketing
Expenses |
$3.85 B
|
$3.56 B
|
$3.39 B
|
$3.11 B
|
$3.07 B
|
$2.68 B
|
$2.64 B
|
$2.74 B
|
$2.75 B
|
$2.53 B
|
| Selling, General &
Administrative Expenses |
$32.75 B
|
$30.14 B
|
$28.66 B
|
$31.57 B
|
$29.90 B
|
$31.08 B
|
$26.82 B
|
$27.10 B
|
$29.99 B
|
$41.02 B
|
| Other Expenses |
-$975.00 M |
$2.30 B |
$3.81 B |
-$475.00 M |
$583.00 M |
$3.00 B |
-$120.00 M |
-$3.85 B |
$71.00 M |
-$1.30 B |
| Operating Expenses |
$50.37 B |
$47.24 B |
$44.86 B |
$48.29 B |
$46.58 B |
$48.49 B |
$43.77 B |
$43.02 B |
$46.00 B |
$57.55 B |
| Cost And Expenses |
$105.26 B |
$106.37 B |
$101.17 B |
$99.49 B |
$101.30 B |
$103.99 B |
$96.84 B |
$95.72 B |
$98.56 B |
$107.48 B |
| Interest Income |
$354.00 M |
$146.00 M |
$48.00 M |
$65.00 M |
$121.00 M |
$94.00 M |
$82.00 M |
$59.00 M |
$115.00 M |
$108.00 M |
| Interest Expense |
$5.52 B |
$3.61 B |
$3.49 B |
$4.25 B |
$4.73 B |
$4.83 B |
$4.73 B |
$4.38 B |
$4.92 B |
$4.92 B |
| Depreciation &
Amortization |
$17.62 B
|
$17.10 B
|
$16.21 B
|
$16.72 B
|
$16.68 B
|
$17.40 B
|
$16.95 B
|
$15.93 B
|
$16.02 B
|
$16.53 B
|
| EBITDA |
$45.67 B
|
$50.06 B
|
$52.65 B
|
$45.06 B
|
$47.94 B
|
$47.18 B
|
$46.04 B
|
$42.30 B
|
$49.18 B
|
$36.72 B
|
| EBITDA Ratio |
0.34 |
0.37 |
0.39 |
0.35 |
0.36 |
0.36 |
0.37 |
0.34 |
0.37 |
0.29 |
| Operating Income Ratio
|
0.17
|
0.22
|
0.24
|
0.22
|
0.23
|
0.17
|
0.22
|
0.23
|
0.25
|
0.15
|
| Total Other
Income/Expenses Net |
-$6.56 B
|
$1.27 B
|
$409.00 M
|
-$649.00 M
|
-$3.22 B
|
-$2.51 B
|
-$3.95 B
|
-$4.95 B
|
-$15.00 M
|
$478.00 M
|
| Income Before Tax |
$16.99 B |
$28.27 B |
$29.42 B |
$23.97 B |
$22.73 B |
$19.62 B |
$20.59 B |
$20.99 B |
$28.24 B |
$15.27 B |
| Income Before Tax Ratio
|
0.13
|
0.21
|
0.22
|
0.19
|
0.17
|
0.15
|
0.16
|
0.17
|
0.21
|
0.12
|
| Income Tax Expense |
$4.89 B |
$6.52 B |
$6.80 B |
$5.62 B |
$2.95 B |
$3.58 B |
-$9.96 B |
$7.38 B |
$9.87 B |
$3.31 B |
| Net Income |
$11.61 B |
$21.26 B |
$22.07 B |
$17.80 B |
$19.27 B |
$15.53 B |
$30.10 B |
$13.13 B |
$17.88 B |
$9.63 B |
| Net Income Ratio |
0.09 |
0.16 |
0.17 |
0.14 |
0.15 |
0.12 |
0.24 |
0.1 |
0.14 |
0.08 |
| EPS |
2.76 |
5.06 |
5.32 |
4.3 |
4.66 |
3.76 |
7.37 |
3.22 |
4.38 |
2.42 |
| EPS Diluted |
2.76 |
5.06 |
5.32 |
4.3 |
4.65 |
3.76 |
7.36 |
3.21 |
4.37 |
2.42 |
| Weighted Average Shares
Out |
$4.21 B
|
$4.20 B
|
$4.15 B
|
$4.14 B
|
$4.14 B
|
$4.13 B
|
$4.08 B
|
$4.08 B
|
$4.09 B
|
$3.97 B
|
| Weighted Average Shares
Out Diluted |
$4.22 B
|
$4.20 B
|
$4.15 B
|
$4.14 B
|
$4.14 B
|
$4.13 B
|
$4.09 B
|
$4.09 B
|
$4.09 B
|
$3.98 B
|
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