Verizon Communications Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $138.19B | $134.79B | $133.97B | $136.84B | $133.61B | $128.29B | $131.87B | $130.86B |
| Wireless | — | — | — | — | — | — | — | $91.73B |
| Wireline | — | — | — | — | — | — | — | $29.76B |
| Consumer | $106.81B | $102.90B | $101.63B | $103.51B | $95.30B | $88.53B | $91.06B | — |
| Business | $29.07B | $29.53B | $30.12B | $31.07B | $31.04B | $30.96B | $31.44B | — |
| Corporate and Other | $2.32B | $2.35B | $2.23B | $2.26B | $7.27B | $8.80B | $9.37B | $9.37B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $33.82B | $34.11B | $32.75B | $30.14B | $28.66B | $31.57B | $29.90B | $31.08B |
| Operating Income | $29.26B | $28.69B | $22.88B | $30.47B | $32.45B | $28.80B | $30.38B | $22.28B |
| Operating Margin | 21.2% | 21.3% | 17.1% | 22.3% | 24.3% | 22.4% | 23.0% | 17.0% |
| Interest Expense | — | — | $5.52B | $3.61B | $3.49B | $4.25B | $4.73B | $4.83B |
| Pretax Income | $22.67B | $22.98B | $16.99B | $28.27B | $29.42B | $23.97B | $22.73B | $19.62B |
| Income Tax Expense | $5.06B | $5.03B | $4.89B | $6.52B | $6.80B | $5.62B | $2.95B | $3.58B |
| Net Income | $17.17B | $17.51B | $11.61B | $21.26B | $22.07B | $17.80B | $19.27B | $15.53B |
| Net Margin | 12.4% | 13.0% | 8.7% | 15.5% | 16.5% | 13.9% | 14.6% | 11.9% |
| EPS (Basic) | $4.06 | $4.15 | $2.76 | $5.06 | $5.32 | $4.30 | $4.66 | $3.76 |
| EPS (Diluted) | $4.06 | $4.14 | $2.75 | $5.06 | $5.32 | $4.30 | $4.65 | $3.76 |
| Shares Outstanding (Basic) | 4.23B | 4.22B | 4.21B | 4.20B | 4.15B | 4.14B | 4.14B | 4.13B |
| Shares Outstanding (Diluted) | 4.23B | 4.22B | 4.22B | 4.20B | 4.15B | 4.14B | 4.14B | 4.13B |
| Dividends Per Share | $2.74 | $2.69 | $2.64 | $2.59 | $2.54 | $2.49 | $2.44 | $2.39 |