Verizon Communications Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $137.60B | $136.00B | $134.50B | $133.97B | $136.83B | $133.61B | $128.29B | $131.87B |
| Wireless Service & Equipment | $107.80B | $105.40B | $103.20B | $101.85B | $102.52B | $95.29B | $89.48B | $91.10B |
| Wireline Services | $29.80B | $30.60B | $31.30B | $32.12B | $34.31B | $38.32B | $38.81B | $40.77B |
| 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 |
| Operating Income | — | $29.26B | $28.69B | $22.88B | $30.47B | $32.45B | $28.80B | $30.38B |
| Operating Margin | — | 21.5% | 21.3% | 17.1% | 22.3% | 24.3% | 22.4% | 23.0% |
| Interest Expense | — | — | — | $5.52B | $3.61B | $3.49B | $4.25B | $4.73B |
| Pretax Income | — | $22.67B | $22.98B | $16.99B | $28.27B | $29.42B | $23.97B | $22.73B |
| Income Tax Expense | — | $5.06B | $5.03B | $4.89B | $6.52B | $6.80B | $5.62B | $2.95B |
| Net Income | — | $17.17B | $17.51B | $11.61B | $21.26B | $22.07B | $17.80B | $19.27B |
| Net Margin | — | 12.6% | 13.0% | 8.7% | 15.5% | 16.5% | 13.9% | 14.6% |
| EPS (Basic) | — | $4.06 | $4.15 | $2.76 | $5.06 | $5.32 | $4.30 | $4.66 |
| EPS (Diluted) | — | $4.06 | $4.14 | $2.75 | $5.06 | $5.32 | $4.30 | $4.65 |
| Shares Outstanding (Basic) | 4.22B | 4.23B | 4.22B | 4.21B | 4.20B | 4.15B | 4.14B | 4.14B |
| Shares Outstanding (Diluted) | 4.22B | 4.23B | 4.22B | 4.22B | 4.20B | 4.15B | 4.14B | 4.14B |
| Dividends Per Share | — | $2.74 | $2.69 | $2.64 | $2.59 | $2.54 | $2.49 | $2.44 |