Verizon Communications's Income Statement Analysis: Revenue to Profit Breakdown
Verizon Communications's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$133.61 B | $136.84 B | $133.97 B | $134.79 B | $138.19 B | $139.15 B |
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Cost of Revenue Direct cost of goods/services. |
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$72.51 B | $76.23 B | $72.51 B | $71.99 B | $75.11 B | $57.26 B |
Gross Profit Revenue minus cost of revenue. |
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$61.11 B | $60.60 B | $61.46 B | $62.80 B | $63.08 B | $81.89 B |
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Operating Expense
Costs to run business. |
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$29.14 B | $30.14 B | $32.63 B | $32.20 B | $33.82 B | $52.37 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$29.14 B | $30.14 B | $32.63 B | $32.20 B | $33.82 B | $33.58 B |
General and Administrative Corporate overhead costs. |
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- | - | - | $28.11 B | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | $3.98 B | - | - |
Other Expenses Other operating costs. |
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- | - | - | - | - | $18.79 B |
Operating Income Profit from operations. |
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$31.97 B | $30.47 B | $28.83 B | $30.60 B | $29.26 B | $29.52 B |
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Net Interest Income
Interest income minus expense. |
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-$3.45 B | -$3.44 B | -$5.17 B | -$6.32 B | -$6.69 B | -$6.88 B |
Interest Income Income from investments. |
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$48.00 M | $146.00 M | $354.00 M | $336.00 M | - | $123.00 M |
Interest Expense Cost of borrowing. |
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$3.50 B | $3.58 B | $5.53 B | $6.65 B | $6.69 B | $7.00 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$953.00 M | -$1.39 B | $6.32 B | $972.00 M | -$107.00 M | -$462.00 M |
Total Other Income (Net) Net non-operating items. |
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-$2.55 B | -$2.20 B | -$11.84 B | -$7.63 B | -$6.59 B | -$6.54 B |
Income Before Tax Profit before taxes. |
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$29.42 B | $28.27 B | $16.99 B | $22.98 B | $22.67 B | $22.98 B |
Income Tax Expense Taxes on income. |
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$6.80 B | $6.52 B | $4.89 B | $5.03 B | $5.06 B | $5.21 B |
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Net Income
Final profit. |
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$22.07 B | $21.26 B | $11.61 B | $17.51 B | $17.17 B | $17.34 B |
Net Income From Continuing Operations Profit from core business. |
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$22.62 B | $21.75 B | $12.10 B | $17.95 B | $17.61 B | $17.77 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | $17.17 B | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$5.32 | $5.06 | $2.76 | $4.15 | $4.06 | $4.10 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$5.32 | $5.06 | $2.75 | $4.15 | $4.06 | $4.10 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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4.15 B | 4.20 B | 4.21 B | 4.22 B | 4.23 B | 4.21 B |
Diluted Average Shares Outst. Shares including dilution. |
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4.15 B | 4.20 B | 4.22 B | 4.22 B | 4.23 B | 4.21 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$32.92 B | $31.85 B | $22.51 B | $29.63 B | $29.37 B | $29.99 B |
EBITDA Earnings before interest, tax, D&A. |
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$49.12 B | $48.95 B | $40.14 B | $47.52 B | $47.72 B | $48.65 B |
Depreciation and Amortization Non-cash expense for assets. |
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$16.21 B | $17.10 B | $17.62 B | $17.89 B | $18.35 B | $18.66 B |
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Verizon Communications's Assets vs Liabilities & Equity
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