7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 
      
    		                          
      operating revenues
    		                          
      service revenues and other
    		28,202,000,000 28,249,000,000 28,087,000,000 28,166,000,000 27,987,000,000 27,798,000,000 27,620,000,000 27,658,000,000 27,523,000,000 27,319,000,000 27,152,000,000 27,626,000,000 27,666,000,000 27,115,000,000 27,218,000,000 26,740,000,000 27,565,000,000 28,221,000,000 27,923,000,000 28,268,000,000 27,431,000,000 26,692,000,000 27,481,000,000 27,753,000,000 27,351,000,000 27,197,000,000 
      wireless equipment revenues
    		5,619,000,000 6,255,000,000 5,398,000,000 7,515,000,000 5,343,000,000 4,998,000,000 5,361,000,000 7,472,000,000 5,813,000,000 5,277,000,000 5,760,000,000 7,625,000,000 6,575,000,000 6,674,000,000 6,336,000,000 7,327,000,000 5,350,000,000 5,543,000,000 4,944,000,000 6,424,000,000 4,112,000,000 3,755,000,000 4,129,000,000 5,141,000,000 4,720,000,000 4,931,000,000 
      total operating revenues
    		33,821,000,000 34,504,000,000 33,485,000,000 35,681,000,000 33,330,000,000 32,796,000,000 32,981,000,000 35,130,000,000 33,336,000,000 32,596,000,000 32,912,000,000 35,251,000,000 34,241,000,000 33,789,000,000 33,554,000,000 34,067,000,000 32,915,000,000 33,764,000,000 32,867,000,000 34,692,000,000 31,543,000,000 30,447,000,000 31,610,000,000 32,894,000,000 32,071,000,000 32,128,000,000 
      yoy
    		1.47% 5.21% 1.53% 1.57% -0.02% 0.61% 0.21% -0.34% -2.64% -3.53% -1.91% 3.48% 4.03% 0.07% 2.09% -1.80% 4.35% 10.89% 3.98% 5.47% -1.65% -5.23%     
      qoq
    		-1.98% 3.04% -6.15% 7.05% 1.63% -0.56% -6.12% 5.38% 2.27% -0.96% -6.64% 2.95% 1.34% 0.70% -1.51% 3.50% -2.51% 2.73% -5.26% 9.98% 3.60% -3.68% -3.90% 2.57% -0.18%  
      operating expenses
    		                          
      cost of services
    		6,863,000,000 6,878,000,000 6,950,000,000 6,933,000,000 7,193,000,000 6,904,000,000 6,967,000,000 6,952,000,000 7,084,000,000 6,986,000,000 7,078,000,000 7,185,000,000 7,293,000,000 6,932,000,000 7,227,000,000 7,035,000,000 7,855,000,000 8,324,000,000 8,020,000,000 8,053,000,000 7,955,000,000 7,639,000,000 7,754,000,000 7,902,000,000 7,702,000,000 7,792,000,000 
      cost of wireless equipment
    		6,483,000,000 7,007,000,000 6,106,000,000 8,581,000,000 6,047,000,000 5,567,000,000 5,905,000,000 8,230,000,000 6,353,000,000 5,778,000,000 6,426,000,000 8,577,000,000 7,308,000,000 7,488,000,000 7,123,000,000 7,961,000,000 5,673,000,000 5,931,000,000 5,502,000,000 6,769,000,000 4,379,000,000 4,110,000,000 4,542,000,000 5,482,000,000 5,019,000,000  
      selling, general and administrative expense
    		7,752,000,000 7,812,000,000 7,874,000,000 8,240,000,000 9,706,000,000 8,024,000,000 8,143,000,000 8,991,000,000 7,995,000,000 8,253,000,000 7,506,000,000 8,046,000,000 7,422,000,000 7,496,000,000 7,172,000,000 7,412,000,000 6,521,000,000 7,324,000,000 7,401,000,000 8,493,000,000 7,339,000,000 7,156,000,000 8,585,000,000 7,216,000,000 7,268,000,000 7,198,000,000 
      depreciation and amortization expense
    		4,618,000,000 4,635,000,000 4,577,000,000 4,506,000,000 4,458,000,000 4,483,000,000 4,445,000,000 4,516,000,000 4,431,000,000 4,359,000,000 4,318,000,000 4,218,000,000 4,324,000,000 4,321,000,000 4,236,000,000 4,051,000,000 3,961,000,000 4,020,000,000 4,174,000,000 4,197,000,000 4,192,000,000 4,181,000,000 4,150,000,000 4,114,000,000 4,232,000,000 4,231,000,000 
      total operating expenses
    		25,716,000,000 26,332,000,000 25,507,000,000 28,260,000,000 27,404,000,000 24,978,000,000 25,460,000,000 34,530,000,000 25,863,000,000 25,376,000,000 25,328,000,000 28,026,000,000 26,347,000,000 26,237,000,000 25,758,000,000 26,459,000,000 24,010,000,000 25,599,000,000 25,097,000,000 27,512,000,000 23,865,000,000 23,086,000,000 25,031,000,000 24,714,000,000 24,221,000,000 24,419,000,000 
      operating income
    		8,105,000,000 8,172,000,000 7,978,000,000 7,421,000,000 5,926,000,000 7,818,000,000 7,521,000,000 600,000,000 7,473,000,000 7,220,000,000 7,584,000,000 7,225,000,000 7,894,000,000 7,552,000,000 7,796,000,000 7,608,000,000 8,905,000,000 8,165,000,000 7,770,000,000 7,180,000,000 7,678,000,000 7,361,000,000 6,579,000,000 8,180,000,000 7,850,000,000 7,709,000,000 
      yoy
    		36.77% 4.53% 6.08% 1136.83% -20.70% 8.28% -0.83% -91.70% -5.33% -4.40% -2.72% -5.03% -11.35% -7.51% 0.33% 5.96% 15.98% 10.92% 18.10% -12.22% -2.19% -4.51%     
      qoq
    		-0.82% 2.43% 7.51% 25.23% -24.20% 3.95% 1153.50% -91.97% 3.50% -4.80% 4.97% -8.47% 4.53% -3.13% 2.47% -14.56% 9.06% 5.08% 8.22% -6.49% 4.31% 11.89% -19.57% 4.20% 1.83%  
      operating margin %
    		23.96% 23.68% 23.83% 20.80% 17.78% 23.84% 22.80% 1.71% 22.42% 22.15% 23.04% 20.50% 23.05% 22.35% 23.23% 22.33% 27.05% 24.18% 23.64% 20.70% 24.34% 24.18% 20.81% 24.87% 24.48% 23.99% 
      equity in losses of unconsolidated businesses
    		-6,000,000   -11,750,000 -24,000,000 -14,000,000              -11,000,000 -9,000,000 -13,000,000     
      other income
    		92,000,000 79,000,000 121,000,000 797,000,000 72,000,000 -72,000,000 198,000,000 -807,000,000 170,000,000 210,000,000 114,000,000 2,687,000,000 -439,000,000 49,000,000 -924,000,000 -860,000,000 269,000,000 502,000,000 401,000,000 164,000,000 -774,000,000 -72,000,000 143,000,000   295,000,000 
      interest expense
    		-1,664,000,000 -1,639,000,000 -1,632,000,000 -1,644,000,000 -1,672,000,000 -1,698,000,000 -1,635,000,000 -1,599,000,000 -1,433,000,000 -1,285,000,000 -1,207,000,000 -1,105,000,000 -937,000,000 -785,000,000 -786,000,000 -739,000,000 -801,000,000 -844,000,000 -1,101,000,000 -1,080,000,000 -1,044,000,000 -1,089,000,000     
      income before benefit from income taxes
    		6,527,000,000 6,609,000,000 6,473,000,000 6,568,000,000 4,302,000,000 6,034,000,000 6,075,000,000 -1,817,000,000 6,192,000,000 6,112,000,000 6,500,000,000 8,811,000,000 6,520,000,000 6,857,000,000 6,083,000,000 6,144,000,000 8,374,000,000 7,824,000,000 7,078,000,000 6,253,000,000 5,851,000,000 6,187,000,000 5,676,000,000 6,923,000,000 5,310,000,000 6,788,000,000 
      benefit from income taxes
    		-1,471,000,000 -1,488,000,000 -1,490,000,000 -1,454,000,000 -891,000,000 -1,332,000,000 -1,353,000,000 -756,000,000 -1,308,000,000 -1,346,000,000 -1,482,000,000 -2,113,000,000 -1,496,000,000 -1,542,000,000 -1,372,000,000 -1,407,000,000 -1,820,000,000 -1,875,000,000 -1,700,000,000 -1,535,000,000 -1,347,000,000 -1,348,000,000     
      net income
    		5,056,000,000 5,121,000,000 4,983,000,000 5,114,000,000 3,411,000,000 4,702,000,000 4,722,000,000 -2,573,000,000 4,884,000,000 4,766,000,000 5,018,000,000 6,698,000,000 5,024,000,000 5,315,000,000 4,711,000,000 4,737,000,000 6,554,000,000 5,949,000,000 5,378,000,000 4,718,000,000 4,504,000,000 4,839,000,000 4,287,000,000 5,337,000,000 4,074,000,000 5,160,000,000 
      yoy
    		48.23% 8.91% 5.53% -298.76% -30.16% -1.34% -5.90% -138.41% -2.79% -10.33% 6.52% 41.40% -23.34% -10.66% -12.40% 0.40% 45.52% 22.94% 25.45% -11.60% 10.55% -6.22%     
      qoq
    		-1.27% 2.77% -2.56% 49.93% -27.46% -0.42% -283.52% -152.68% 2.48% -5.02% -25.08% 33.32% -5.48% 12.82% -0.55% -27.72% 10.17% 10.62% 13.99% 4.75% -6.92% 12.88% -19.67% 31.00% -21.05%  
      net income margin %
    		14.95% 14.84% 14.88% 14.33% 10.23% 14.34% 14.32% -7.32% 14.65% 14.62% 15.25% 19.00% 14.67% 15.73% 14.04% 13.90% 19.91% 17.62% 16.36% 13.60% 14.28% 15.89% 13.56% 16.22% 12.70% 16.06% 
      net income attributable to noncontrolling interests
    		106,000,000 118,000,000 104,000,000 109,000,000 105,000,000 109,000,000 120,000,000 132,000,000 122,000,000 118,000,000 109,000,000 121,000,000 124,000,000 116,000,000 131,000,000 124,000,000 147,000,000 149,000,000 133,000,000 130,000,000 147,000,000 139,000,000 131,000,000 143,000,000 130,000,000 128,000,000 
      net income attributable to verizon
    		4,950,000,000 5,003,000,000 4,879,000,000 5,005,000,000 3,306,000,000 4,593,000,000 4,602,000,000 -2,705,000,000 4,762,000,000 4,648,000,000 4,909,000,000 6,577,000,000 4,900,000,000 5,199,000,000 4,580,000,000 4,613,000,000 6,407,000,000 5,800,000,000 5,245,000,000 4,588,000,000 4,357,000,000 4,700,000,000 4,156,000,000 5,194,000,000 3,944,000,000 5,032,000,000 
      basic earnings per common share
    		                          
      weighted-average shares outstanding
    		4,228,000,000 4,224,000,000 4,222,000,000 4,218,000,000 4,220,000,000 4,215,000,000 4,215,000,000 4,211,000,000 4,213,000,000 4,208,000,000 4,207,000,000 4,202,000,000 4,202,000,000 4,201,000,000 4,201,000,000 4,148,000,000 4,142,000,000 4,141,000,000 4,141,000,000 4,140,000,000 4,140,000,000 4,139,000,000 4,139,000,000 4,138,000,000 4,138,000,000 4,138,000,000 
      diluted earnings per common share
    		                          
      equity in earnings (losses) of unconsolidated businesses
    		 -3,000,000 6,000,000    -9,000,000 -11,000,000 -18,000,000 -33,000,000 9,000,000    -3,000,000 135,000,000 1,000,000 1,000,000 8,000,000        
      equity in earnings of unconsolidated businesses
    		           10,000,000 2,000,000 41,000,000             
      wireless cost of equipment
    		                         5,198,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.