Verizon Communications Inc. (VZ)

USD 40.24

(-1.32%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019 2018
Revenue 133.97 Billion 136.83 Billion 133.61 Billion 128.29 Billion 131.86 Billion 130.86 Billion
Cost of Revenue 54.88 Billion 59.13 Billion 56.3 Billion 51.2 Billion 54.72 Billion 55.5 Billion
Gross Profit 79.08 Billion 77.7 Billion 77.31 Billion 77.09 Billion 77.14 Billion 75.35 Billion
Operating Expenses 56.29 Billion 47.23 Billion 44.86 Billion 48.29 Billion 46.57 Billion 48.48 Billion
Selling, General and Administrative Expenses 31.29 Billion 30.13 Billion 28.65 Billion 31.57 Billion 29.89 Billion 31.08 Billion
Research and Development Expenses - - - - - -
Other Expenses 24.99 Billion 2.3 Billion 3.8 Billion -475 Million 583 Million 2.99 Billion
Cost and Expenses 111.09 Billion 106.36 Billion 101.16 Billion 99.49 Billion 101.3 Billion 103.99 Billion
Operating Income 22.87 Billion 30.46 Billion 32.44 Billion 28.79 Billion 30.37 Billion 22.27 Billion
Interest Expense 5.52 Billion 3.61 Billion 3.48 Billion 4.24 Billion 4.73 Billion 4.83 Billion
Income Tax Expense 4.89 Billion 6.52 Billion 6.8 Billion 5.61 Billion 2.94 Billion 3.58 Billion
Earnings before Tax 16.98 Billion 28.27 Billion 29.42 Billion 23.96 Billion 22.73 Billion 19.62 Billion
Net Income 11.61 Billion 21.25 Billion 22.06 Billion 17.8 Billion 19.26 Billion 15.52 Billion
Earnings Per Share Basic 2.76 5.06 5.32 4.30 4.66 3.76
Earnings Per Share Diluted 2.76 5.06 5.32 4.30 4.65 3.76
Weighted Average Shares Outstanding 4.21 Billion 4.2 Billion 4.14 Billion 4.14 Billion 4.13 Billion 4.12 Billion
Weighted Average Shares Outstanding (Diluted) 4.21 Billion 4.2 Billion 4.15 Billion 4.14 Billion 4.14 Billion 4.13 Billion
Gross Margin 0.59 0.57 0.58 0.60 0.58 0.58
EBIT Margin 0.30 0.37 0.39 0.35 0.36 0.36
Profit Margin 0.09 0.16 0.17 0.14 0.15 0.12
EBITDA 40.13 Billion 48.59 Billion 52.87 Billion 48.1 Billion 47.99 Billion 47.04 Billion
Earnings Before Tax Margin 0.17 0.22 0.24 0.22 0.23 0.17

Income Statement Charts