Verizon Communications
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Verizon Communications's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $133,974,000,000. Profit margin reached 9%. Total operating expenses were $56,210,000,000.
Profit Margin
| 2014 | 127.07B | 9.62B | 7.57% |
|---|---|---|---|
| 2015 | 131.62B | 17.87B | 13.58% |
| 2016 | 125.98B | 13.12B | 10.42% |
| 2017 | 126.03B | 30.10B | 23.88% |
| 2018 | 130.86B | 15.52B | 11.87% |
| 2019 | 131.86B | 19.26B | 14.61% |
| 2020 | 128.29B | 17.80B | 13.88% |
| 2021 | 133.61B | 22.06B | 16.51% |
| 2022 | 136.83B | 21.25B | 15.53% |
| 2023 | 133.97B | 11.61B | 8.67% |
VZ Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 133.97B | 136.83B | 133.61B | 128.29B | 131.86B | 130.86B | 126.03B | 125.98B | 131.62B | 127.07B |
Cost of revenue | 54.88B | 76.23B | 56.30B | 51.20B | 54.72B | 55.50B | 53.06B | 51.42B | 52.55B | 49.93B |
Gross profit | 79.08B | 60.60B | 77.31B | 77.09B | 77.14B | 75.35B | 72.97B | 74.55B | 79.06B | 77.14B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 3.84B | 3.55B | 3.39B | 3.10B | 3.07B | 0 | 2.64B | 0 | 2.74B | 2.52B |
Total operating expenses | 56.21B | 30.13B | 44.86B | 48.29B | 46.57B | 48.48B | 43.77B | 47.49B | 46.00B | 57.54B |
Operating income | 22.87B | 30.46B | 31.96B | 28.79B | 30.37B | 22.27B | 27.42B | 27.05B | 33.06B | 19.59B |
Other income (expenses), net | -5.89B | -2.19B | -2.54B | -4.83B | -7.64B | -2.41B | -6.83B | -1.69B | -4.82B | -4.32B |
Income before tax | 16.98B | 28.27B | 29.42B | 23.96B | 22.73B | 19.62B | 20.59B | 20.98B | 28.24B | 15.27B |
Income tax expense | 4.89B | 6.52B | 6.80B | 5.61B | 2.94B | 3.58B | -9.95B | 7.37B | 9.86B | 3.31B |
Net income | 11.61B | 21.25B | 22.06B | 17.80B | 19.26B | 15.52B | 30.10B | 13.12B | 17.87B | 9.62B |
Earnings per share | ||||||||||
Basic EPS | 2.76 | 5.06 | 5.32 | 4.3 | 4.66 | 3.76 | 7.37 | 3.22 | 4.38 | 2.42 |
Diluted EPS | 2.76 | 5.06 | 5.32 | 4.3 | 4.65 | 3.76 | 7.36 | 3.21 | 4.37 | 2.42 |
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