← VERIZON COMMUNICATIONS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $126.0b $126.0b $130.9b $131.9b $128.3b $133.6b $136.8b $134.0b $134.8b $138.2b
Cost of Revenue $22.2b $22.1b $77.5b $71.6b $67.9b $72.5b $76.2b $78.4b $72.0b $75.1b
Operating expenses:
Total Operating Expenses $98.9b $98.6b $108.6b $101.5b $99.5b $101.2b $106.4b $111.1b $106.1b $108.9b
Operating Income (Loss) $27.1b $27.4b $22.3b $30.4b $28.8b $32.4b $30.5b $22.9b $28.7b $29.3b
Additional Financial Items
Amortization of Intangible Assets $1.7b $2.2b $2.2b $2.3b $2.4b $2.1b $2.5b $2.7b $2.8b $3.0b
Equity in earnings (losses) of unconsolidated businesses ($98.0m) ($77.0m) ($186.0m) ($15.0m) ($45.0m) $145.0m $44.0m ($53.0m) ($53.0m) $0
Goodwill, Impairment Loss — — $4.6b $186.0m $0 $0 $16.0m $5.8b $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic $20.0b $19.6b $19.8b $21.7b $22.8b $27.6b $26.8b $15.7b $21.3b $20.1b
Interest Income, Other — — $94.0m $121.0m $65.0m $48.0m $146.0m $354.0m $336.0m $329.0m
Provision for income taxes ($7.4b) $10.0b ($3.6b) ($2.9b) ($5.6b) ($6.8b) ($6.5b) ($4.9b) ($5.0b) ($5.1b)
Verizon Business Group goodwill impairment $0 $0 $4.6b $186.0m $0 $0 $0 $5.8b $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $21.0b $20.6b $19.6b $22.7b $24.0b $29.4b $28.3b $17.0b $23.0b $22.7b
Income Before Provision For Income Taxes $21.0b $20.6b $19.6b $22.7b $24.0b $29.4b $28.3b $17.0b $23.0b $22.7b
Net Income (Loss) Attributable to Parent $13.1b $30.1b $15.5b $19.3b $17.8b $22.1b $21.3b $11.6b $17.5b $17.2b
Net Income (Loss) Attributable to Noncontrolling Interest $481.0m $449.0m $511.0m $523.0m $547.0m $553.0m $492.0m $481.0m $443.0m $434.0m
Net income attributable to noncontrolling interests $481.0m $449.0m $511.0m $523.0m $547.0m $553.0m $492.0m $481.0m $443.0m $434.0m
Common Stock, Dividends, Per Share, Declared $2.29 $2.33 $2.38 $2.44 $2.48 $2.54 $2.58 $2.63 $2.69 $2.73
Earnings Per Share, Basic $3.22 $7.37 $3.76 $4.66 $4.30 $5.32 $5.06 $2.76 $4.15 $4.06
Earnings Per Share, Diluted $3.21 $7.36 $3.76 $4.65 $4.30 $5.32 $5.06 $2.75 $4.14 $4.06
Weighted Average Number of Shares Outstanding, Basic 4.1b 4.1b 4.1b 4.1b 4.1b 4.1b 4.2b 4.2b 4.2b 4.2b
Weighted-average shares outstanding (in shares) 4.1b 4.1b 4.1b 4.1b 4.1b 4.2b 4.2b 4.2b 4.2b 4.2b
Weighted Average Number of Shares Outstanding, Diluted 4.1b 4.1b 4.1b 4.1b 4.1b 4.2b 4.2b 4.2b 4.2b 4.2b
Cost of services and wireless equipment $52.7b $53.1b $55.5b $54.7b $51.2b $56.3b $59.1b $54.9b $54.1b $56.8b
Current Income Tax Expense (Benefit) $8.4b $4.5b $3.2b $1.7b $4.1b $2.5b $3.5b $2.5b $4.2b $2.7b
Depreciation and amortization expense $15.9b $17.0b $17.4b $16.7b $16.7b $16.2b $17.1b $17.6b $17.9b $18.3b
Interest Expense $4.4b $4.7b $4.8b $4.7b $4.2b $3.5b $3.6b $5.5b ($6.6b) ($6.7b)
Interest Expense (non-operating) — — — — — — — — $6.6b $6.7b
Other Nonoperating Income (Expense) ($1.6b) ($2.0b) $2.4b ($2.9b) ($539.0m) $312.0m $1.4b ($313.0m) $995.0m $107.0m
Other income (expense), net ($1.6b) ($2.0b) $2.4b ($2.9b) ($539.0m) $312.0m $1.4b ($313.0m) $995.0m $107.0m
Selling, General and Administrative Expense $31.6b $30.1b $31.1b $29.9b $31.6b $28.7b $30.1b $32.7b $34.1b $33.8b
Income Tax Expense (Benefit) $7.4b ($10.0b) $3.6b $2.9b $5.6b $6.8b $6.5b $4.9b $5.0b $5.1b
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — ($3.1b) ($627.0m) $425.0m ($3.8b) ($2.4b) $938.0m ($300.0m) $827.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.