VZ · XBRL financial data

Verizon Communications financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (VZ's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	35,130*	32,981	32,796	33,330	35,681*	33,485	34,504	33,821	36,381*	34,440	34,253	34,313
Selling, general and administrative	8,991*	8,143	8,024	9,706	8,240*	7,874	7,812	7,752	10,380*	7,633	8,982	7,480
Operating income (loss)	600*	7,521	7,818	5,926	7,421*	7,978	8,172	8,105	5,004*	8,242	7,179	8,650
Interest expense	1,599*	1,635	1,698	1,672	1,644*	1,632	1,639	1,664	1,759*	1,940	1,985	1,950
Other income (expense)	(807)*	198	(72)	72	797*	121	79	92	(185)*	477	36	120
Income tax expense (benefit)	756*	1,353	1,332	891	1,454*	1,490	1,488	1,471	615*	1,638	1,325	1,497
Net income (loss)	(2,705)*	4,602	4,593	3,306	5,005*	4,879	5,003	4,950	2,342*	5,045	3,835	5,198
Earnings per share, basic USD per share	(0.64)*	1.09	1.09	0.78	1.19*	1.16	1.18	1.17	0.55*	1.20	0.92	1.25
Earnings per share, diluted USD per share	(0.64)*	1.09	1.09	0.78	1.18*	1.15	1.18	1.17	0.55*	1.20	0.92	1.25
Weighted average shares, basic millions of shares	4,216*	4,215	4,215	4,220	4,222*	4,222	4,224	4,228	4,230*	4,205	4,168	4,157
Weighted average shares, diluted millions of shares	4,220*	4,219	4,221	4,225	4,227*	4,226	4,228	4,233	4,237*	4,210	4,171	4,161

Balance sheet

CSV

Fiscal quarters (VZ's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	2,065	2,365	2,432	4,987	4,194	2,257	3,435	7,706	19,048	8,366	1,752	4,495
Inventory	2,057	2,076	1,841	2,523	2,247	2,197	2,137	2,700	2,441	2,320	2,036	2,775
Prepaid and other current assets	7,607	8,197	8,176	7,177	7,973	7,010	6,999	7,684	8,336	7,382	7,297	7,876
Total current assets	36,814	37,957	38,056	40,641	40,523	37,353	38,846	44,010	56,922	44,723	37,571	41,511
Property and equipment, net	108,310	107,863	107,890	107,528	108,522	107,923	108,069	108,467	109,467	125,972	125,497	125,134
Right-of-use asset	24,726	24,351	24,064	23,613	24,472	24,175	23,949	23,760	23,498	23,401	23,158	22,680
Goodwill	22,843	22,842	22,842	22,844	22,841	22,842	22,841	22,841	22,841	30,628	30,664	30,729
Total assets	380,255	380,158	379,146	381,164	384,711	380,364	383,285	388,331	404,258	417,882	410,186	415,522
Accounts payable	10,021	—	—	—	10,425	—	—	—	12,154	—	—	—
Accrued liabilities	5,190	—	—	—	5,058	—	—	—	4,534	—	—	—
Current portion of long-term debt	12,973	15,594	23,255	21,763	22,633	22,629	22,067	20,146	18,618	28,229	21,783	23,889
Total current liabilities	53,223	53,631	60,806	61,816	64,771	61,066	60,952	59,563	62,370	69,880	62,211	66,271
Lease liability, non-current	20,002	19,654	19,456	19,247	19,928	19,379	19,164	19,176	18,951	18,692	18,392	17,963
Retained earnings	82,915	84,714	86,504	86,958	89,110	91,128	93,275	95,316	94,744	96,824	97,728	99,995
Total liabilities and equity	380,255	380,158	379,146	381,164	384,711	380,364	383,285	388,331	404,258	417,882	410,186	415,522
Common shares outstanding (cover page) millions of shares	4,204	4,209	4,210	4,210	4,210	4,216	4,216	4,216	4,218	4,176	4,155	4,145

Cash flows

CSV

Fiscal quarters (VZ's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	(2,705)*	4,602	4,593	3,306	5,005*	4,879	5,003	4,950	2,342*	5,045	3,835	5,198
Net cash from operating activities	8,677*	7,084	9,485*	9,911*	10,432*	7,782	8,975*	11,266*	9,114*	7,984	10,435*	11,517*
Net cash from investing activities	(7,824)*	(5,245)	(3,865)*	(4,003)*	(5,561)*	(3,752)	(3,438)*	(4,490)*	(4,980)*	(13,573)	(4,927)*	(6,971)*
Share repurchases	—	—	—	—	—	0	0*	0*	—	2,500	1,000*	500*
Dividends paid	2,794*	2,796	2,802*	2,801*	2,850*	2,856	2,856*	2,857*	2,912*	2,910	2,954*	2,940*
Proceeds from long-term debt	year only	—	—	—	year only	—	—	—	year only	—	—	—
Net cash from financing activities	(3,016)*	(1,428)	(5,634)*	(4,415)*	(5,623)*	(5,893)	(4,378)*	(2,551)*	7,209*	(5,278)	(11,836)*	(1,786)*
Net change in cash	(2,163)*	411	(14)*	1,493*	(752)*	(1,863)	1,159*	4,225*	11,343*	(10,867)	(6,328)*	2,760*

Compare with peers

SIC 4813 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 4813 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (4813) companies nearest in public float, each marked “added: same SIC”.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Verizon Communications	4,495	34,313	11,517*	4.1B	Q3 FY26 10-QSep 30, 2026
AT&T	10,767	32,322	10,519*	6.7B	Q3 FY26 10-QSep 30, 2026
T-Mobile US	5,620	23,584	7,341	1.1B	Q3 FY26 10-QSep 30, 2026
Frontier Communications Parentadded: same SIC	336	1,550	504*	250.3M	Q3 FY25 10-QSep 30, 2025
Qwestadded: same SIC	56	1,051	264	0	Q1 FY26 10-QMar 31, 2026
Lumen Technologiesadded: same SIC	978	2,382	518*	1.0B	Q3 FY26 10-QSep 30, 2026
Telephone & Data Systemsadded: same SIC	2,194	309	56*	115.1M	Q2 FY26 10-QJun 30, 2026
Uniti Groupadded: same SIC	609	910	79*	242.7M	Q2 FY26 10-QJun 30, 2026
Idtadded: same SIC	221	not reported	44*	not reported	Q4 FY26 10-KJul 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.