VZ · XBRL financial data

Verizon Communications financial statements, every fiscal year

The same tables from 6 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 years (VZ's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	128,292	133,613	136,835	133,974	134,788	138,191
Selling, general and administrative	31,573	28,658	30,136	32,745	34,113	33,818
Operating income (loss)	28,798	32,448	30,467	22,877	28,686	29,259
Interest expense	4,247	3,485	3,613	5,524	6,649	6,694
Other income (expense)	(539)	312	1,373	(313)	995	107
Income tax expense (benefit)	5,619	6,802	6,523	4,892	5,030	5,064
Net income (loss)	17,801	22,065	21,256	11,614	17,506	17,174
Earnings per share, basic USD per share	4.30	5.32	5.06	2.76	4.15	4.06
Earnings per share, diluted USD per share	4.30	5.32	5.06	2.75	4.14	4.06
Weighted average shares, basic millions of shares	4,140	4,148	4,202	4,211	4,218	4,226
Weighted average shares, diluted millions of shares	4,142	4,150	4,204	4,215	4,223	4,231

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	22,171	2,921	2,605	2,065	4,194	19,048
Accounts receivable	23,917	23,846	—	—	—	—
Inventory	1,796	3,055	2,388	2,057	2,247	2,441
Prepaid and other current assets	6,710	6,906	8,358	7,607	7,973	8,336
Total current assets	54,594	36,728	37,857	36,814	40,523	56,922
Property and equipment, net	94,833	99,696	107,434	108,310	108,522	109,467
Right-of-use asset	22,531	27,883	26,130	24,726	24,472	23,498
Goodwill	24,773	28,603	28,671	22,843	22,841	22,841
Total assets	316,481	366,596	379,680	380,255	384,711	404,258
Accounts payable	6,667	8,040	8,750	10,021	10,425	12,154
Accrued liabilities	6,050	9,123	7,824	5,190	5,058	4,534
Current portion of long-term debt	5,889	7,443	9,963	12,973	22,633	18,618
Total current liabilities	39,660	47,160	50,171	53,223	64,771	62,370
Lease liability, non-current	18,000	23,203	21,558	20,002	19,928	18,951
Retained earnings	60,464	71,993	82,380	82,915	89,110	94,744
Total liabilities and equity	316,481	366,596	379,680	380,255	384,711	404,258
Common shares outstanding (cover page) millions of shares	4,138	4,198	4,200	4,204	4,210	4,218

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	17,801	22,065	21,256	11,614	17,506	17,174
Net cash from operating activities	41,768	39,539	37,141	37,475	36,912	37,137
Net cash from investing activities	(23,512)	(67,153)	(28,662)	(23,432)	(18,674)	(16,660)
Dividends paid	10,232	10,445	10,805	11,025	11,249	11,481
Proceeds from long-term debt	31,500	41,400	17,800	8,600	15,600	27,600
Net cash from financing activities	1,325	8,277	(8,529)	(14,657)	(17,100)	(5,613)
Net change in cash	19,581	(19,337)	(50)	(614)	1,138	14,864

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.