# Verizon Communications Inc: financial statements, quarterly

VZ · NYSE · CIK 732712 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vz.md) · [Financials](/companies/vz/financials.md) · [Filings](/companies/vz/filings.md) · [Insiders](/companies/vz/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/vz/financials.md?period=annual).

## Income statement

| Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [35.1 d](/filings/0000732712-26-000007.md) | [33.0](/filings/0000732712-25-000024.md) | [32.8](/filings/0000732712-25-000086.md) | [33.3](/filings/0000732712-25-000116.md) | [35.7 d](/filings/0000732712-26-000007.md) | [33.5](/filings/0000732712-26-000023.md) | [34.5](/filings/0000732712-26-000046.md) | [33.8](/filings/0000732712-26-000052.md) | [36.4 d](/filings/0000732712-26-000007.md) | [34.4](/filings/0000732712-26-000023.md) | [34.3](/filings/0000732712-26-000046.md) | [34.3](/filings/0000732712-26-000052.md) |
| Cost of revenue | $bn | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Selling, general and administrative | $bn | [9.0 d](/filings/0000732712-26-000007.md) | [8.1](/filings/0000732712-25-000024.md) | [8.0](/filings/0000732712-25-000086.md) | [9.7](/filings/0000732712-25-000116.md) | [8.2 d](/filings/0000732712-26-000007.md) | [7.9](/filings/0000732712-26-000023.md) | [7.8](/filings/0000732712-26-000046.md) | [7.8](/filings/0000732712-26-000052.md) | [10.4 d](/filings/0000732712-26-000007.md) | [7.6](/filings/0000732712-26-000023.md) | [9.0](/filings/0000732712-26-000046.md) | [7.5](/filings/0000732712-26-000052.md) |
| Operating income | $bn | [0.6 d](/filings/0000732712-26-000007.md) | [7.5](/filings/0000732712-25-000024.md) | [7.8](/filings/0000732712-25-000086.md) | [5.9](/filings/0000732712-25-000116.md) | [7.4 d](/filings/0000732712-26-000007.md) | [8.0](/filings/0000732712-26-000023.md) | [8.2](/filings/0000732712-26-000046.md) | [8.1](/filings/0000732712-26-000052.md) | [5.0 d](/filings/0000732712-26-000007.md) | [8.2](/filings/0000732712-26-000023.md) | [7.2](/filings/0000732712-26-000046.md) | [8.7](/filings/0000732712-26-000052.md) |
| Interest expense | $bn | [1.6 d](/filings/0000732712-24-000010.md) | [1.6](/filings/0000732712-24-000029.md) | [1.7](/filings/0000732712-24-000052.md) | [1.7](/filings/0000732712-25-000116.md) | [1.6 d](/filings/0000732712-26-000007.md) | [1.6](/filings/0000732712-26-000023.md) | [1.6](/filings/0000732712-26-000046.md) | [1.7](/filings/0000732712-26-000052.md) | [1.8 d](/filings/0000732712-26-000007.md) | [1.9](/filings/0000732712-26-000023.md) | [2.0](/filings/0000732712-26-000046.md) | [2.0](/filings/0000732712-26-000052.md) |
| Income tax | $bn | [0.8 d](/filings/0000732712-26-000007.md) | [1.4](/filings/0000732712-25-000024.md) | [1.3](/filings/0000732712-25-000086.md) | [0.9](/filings/0000732712-25-000116.md) | [1.5 d](/filings/0000732712-26-000007.md) | [1.5](/filings/0000732712-26-000023.md) | [1.5](/filings/0000732712-26-000046.md) | [1.5](/filings/0000732712-26-000052.md) | [0.6 d](/filings/0000732712-26-000007.md) | [1.6](/filings/0000732712-26-000023.md) | [1.3](/filings/0000732712-26-000046.md) | [1.5](/filings/0000732712-26-000052.md) |
| Net income | $bn | [(2.7) d](/filings/0000732712-26-000007.md) | [4.6](/filings/0000732712-25-000024.md) | [4.6](/filings/0000732712-25-000086.md) | [3.3](/filings/0000732712-25-000116.md) | [5.0 d](/filings/0000732712-26-000007.md) | [4.9](/filings/0000732712-26-000023.md) | [5.0](/filings/0000732712-26-000046.md) | [5.0](/filings/0000732712-26-000052.md) | [2.3 d](/filings/0000732712-26-000007.md) | [5.0](/filings/0000732712-26-000023.md) | [3.8](/filings/0000732712-26-000046.md) | [5.2](/filings/0000732712-26-000052.md) |
| Diluted EPS | $ per share | not reported | [1.09](/filings/0000732712-25-000024.md) | [1.09](/filings/0000732712-25-000086.md) | [0.78](/filings/0000732712-25-000116.md) | not reported | [1.15](/filings/0000732712-26-000023.md) | [1.18](/filings/0000732712-26-000046.md) | [1.17](/filings/0000732712-26-000052.md) | not reported | [1.20](/filings/0000732712-26-000023.md) | [0.92](/filings/0000732712-26-000046.md) | [1.25](/filings/0000732712-26-000052.md) |
| Basic EPS | $ per share | not reported | [1.09](/filings/0000732712-25-000024.md) | [1.09](/filings/0000732712-25-000086.md) | [0.78](/filings/0000732712-25-000116.md) | not reported | [1.16](/filings/0000732712-26-000023.md) | [1.18](/filings/0000732712-26-000046.md) | [1.17](/filings/0000732712-26-000052.md) | not reported | [1.20](/filings/0000732712-26-000023.md) | [0.92](/filings/0000732712-26-000046.md) | [1.25](/filings/0000732712-26-000052.md) |

- Revenue: us-gaap:Revenues
- Cost of revenue: not reported
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $bn | [2.1](/filings/0000732712-25-000006.md) | [2.4](/filings/0000732712-24-000029.md) | [2.4](/filings/0000732712-24-000052.md) | [5.0](/filings/0000732712-24-000069.md) | [4.2](/filings/0000732712-26-000007.md) | [2.3](/filings/0000732712-25-000024.md) | [3.4](/filings/0000732712-25-000086.md) | [7.7](/filings/0000732712-25-000116.md) | [19.0](/filings/0000732712-26-000052.md) | [8.4](/filings/0000732712-26-000023.md) | [1.8](/filings/0000732712-26-000046.md) | [4.5](/filings/0000732712-26-000052.md) |
| Current assets | $bn | [36.8](/filings/0000732712-25-000006.md) | [38.0](/filings/0000732712-24-000029.md) | [38.1](/filings/0000732712-24-000052.md) | [40.6](/filings/0000732712-24-000069.md) | [40.5](/filings/0000732712-26-000007.md) | [37.4](/filings/0000732712-25-000024.md) | [38.8](/filings/0000732712-25-000086.md) | [44.0](/filings/0000732712-25-000116.md) | [56.9](/filings/0000732712-26-000052.md) | [44.7](/filings/0000732712-26-000023.md) | [37.6](/filings/0000732712-26-000046.md) | [41.5](/filings/0000732712-26-000052.md) |
| Total assets | $bn | [380](/filings/0000732712-25-000006.md) | [380](/filings/0000732712-24-000029.md) | [379](/filings/0000732712-24-000052.md) | [381](/filings/0000732712-24-000069.md) | [385](/filings/0000732712-26-000007.md) | [380](/filings/0000732712-25-000024.md) | [383](/filings/0000732712-25-000086.md) | [388](/filings/0000732712-25-000116.md) | [404](/filings/0000732712-26-000052.md) | [418](/filings/0000732712-26-000023.md) | [410](/filings/0000732712-26-000046.md) | [416](/filings/0000732712-26-000052.md) |
| Current liabilities | $bn | [53.2](/filings/0000732712-25-000006.md) | [53.6](/filings/0000732712-24-000029.md) | [60.8](/filings/0000732712-24-000052.md) | [61.8](/filings/0000732712-24-000069.md) | [64.8](/filings/0000732712-26-000007.md) | [61.1](/filings/0000732712-25-000024.md) | [61.0](/filings/0000732712-25-000086.md) | [59.6](/filings/0000732712-25-000116.md) | [62.4](/filings/0000732712-26-000052.md) | [69.9](/filings/0000732712-26-000023.md) | [62.2](/filings/0000732712-26-000046.md) | [66.3](/filings/0000732712-26-000052.md) |
| Long-term debt | $bn | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Current portion of debt | $bn | [13.0](/filings/0000732712-25-000006.md) | [15.6](/filings/0000732712-24-000029.md) | [23.3](/filings/0000732712-24-000052.md) | [21.8](/filings/0000732712-24-000069.md) | [22.6](/filings/0000732712-26-000007.md) | [22.6](/filings/0000732712-25-000024.md) | [22.1](/filings/0000732712-25-000086.md) | [20.1](/filings/0000732712-25-000116.md) | [18.6](/filings/0000732712-26-000052.md) | [28.2](/filings/0000732712-26-000023.md) | [21.8](/filings/0000732712-26-000046.md) | [23.9](/filings/0000732712-26-000052.md) |
| Short-term borrowings | $bn | [0.0](/filings/0000732712-25-000006.md) | not reported | not reported | not reported | [0.1](/filings/0000732712-26-000007.md) | not reported | not reported | not reported | [0.4](/filings/0000732712-26-000007.md) | not reported | not reported | not reported |
| Shareholders' equity | $bn | [93.8](/filings/0000732712-26-000007.md) | [95.7](/filings/0000732712-25-000024.md) | [97.5](/filings/0000732712-25-000086.md) | [97.7](/filings/0000732712-25-000116.md) | [101](/filings/0000732712-26-000007.md) | [102](/filings/0000732712-26-000023.md) | [104](/filings/0000732712-26-000046.md) | [106](/filings/0000732712-26-000052.md) | [106](/filings/0000732712-26-000052.md) | [105](/filings/0000732712-26-000023.md) | [105](/filings/0000732712-26-000046.md) | [107](/filings/0000732712-26-000052.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Long-term debt: not reported
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Short-term borrowings: us-gaap:ShortTermBorrowings
- Shareholders' equity: us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

## Cash flow

| Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $bn | [8.7 d](/filings/0000732712-26-000007.md) | [7.1](/filings/0000732712-25-000024.md) | [9.5 d](/filings/0000732712-25-000086.md) | [9.9 d](/filings/0000732712-25-000116.md) | [10.4 d](/filings/0000732712-26-000007.md) | [7.8](/filings/0000732712-26-000023.md) | [9.0 d](/filings/0000732712-26-000046.md) | [11.3 d](/filings/0000732712-26-000052.md) | [9.1 d](/filings/0000732712-26-000007.md) | [8.0](/filings/0000732712-26-000023.md) | [10.4 d](/filings/0000732712-26-000046.md) | [11.5 d](/filings/0000732712-26-000052.md) |
| Capital expenditure | $bn | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Dividends paid | $bn | [2.8 d](/filings/0000732712-26-000007.md) | [2.8](/filings/0000732712-25-000024.md) | [2.8 d](/filings/0000732712-25-000086.md) | [2.8 d](/filings/0000732712-25-000116.md) | [2.9 d](/filings/0000732712-26-000007.md) | [2.9](/filings/0000732712-26-000023.md) | [2.9 d](/filings/0000732712-26-000046.md) | [2.9 d](/filings/0000732712-26-000052.md) | [2.9 d](/filings/0000732712-26-000007.md) | [2.9](/filings/0000732712-26-000023.md) | [3.0 d](/filings/0000732712-26-000046.md) | [2.9 d](/filings/0000732712-26-000052.md) |
| Share repurchases | $bn | not reported | not reported | not reported | not reported | not reported | [0.0](/filings/0000732712-26-000023.md) | [0.0 d](/filings/0000732712-26-000046.md) | [0.0 d](/filings/0000732712-26-000052.md) | not reported | [2.5](/filings/0000732712-26-000023.md) | [1.0 d](/filings/0000732712-26-000046.md) | [0.5 d](/filings/0000732712-26-000052.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: not reported
- Dividends paid: us-gaap:PaymentsOfDividends
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [4,211](/filings/0000732712-24-000029.md) | [4,213](/filings/0000732712-24-000052.md) | [4,216](/filings/0000732712-24-000069.md) | [4,219](/filings/0000732712-25-000024.md) | [4,221](/filings/0000732712-25-000086.md) | [4,225](/filings/0000732712-25-000116.md) | [4,226](/filings/0000732712-26-000023.md) | [4,228](/filings/0000732712-26-000046.md) | [4,233](/filings/0000732712-26-000052.md) | [4,210](/filings/0000732712-26-000023.md) | [4,171](/filings/0000732712-26-000046.md) | [4,161](/filings/0000732712-26-000052.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 4,144,598,336 at 2026-09-30, from the cover of the [10-Q filed 2026-10-29](/filings/0000732712-26-000052.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 29, 2026, 09:57 ET. No prices; not investment advice.