Verizon Communications Inc. (VZ) FY2024 Annual P&L / Income Statement

Verizon Communications Inc. (VZ) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating Revenues

134,788,000,000 US dollars

Cost of revenue (calculated)

54,097,000,000 US dollars

Gross profit (calculated)

80,691,000,000 US dollars

Operating expenses (calculated)

52,005,000,000 US dollars

Operating Income

28,686,000,000 US dollars

Other income (expense), net (calculated)

negative 5,707,000,000 US dollars

Income Before Provision For Income Taxes

22,979,000,000 US dollars

Provision for income taxes

5,030,000,000 US dollars

Net Income

17,949,000,000 US dollars

Business - Fios Revenues

1,252,000,000 US dollars

Business - Wireless Service

13,753,000,000 US dollars

Consumer - Fios Revenues

11,647,000,000 US dollars

Consumer - Wireless Service

65,374,000,000 US dollars

Undisclosed (calculated)

42,762,000,000 US dollars

Cost of services and wireless equipment

54,097,000,000 US dollars

Depreciation and amortization expense

17,892,000,000 US dollars

Verizon Business Group goodwill impairment

0 US dollars

Selling, general and administrative expense

34,113,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to Verizon Communications Inc.: $17.51 B; to noncontrolling interests: $443.00 M.