# Verizon Communications Inc. (VZ) FY2025 YTD Q2 P&L / Income Statement

- Company: Verizon Communications Inc. (VZ)
- Period: 2025-01-01 to 2025-06-30
- Filing: Q2 FY2025 10-Q, filed 2025-07-25, accession number 0000732712-25-000086
- Page: https://plicit.ai/financials/vz/fy2025-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/vz-fy2025-ytd-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-06-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Operating Revenues**: 67,989,000,000 US dollars
- **Cost of revenue (calculated)**: 26,941,000,000 US dollars
- **Gross profit (calculated)**: 41,048,000,000 US dollars
- **Operating expenses (calculated)**: 24,898,000,000 US dollars
- **Operating Income**: 16,150,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 3,068,000,000 US dollars
- **Income Before Provision For Income Taxes**: 13,082,000,000 US dollars
- **Provision for income taxes**: 2,978,000,000 US dollars
- **Net Income**: 10,104,000,000 US dollars
- **Service revenues and other**: 56,336,000,000 US dollars
- **Wireless equipment**: 11,653,000,000 US dollars
- **Cost of services and equipment**: 26,941,000,000 US dollars
- **Selling, general and administrative expense**: 15,686,000,000 US dollars
- **Depreciation and amortization expense**: 9,212,000,000 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.: $9.88 B; to noncontrolling interests: $222.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/vz/fy2025-ytd-q2-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/vz-fy2025-ytd-q2-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Operating Revenues**: 67,989,000,000 US dollars
- **Cost of revenue (calculated)**: 26,941,000,000 US dollars
- **Gross profit (calculated)**: 41,048,000,000 US dollars
- **Operating expenses (calculated)**: 24,898,000,000 US dollars
- **Operating Income**: 16,150,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 3,068,000,000 US dollars
- **Income Before Provision For Income Taxes**: 13,082,000,000 US dollars
- **Provision for income taxes**: 2,978,000,000 US dollars
- **Net Income**: 10,104,000,000 US dollars
- **Consumer**: 52,266,000,000 US dollars
- **Business**: 14,561,000,000 US dollars
- **Cost of services and equipment**: 26,941,000,000 US dollars
- **Selling, general and administrative expense**: 15,686,000,000 US dollars
- **Depreciation and amortization expense**: 9,212,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 66,827,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 161,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Corporate and other**: 1,323,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Consumer costs (calculated)**: 37,199,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Business costs (calculated)**: 13,259,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 1,381,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to Verizon Communications Inc.: $9.88 B; to noncontrolling interests: $222.00 M.

## Chart details: Revenue by Business Segment by Product and Service

- Page: https://plicit.ai/financials/vz/fy2025-ytd-q2-income-statement/revenue-by-business-segment-by-product-and-service
- Chart image: https://plicit.ai/charts/vz-fy2025-ytd-q2-revenue-by-business-segment-by-product-and-service-sankey.png

Income statement for 2025-01-01 through 2025-06-30. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Operating Revenues**: 67,989,000,000 US dollars
- **Cost of revenue (calculated)**: 26,941,000,000 US dollars
- **Gross profit (calculated)**: 41,048,000,000 US dollars
- **Operating expenses (calculated)**: 24,898,000,000 US dollars
- **Operating Income**: 16,150,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 3,068,000,000 US dollars
- **Income Before Provision For Income Taxes**: 13,082,000,000 US dollars
- **Provision for income taxes**: 2,978,000,000 US dollars
- **Net Income**: 10,104,000,000 US dollars
- **Business - Fios revenues**: 620,000,000 US dollars
- **Business - Wireless service**: 7,144,000,000 US dollars
- **Consumer - Fios revenues**: 5,820,000,000 US dollars
- **Consumer - Wireless service**: 34,568,000,000 US dollars
- **Undisclosed (calculated)**: 19,837,000,000 US dollars
- **Cost of services and equipment**: 26,941,000,000 US dollars
- **Selling, general and administrative expense**: 15,686,000,000 US dollars
- **Depreciation and amortization expense**: 9,212,000,000 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.: $9.88 B; to noncontrolling interests: $222.00 M.