Verizon Communications Inc. (VZ) FY2026 Q1 P&L / Income Statement

Verizon Communications Inc. (VZ) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating Revenues

34,440,000,000 US dollars

Cost of revenue (calculated)

13,673,000,000 US dollars

Gross profit (calculated)

20,767,000,000 US dollars

Operating expenses (calculated)

12,525,000,000 US dollars

Operating Income

8,242,000,000 US dollars

Other income (expense), net (calculated)

negative 1,458,000,000 US dollars

Income Before Provision For Income Taxes

6,784,000,000 US dollars

Provision for income taxes

1,638,000,000 US dollars

Net Income

5,146,000,000 US dollars

Service revenues and other

28,759,000,000 US dollars

Wireless equipment

5,681,000,000 US dollars

Cost of services and equipment

13,673,000,000 US dollars

Selling, general and administrative expense

7,633,000,000 US dollars

Depreciation and amortization expense

4,892,000,000 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.: $5.05 B; to noncontrolling interests: $101.00 M.