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

- Company: Verizon Communications Inc. (VZ)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-01, accession number 0000732712-26-000023
- Page: https://plicit.ai/financials/vz/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/vz-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/vz/fy2026-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/vz-fy2026-q1-revenue-by-business-segment-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. 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
- **Consumer**: 26,453,000,000 US dollars
- **Business**: 7,419,000,000 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
- **Revenue before reconciliation (calculated)**: 33,872,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 79,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Corporate and other**: 647,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Consumer costs (calculated)**: 18,739,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Business costs (calculated)**: 6,535,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 924,000,000 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.: $5.05 B; to noncontrolling interests: $101.00 M.