Verizon Communications Inc.
VZFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
134,788
Cost of Revenue
71,989
Gross Profit
62,799
Gross Margin
46.6%
Operating Income
30,604
Operating Margin
22.7%
Net Income
17,506
Net Margin
13.0%
EPS (Basic)
$4.15
EPS (Diluted)
$4.15
EBITDA
47,524
EBITDA Margin
35.3%
2023
12/31/2023
Revenue
133,974
Cost of Revenue
72,511
Gross Profit
61,463
Gross Margin
45.9%
Operating Income
28,831
Operating Margin
21.5%
Net Income
11,614
Net Margin
8.7%
EPS (Basic)
$2.76
EPS (Diluted)
$2.75
EBITDA
40,136
EBITDA Margin
30.0%
2022
12/31/2022
Revenue
136,835
Cost of Revenue
76,232
Gross Profit
60,603
Gross Margin
44.3%
Operating Income
30,467
Operating Margin
22.3%
Net Income
21,256
Net Margin
15.5%
EPS (Basic)
$5.06
EPS (Diluted)
$5.06
EBITDA
48,952
EBITDA Margin
35.8%
2021
12/31/2021
Revenue
133,613
Cost of Revenue
72,507
Gross Profit
61,106
Gross Margin
45.7%
Operating Income
31,965
Operating Margin
23.9%
Net Income
22,065
Net Margin
16.5%
EPS (Basic)
$5.32
EPS (Diluted)
$5.32
EBITDA
49,124
EBITDA Margin
36.8%
2020
12/31/2020
Revenue
128,292
Cost of Revenue
67,921
Gross Profit
60,371
Gross Margin
47.1%
Operating Income
29,867
Operating Margin
23.3%
Net Income
17,801
Net Margin
13.9%
EPS (Basic)
$4.30
EPS (Diluted)
$4.30
EBITDA
44,961
EBITDA Margin
35.0%