Verizon Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	133,974	136,835	133,613	128,292	131,868	Upgrade
Revenue Growth (YoY)	-2.09%	2.41%	4.15%	-2.71%	0.77%	Upgrade
Cost of Revenue	54,887	59,133	56,301	51,201	54,726	Upgrade
Gross Profit	79,087	77,702	77,312	77,091	77,142	Upgrade
Selling, General & Admin	32,745	30,136	28,658	31,573	29,896	Upgrade
Other Operating Expenses	23,465	17,099	16,206	16,720	16,868	Upgrade
Operating Expenses	56,210	47,235	44,864	48,293	46,764	Upgrade
Operating Income	22,877	30,467	32,448	28,798	30,378	Upgrade
Interest Expense / Income	5,524	3,613	3,485	4,247	4,730	Upgrade
Other Expense / Income	847	-925	96	1,131	3,438	Upgrade
Pretax Income	16,506	27,779	28,867	23,420	22,210	Upgrade
Income Tax	4,892	6,523	6,802	5,619	2,945	Upgrade
Net Income	11,614	21,256	22,065	17,801	19,265	Upgrade
Net Income Growth	-45.36%	-3.67%	23.95%	-7.60%	24.07%	Upgrade
Shares Outstanding (Basic)	4,211	4,202	4,148	4,140	4,138	Upgrade
Shares Outstanding (Diluted)	4,215	4,204	4,150	4,142	4,140	Upgrade
Shares Change	0.26%	1.30%	0.19%	0.05%	0.19%	Upgrade
EPS (Basic)	2.76	5.06	5.32	4.30	4.66	Upgrade
EPS (Diluted)	2.75	5.06	5.32	4.30	4.65	Upgrade
EPS Growth	-45.65%	-4.89%	23.72%	-7.53%	23.67%	Upgrade
Free Cash Flow	18,708	14,054	19,253	23,576	17,807	Upgrade
Free Cash Flow Per Share	4.44	3.35	4.64	5.70	4.30	Upgrade
Dividend Per Share	2.622	2.573	2.522	2.473	2.423	Upgrade
Dividend Growth	1.90%	2.02%	1.98%	2.06%	2.15%	Upgrade
Gross Margin	59.03%	56.79%	57.86%	60.09%	58.50%	Upgrade
Operating Margin	17.08%	22.27%	24.29%	22.45%	23.04%	Upgrade
Profit Margin	8.67%	15.53%	16.51%	13.88%	14.61%	Upgrade
Free Cash Flow Margin	13.96%	10.27%	14.41%	18.38%	13.50%	Upgrade
Effective Tax Rate	29.64%	23.48%	23.56%	23.99%	13.26%	Upgrade
EBITDA	39,654	48,491	48,558	44,387	43,622	Upgrade
EBITDA Margin	29.60%	35.44%	36.34%	34.60%	33.08%	Upgrade
Depreciation & Amortization	17,624	17,099	16,206	16,720	16,682	Upgrade
EBIT	22,030	31,392	32,352	27,667	26,940	Upgrade
EBIT Margin	16.44%	22.94%	24.21%	21.57%	20.43%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).