VERIZON COMMUNICATIONS INC

For the period ended Mar 31, 2025. Filed Apr 25, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 25, 2025

VZ$46.31+0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

Verizon Communications Inc. and Subsidiaries

	Three Months Ended
	March 31,
(dollars in millions, except per share amounts) (unaudited)	2025	2024
Operating Revenues
Service revenues and other	$28,087	$27,620
Wireless equipment revenues	5,398	5,361
Total Operating Revenues	33,485	32,981
Operating Expenses
Cost of services (exclusive of items shown below)	6,950	6,967
Cost of wireless equipment	6,106	5,905
Selling, general and administrative expense	7,874	8,143
Depreciation and amortization expense	4,577	4,445
Total Operating Expenses	25,507	25,460
Operating Income	7,978	7,521
Equity in earnings (losses) of unconsolidated businesses	6	(9)
Other income, net	121	198
Interest expense	(1,632)	(1,635)
Income Before Provision For Income Taxes	6,473	6,075
Provision for income taxes	(1,490)	(1,353)
Net Income	$4,983	$4,722
Net income attributable to noncontrolling interests	$104	$120
Net income attributable to Verizon	4,879	4,602
Net Income	$4,983	$4,722
Basic Earnings Per Common Share
Net income attributable to Verizon	$1.16	$1.09
Weighted-average shares outstanding (in millions)	4,222	4,215
Diluted Earnings Per Common Share
Net income attributable to Verizon	$1.15	$1.09
Weighted-average shares outstanding (in millions)	4,226	4,219

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.