TTM
$82.1B
YoY change
+0.4%
5Y CAGR
+0.9%
Peak year (FY2025)
$63.1B
Cumulative gross profit
$1.56T
Gross Profit history chart for Verizon (VZ) from 2016 to 2025
Latest: $63.1B
Gross Profit growth chart for Verizon (VZ) from 2016 to 2025
Latest: +0.4%
Gross Profit history table for Verizon (VZ) from 1985 to 2025
| FY2025 | $63.1B | +0.4% | +$278M | ||
| FY2024 | $62.8B | +2.2% | +$1.34B | ||
| FY2023 | $61.5B | +1.4% | +$860M | ||
| FY2022 | $60.6B | -0.8% | -$503M | ||
| FY2021 | $61.1B | +1.2% | +$735M | ||
| FY2020 | $60.4B | -0.1% | -$89M | ||
| FY2019 | $60.5B | +3.8% | +$2.21B | ||
| FY2018 | $58.3B | +1.3% | +$731M | ||
| FY2017 | $57.5B | -1.9% | -$1.1B | ||
| FY2016 | $58.6B | -7.0% | -$4.42B | ||
| FY2015 | $63B | +4.0% | +$2.43B | ||
| FY2014 | $60.6B | +2.6% | +$1.56B | ||
| FY2013 | $59.1B | +11.1% | +$5.91B | ||
| FY2012 | $53.2B | +9.6% | +$4.65B | ||
| FY2011 | $48.5B | +0.5% | +$250M | ||
| FY2010 | $48.3B | -1.5% | -$717M | ||
| FY2009 | $49B | +11.6% | +$5.08B | ||
| FY2008 | $43.9B | +5.6% | +$2.31B | ||
| FY2007 | $41.6B | +7.6% | +$2.95B | ||
| FY2006 | $38.6B | +21.8% | +$6.93B | ||
| FY2005 | $31.7B | -7.3% | -$2.5B | ||
| FY2004 | $34.2B | -25.3% | -$11.6B | ||
| FY2003 | $45.8B | -3.0% | -$1.42B | ||
| FY2002 | $47.2B | +2.2% | +$1.02B | ||
| FY2001 | $46.2B | +83.0% | +$20.9B | ||
| FY2000 | $25.2B | +3.1% | +$762M | ||
| FY1999 | $24.5B | +12.4% | +$2.7B | ||
| FY1998 | $21.8B | +0.1% | +$13.2M | ||
| FY1997 | $21.7B | +0.9% | +$189M | ||
| FY1996 | $21.6B | +2.4% | +$509M | ||
| FY1995 | $21.1B | +115.0% | +$11.3B | ||
| FY1994 | $9.79B | +9.2% | +$827M | ||
| FY1993 | $8.96B | +3.0% | +$257M | ||
| FY1992 | $8.71B | +4.3% | +$362M | ||
| FY1991 | $8.34B | -2.3% | -$194M | ||
| FY1990 | $8.54B | +10.7% | +$827M | ||
| FY1989 | $7.71B | +67.7% | +$3.11B | ||
| FY1988 | $4.6B | +3.0% | +$136M | ||
| FY1987 | $4.46B | +1.7% | +$72.5M | ||
| FY1986 | $4.39B | +15.3% | +$582M | ||
| FY1985 | $3.81B | — | — |
- FY2025$63.1B+0.4%
- FY2024$62.8B+2.2%
- FY2023$61.5B+1.4%
- FY2022$60.6B-0.8%
- FY2021$61.1B+1.2%
- FY2020$60.4B-0.1%
- FY2019$60.5B+3.8%
- FY2018$58.3B+1.3%
- FY2017$57.5B-1.9%
- FY2016$58.6B-7.0%
- FY2015$63B+4.0%
- FY2014$60.6B+2.6%
- FY2013$59.1B+11.1%
- FY2012$53.2B+9.6%
- FY2011$48.5B+0.5%
- FY2010$48.3B-1.5%
- FY2009$49B+11.6%
- FY2008$43.9B+5.6%
- FY2007$41.6B+7.6%
- FY2006$38.6B+21.8%
- FY2005$31.7B-7.3%
- FY2004$34.2B-25.3%
- FY2003$45.8B-3.0%
- FY2002$47.2B+2.2%
- FY2001$46.2B+83.0%
- FY2000$25.2B+3.1%
- FY1999$24.5B+12.4%
- FY1998$21.8B+0.1%
- FY1997$21.7B+0.9%
- FY1996$21.6B+2.4%
- FY1995$21.1B+115.0%
- FY1994$9.79B+9.2%
- FY1993$8.96B+3.0%
- FY1992$8.71B+4.3%
- FY1991$8.34B-2.3%
- FY1990$8.54B+10.7%
- FY1989$7.71B+67.7%
- FY1988$4.6B+3.0%
- FY1987$4.46B+1.7%
- FY1986$4.39B+15.3%
- FY1985$3.81B—
Gross Profit values are taken from Verizon's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Verizon (VZ)
According to Verizon's latest reported financial statements, the company's current gross profit (TTM) is $82.1B. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Verizon (VZ) gross profit is $63.1B – edged up 0.4% year-over-year.
Across 2020–2025 (5 years), Verizon gross profit produced a CAGR of +0.9% – sustaining 3 straight years of year-over-year growth.
Across the available history, gross profit reached its high of $63.1B in 2025 and its low of $3.81B in 1985.
Verizon Gross Profit by Year
Verizon Gross Profit 2025: $63.1B
In 2025, Verizon reported gross profit of $63.1B, edged up 0.4% from 2024. This figure represents the highest annual value in the available history.
Verizon Gross Profit 2024: $62.8B
Verizon gross profit in 2024 was $62.8B, edged up 2.2% from 2023.
Verizon Gross Profit 2023: $61.5B
2023's gross profit for Verizon came in at $61.5B, edged up 1.4% from 2022.
Verizon Gross Profit 2022: $60.6B
Verizon posted gross profit of $60.6B in 2022, edged down 0.8% below 2021.
Verizon Gross Profit 2021: $61.1B
Verizon gross profit in 2021 was $61.1B.
See more financial history for Verizon (VZ).
Sector peers by Gross Profit
Communication Services peers of Verizon (VZ), ranked by their latest gross profit
| $240B | |
| $165B | |
| $88.8B | |
| $74.8B | |
| $42.1B | |
| $35.7B | |
| $21.9B | |
| $6.4B |
- $240B
- $165B
- $88.8B
- $74.8B
- $42.1B
- $35.7B
- $21.9B
- $6.4B
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