Operating Income for Verizon (VZ)
According to Verizon's latest reported financial statements, the company's current operating income (TTM) is $29.26B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
VZ
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$29.26B
YoY change
-4.4%
5Y CAGR
-0.4%
Peak year (2015)
$32.81B
Cumulative operating income
$639.96B
Operating Income history chart for Verizon (VZ) from 1985 to 2025
Operating Income history table for Verizon (VZ) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $29.26B | -4.4% | ||
| 2024 | $30.60B | +6.1% | ||
| 2023 | $28.83B | -5.4% | ||
| 2022 | $30.47B | -4.7% | ||
| 2021 | $31.96B | +7.0% | ||
| 2020 | $29.87B | -3.7% | ||
| 2019 | $31.03B | +3.4% | ||
| 2018 | $30.01B | +13.2% | ||
| 2017 | $26.52B | +2.4% | ||
| 2016 | $25.91B | -21.0% | ||
| 2015 | $32.81B | +73.7% | ||
| 2014 | $18.89B | -40.4% | ||
| 2013 | $31.69B | +50.9% | ||
| 2012 | $21.01B | +11.5% | ||
| 2011 | $18.83B | -0.7% | ||
| 2010 | $18.97B | -2.6% | ||
| 2009 | $19.48B | +7.6% | ||
| 2008 | $18.11B | +8.4% | ||
| 2007 | $16.71B | +17.6% | ||
| 2006 | $14.21B | +15.0% | ||
| 2005 | $12.36B | -5.1% | ||
| 2004 | $13.03B | +75.9% | ||
| 2003 | $7.41B | -50.2% | ||
| 2002 | $14.88B | +29.7% | ||
| 2001 | $11.47B | -11.5% | ||
| 2000 | $12.96B | -11.0% | ||
| 1999 | $14.57B | +119.9% | ||
| 1998 | $6.63B | +24.1% | ||
| 1997 | $5.34B | -12.1% | ||
| 1996 | $6.08B | +12.2% | ||
| 1995 | $5.42B | +93.2% | ||
| 1994 | $2.80B | +0.3% | ||
| 1993 | $2.80B | +11.6% | ||
| 1992 | $2.51B | -0.8% | ||
| 1991 | $2.53B | -3.2% | ||
| 1990 | $2.61B | +29.7% | ||
| 1989 | $2.01B | -10.3% | ||
| 1988 | $2.24B | -4.3% | ||
| 1987 | $2.35B | -4.8% | ||
| 1986 | $2.46B | +6.0% | ||
| 1985 | $2.32B | — |
Operating Income values are taken from Verizon's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Verizon (VZ) most recent annual operating income stands at $29.26B (2025) – edged down 4.4% year-over-year.
Verizon operating income has contracted on net over the period, with a -0.4% compound annual growth rate over 2020–2025 (5 years).
Verizon operating income peaked at $32.81B in 2015; the latest annual figure is $29.26B in 2025 (10.8% below peak).
The highest annual operating income of $32.81B was reported in 2015. The lowest in the available history was $2.01B in 1989.
Within Communication Services, Verizon (VZ) ranks 3rd among 8 peers we track. The peer median for operating income is $19.71B.
Verizon Operating Income by Year
Verizon Operating Income 2025: $29.26B
Verizon operating income in 2025 was $29.26B, edged down 4.4% below 2024.
Verizon Operating Income 2024: $30.60B
Verizon operating income in 2024 was $30.60B, grew 6.1% from 2023.
Verizon Operating Income 2023: $28.83B
Verizon operating income in 2023 was $28.83B, declined 5.4% below 2022.
Verizon Operating Income 2022: $30.47B
Verizon operating income in 2022 was $30.47B, edged down 4.7% below 2021.
Verizon Operating Income 2021: $31.96B
Verizon operating income in 2021 was $31.96B.
See more financial history for Verizon (VZ).
Sector peers — Operating Income
Companies in the same sector as Verizon, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $129.17B | Communication Services |
| Meta Platforms, Inc. (META) | $83.28B | Communication Services |
| AT&T Inc. (T) | $24.16B | Communication Services |
| Comcast Corporation (CMCSA) | $20.67B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.74B | Communication Services |
| The Walt Disney Company (DIS) | $13.83B | Communication Services |
| Netflix, Inc. (NFLX) | $13.33B | Communication Services |
| Spotify Technology S.A. (SPOT) | $2.20B | Communication Services |
Frequently asked questions
What is Verizon's operating income?
- Latest reported operating income for Verizon (VZ) is $29.26B (period ending December 31, 2025).
How has Verizon operating income changed year-over-year?
- Verizon (VZ) operating income changed -4.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Verizon operating income?
- Verizon (VZ) operating income compound annual growth rate is -0.4% over the most recent 5 years available.
When did Verizon operating income hit its highest annual value?
- Verizon operating income reached its highest annual value of $32.81B in 2015.
What was Verizon operating income in 2024?
- Verizon (VZ) operating income in 2024 was $30.60B.
What was Verizon operating income in 2025?
- Verizon (VZ) operating income in 2025 was $29.26B.
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