Verizon Income Statement Research

VZ Stock

USD 40.11 0.39 0.98%

Most accounts from Verizon Communications' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Verizon Communications current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Verizon Communications Valuation and Verizon Communications Correlation analysis.

For more information on how to buy Verizon Stock please use our How to Invest in Verizon Communications guide.

At this time, Verizon Communications' Interest Expense is fairly stable compared to the past year. Cost Of Revenue is likely to rise to about 76.1 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 11.7 B in 2024.

For more information on how to buy Verizon Stock please use our How to Invest in Verizon Communications guide.At this time, Verizon Communications' Interest Expense is fairly stable compared to the past year. Cost Of Revenue is likely to rise to about 76.1 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 11.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	77.3B	60.6B	61.5B	45.5B
Total Revenue	133.6B	136.8B	134.0B	78.9B

Gross Profit Total Revenue

Verizon Communications income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Selling And Marketing Expenses	Reconciled Depreciation	Non Recurring
Depreciation And Amortization		0.49	0.95	0.9	0.97	0.67	0.69	0.84	0.67	0.81	0.61	-0.03	0.43	0.12	0.82	0.19	-0.08	-0.05	-0.18	-0.15	0.1	0.18	-0.14	-0.07
Interest Expense	0.49		0.5	0.34	0.47	0.44	0.45	0.5	0.91	0.17	0.3	-0.72	0.37	0.16	0.4	-0.46	0.19	0.3	-0.32	-0.6	-0.33	0.61	0.56	-0.53
Total Revenue	0.95	0.5		0.94	0.98	0.81	0.82	0.93	0.66	0.77	0.74	-0.07	0.58	0.24	0.72	0.02	-0.01	-0.15	-0.2	-0.21	0.18	0.27	-0.28	-0.2
Gross Profit	0.9	0.34	0.94		0.92	0.74	0.75	0.85	0.48	0.9	0.7	0.08	0.52	0.18	0.75	0.17	-0.09	-0.3	-0.18	-0.12	0.1	0.03	-0.33	-0.01
Other Operating Expenses	0.97	0.47	0.98	0.92		0.67	0.69	0.83	0.64	0.84	0.6	-0.03	0.46	0.16	0.83	0.1	-0.16	-0.15	-0.16	-0.16	0.15	0.21	-0.25	-0.13
Operating Income	0.67	0.44	0.81	0.74	0.67		0.98	0.95	0.55	0.38	0.95	-0.17	0.79	0.42	0.24	-0.18	0.42	-0.16	-0.25	-0.24	0.26	0.35	-0.32	-0.36
Ebit	0.69	0.45	0.82	0.75	0.69	0.98		0.97	0.56	0.39	0.95	-0.16	0.77	0.45	0.26	-0.19	0.36	-0.04	-0.23	-0.26	0.22	0.4	-0.28	-0.34
Ebitda	0.84	0.5	0.93	0.85	0.83	0.95	0.97		0.64	0.56	0.9	-0.13	0.71	0.38	0.46	-0.08	0.24	-0.04	-0.23	-0.24	0.2	0.36	-0.26	-0.27
Cost Of Revenue	0.67	0.91	0.66	0.48	0.64	0.55	0.56	0.64		0.3	0.48	-0.6	0.41	0.23	0.49	-0.27	0.16	0.28	-0.23	-0.46	-0.04	0.66	0.4	-0.6
Total Operating Expenses	0.81	0.17	0.77	0.9	0.84	0.38	0.39	0.56	0.3		0.35	0.22	0.2	-0.02	0.88	0.36	-0.39	-0.35	-0.08	0.01	-0.01	-0.21	-0.27	0.21
Income Before Tax	0.61	0.3	0.74	0.7	0.6	0.95	0.95	0.9	0.48	0.35		0.01	0.76	0.48	0.16	-0.1	0.4	-0.08	-0.16	-0.07	0.42	0.28	-0.35	-0.3
Total Other Income Expense Net	-0.03	-0.72	-0.07	0.08	-0.03	-0.17	-0.16	-0.13	-0.6	0.22	0.01		-0.12	-0.05	0.04	0.44	-0.3	-0.18	0.28	0.65	0.45	-0.77	-0.52	0.76
Net Income	0.43	0.37	0.58	0.52	0.46	0.79	0.77	0.71	0.41	0.2	0.76	-0.12		-0.04	-0.01	-0.49	0.67	-0.22	-0.7	-0.41	0.2	0.31	-0.29	-0.32
Income Tax Expense	0.12	0.16	0.24	0.18	0.16	0.42	0.45	0.38	0.23	-0.02	0.48	-0.05	-0.04		0.01	-0.14	-0.26	0.34	0.66	0.2	0.38	0.3	-0.09	-0.29
Selling General Administrative	0.82	0.4	0.72	0.75	0.83	0.24	0.26	0.46	0.49	0.88	0.16	0.04	-0.01	0.01		0.34	-0.5	-0.08	0.05	-0.01	-0.1	-0.08	0.02	0.14
Minority Interest	0.19	-0.46	0.02	0.17	0.1	-0.18	-0.19	-0.08	-0.27	0.36	-0.1	0.44	-0.49	-0.14	0.34		-0.33	-0.19	0.37	0.51	0.0	-0.53	-0.12	0.49
Net Income From Continuing Ops	-0.08	0.19	-0.01	-0.09	-0.16	0.42	0.36	0.24	0.16	-0.39	0.4	-0.3	0.67	-0.26	-0.5	-0.33		-0.02	-0.66	-0.34	-0.01	0.29	0.03	-0.33
Non Operating Income Net Other	-0.05	0.3	-0.15	-0.3	-0.15	-0.16	-0.04	-0.04	0.28	-0.35	-0.08	-0.18	-0.22	0.34	-0.08	-0.19	-0.02		0.32	0.09	0.04	0.45	0.5	-0.17
Tax Provision	-0.18	-0.32	-0.2	-0.18	-0.16	-0.25	-0.23	-0.23	-0.23	-0.08	-0.16	0.28	-0.7	0.66	0.05	0.37	-0.66	0.32		0.66	0.33	-0.15	-0.08	0.12
Interest Income	-0.15	-0.6	-0.21	-0.12	-0.16	-0.24	-0.26	-0.24	-0.46	0.01	-0.07	0.65	-0.41	0.2	-0.01	0.51	-0.34	0.09	0.66		0.52	-0.44	-0.38	0.29
Net Interest Income	0.1	-0.33	0.18	0.1	0.15	0.26	0.22	0.2	-0.04	-0.01	0.42	0.45	0.2	0.38	-0.1	0.0	-0.01	0.04	0.33	0.52		0.07	-0.63	-0.19
Selling And Marketing Expenses	0.18	0.61	0.27	0.03	0.21	0.35	0.4	0.36	0.66	-0.21	0.28	-0.77	0.31	0.3	-0.08	-0.53	0.29	0.45	-0.15	-0.44	0.07		0.21	-0.89
Reconciled Depreciation	-0.14	0.56	-0.28	-0.33	-0.25	-0.32	-0.28	-0.26	0.4	-0.27	-0.35	-0.52	-0.29	-0.09	0.02	-0.12	0.03	0.5	-0.08	-0.38	-0.63	0.21		-0.1
Non Recurring	-0.07	-0.53	-0.2	-0.01	-0.13	-0.36	-0.34	-0.27	-0.6	0.21	-0.3	0.76	-0.32	-0.29	0.14	0.49	-0.33	-0.17	0.12	0.29	-0.19	-0.89	-0.1

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Verizon Communications Account Relationship Matchups

Verizon Communications income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	4.7B	4.2B	3.5B	5.6B	7.3B	7.7B
Total Revenue	131.9B	128.3B	133.6B	136.8B	134.0B	78.9B
Gross Profit	77.1B	77.1B	77.3B	60.6B	61.5B	45.5B
Operating Income	30.4B	28.8B	32.0B	30.5B	28.8B	15.2B
Ebit	30.4B	28.8B	32.0B	30.5B	28.8B	15.0B
Ebitda	44.3B	44.9B	48.2B	47.6B	46.5B	26.7B
Cost Of Revenue	54.7B	51.2B	56.3B	76.2B	72.5B	76.1B
Income Before Tax	22.7B	24.0B	29.4B	28.3B	17.0B	12.3B
Net Income	19.3B	17.8B	22.1B	21.3B	11.6B	7.8B
Income Tax Expense	2.9B	5.6B	6.8B	6.5B	4.9B	2.6B
Minority Interest	523M	547M	(553M)	(492M)	(470M)	(446.5M)
Tax Provision	2.9B	5.6B	6.8B	6.5B	6.2B	4.8B
Interest Income	121M	4.3B	3.3B	3.6B	348M	330.6M
Net Interest Income	(4.6B)	(4.2B)	(3.5B)	(3.6B)	(4.7B)	(4.9B)

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When determining whether Verizon Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Verizon Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Verizon Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Verizon Communications Stock:

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Is Verizon Stock a good investment?

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Check out Verizon Communications Valuation and Verizon Communications Correlation analysis.

For more information on how to buy Verizon Stock please use our How to Invest in Verizon Communications guide.

Note that the Verizon Communications information on this page should be used as a complementary analysis to other Verizon Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Verizon Communications' price analysis, check to measure Verizon Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Verizon Communications is operating at the current time. Most of Verizon Communications' value examination focuses on studying past and present price action to predict the probability of Verizon Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Verizon Communications' price. Additionally, you may evaluate how the addition of Verizon Communications to your portfolios can decrease your overall portfolio volatility.

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Is Verizon Communications' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Verizon Communications. If investors know Verizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Verizon Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.03)

Dividend Share

2.635

Earnings Share

2.75

Revenue Per Share

31.815

Quarterly Revenue Growth

(0)

The market value of Verizon Communications is measured differently than its book value, which is the value of Verizon that is recorded on the company's balance sheet. Investors also form their own opinion of Verizon Communications' value that differs from its market value or its book value, called intrinsic value, which is Verizon Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Verizon Communications' market value can be influenced by many factors that don't directly affect Verizon Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Verizon Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Verizon Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Verizon Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Verizon Income Statement Research

Verizon Communications income statement Correlations

Verizon Communications Account Relationship Matchups

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Verizon Communications income statement Accounts

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Other Operating Expenses	+ 0.98	Total Revenue
Ebit	+ 0.98	Operating Income
Other Operating Expenses	+ 0.97	Depreciation And Amortization
Ebitda	+ 0.97	Ebit
Total Revenue	+ 0.95	Depreciation And Amortization
Ebitda	+ 0.95	Operating Income

Non Recurring	- 0.89	Selling And Marketing Expenses
Selling And Marketing Expenses	- 0.77	Total Other Income Expense Net
Total Other Income Expense Net	- 0.72	Interest Expense
Tax Provision	- 0.7	Net Income
Tax Provision	- 0.66	Net Income From Continuing Ops
Reconciled Depreciation	- 0.63	Net Interest Income