v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues        
Operating Revenues $ 34,253 $ 34,504 $ 68,693 $ 67,989
Operating Expenses        
Selling, general and administrative expense 8,982 7,812 16,615 15,686
Depreciation and amortization expense 5,008 4,635 9,900 9,212
Total Operating Expenses 27,074 26,332 53,272 51,839
Operating Income 7,179 8,172 15,421 16,150
Equity in earnings (losses) of unconsolidated businesses 44 (3) 49 3
Other income, net 36 79 513 200
Interest expense (1,985) (1,639) (3,925) (3,271)
Income Before Provision For Income Taxes 5,274 6,609 12,058 13,082
Provision for income taxes (1,325) (1,488) (2,963) (2,978)
Net Income 3,949 5,121 9,095 10,104
Net income attributable to noncontrolling interests 114 118 215 222
Net income attributable to Verizon 3,835 5,003 8,880 9,882
Net Income $ 3,949 $ 5,121 $ 9,095 $ 10,104
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 0.92 $ 1.18 $ 2.12 $ 2.34
Weighted-average shares outstanding (in shares) 4,168 4,224 4,186 4,223
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 0.92 $ 1.18 $ 2.12 $ 2.34
Weighted-average shares outstanding (in shares) 4,171 4,228 4,190 4,227
Service revenues and other        
Operating Revenues        
Operating Revenues $ 29,229 $ 28,249 $ 57,988 $ 56,336
Wireless equipment        
Operating Revenues        
Operating Revenues 5,024 6,255 10,705 11,653
Operating Expenses        
Cost of services and equipment 5,859 7,007 12,365 13,113
Service        
Operating Expenses        
Cost of services and equipment $ 7,225 $ 6,878 $ 14,392 $ 13,828