v3.26.3
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating Revenues        
Operating Revenues $ 34,313 $ 33,821 $ 103,006 $ 101,810
Operating Expenses        
Selling, general and administrative expense 7,480 7,752 24,095 23,438
Depreciation and amortization expense 5,095 4,618 14,995 13,830
Total Operating Expenses 25,663 25,716 78,935 77,555
Operating Income 8,650 8,105 24,071 24,255
Equity in earnings (losses) of unconsolidated businesses (3) (6) 46 (3)
Other income, net 120 92 633 292
Interest expense (1,950) (1,664) (5,875) (4,935)
Income Before Provision For Income Taxes 6,817 6,527 18,875 19,609
Provision for income taxes (1,497) (1,471) (4,460) (4,449)
Net Income 5,320 5,056 14,415 15,160
Net income attributable to noncontrolling interests 122 106 337 328
Net income attributable to Verizon 5,198 4,950 14,078 14,832
Net Income $ 5,320 $ 5,056 $ 14,415 $ 15,160
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.25 $ 1.17 $ 3.37 $ 3.51
Weighted-average shares outstanding (in shares) 4,157 4,228 4,176 4,225
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.25 $ 1.17 $ 3.37 $ 3.51
Weighted-average shares outstanding (in shares) 4,161 4,233 4,180 4,229
Service revenues and other        
Operating Revenues        
Operating Revenues $ 29,197 $ 28,202 $ 87,185 $ 84,538
Wireless equipment        
Operating Revenues        
Operating Revenues 5,116 5,619 15,821 17,272
Operating Expenses        
Cost of services and equipment 5,823 6,483 18,188 19,596
Service        
Operating Expenses        
Cost of services and equipment $ 7,265 $ 6,863 $ 21,657 $ 20,691