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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues      
Operating Revenues $ 134,788 $ 133,974 $ 136,835
Operating Expenses      
Selling, general and administrative expense 34,113 32,745 30,136
Depreciation and amortization expense 17,892 17,624 17,099
Verizon Business Group goodwill impairment 0 5,841 0
Total Operating Expenses 106,102 111,097 106,368
Operating Income 28,686 22,877 30,467
Equity in earnings (losses) of unconsolidated businesses (53) (53) 44
Other income (expense), net 995 (313) 1,373
Interest expense (6,649) (5,524) (3,613)
Income Before Provision For Income Taxes 22,979 16,987 28,271
Provision for income taxes (5,030) (4,892) (6,523)
Net Income 17,949 12,095 21,748
Net income attributable to noncontrolling interests 443 481 492
Net income attributable to Verizon 17,506 11,614 21,256
Net Income $ 17,949 $ 12,095 $ 21,748
Basic Earnings Per Common Share      
Net income attributable to Verizon (in USD per share) $ 4.15 $ 2.76 $ 5.06
Weighted-average shares outstanding (in shares) 4,218 4,211 4,202
Diluted Earnings Per Common Share      
Net income attributable to Verizon (in USD per share) $ 4.14 $ 2.75 $ 5.06
Weighted-average shares outstanding (in shares) 4,223 4,215 4,204
Service revenues and other      
Operating Revenues      
Operating Revenues $ 111,571 $ 109,652 $ 109,625
Wireless equipment      
Operating Revenues      
Operating Revenues 23,217 24,322 27,210
Operating Expenses      
Cost of services and wireless equipment 26,100 26,787 30,496
Service      
Operating Expenses      
Cost of services and wireless equipment $ 27,997 $ 28,100 $ 28,637