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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Operating Revenues $ 34,504 $ 32,796 $ 67,989 $ 65,777
Operating Expenses        
Selling, general and administrative expense 7,812 8,024 15,686 16,167
Depreciation and amortization expense 4,635 4,483 9,212 8,928
Total Operating Expenses 26,332 24,978 51,839 50,438
Operating Income 8,172 7,818 16,150 15,339
Equity in earnings (losses) of unconsolidated businesses (3) (14) 3 (23)
Other income (expense), net 79 (72) 200 126
Interest expense (1,639) (1,698) (3,271) (3,333)
Income Before Provision For Income Taxes 6,609 6,034 13,082 12,109
Provision for income taxes (1,488) (1,332) (2,978) (2,685)
Net Income 5,121 4,702 10,104 9,424
Net income attributable to noncontrolling interests 118 109 222 229
Net income attributable to Verizon 5,003 4,593 9,882 9,195
Net Income $ 5,121 $ 4,702 $ 10,104 $ 9,424
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.18 $ 1.09 $ 2.34 $ 2.18
Weighted-average shares outstanding (in shares) 4,224 4,215 4,223 4,215
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.18 $ 1.09 $ 2.34 $ 2.18
Weighted-average shares outstanding (in shares) 4,228 4,221 4,227 4,220
Service revenues and other        
Operating Revenues        
Operating Revenues $ 28,249 $ 27,798 $ 56,336 $ 55,418
Wireless equipment        
Operating Revenues        
Operating Revenues 6,255 4,998 11,653 10,359
Operating Expenses        
Cost of services and equipment 7,007 5,567 13,113 11,472
Service        
Operating Expenses        
Cost of services and equipment $ 6,878 $ 6,904 $ 13,828 $ 13,871