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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenues        
Operating Revenues $ 33,821 $ 33,330 $ 101,810 $ 99,107
Operating Expenses        
Selling, general and administrative expense 7,752 9,706 23,438 25,873
Depreciation and amortization expense 4,618 4,458 13,830 13,386
Total Operating Expenses 25,716 27,404 77,555 77,842
Operating Income 8,105 5,926 24,255 21,265
Equity in losses of unconsolidated businesses (6) (24) (3) (47)
Other income, net 92 72 292 198
Interest expense (1,664) (1,672) (4,935) (5,005)
Income Before Provision For Income Taxes 6,527 4,302 19,609 16,411
Provision for income taxes (1,471) (891) (4,449) (3,576)
Net Income 5,056 3,411 15,160 12,835
Net income attributable to noncontrolling interests 106 105 328 334
Net income attributable to Verizon 4,950 3,306 14,832 12,501
Net Income $ 5,056 $ 3,411 $ 15,160 $ 12,835
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.17 $ 0.78 $ 3.51 $ 2.96
Weighted-average shares outstanding (in shares) 4,228 4,220 4,225 4,217
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 1.17 $ 0.78 $ 3.51 $ 2.96
Weighted-average shares outstanding (in shares) 4,233 4,225 4,229 4,221
Service revenues and other        
Operating Revenues        
Operating Revenues $ 28,202 $ 27,987 $ 84,538 $ 83,405
Wireless equipment        
Operating Revenues        
Operating Revenues 5,619 5,343 17,272 15,702
Operating Expenses        
Cost of services and equipment 6,483 6,047 19,596 17,519
Service        
Operating Expenses        
Cost of services and equipment $ 6,863 $ 7,193 $ 20,691 $ 21,064