Verizon Communications (VZ) Cost of Revenue (2009 - 2026)

Verizon Communications has disclosed Cost of Revenue across 18 years of filings, most recently posting $6.5 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 6.53% year-over-year to $6.5 billion; the TTM figure through Mar 2026 stood at $17.8 billion (down 25.07% YoY), while the FY2025 annual figure was $23.9 billion, down 8.31% from the prior year.
• Cost of Revenue advanced to $6.5 billion in Q1 2026, from $3.2 billion in the prior quarter.
• Over the last five years, Cost of Revenue for VZ reached as high as $12.1 billion in Q4 2024 and fell as low as -$16.1 billion in Q4 2022.
• The 5-year median for Cost of Revenue is $6.1 billion (2025), against an average of $4.6 billion.
• Annual changes were most pronounced in 2022 — Cost of Revenue sank 630.15% — and 2023, when it jumped 135.04%.
• A 5-year view of Cost of Revenue shows it stood at -$16.1 billion in 2022, then jumped by 135.04% to $5.6 billion in 2023, then surged by 114.05% to $12.1 billion in 2024, then plunged by 73.16% to $3.2 billion in 2025, then soared by 100.83% to $6.5 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $6.5 billion, $3.2 billion, and $1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.