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

Verizon Communications has reported Cost of Revenue for 18 years, with the latest figure at $7.2 billion in Q2 2026.

• Cost of Revenue for Q2 2026 came in at $7.2 billion, up 3.11% year-over-year; the trailing twelve-month figure through Jun 2026 was $29.5 billion (up 5.19% YoY), and the FY2025 annual result was $29.0 billion, up 3.5% from the prior year.
• Cost of Revenue improved to $7.2 billion in Q2 2026, from $7.2 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $8.6 billion in Q4 2022 and troughed at $6.9 billion in Q3 2025.
• A 5-year average of $7.2 billion and a median of $7.1 billion in 2023 frame the typical range for Cost of Revenue.
• The widest annual swing landed in 2022, when Cost of Revenue gained 21.92%; it then declined 18.95% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $8.6 billion in 2022, then dropped by 18.95% to $7.0 billion in 2023, then decreased by 0.27% to $6.9 billion in 2024, then climbed by 19.5% to $8.3 billion in 2025, then dropped by 12.79% to $7.2 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $7.2 billion in Q2 2026, $7.2 billion in Q1 2026, and $8.3 billion in Q4 2025.