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Verizon Communications (VZ) Cost of Revenue (2016 - 2025)

Verizon Communications (VZ) has disclosed Cost of Revenue for 17 consecutive years, with $11.8 billion as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 15.5% to $11.8 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $15.4 billion through Dec 2025, down 42.36% year-over-year, with the annual reading at $27.8 billion for FY2025, 0.74% down from the prior year.
  • Cost of Revenue for Q4 2025 was $11.8 billion at Verizon Communications, up from $1.2 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $14.0 billion in Q4 2024, with the low at -$7.6 billion in Q4 2021.
  • Average Cost of Revenue over 5 years is $5.5 billion, with a median of $6.2 billion recorded in 2023.
  • The sharpest move saw Cost of Revenue crashed 381.63% in 2021, then surged 327.06% in 2024.
  • Over 5 years, Cost of Revenue stood at -$7.6 billion in 2021, then surged by 212.59% to $8.6 billion in 2022, then crashed by 61.87% to $3.3 billion in 2023, then soared by 327.06% to $14.0 billion in 2024, then dropped by 15.5% to $11.8 billion in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at $11.8 billion, $1.2 billion, and $1.2 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.