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

Verizon Communications (VZ) has 18 years of Cost of Revenue data on file, last reported at $5.3 billion in Q1 2026.

• On a quarterly basis, Cost of Revenue rose 7.96% year-over-year to $5.3 billion in Q1 2026; TTM through Mar 2026 was $44.0 billion, a 157.05% increase from a year earlier, with the FY2025 full-year figure at $29.0 billion, up 11.02% from the prior year.
• Cost of Revenue for Q1 2026 stood at $5.3 billion, down from $25.4 billion in the prior quarter.
• Over the last five years, Cost of Revenue for VZ reached as high as $25.4 billion in Q4 2025 and fell as low as -$16.2 billion in Q4 2023.
• Historically, Cost of Revenue has averaged $4.3 billion across 5 years, with a median of $6.4 billion in 2023.
• Across the five-year window, Cost of Revenue plunged 83.75% in 2024 and soared 505.99% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at -$16.1 billion in 2022, then retreated by 0.62% to -$16.2 billion in 2023, then jumped by 131.11% to $5.0 billion in 2024, then soared by 403.73% to $25.4 billion in 2025, then plunged by 79.1% to $5.3 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $5.3 billion in Q1 2026, $25.4 billion in Q4 2025, and $6.5 billion in Q3 2025.