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

Verizon Communications (VZ) has reported Cost of Revenue for 18 consecutive years, with $7.2 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 3.11% year-over-year to $7.2 billion in Q2 2026; TTM through Jun 2026 was $29.5 billion, a 5.19% increase from a year earlier, with the FY2025 full-year figure at $29.0 billion, up 3.5% from the prior year.
• Cost of Revenue was $7.2 billion for Q2 2026 at Verizon Communications, up 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.
• Across the five-year window, Cost of Revenue advanced 21.92% in 2022 and fell 18.95% in 2023, its largest moves.
• Over 5 years, Cost of Revenue stood at $8.6 billion in 2022, then decreased by 18.95% to $7.0 billion in 2023, then fell by 0.27% to $6.9 billion in 2024, then gained by 19.5% to $8.3 billion in 2025, then decreased by 12.79% to $7.2 billion in 2026.
• The last three Cost of Revenue figures came in at $7.2 billion (Q2 2026), $7.2 billion (Q1 2026), and $8.3 billion (Q4 2025), per Business Quant data.