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Ratios

Verizon Communications (VZ) Cost of Revenue (2016 - 2026)

Verizon Communications has reported Cost of Revenue over the past 18 years, most recently at $6.5 billion for Q1 2026.

  • Quarterly Cost of Revenue rose 6.53% to $6.5 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $17.8 billion through Mar 2026, down 25.07% year-over-year, with the annual reading at $23.9 billion for FY2025, 8.31% down from the prior year.
  • Cost of Revenue was $6.5 billion for Q1 2026 at Verizon Communications, up from $3.2 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $12.1 billion in Q4 2024 and troughed at -$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.
  • Year-over-year, Cost of Revenue crashed 630.15% in 2022 and then skyrocketed 135.04% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at -$16.1 billion in 2022, then skyrocketed by 135.04% to $5.6 billion in 2023, then surged by 114.05% to $12.1 billion in 2024, then plummeted by 73.16% to $3.2 billion in 2025, then soared by 100.83% to $6.5 billion in 2026.
  • Per Business Quant, the three most recent readings for VZ's Cost of Revenue are $6.5 billion (Q1 2026), $3.2 billion (Q4 2025), and $1.2 billion (Q3 2025).