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

Verizon Communications (VZ) has 18 years of Cost of Revenue data on file, last reported at $6.5 billion in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $6.5 billion, up 6.53% year-over-year; the trailing twelve-month figure through Mar 2026 was $17.8 billion (down 25.07% YoY), and the FY2025 annual result was $23.9 billion, down 8.31% from the prior year.
• Cost of Revenue rose to $6.5 billion in Q1 2026 per VZ's latest filing, 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.
• A 5-year average of $4.6 billion and a median of $6.1 billion in 2025 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue tumbled 630.15% in 2022, then jumped 135.04% in 2023.
• A 5-year view of Cost of Revenue shows it stood at -$16.1 billion in 2022, then jumped by 135.04% to $5.6 billion in 2023, then surged by 114.05% to $12.1 billion in 2024, then slumped by 73.16% to $3.2 billion in 2025, then soared by 100.83% to $6.5 billion in 2026.
• Business Quant data shows VZ's Cost of Revenue at $6.5 billion in Q1 2026, $3.2 billion in Q4 2025, and $1.2 billion in Q3 2025.