Verizon Communications (VZ) Operating Expenses (2009 - 2026)
Verizon Communications (VZ) posted quarterly Operating Expenses of $27.1 billion for Q2 2026, up 2.82% year-over-year from $26.3 billion in Q2 2025, and up 3.34% on a QoQ basis from $26.2 billion in Q1 2026.
Verizon Communications (VZ) Operating Expenses (2009 - 2026) Analysis & Trends
Verizon Communications has reported Operating Expenses for 18 years, with the latest figure at $27.1 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $27.1 billion, up 2.82% year-over-year; the trailing twelve-month figure through Jun 2026 was $110.4 billion (up 2.66% YoY), and the FY2025 annual result was $108.9 billion, up 2.67% from the prior year.
- Operating Expenses improved to $27.1 billion in Q2 2026, from $26.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $34.5 billion in Q4 2023 and troughed at $25.0 billion in Q2 2024.
- A 5-year average of $27.0 billion and a median of $26.2 billion in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2023, when Operating Expenses gained 23.21%; it then dropped 18.16% in 2024.
- A 5-year view of Operating Expenses shows it stood at $28.0 billion in 2022, then gained by 23.21% to $34.5 billion in 2023, then decreased by 18.16% to $28.3 billion in 2024, then climbed by 11.03% to $31.4 billion in 2025, then dropped by 13.71% to $27.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $27.1 billion in Q2 2026, $26.2 billion in Q1 2026, and $31.4 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 27.07 Bn |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 17.30 Bn |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | -11.74 Mn |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 24.52 Bn |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 309.31 Mn |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 3.06 Bn |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | 2.51 Bn |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 152.54 Mn |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | -191.29 Mn |
| 10 | Charter Communications | 17.77 Bn | 17.26 Bn | - | 10.46 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.07 Bn |
| Mar 31, 2026 | 26.20 Bn |
| Dec 31, 2025 | 31.38 Bn |
| Sep 30, 2025 | 25.72 Bn |
| Jun 30, 2025 | 26.33 Bn |
| Mar 31, 2025 | 25.51 Bn |
| Dec 31, 2024 | 28.26 Bn |
| Sep 30, 2024 | 27.40 Bn |
| Jun 30, 2024 | 24.98 Bn |
| Mar 31, 2024 | 25.46 Bn |
| Dec 31, 2023 | 34.53 Bn |
| Sep 30, 2023 | 25.86 Bn |
| Jun 30, 2023 | 25.38 Bn |
| Mar 31, 2023 | 25.33 Bn |
| Dec 31, 2022 | 28.03 Bn |
| Sep 30, 2022 | 26.35 Bn |
| Jun 30, 2022 | 26.24 Bn |
| Mar 31, 2022 | 25.76 Bn |
| Dec 31, 2021 | 26.46 Bn |
| Sep 30, 2021 | 24.01 Bn |