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Verizon Communications (VZ) Operating Expenses (2016 - 2025)

Verizon Communications (VZ) has disclosed Operating Expenses for 17 consecutive years, with $31.4 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 11.03% to $31.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $108.9 billion through Dec 2025, up 2.67% year-over-year, with the annual reading at $108.9 billion for FY2025, 2.67% up from the prior year.
  • Operating Expenses for Q4 2025 was $31.4 billion at Verizon Communications, up from $25.7 billion in the prior quarter.
  • The five-year high for Operating Expenses was $34.5 billion in Q4 2023, with the low at $24.0 billion in Q3 2021.
  • Average Operating Expenses over 5 years is $26.7 billion, with a median of $25.8 billion recorded in 2022.
  • The sharpest move saw Operating Expenses grew 23.21% in 2023, then dropped 18.16% in 2024.
  • Over 5 years, Operating Expenses stood at $26.5 billion in 2021, then grew by 5.92% to $28.0 billion in 2022, then increased by 23.21% to $34.5 billion in 2023, then fell by 18.16% to $28.3 billion in 2024, then grew by 11.03% to $31.4 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $31.4 billion, $25.7 billion, and $26.3 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.