Verizon Communications (VZ) Operating Expenses (2009 - 2026)

Verizon Communications has disclosed Operating Expenses across 18 years of filings, most recently posting $26.2 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 2.71% year-over-year to $26.2 billion; the TTM figure through Mar 2026 stood at $109.6 billion (up 3.27% YoY), while the FY2025 annual figure was $108.9 billion, up 2.67% from the prior year.
• Operating Expenses fell to $26.2 billion in Q1 2026, from $31.4 billion in the prior quarter.
• Over the last five years, Operating Expenses for VZ reached as high as $34.5 billion in Q4 2023 and fell as low as $25.0 billion in Q2 2024.
• The 5-year median for Operating Expenses is $26.2 billion (2026), against an average of $27.0 billion.
• Annual changes were most pronounced in 2023 — Operating Expenses climbed 23.21% — and 2024, when it fell 18.16%.
• A 5-year view of Operating Expenses shows it stood at $28.0 billion in 2022, then rose by 23.21% to $34.5 billion in 2023, then retreated by 18.16% to $28.3 billion in 2024, then advanced by 11.03% to $31.4 billion in 2025, then decreased by 16.51% to $26.2 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $26.2 billion, $31.4 billion, and $25.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.