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

Verizon Communications (VZ) has 18 years of Operating Expenses data on file, last reported at $26.2 billion in Q1 2026.

• On a quarterly basis, Operating Expenses rose 2.71% year-over-year to $26.2 billion in Q1 2026; TTM through Mar 2026 was $109.6 billion, a 3.27% increase from a year earlier, with the FY2025 full-year figure at $108.9 billion, up 2.67% from the prior year.
• Operating Expenses for Q1 2026 stood at $26.2 billion, down 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.
• Historically, Operating Expenses has averaged $27.0 billion across 5 years, with a median of $26.2 billion in 2026.
• Across the five-year window, Operating Expenses gained 23.21% in 2023 and dropped 18.16% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $28.0 billion in 2022, then climbed by 23.21% to $34.5 billion in 2023, then dropped by 18.16% to $28.3 billion in 2024, then increased by 11.03% to $31.4 billion in 2025, then declined by 16.51% to $26.2 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $26.2 billion in Q1 2026, $31.4 billion in Q4 2025, and $25.7 billion in Q3 2025.