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

Verizon Communications (VZ) has reported Operating Expenses for 18 consecutive years, with $27.1 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 2.82% year-over-year to $27.1 billion in Q2 2026; TTM through Jun 2026 was $110.4 billion, a 2.66% increase from a year earlier, with the FY2025 full-year figure at $108.9 billion, up 2.67% from the prior year.
• Operating Expenses was $27.1 billion for Q2 2026 at Verizon Communications, up 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.
• Across the five-year window, Operating Expenses advanced 23.21% in 2023 and declined 18.16% in 2024, its largest moves.
• Over 5 years, Operating Expenses stood at $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 gained by 11.03% to $31.4 billion in 2025, then decreased by 13.71% to $27.1 billion in 2026.
• The last three Operating Expenses figures came in at $27.1 billion (Q2 2026), $26.2 billion (Q1 2026), and $31.4 billion (Q4 2025), per Business Quant data.