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.

• Operating Expenses for Q1 2026 came in at $26.2 billion, up 2.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $109.6 billion (up 3.27% YoY), and the FY2025 annual result was $108.9 billion, up 2.67% from the prior year.
• Operating Expenses eased to $26.2 billion in Q1 2026 per VZ's latest filing, from $31.4 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 2026 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses climbed 23.21% in 2023, then fell 18.16% in 2024.
• 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.
• Business Quant data shows VZ's Operating Expenses at $26.2 billion in Q1 2026, $31.4 billion in Q4 2025, and $25.7 billion in Q3 2025.