Income Tax
Verizon Communications Income Tax increased by 166.3% to $1.64B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $1.49B to $1.64B. Over 4 years (FY 2021 to FY 2025), Income Tax shows a downward trend with a -7.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.88B | $1.82B | $1.41B | $1.37B | $1.54B | $1.50B | $2.11B | $1.48B | $1.35B | $1.31B | $756.00M | $1.35B | $1.33B | $891.00M | $1.45B | $1.49B | $1.49B | $1.47B | $615.00M | $1.64B |
| QoQ Change | — | -2.9% | -22.7% | -2.5% | +12.4% | -3.0% | +41.2% | -29.9% | -9.2% | -2.8% | -42.2% | +79.0% | -1.6% | -33.1% | +63.2% | +2.5% | -0.1% | -1.1% | -58.2% | +166.3% |
| YoY Change | — | — | — | — | -17.8% | -17.8% | +50.2% | +8.0% | -12.7% | -12.6% | -64.2% | -8.7% | -1.0% | -31.9% | +92.3% | +10.1% | +11.7% | +65.1% | -57.7% | +9.9% |
Income Tax at Other Companies
Frequently Asked Questions
- What is Verizon Communications's income tax?
- Verizon Communications (VZ) reported income tax of $1.64B in Q1 2026.
- How has Verizon Communications's income tax changed year-over-year?
- Verizon Communications's income tax increased by 9.9% year-over-year, from $1.49B to $1.64B.
- What is the long-term trend for Verizon Communications's income tax?
- Over 4 years (2021 to 2025), Verizon Communications's income tax has grown at a -7.1% compound annual growth rate (CAGR), from $6.80B to $5.06B.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.