Tax
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
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
income_tax_expenseHistorical Data
20 periods
| 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% |
Range$615.00M – $2.11B
CAGR-2.8%
Avg YoY Growth+1.4%
Median YoY Growth-4.9%
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 amount of money a company sets aside to pay its corporate income taxes.