Verizon Communications Total Operating Expenses increased by 22.0% to $31.38B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.0%, from $28.26B to $31.38B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows relatively stable performance with a 1.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $25.60B | $24.01B | $26.46B | $25.76B | $26.24B | $26.35B | $28.03B | $25.33B | $25.38B | $25.86B | $34.53B | $25.46B | $24.98B | $27.40B | $28.26B | $25.51B | $26.33B | $25.72B | $31.38B |
| QoQ Change | — | -6.2% | +10.2% | -2.6% | +1.9% | +0.4% | +6.4% | -9.6% | +0.2% | +1.9% | +33.5% | -26.3% | -1.9% | +9.7% | +3.1% | -9.7% | +3.2% | -2.3% | +22.0% |
| YoY Change | — | — | — | — | +2.5% | +9.7% | +5.9% | -1.7% | -3.3% | -1.8% | +23.2% | +0.5% | -1.6% | +6.0% | -18.2% | +0.2% | +5.4% | -6.2% | +11.0% |
We use cookies for analytics. See our Privacy and Cookie Policy.