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Verizon Communications VZ Business — Cost of services and equipment

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Consumer
$5.3B+8.0%

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Other financials

Income statement

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Revenue$34.3B-0.7%
Operating income$7.2B-12.2%
Net income$3.8B-23.3%
EPS (diluted)$0.92-22.0%

Balance sheet

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Cash & equivalents$1.8B-55.4%
Total debt$45.0B-73.5%
Total equity$105.20B+0.8%
Total assets$410.19B+7.0%

Cash flow

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Operating cash flow$10.4B+16.3%

Valuation

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Market cap$193.66B+8.4%
Enterprise value$236.92B-31.2%
P/E12×+2.2×
P/S1.4×+0.1×

Profitability

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Gross margin82.3%
Operating margin20.5%-1.0pp
Net margin11.6%-1.6pp
FCF margin13.6%

Returns & leverage

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Return on equity15.4%-2.6pp
Debt / equity0.4×-1.2×
Current ratio0.6×0.0×

Where this comes from

Reported directly by Verizon Communications in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Verizon Communications’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Verizon Communications's business — cost of services and equipment?
Verizon Communications (VZ) reported business — cost of services and equipment of $1.2B in Q1 2026.
How has Verizon Communications's business — cost of services and equipment changed year-over-year?
Verizon Communications's business — cost of services and equipment increased by 0.7% year-over-year, from $1.19B to $1.2B.
What does business — cost of services and equipment mean?
This metric represents the total operating expenses directly attributable to the Business segment, encompassing centrally managed network costs, shared service allocations, and other segment-specific operational expenditures. It reflects the cost structure required to deliver telecommunications, data, and connectivity solutions to enterprise and government clients. By isolating these costs, the metric provides visibility into the operational efficiency and cost-to-serve profile of the business-to-business division.