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Verizon Communications VZ Business — Operating Income

Other segment segments

Consumer
$7.71B+3.9%

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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:OperatingIncomeLoss.

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 — operating income?
Verizon Communications (VZ) reported business — operating income of $884M in Q1 2026.
How has Verizon Communications's business — operating income changed year-over-year?
Verizon Communications's business — operating income increased by 33.1% year-over-year, from $664M to $884M.
What is the long-term trend for Verizon Communications's business — operating income?
Over 4 years (2021 to 2025), Verizon Communications's business — operating income has grown at a -7.4% compound annual growth rate (CAGR), from $3.44B to $2.53B.
What does business — operating income mean?
This metric represents the profit generated by the business segment after deducting all operating costs and expenses from segment revenues. It is a key indicator of the segment's ability to convert enterprise service offerings into bottom-line earnings. It reflects the underlying health and competitive positioning of the business unit independent of corporate-level financial activities.