VERIZON COMMUNICATIONS INC Income Tax Expense 2007-2026 | VZ
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is VERIZON COMMUNICATIONS INC's current income tax expense?
VERIZON COMMUNICATIONS INC (VZ) annual income tax expense for 2025 was $5.06B, a 0.68% increase from 2024. VERIZON COMMUNICATIONS INC income tax expense for the quarter ending March 31, 2026 was $1.64B.
What was VERIZON COMMUNICATIONS INC's income tax expense in 2024?
VERIZON COMMUNICATIONS INC annual income tax expense for 2024 was $5.03B, a 2.82% increase from 2023.
What was VERIZON COMMUNICATIONS INC's income tax expense in 2023?
VERIZON COMMUNICATIONS INC annual income tax expense for 2023 was $4.89B, a 25.00% decline from 2022.
What is VERIZON COMMUNICATIONS INC's 5-year income tax expense CAGR?
VERIZON COMMUNICATIONS INC income tax expense grew at a compound annual growth rate (CAGR) of 2.06% from FY2020 to FY2025, going from $5.62B to $5.06B over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR-2.1%
FY2020
$5.62B
→
FY2025
$5.06B
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $5.06B | +0.7% | 10-K |
| FY2024 | $5.03B | +2.8% | 10-K |
| FY2023 | $4.89B | -25.0% | 10-K |
| FY2022 | $6.52B | -4.1% | 10-K |
| FY2021 | $6.80B | +21.1% | 10-K |
| FY2020 | $5.62B | +90.8% | 10-K |
| FY2019 | $2.94B | -17.8% | 10-K |
| FY2018 | $3.58B | +136.0% | 10-K |
| FY2017 | $-9.96B | -234.9% | 10-K |
| FY2016 | $7.38B | -25.2% | 10-K |
| FY2015 | $9.87B | +197.7% | 10-K |
| FY2014 | $3.31B | -42.2% | 10-K |
| FY2013 | $5.73B | +968.2% | 10-K |
| FY2012 | $-660.0M | -331.6% | 10-K |
| FY2011 | $285.0M | -88.4% | 10-K |
| FY2010 | $2.47B | +28.6% | 10-K |
| FY2009 | $1.92B | +182.8% | 10-K |
| FY2008 | $-2.32B | -158.2% | 10-K |
| FY2007 | $3.98B | - | 10-K |
Company: VERIZON COMMUNICATIONS INCTicker: VZSector: TechnologyIndustry: Telephone Communications (No Radiotelephone)View company profile →