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VERIZON COMMUNICATIONS INC Interest Expense 2007-2024 | VZ

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What is interest expense?

Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.

What is VERIZON COMMUNICATIONS INC's current interest expense?

VERIZON COMMUNICATIONS INC (VZ) annual interest expense for 2023 was $5.52B, a 52.89% increase from 2022. VERIZON COMMUNICATIONS INC interest expense for the quarter ending June 30, 2024 was $1.70B.

What was VERIZON COMMUNICATIONS INC's interest expense in 2022?

VERIZON COMMUNICATIONS INC annual interest expense for 2022 was $3.61B, a 3.67% increase from 2021.

What was VERIZON COMMUNICATIONS INC's interest expense in 2021?

VERIZON COMMUNICATIONS INC annual interest expense for 2021 was $3.48B, a 17.94% decline from 2020.

What is VERIZON COMMUNICATIONS INC's 5-year interest expense CAGR?

VERIZON COMMUNICATIONS INC interest expense grew at a compound annual growth rate (CAGR) of 2.71% from FY2018 to FY2023, going from $4.83B to $5.52B over 5 years.

Interest Expense History

Year-over-year comparison from 10-K annual reports

Key Statistics
Trend Direction
Growing
CAGR+2.7%
FY2018
$4.83B
→
FY2023
$5.52B
0708091011121314151617181920212223
5 years selected
Interest Expense History
PeriodValueChangeSource
FY2023$5.52B+52.9%10-K
FY2022$3.61B+3.7%10-K
FY2021$3.48B-17.9%10-K
FY2020$4.25B-10.2%10-K
FY2019$4.73B-2.1%10-K
FY2018$4.83B+2.1%10-K
FY2017$4.73B+8.2%10-K
FY2016$4.38B-11.1%10-K
FY2015$4.92B+0.1%10-K
FY2014$4.92B+84.3%10-K
FY2013$2.67B+3.7%10-K
FY2012$2.57B-9.1%10-K
FY2011$2.83B+12.0%10-K
FY2010$2.52B-18.7%10-K
FY2009$3.10B+70.5%10-K
FY2008$1.82B-0.5%10-K
FY2007$1.83B-10-K
Company: VERIZON COMMUNICATIONS INCTicker: VZSector: TechnologyIndustry: Telephone Communications (No Radiotelephone)View company profile →