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Verizon (VZ)
NYSE:VZ
US Market
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Verizon (VZ) Operating Expense Breakdown

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Operating Expense Breakdown

Details core costs like network maintenance, marketing, and administrative expenses, offering insight into how efficiently Verizon manages its operations and where it’s focusing its spending.
Verizon is shifting cost mix toward capital intensity: depreciation & amortization has trended upward as the company invests in spectrum, fiber and AI infrastructure, while SG&A remains seasonal with occasional spikes likely from transaction/timing items. Management is explicitly offsetting OpEx pressure with a large $9B+ savings program and higher buybacks, so expect margin/EBITDA upside from efficiency even as elevated capex creates near-term cash timing risk.
Date
Selling, General, and Administrative
Depreciation and Amortization
Media Goodwill Impairments
Jun 30, 2026
$8.98B$5.01B$0.00
Mar 31, 2026
$7.63B$4.89B$0.00
Dec 31, 2025
$10.38B$4.52B$0.00
Sep 30, 2025
$7.75B$4.62B$0.00
Jun 30, 2025
$7.81B$4.63B$0.00
Mar 31, 2025
$7.87B$4.58B$0.00
Dec 31, 2024
$8.24B$4.51B$0.00
Sep 30, 2024
$9.71B$4.46B$0.00
Jun 30, 2024
$8.02B$4.48B$0.00
Mar 31, 2024
$8.14B$4.45B$0.00