Verizon Q2 FY24: where the revenue came from and where it went
The whole income statement of Verizon for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2024
- Reported
- Jul 25, 2024
Revenue$32.8B
+1% year over year
Gross profit$15.8B
48% margin
Operating profit$7.8B
24% margin
Net profit$4.6B
14% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 32.8 | 100% | +1% |
| Consumer | 24.9 | 76% | |
| Business | 7.3 | 22% | |
| Other | 0.6 | 2% | |
| Cost of revenue | −17.0 | 52% | |
| Gross profit | 15.8 | 48% margin | +1pp |
| SG&A | −8.0 | 24% | −1pp |
| Operating profit | 7.8 | 24% margin | +2pp |
| Interest & other costs | −1.9 | ||
| Tax | −1.3 | ||
| Net profit | 4.6 | 14% margin | +0pp |
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