FINHUB Insights

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 10-Q accession 0000732712-24-000052

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
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The numbers

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
ItemValueShare of revenueYear over year
Revenue 32.8 100% +1%
Consumer 24.9 76%
Business 7.3 22%
Other 0.6 2%
Cost of revenue−17.052%
Gross profit15.848% margin+1pp
SG&A−8.024%−1pp
Operating profit7.824% margin+2pp
Interest & other costs−1.9
Tax−1.3
Net profit4.6 14% margin+0pp

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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