FINHUB Insights

VZ · Q2 FY24 · Apr 1 – Jun 30, 2024

Verizon Q2 FY24: where the revenue came from and where it went

Verizon Q2 FY24: revenue $32.8B (+1% year over year). Net profit $4.6B. Largest cohort Service $19.2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2024
Reported
Jul 25, 2024 10-Q
Sankey diagram of Verizon's income statement for Q2 FY24: revenue of $32.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$32.8B +1% year over year
Gross profit$27.2B 83% margin
Operating profit$7.8B 24% margin
Net profit$4.6B 14% margin

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%
Service 19.2 59%
Wireless equipment 4.1 12%
Enterprise and Public Sector 3.5 11%
Business Markets and Other 3.2 10%
Other consumer 1.5 5%
Other 0.6 2%
Wholesale 0.5 2%
Cost of revenue−5.617%
Gross profit27.283% margin+0pp
SG&A−824%−1pp
Other−11.435%+0pp
Operating profit7.824% margin+2pp
Tax−1.3
Interest & other costs−1.9
Net profit4.614%+0pp
Filing on EDGAR More quarters of VZ

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.

Older quarters