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Verizon Communications (BUE:VZ) Gross Profit : ARS61,439,642 Mil (TTM As of Sep. 2024)


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What is Verizon Communications Gross Profit?

Verizon Communications's gross profit for the three months ended in Sep. 2024 was ARS19,095,544 Mil. Verizon Communications's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ARS61,439,642 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Verizon Communications's gross profit for the three months ended in Sep. 2024 was ARS19,095,544 Mil. Verizon Communications's Revenue for the three months ended in Sep. 2024 was ARS31,680,164 Mil. Therefore, Verizon Communications's Gross Margin % for the quarter that ended in Sep. 2024 was 60.28%.

Verizon Communications had a gross margin of 60.28% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Verizon Communications was 60.71%. The lowest was 56.79%. And the median was 58.34%.


Verizon Communications Gross Profit Historical Data

The historical data trend for Verizon Communications's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Verizon Communications Gross Profit Chart

Verizon Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,611,055.04 6,273,665.35 7,807,738.72 13,026,739.94 28,550,407.03

Verizon Communications Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,963,655.24 7,201,228.01 16,941,832.79 18,201,037.24 19,095,544.16

Competitive Comparison of Verizon Communications's Gross Profit

For the Telecom Services subindustry, Verizon Communications's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Verizon Communications's Gross Profit Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Gross Profit distribution charts can be found below:

* The bar in red indicates where Verizon Communications's Gross Profit falls into.



Verizon Communications Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Verizon Communications's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=48364614.044 - 19814207.018
=28,550,407

Verizon Communications's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=31680163.608 - 12584619.447
=19,095,544

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS61,439,642 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Verizon Communications's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=19,095,544 / 31680163.608
=60.28 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Verizon Communications  (BUE:VZ) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Verizon Communications had a gross margin of 60.28% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Verizon Communications Gross Profit Related Terms

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Verizon Communications Business Description

Address
1095 Avenue of the Americas, New York, NY, USA, 10036
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks. Verizon agreed to acquire Frontier Communications in September 2024.