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Verizon Communications (LIM:VZ) Pre-Tax Income : $14,594 Mil (TTM As of Sep. 2024)


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What is Verizon Communications Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Verizon Communications's pretax income for the three months ended in Sep. 2024 was $4,302 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was $14,594 Mil. Verizon Communications's pretax margin was 12.91%.

During the past 13 years, Verizon Communications's highest Pretax Margin was 22.02%. The lowest was 10.87%. And the median was 16.95%.


Verizon Communications Pre-Tax Income Historical Data

The historical data trend for Verizon Communications's Pre-Tax Income 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.

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Verizon Communications Pre-Tax Income Chart

Verizon Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22,733.00 23,967.00 29,420.00 28,271.00 16,987.00

Verizon Communications Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pre-Tax Income 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 6,192.00 -1,817.00 6,075.00 6,034.00 4,302.00

Competitive Comparison of Verizon Communications's Pre-Tax Income

For the Telecom Services subindustry, Verizon Communications's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Verizon Communications's Pre-Tax Income falls into.



Verizon Communications Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

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

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=28718+-6561+-5524+354+0
=16,987

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

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=5926+-49+-1672+97+0
=4,302

Pre-Tax Income 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 $14,594 Mil.

* 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.


Verizon Communications  (LIM:VZ) Pre-Tax Income Explanation

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

Pretax Margin=Pretax Income/Revenue
=4302/33330
=12.91%

During the past 13 years, Verizon Communications's highest Pretax Margin was 22.02%. The lowest was 10.87%. And the median was 16.95%.

* 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.


Verizon Communications Pre-Tax Income 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.