Verizon Communications (NEOE:VZ) Tax Rate % : 20.71% (As of Sep. 2024)

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What is Verizon Communications Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Verizon Communications's Tax Expense for the three months ended in Sep. 2024 was C$1,207 Mil. Verizon Communications's Pre-Tax Income for the three months ended in Sep. 2024 was C$5,827 Mil. Therefore, Verizon Communications's Tax Rate % for the quarter that ended in Sep. 2024 was 20.71%.

Verizon Communications Tax Rate % Historical Data

The historical data trend for Verizon Communications's Tax Rate % 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 Tax Rate % Chart

Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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12.95

23.44

23.12

23.07

28.80

Verizon Communications Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															21.12	-41.61	22.27	22.07	20.71

Verizon Communications Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Verizon Communications's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	6563.107	/	22789.759
	=	28.80 %

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

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	1206.949	/	5827.489
	=	20.71 %

Verizon Communications Tax Rate % Related Terms

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Verizon Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (NEOE:VZ) » Definitions » Tax Rate %

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Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

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.