VERIZON COMMUNICATIONS INC Quarterly Income Tax Expense (Benefit) in USD from Q1 2010 to Q3 2024

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Verizon Communications Inc quarterly/annual Income Tax Expense (Benefit) history and growth rate from Q1 2010 to Q3 2024.
  • Verizon Communications Inc Income Tax Expense (Benefit) for the quarter ending September 30, 2024 was $891M, a 31.9% decline year-over-year.
  • Verizon Communications Inc Income Tax Expense (Benefit) for the twelve months ending September 30, 2024 was $4.33B, a 30.7% decline year-over-year.
  • Verizon Communications Inc annual Income Tax Expense (Benefit) for 2023 was $4.89B, a 25% decline from 2022.
  • Verizon Communications Inc annual Income Tax Expense (Benefit) for 2022 was $6.52B, a 4.1% decline from 2021.
  • Verizon Communications Inc annual Income Tax Expense (Benefit) for 2021 was $6.8B, a 21.1% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Quarterly (USD)
Income Tax Expense (Benefit), YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2024 $4.33B $891M -$417M -31.9% Jul 1, 2024 Sep 30, 2024 10-Q 2024-10-25
Q2 2024 $4.75B $1.33B -$14M -1.04% Apr 1, 2024 Jun 30, 2024 10-Q 2024-07-25
Q1 2024 $4.76B $1.35B -$129M -8.7% Jan 1, 2024 Mar 31, 2024 10-Q 2024-04-25
Q4 2023 $4.89B $756M -$1.36B -64.2% Oct 1, 2023 Dec 31, 2023 10-K 2024-02-09
Q3 2023 $6.25B $1.31B -$188M -12.6% Jul 1, 2023 Sep 30, 2023 10-Q 2024-10-25
Q2 2023 $6.44B $1.35B -$196M -12.7% Apr 1, 2023 Jun 30, 2023 10-Q 2024-07-25
Q1 2023 $6.63B $1.48B +$110M +8.02% Jan 1, 2023 Mar 31, 2023 10-Q 2024-04-25
Q4 2022 $6.52B $2.11B +$706M +50.2% Oct 1, 2022 Dec 31, 2022 10-K 2024-02-09
Q3 2022 $5.82B $1.5B -$324M -17.8% Jul 1, 2022 Sep 30, 2022 10-Q 2023-10-26
Q2 2022 $6.14B $1.54B -$333M -17.8% Apr 1, 2022 Jun 30, 2022 10-Q 2023-07-28
Q1 2022 $6.47B $1.37B -$328M -19.3% Jan 1, 2022 Mar 31, 2022 10-Q 2023-04-27
Q4 2021 $6.8B $1.41B -$128M -8.34% Oct 1, 2021 Dec 31, 2021 10-K 2024-02-09
Q3 2021 $6.93B $1.82B +$473M +35.1% Jul 1, 2021 Sep 30, 2021 10-Q 2022-10-25
Q2 2021 $6.46B $1.88B +$527M +39.1% Apr 1, 2021 Jun 30, 2021 10-Q 2022-07-28
Q1 2021 $5.93B $1.7B +$311M +22.4% Jan 1, 2021 Mar 31, 2021 10-Q 2022-04-27
Q4 2020 $5.62B $1.54B +$3.04B Oct 1, 2020 Dec 31, 2020 10-K 2023-02-10
Q3 2020 $2.58B $1.35B -$239M -15.1% Jul 1, 2020 Sep 30, 2020 10-Q 2021-10-26
Q2 2020 $2.82B $1.35B +$112M +9.06% Apr 1, 2020 Jun 30, 2020 10-Q 2021-07-28
Q1 2020 $2.71B $1.39B -$239M -14.7% Jan 1, 2020 Mar 31, 2020 10-Q 2021-04-27
Q4 2019 $2.95B -$1.51B -$807M -116% Oct 1, 2019 Dec 31, 2019 10-K 2022-02-11
Q3 2019 $3.75B $1.59B -$27M -1.67% Jul 1, 2019 Sep 30, 2019 10-Q 2020-10-27
Q2 2019 $3.78B $1.24B -$45M -3.51% Apr 1, 2019 Jun 30, 2019 10-Q 2020-07-28
Q1 2019 $3.82B $1.63B +$240M +17.3% Jan 1, 2019 Mar 31, 2019 10-Q 2020-04-27
Q4 2018 $3.58B -$698M +$15.2B +95.6% Oct 1, 2018 Dec 31, 2018 10-K 2021-02-25
Q3 2018 -$11.6B $1.61B -$162M -9.13% Jul 1, 2018 Sep 30, 2018 10-Q 2019-10-30
Q2 2018 -$11.4B $1.28B -$1.21B -48.5% Apr 1, 2018 Jun 30, 2018 10-Q 2019-08-08
Q1 2018 -$10.2B $1.39B -$241M -14.8% Jan 1, 2018 Mar 31, 2018 8-K 2019-08-08
Q4 2017 -$9.96B -$15.8B -$18.2B -775% Oct 1, 2017 Dec 31, 2017 10-K 2020-02-21
Q3 2017 $8.24B $1.78B -$54M -2.95% Jul 1, 2017 Sep 30, 2017 10-Q 2018-10-30
Q2 2017 $8.3B $2.49B +$1.63B +188% Apr 1, 2017 Jun 30, 2017 10-Q 2018-07-31
Q1 2017 $6.67B $1.63B -$707M -30.3% Jan 1, 2017 Mar 31, 2017 10-Q 2018-05-01
Q4 2016 $7.38B $2.35B -$716M -23.4% Oct 1, 2016 Dec 31, 2016 8-K 2019-08-08
Q3 2016 $8.09B $1.83B -$366M -16.7% Jul 1, 2016 Sep 30, 2016 10-Q 2017-10-26
Q2 2016 $8.46B $864M -$1.41B -62% Apr 1, 2016 Jun 30, 2016 10-Q 2016-07-29
Q1 2016 $9.87B $2.34B +$5M +0.22% Jan 1, 2016 Mar 31, 2016 10-Q 2017-04-27
Q4 2015 $9.87B $3.07B +$4.8B Oct 1, 2015 Dec 31, 2015 8-K 2018-05-01
Q3 2015 $5.06B $2.2B +$331M +17.8% Jul 1, 2015 Sep 30, 2015 10-Q 2015-10-27
Q2 2015 $4.73B $2.27B +$54M +2.43% Apr 1, 2015 Jun 30, 2015 10-Q 2016-07-29
Q1 2015 $4.68B $2.33B +$1.36B +141% Jan 1, 2015 Mar 31, 2015 10-Q 2016-04-28
Q4 2014 $3.31B -$1.74B -$4.58B -161% Oct 1, 2014 Dec 31, 2014 10-K 2017-02-21
Q3 2014 $7.9B $1.86B +$830M +80.3% Jul 1, 2014 Sep 30, 2014 10-Q 2015-10-27
Q2 2014 $7.07B $2.22B +$1.23B +125% Apr 1, 2014 Jun 30, 2014 10-Q 2015-07-28
Q1 2014 $5.83B $968M +$104M +12% Jan 1, 2014 Mar 31, 2014 10-Q 2015-04-28
Q4 2013 $5.73B $2.84B +$5.65B Oct 1, 2013 Dec 31, 2013 8-K 2016-07-29
Q3 2013 $76M $1.03B +$403M +63.9% Jul 1, 2013 Sep 30, 2013 10-Q 2014-10-28
Q2 2013 -$327M $988M +$195M +24.6% Apr 1, 2013 Jun 30, 2013 10-Q 2014-07-29
Q1 2013 -$522M $864M +$138M +19% Jan 1, 2013 Mar 31, 2013 10-Q 2014-04-29
Q4 2012 -$660M -$2.81B -$1.22B -76.7% Oct 1, 2012 Dec 31, 2012 10-K 2015-02-23
Q3 2012 $560M $631M +$75M +13.5% Jul 1, 2012 Sep 30, 2012 10-Q 2013-10-24
Q2 2012 $485M $793M +$91M +13% Apr 1, 2012 Jun 30, 2012 10-Q 2013-07-25
Q1 2012 $394M $726M +$109M +17.7% Jan 1, 2012 Mar 31, 2012 10-Q 2013-04-25
Q4 2011 $285M -$1.59B -$2.94B -218% Oct 1, 2011 Dec 31, 2011 10-K 2014-02-27
Q3 2011 $3.23B $556M +$378M +212% Jul 1, 2011 Sep 30, 2011 10-Q 2012-10-25
Q2 2011 $2.85B $702M +$1.39B Apr 1, 2011 Jun 30, 2011 10-Q 2012-07-30
Q1 2011 $1.46B $617M -$1.01B -62% Jan 1, 2011 Mar 31, 2011 10-Q 2012-04-26
Q4 2010 $2.47B $1.35B Oct 1, 2010 Dec 31, 2010 10-K 2013-02-26
Q3 2010 $178M Jul 1, 2010 Sep 30, 2010 10-Q 2011-10-25
Q2 2010 -$685M Apr 1, 2010 Jun 30, 2010 10-Q 2011-07-28
Q1 2010 $1.62B Jan 1, 2010 Mar 31, 2010 10-Q 2011-04-28
* An asterisk sign (*) next to the value indicates that the value is likely invalid.