VERIZON COMMUNICATIONS INC Annual Income Tax Expense (Benefit) in USD from 2010 to 2023

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 2010 to 2023.
  • 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), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $4.89B -$1.63B -25% Jan 1, 2023 Dec 31, 2023 10-K 2024-02-09
2022 $6.52B -$279M -4.1% Jan 1, 2022 Dec 31, 2022 10-K 2024-02-09
2021 $6.8B +$1.18B +21.1% Jan 1, 2021 Dec 31, 2021 10-K 2024-02-09
2020 $5.62B +$2.67B +90.8% Jan 1, 2020 Dec 31, 2020 10-K 2023-02-10
2019 $2.95B -$639M -17.8% Jan 1, 2019 Dec 31, 2019 10-K 2022-02-11
2018 $3.58B +$13.5B Jan 1, 2018 Dec 31, 2018 10-K 2021-02-25
2017 -$9.96B -$17.3B -235% Jan 1, 2017 Dec 31, 2017 10-K 2020-02-21
2016 $7.38B -$2.49B -25.2% Jan 1, 2016 Dec 31, 2016 8-K 2019-08-08
2015 $9.87B +$6.55B +198% Jan 1, 2015 Dec 31, 2015 8-K 2018-05-01
2014 $3.31B -$2.42B -42.2% Jan 1, 2014 Dec 31, 2014 10-K 2017-02-21
2013 $5.73B +$6.39B Jan 1, 2013 Dec 31, 2013 8-K 2016-07-29
2012 -$660M -$945M -332% Jan 1, 2012 Dec 31, 2012 10-K 2015-02-23
2011 $285M -$2.18B -88.4% Jan 1, 2011 Dec 31, 2011 10-K 2014-02-27
2010 $2.47B Jan 1, 2010 Dec 31, 2010 10-K 2013-02-26
* An asterisk sign (*) next to the value indicates that the value is likely invalid.