Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $128,292 | $133,613 | $136,835 | $133,974 | $134,788 |
| Gross Profit | $28,798 | $32,448 | $30,467 | $22,877 | $28,686 |
| Operating Income | $28,798 | $32,448 | $30,467 | $22,877 | $28,686 |
| Net Income | $17,801 | $22,065 | $21,256 | $11,614 | $17,506 |
Over the past five years, Verizon Communications Inc. has experienced moderate fluctuations in its key financial metrics. Revenues increased from USD 128,292 million in 2020 to a peak of USD 136,835 million in 2022 before dipping slightly to USD 133,974 million in 2023 and stabilizing near USD 134,788 million in 2024. This steady revenue stream is characteristic of a mature telecommunications firm with a stable customer base and recurring revenue despite some variability. Gross profit and operating income—both following similar trends—rose by about 12.7% from 2020 (USD 28,798 million) to 2021 (USD 32,448 million) but then experienced a noticeable contraction, particularly from 2022 to 2023 when gross profit fell by roughly 25% (from USD 30,467 million to USD 22,877 million). The net income figures echo this mixed performance. After a robust recovery in 2021, rising approximately 24% to USD 22,065 million from 2020’s USD 17,801 million, net income experienced volatility: it declined slightly in 2022 and then dropped sharply by nearly 45% in 2023, down to USD 11,614 million, before rebounding to USD 17,506 million in 2024. Such significant swings, particularly the pronounced dip in 2023, may be indicative of cost pressures, shifts in market conditions, or operational adjustments common in the competitive telecom sector. Overall, despite these short-term fluctuations, Verizon’s ability to maintain a stable revenue base and recover net income in 2024 underlines a resilient financial standing, suggesting sustainable operations in a mature industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.