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Verizon Communications Inc   (VZ)
Other Ticker:  
 
    Sector  Services    Industry Communications Services
   Industry Communications Services
   Sector  Services
 

VZ's Net Income Growth by Quarter and Year

Verizon Communications Inc 's Net Income results by quarter and year




VZ Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 6,554.00 4,839.00 5,160.00
III Quarter September - 5,949.00 4,287.00 2,065.00
II Quarter June - 5,378.00 5,337.00 5,062.00
I Quarter March 4,711.00 4,504.00 4,074.00 4,246.00
FY   4,711.00 22,385.00 18,537.00 16,533.00



VZ Net Income first quarter 2022 Y/Y Growth Comment
Verizon Communications Inc reported Net Income growth of 4.6% year on year in the first quarter 2022, to $ 4,711.00 millions, this is lower than Verizon Communications Inc 's recent average Net Income growth of 5.82%.

Among companies who have reported first quarter 2022 results in the Communications Services industry only one Company has achieved higher year on year Net Income results in the first quarter 2022. While Verizon Communications Inc ' s Net Income increase of 4.6% ranks overall at the positon no. 293 in the first quarter 2022.




VZ Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 35.44 % -6.22 % 10.59 %
III Quarter September - 38.77 % 107.6 % -89.01 %
II Quarter June - 0.77 % 5.43 % 35.49 %
I Quarter March 4.6 % 10.55 % -4.05 % -5.18 %
FY   - 20.76 % 12.12 % -47.78 %

Financial Statements
Verizon Communications Inc 's first quarter 2022 Net Income $ 4,711.00 millions VZ's Income Statement
Verizon Communications Inc 's first quarter 2021 Net Income $ 4,504.00 millions Quarterly VZ's Income Statement
New: More VZ's historic Net Income Growth >>


VZ Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 10.17 % 12.88 % 149.88 %
III Quarter September - 10.62 % -19.67 % -59.21 %
II Quarter June - 19.4 % 31 % 19.22 %
I Quarter March -28.12 % -6.92 % -21.05 % -9 %
FY (Year on Year)   - 20.76 % 12.12 % -47.78 %




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Communications Services Industry #2
Services Sector #44
Overall #293

Net Income Y/Y Growth Statistics
High Average Low
132.87 % 5.82 % -51.04 %
(Dec 31 2013)   (Dec 31 2018)
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Communications Services Industry #2
Services Sector #44
Overall #293
Net Income Y/Y Growth Statistics
High Average Low
132.87 % 5.82 % -51.04 %
(Dec 31 2013)   (Dec 31 2018)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Verizon Communications Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
402.76 % 21.38 % -81.24 %
(Dec 31 2017)  


VZ's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 Verizon Communications Inc disclosed fall in Net Income from the forth quarter by -28.12% to $ 4,711.00 millions, from $ 6,554.00 millions achived in the previous quarter.

As we analyse present slump in the I. Quarter 2022, we must assume, that usually I. Quarter performance emerge weaker then in the forth quarter, Ryan Anderson, a business observer added.

Within Communications Services industry Verizon Communications Inc achieved highest sequential Net Income growth. While Verizon Communications Inc 's Net Income growth quarter on quarter, overall rank is 0.


Net Income Q/Q Growth Company Ranking
Within: No.
Communications Services Industry #
Services Sector #
Overall #0
Net Income Q/Q Growth Company Ranking
Within: No.
Communications Services Industry #
Services Sector #
Overall #0
Net Income Q/Q Growth Statistics
High Average Low
402.76 % 21.38 % -81.24 %
(Dec 31 2017)  


VZ's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 Verizon Communications Inc reported fall in Net Income sequentially by -28.12% to $ 4,711.00 millions, from $ 6,554.00 millions declared in the previous reporting period.

If you evaluate recent downturn at the I. Quarter, you must presume, that commonly I. Quarter 2022 results occur softer in contrast to the forth quarter

Within Communications Services industry Verizon Communications Inc achieved highest sequential Net Income growth. While Verizon Communications Inc 's Net Income growth quarter on quarter, overall rank is 0.


Verizon Communications Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
12 Months Ending
(Sep 30 2020)
Cumulative Net Income 12 Months Ending $ 22,592.00 $ 22,385.00 $ 20,670.00 $ 19,008.00 $ 18,967.00
Y / Y Net Income Growth (TTM) 19.11 % 20.76 % 9.61 % 14.26 % 15.93 %
Year on Year Net Income Growth Overall Ranking # 267 # 1124 # 1309 # 982 # 646
Seqeuential Net Income Change (TTM) 0.92 % 8.3 % 8.74 % 0.22 % 2.32 %
Seq. Net Income Growth (TTM) Overall Ranking # 293 # 1089 # 1333 # 1641 # 1059




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Mar 31 2022 period, Verizon Communications Inc 's cumulative twelve months Net Income were $ 22,592 millions, company would post below average annual Net Income growth of 2.32% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Verizon Communications Inc 's Net Income growth from the 6554% growth in Sep 30 2021. Comparing the results with it's peers in Communications Services industry, Verizon Communications Inc 's trailing twelve months Net Income growth, were the second highest.

Within the Services sector 33 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 267, from total ranking in previous quarter at 1124.

Net Income TTM Q/Q Growth Statistics
High Average Low
132.87 %
5.82 %
-51.04 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Services Industry # 2
Services Sector # 34
Overall # 267

Net Income TTM Y/Y Growth Statistics
High Average Low
163.29 %
19.64 %
-49.21 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 44
S&P 500 # 293
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Mar 31 2022 period, Verizon Communications Inc 's cumulative twelve months Net Income were $ 22,592 millions, company would post below average annual Net Income growth of -49.21% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Verizon Communications Inc 's Net Income growth from the 6554% growth in Sep 30 2021. Comparing the results with it's peers in Communications Services industry, Verizon Communications Inc 's trailing twelve months Net Income growth, were the second highest.

Within the Services sector 33 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 267, from total ranking in previous quarter at 1124.

Net Income TTM Q/Q Growth Statistics
High Average Low
132.87 %
5.82 %
-51.04 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Services Industry # 2
Services Sector # 34
Overall # 267

Net Income TTM Y/Y Growth Statistics
High Average Low
163.29 %
19.64 %
-49.21 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 44
S&P 500 # 293




Other Net Income Growth
Communications Services Industry Net Income Growth Trends and Statistics
Services Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
VZ's Net Income Growth Ratio versus Communications Services Industry, Services Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for VZ's Competitors
Net Income Growth for Verizon Communications Inc 's Suppliers
Net Income Growth for VZ's Customers

You may also want to know
VZ's Annual Growth Rates VZ's Profitability Ratios VZ's Asset Turnover Ratio VZ's Dividend Growth
VZ's Roe VZ's Valuation Ratios VZ's Financial Strength Ratios VZ's Dividend Payout Ratio
VZ's Roa VZ's Inventory Turnover Ratio VZ's Growth Rates VZ's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Mar 31 2022 within Services SectorY/Y Change %Net Income for the quarter ending Mar 31 2022
Mcgrath Rentcorp8.02%$ 8.018 millions
Comcast corporation5.59%$ 5.589 millions
Genpact Limited5.38%$ 5.375 millions
Gartner Inc 5.13%$ 5.128 millions
Forrester Research Inc 4.85%$ 4.853 millions
Broadridge Financial Solutions Inc 4.71%$ 4.713 millions
Getty Realty Corp 4.59%$ 4.585 millions
Perdoceo Education Corp4.31%$ 4.309 millions
Liberty Latin America Ltd 4.25%$ 4.251 millions


       
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