Verizon Communications Inc (VZ)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	55,918,000	86,787,000	88,372,000	90,608,000	91,666,000	92,880,000	92,715,000	93,179,000	92,325,000	87,398,000	85,080,000	81,770,000	79,353,000	92,586,000	94,138,000	95,599,000	97,268,000	96,960,000	96,265,000	95,522,000
Revenue (ttm)	US$ in thousands	133,974,000	134,095,000	135,000,000	136,193,000	136,835,000	135,651,000	134,325,000	134,300,000	133,613,000	134,238,000	132,866,000	129,549,000	128,292,000	128,375,000	129,726,000	131,350,000	131,868,000	131,374,000	131,087,000	131,219,000
Gross profit margin		41.74%	64.72%	65.46%	66.53%	66.99%	68.47%	69.02%	69.38%	69.10%	65.11%	64.03%	63.12%	61.85%	72.12%	72.57%	72.78%	73.76%	73.80%	73.44%	72.80%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $55,918,000K ÷ $133,974,000K
= 41.74%

Verizon Communications Inc's gross profit margin has shown a gradual increase over the past eight quarters, with a consistent upward trend from Q1 2022 to Q4 2023. The company's gross profit margin improved from 56.79% in Q4 2022 to 59.03% in Q4 2023. This indicates that Verizon has been effectively managing its cost of goods sold and generating higher profits from its core operations. The increment in gross profit margin suggests that Verizon has been successful in controlling its production costs and/or increasing the selling price of its products and services. Overall, the improving trend in gross profit margin reflects positively on the financial performance and efficiency of Verizon Communications Inc.