Verizon Communications Inc (VZ)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 16,506,000 | 27,145,000 | 27,471,000 | 28,218,000 | 27,779,000 | 25,109,000 | 26,940,000 | 27,874,000 | 28,867,000 | 28,970,000 | 26,447,000 | 24,820,000 | 23,420,000 | 20,887,000 | 21,963,000 | 21,095,000 | 22,210,000 | 19,861,000 | 19,618,000 | 19,839,000 |
| 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 |
| Pretax margin | 12.32% | 20.24% | 20.35% | 20.72% | 20.30% | 18.51% | 20.06% | 20.76% | 21.60% | 21.58% | 19.91% | 19.16% | 18.26% | 16.27% | 16.93% | 16.06% | 16.84% | 15.12% | 14.97% | 15.12% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $16,506,000K ÷ $133,974,000K
= 12.32%
Verizon Communications Inc's pretax margin has shown some fluctuations over the past eight quarters. The trend indicates that the company's profitability before taxes has generally been stable, ranging between 18.87% and 21.17%. However, there was a noticeable decrease in pretax margin in Q4 2023 compared to the previous quarter, dropping from 20.59% to 12.68%.
Overall, Verizon's pretax margin performance suggests that the company has been effectively managing its operating expenses and generating a reasonable level of profitability relative to its revenue before tax expenses. It would be important for stakeholders to monitor future performance to understand the factors influencing these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023