SG&A expenses of Verizon Communications

Verizon Communications Selling, General & Administrative expenses 2007-2021

Amounts are in $millions.

Year SG&A expenses ($m)
2021$28,658
2020$31,573
2019$29,896
2018 $31,083
2017$28,592
2016$28,102
2015$29,986
2014$41,016 
2013$27,089
2012$39,951
2011$35,624 
2010$31,366 
2009$30,717
2008$41,517 
2007$25,967 

2021: In 2021, the selling, general and administratve expenses of Verizon communications Inc, climbed to $28,658 million compared to $31,573 million in 2020. The total operating expenses of the company in 2021 reached $101,165 million compared to $99,494 million in 2020. 2021 was the best financial year for Verizon. Its net revenue reached $133.6 billion in 2021 compared to $128.3 billion in 2020. The net income of the company reached $22.6 billion in 2021 compared to $18,35 billion in the prior year.

2018: The selling, general and administrative expenses of Verizon Communications Inc climbed to $31,083 million in 2018 from $28,592 million in 2017.

About Verizon:

Headquartered in NewYork, United States, Verizon is one of the leading US based telecom providers with a global presence. The company employed around 118,400 people at the end of 2021. It has divided its business into two main operating segments including the consumer group and the business group.