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.