Company / Interest Expense
Verizon Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$3.5B
FY2023
5-year range
$3.5B / $4.7B
FY2019-FY2023
Trend
-17.9%
vs FY2022
Sector context
#1 of 21
Communication Services
What the data says
Among 21 Communication Services companies, Verizon is in the bottom 5% for interest expense. Interest Expense has declined for 3 consecutive years, from $4.8B in FY2020 to $3.5B in FY2023.
Based on SEC 10-K filings.
$3.5B in FY2023 with a 5-year CAGR of -6.3%. Ranks 1st among 21 companies in Communication Services.
Improved from $4.7B to $3.5B over the past 2 years.
Communication Services sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- -10.3%
- 5-Year CAGR
- -6.3%
- 10-Year CAGR
- -
Sector benchmark
+2763.2% above sector average
Key checks
Key Insights
- Verizon's interest expense has declined for 3 consecutive years.
- 5-year CAGR of -6.3%, indicating a declining trend.
- In FY2023, interest expense decreased 17.9% year-over-year.
- Ranks #1 out of 21 companies in the Communication Services sector.
Company context
Key Data Points
- Altman Z-Score 0.90 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $3.5B | -17.9% |
| FY2022 | $4.2B | -10.2% |
| FY2021 | $4.7B | -2.1% |
| FY2020 | $4.8B | +2.1% |
| FY2019 | $4.7B | -2.1% |
| FY2018 | $4.8B | +2.1% |
| FY2017 | $4.7B | +8.2% |
| FY2016 | $4.4B | -11.1% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026