Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,265 | $1,328 | $1,425 | $1,493 | $1,557 |
| Gross Profit | $1,085 | $1,136 | $1,224 | $1,296 | $1,366 |
| Operating Income | $824 | $867 | $943 | $1,001 | $1,058 |
| Net Income | $815 | $785 | $674 | $818 | $786 |
Over the five-year period, Verizon Inc/CA’s income statement shows steady growth in revenue and margins. Revenue increased from $1,265 million in 2020 to $1,557 million in 2024, reflecting an overall growth of roughly 23% over the period. Gross profit similarly increased from $1,085 million to $1,366 million, maintaining robust margins close to 85% of revenue throughout. Operating income also demonstrated an upward trend, rising from $824 million in 2020 to $1,058 million in 2024. This gradual improvement in operating income indicates efficient cost management relative to revenue growth. Such stability in gross and operating margins is significant given that the company operates in the domain name registry and internet infrastructure industry where scale and network effects play a crucial role in maintaining competitive advantages. However, net income presents a slightly different picture. While net income remained relatively high, it experienced a notable dip in 2022, falling from $785 million in 2021 to $674 million, a reduction of around 14%. Though not exceeding a 20% swing, this contraction in net income amid growing revenues and operating income suggests potential pressures from non-operating expenses or tax-related items in that year. In 2023 and 2024, net income recovered to $818 million and then dipped slightly to $786 million, indicating some inconsistency in bottom-line performance. Overall, the company exhibits strong and sustainable financial health with consistent revenue and margin growth, though the fluctuations in net income merit closer monitoring to ensure continued profitability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.