Qwest Corp income statement
In fiscal 2025, Qwest Corp reported revenue of $4.75bn, down 13.8% on the year before, operating income of −$1.01bn (a -21.3% margin) and net income of −$1.33bn. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMMar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,848 | 8,753 | 8,838 | 8,964 | 8,910 | 8,550 | 8,395 | 8,052 | 7,313 | 6,951 | 6,449 | 5,915 | 5,508 | 4,748 | 4,577 |
| Cost of revenue | 2,868 | 2,790 | 2,879 | 2,872 | 2,934 | 2,881 | 2,669 | 2,333 | 1,995 | 1,722 | 1,646 | 1,608 | 1,505 | 1,449 | 1,389 |
| Gross profit | 5,980 | 5,963 | 5,959 | 6,092 | 5,976 | 5,669 | 5,726 | 5,719 | 5,318 | 5,229 | 4,803 | 4,307 | 4,003 | 3,299 | 3,188 |
| Selling, general and administrative | 1,166 | 1,062 | 1,086 | 1,015 | 1,020 | 925 | 799 | 659 | 564 | 354 | 454 | 478 | 438 | 456 | 445 |
| Operating income | 1,905 | 2,078 | 2,112 | 2,260 | 2,324 | 2,313 | 2,660 | 2,884 | 2,711 | 3,108 | 2,755 | −195 | 2,051 | −1,009 | −1,350 |
| Interest expense | 443 | 450 | 464 | 473 | 478 | 465 | 448 | 380 | 279 | 181 | 112 | 95 | 62 | 91 | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | 66 | 27 | 60 | 66 | 45 | 39 | — |
| Income before tax | 1,391 | 1,566 | 1,609 | 1,733 | 1,763 | 1,791 | 2,159 | 2,468 | 2,302 | 2,816 | 2,590 | −270 | 2,014 | −975 | −1,296 |
| Income tax | 542 | 602 | 639 | 659 | 678 | 134 | 494 | 641 | 595 | 709 | 671 | 561 | 527 | 352 | 541 |
| Net income | 849 | 964 | 970 | 1,074 | 1,085 | 1,657 | 1,665 | 1,827 | 1,707 | 2,107 | 1,919 | −831 | 1,487 | −1,327 | −1,837 |
| EBITDA | 4,195 | 4,206 | 4,117 | 4,117 | 4,015 | 3,896 | 4,096 | 4,248 | 4,026 | 4,117 | 3,615 | 628 | 2,804 | −324 | −706 |
| Quarter | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,389 | 1,363 | 1,364 | 1,222 | 1,206 | 1,161 | 1,159 | 1,051 |
| Cost of revenue | 373 | 389 | 373 | 354 | 363 | 379 | 353 | 294 |
| Gross profit | 1,016 | 974 | 991 | 868 | 843 | 782 | 806 | 757 |
| Selling, general and administrative | 118 | 111 | 81 | 104 | 96 | 156 | 100 | 93 |
| Operating income | 530 | 498 | 528 | 388 | 377 | 243 | −2,017 | 47 |
| Provision for credit losses | 9 | 6 | 10 | — | — | — | — | — |
| Income before tax | 518 | 497 | 520 | 383 | 378 | 247 | −1,983 | 62 |
| Income tax | 140 | 132 | 129 | 99 | 101 | 71 | 81 | 288 |
| Net income | 378 | 365 | 391 | 284 | 277 | 176 | −2,064 | −226 |
| EBITDA | 717 | 681 | 724 | 579 | 551 | 405 | −1,859 | 197 |
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