VLZip通过统一压缩图文序列，实现超长上下文下的高保真多模态推理。

Vision Language Models (VLMs) face significant challenges with ultra-long, interleaved image-text sequences due to the quadratic complexity of self-attention. Current solutions either resort to aggressive token pruning, risking irreversible information loss, or adopt efficient but less precise architectures, while largely ignoring the equally vital textual component. We introduce VLZip, a framework that unifies visual and textual compression for high-fidelity reasoning within a pure Transformer. At its core, VLZip hierarchically distills visual and textual segments into compact, layer-specific "soft prefixes" and injects them into each decoder layer's hidden states, drastically shortening the attention sequence while preserving fine-grained global context. To address deficient evaluations in the field, we also introduce LongVLBench, a new benchmark derived from video narratives that demands holistic, narrative-level reasoning. Extensive experiments show VLZip achieves leading performance on long-context multimodal reasoning, enabling training up to 120K tokens, a 6x increase over the baseline, and inference beyond 280K tokens with significantly reduced memory, while demonstrating the memory scalability to handle up to 2M tokens. By excelling at extreme context lengths where existing methods collapse, VLZip establishes an efficient and powerful new standard for long-context multimodal AI. Code is available at https://github.com/ShareLab-SII/VLZip.