Verizon Communications (VZ) Revenue & Revenue Breakdown


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Verizon Communications Revenue Highlights


Latest Revenue (Y)

$133.97B

Latest Revenue (Q)

$33.30B

Main Segment (Y)

Service And Other

Verizon Communications Revenue by Period


Verizon Communications Revenue by Year

DateRevenueChange
2023-12-31$133.97B-2.09%
2022-12-31$136.84B2.41%
2021-12-31$133.61B4.15%
2020-12-31$128.29B-2.71%
2019-12-31$131.87B0.77%
2018-12-31$130.86B3.83%
2017-12-31$126.03B0.04%
2016-12-31$125.98B-4.29%
2015-12-31$131.62B3.57%
2014-12-31$127.08B5.42%
2013-12-31$120.55B4.06%
2012-12-31$115.85B4.48%
2011-12-31$110.88B4.04%
2010-12-31$106.56B-1.15%
2009-12-31$107.81B10.74%
2008-12-31$97.35B4.16%
2007-12-31$93.47B6.04%
2006-12-31$88.14B17.35%
2005-12-31$75.11B5.37%
2004-12-31$71.28B5.21%
2003-12-31$67.75B0.19%
2002-12-31$67.63B0.65%
2001-12-31$67.19B3.84%
2000-12-31$64.71B95.05%
1999-12-31$33.17B5.09%
1998-12-31$31.57B4.54%
1997-12-31$30.19B130.82%
1996-12-31$13.08B-2.59%
1995-12-31$13.43B-2.62%
1994-12-31$13.79B6.17%
1993-12-31$12.99B-

Verizon Communications generated $133.97B in revenue during NA 2023, up -2.09% compared to the previous quarter, and up 102.38% compared to the same period a year ago.

Verizon Communications Revenue by Quarter

DateRevenueChange
2024-09-30$33.30B1.54%
2024-06-30$32.80B-0.56%
2024-03-31$32.98B-6.12%
2023-12-31$35.13B5.38%
2023-09-30$33.34B2.27%
2023-06-30$32.60B-0.96%
2023-03-31$32.91B-6.64%
2022-12-31$35.25B2.95%
2022-09-30$34.24B1.34%
2022-06-30$33.79B0.70%
2022-03-31$33.55B-1.51%
2021-12-31$34.07B3.50%
2021-09-30$32.91B-2.51%
2021-06-30$33.76B2.73%
2021-03-31$32.87B-5.26%
2020-12-31$34.69B9.98%
2020-09-30$31.54B3.60%
2020-06-30$30.45B-3.68%
2020-03-31$31.61B-9.10%
2019-12-31$34.77B5.72%
2019-09-30$32.89B2.57%
2019-06-30$32.07B-0.18%
2019-03-31$32.13B-6.28%
2018-12-31$34.28B5.13%
2018-09-30$32.61B1.25%
2018-06-30$32.20B1.36%
2018-03-31$31.77B-6.43%
2017-12-31$33.95B7.06%
2017-09-30$31.72B3.83%
2017-06-30$30.55B2.46%
2017-03-31$29.81B-7.81%
2016-12-31$32.34B4.54%
2016-09-30$30.94B1.33%
2016-06-30$30.53B-5.09%
2016-03-31$32.17B-6.08%
2015-12-31$34.25B3.31%
2015-09-30$33.16B2.90%
2015-06-30$32.22B0.75%
2015-03-31$31.98B-3.64%
2014-12-31$33.19B5.08%
2014-09-30$31.59B0.33%
2014-06-30$31.48B2.16%
2014-03-31$30.82B-0.80%
2013-12-31$31.07B2.60%
2013-09-30$30.28B1.66%
2013-06-30$29.79B1.24%
2013-03-31$29.42B-2.08%
2012-12-31$30.05B3.58%
2012-09-30$29.01B1.59%
2012-06-30$28.55B1.10%
2012-03-31$28.24B-0.68%
2011-12-31$28.44B1.87%
2011-09-30$27.91B1.37%
2011-06-30$27.54B2.02%
2011-03-31$26.99B2.25%
2010-12-31$26.39B-0.34%
2010-09-30$26.48B-1.08%
2010-06-30$26.77B-0.52%
2010-03-31$26.91B-0.66%
2009-12-31$27.09B-0.64%
2009-09-30$27.27B1.50%
2009-06-30$26.86B1.02%
2009-03-31$26.59B7.90%
2008-12-31$24.64B-0.43%
2008-09-30$24.75B2.60%
2008-06-30$24.12B1.22%
2008-03-31$23.83B-

Verizon Communications generated $33.30B in revenue during Q3 2024, up 1.54% compared to the previous quarter, and up 102.16% compared to the same period a year ago.

Verizon Communications Revenue Breakdown


Verizon Communications Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Service And Other$109.65B----
Wireless Service$76.73B----
Product and Service, Other$5.90B----
Product$24.32B----
Service$74.87B----
Wholesale$2.31B----
Customer Contracts That Have Contract Minimum Over Total Contract Term-$1.60B$2.40B$3.40B-
Media Business--$5.30B$7.00B$7.50B

Verizon Communications's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service And Other (37.32%), Wireless Service (26.12%), Service (25.49%), Product (8.28%), Product and Service, Other (2.01%), and Wholesale (0.79%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Verizon Consumer Group$25.36B$24.93B$25.06B$14.64B----------------
Verizon Business Group$7.35B$7.30B$7.38B$3.12B----------------
Service And Other---$82.13B$27.52B---------------
Product---$18.51B$5.81B---------------
Wireless Service---$57.40B$19.33B---------------
Customer Contracts That Have Contract Minimum Over Total Contract Term-----$1.40B$1.40B$1.80B$1.90B$2.10B$2.70B$2.80B$2.70B-------
Media Business-----------$1.40B$2.10B$1.90B$2.30B$1.70B$1.40B$1.70B$2.10B$1.80B

Verizon Communications's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Verizon Consumer Group (77.53%), and Verizon Business Group (22.47%).

Verizon Communications Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
VZVerizon Communications$133.97B$33.30B
TAT&T$122.43B$30.21B
CMCSAComcast$121.57B$32.07B
TMUST-Mobile US$78.56B$701.00M
CHTRCharter Communications$54.61B$13.79B
VODVodafone Group Public Limited Company$37.07B$14.90B
LUMNLumen$3.52B$3.29B

VZ Revenue FAQ


Verizon Communications's yearly revenue for 2023 was $133.97B, representing a decrease of -2.09% compared to 2022. The company's yearly revenue for 2022 was $136.84B, representing an increase of 2.41% compared to 2021. VZ's yearly revenue for 2021 was $133.61B, representing an increase of 4.15% compared to 2020.

Verizon Communications's quarterly revenue for Q3 2024 was $33.3B, a 1.54% increase from the previous quarter (Q2 2024), and a -0.11% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $32.8B, a -0.56% decrease from the previous quarter (Q1 2024), and a 0.61% increase year-over-year (Q2 2023). VZ's quarterly revenue for Q1 2024 was $32.98B, a -6.12% decrease from the previous quarter (Q4 2023), and a 0.21% increase year-over-year (Q1 2023).

Verizon Communications's revenue growth rate for the last 3 years (2021-2023) was 0.27%, and for the last 5 years (2019-2023) was 1.60%.

Verizon Communications's revenue streams in c 23 are Service And Other, Wireless Service, Product and Service, Other, Product, Service, and Wholesale. Service And Other generated $109.65B in revenue, accounting 37.32% of the company's total revenue Wireless Service generated $76.73B in revenue, accounting 26.12% of the company's total revenue Product and Service, Other generated $5.9B in revenue, accounting 2.01% of the company's total revenue Product generated $24.32B in revenue, accounting 8.28% of the company's total revenue Service generated $74.87B in revenue, accounting 25.49% of the company's total revenue Wholesale generated $2.31B in revenue, accounting 0.79% of the company's total revenue

For the fiscal year ending Dec 23, the largest source of revenue of Verizon Communications was Service And Other. This segment made a revenue of $109.65B, representing 37.32% of the company's total revenue.