Verizon Communications (VZ) Revenue & Revenue Breakdown

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Verizon Communications Revenue Highlights

Latest Revenue (Y)

$134.79B

Latest Revenue (Q)

$33.30B

Main Segment (Y)

Verizon Consumer Group

Main Geography (Y)

United States

Verizon Communications Revenue by Period

Verizon Communications Revenue by Year

Date	Revenue	Change
2024-12-31	$134.79B	0.61%
2023-12-31	$133.97B	-2.09%
2022-12-31	$136.84B	2.41%
2021-12-31	$133.61B	4.15%
2020-12-31	$128.29B	-2.71%
2019-12-31	$131.87B	0.77%
2018-12-31	$130.86B	3.83%
2017-12-31	$126.03B	0.04%
2016-12-31	$125.98B	-4.29%
2015-12-31	$131.62B	3.57%
2014-12-31	$127.08B	5.42%
2013-12-31	$120.55B	4.06%
2012-12-31	$115.85B	4.48%
2011-12-31	$110.88B	4.04%
2010-12-31	$106.56B	-1.15%
2009-12-31	$107.81B	10.74%
2008-12-31	$97.35B	4.16%
2007-12-31	$93.47B	6.00%
2006-12-31	$88.18B	26.85%
2005-12-31	$69.52B	5.73%
2004-12-31	$65.75B	-2.54%
2003-12-31	$67.47B	0.61%
2002-12-31	$67.06B	0.51%
2001-12-31	$66.71B	3.10%
2000-12-31	$64.71B	11.19%
1999-12-31	$58.19B	84.36%
1998-12-31	$31.57B	4.54%
1997-12-31	$30.19B	3.56%
1996-12-31	$29.16B	4.40%
1995-12-31	$27.93B	102.49%
1994-12-31	$13.79B	6.17%
1993-12-31	$12.99B	-

Verizon Communications generated $134.79B in revenue during NA 2024, up 0.61% compared to the previous quarter, and up 102.21% compared to the same period a year ago.

Verizon Communications Revenue by Quarter

Date	Revenue	Change
2024-09-30	$33.30B	1.54%
2024-06-30	$32.80B	-0.56%
2024-03-31	$32.98B	-6.12%
2023-12-31	$35.13B	5.38%
2023-09-30	$33.34B	2.27%
2023-06-30	$32.60B	-0.96%
2023-03-31	$32.91B	-6.64%
2022-12-31	$35.25B	2.95%
2022-09-30	$34.24B	1.34%
2022-06-30	$33.79B	0.70%
2022-03-31	$33.55B	-1.51%
2021-12-31	$34.07B	3.50%
2021-09-30	$32.91B	-2.51%
2021-06-30	$33.76B	2.73%
2021-03-31	$32.87B	-5.26%
2020-12-31	$34.69B	9.98%
2020-09-30	$31.54B	3.60%
2020-06-30	$30.45B	-3.68%
2020-03-31	$31.61B	-9.10%
2019-12-31	$34.77B	5.72%
2019-09-30	$32.89B	2.57%
2019-06-30	$32.07B	-0.18%
2019-03-31	$32.13B	-6.28%
2018-12-31	$34.28B	5.13%
2018-09-30	$32.61B	1.25%
2018-06-30	$32.20B	1.36%
2018-03-31	$31.77B	-6.43%
2017-12-31	$33.95B	7.06%
2017-09-30	$31.72B	3.83%
2017-06-30	$30.55B	2.46%
2017-03-31	$29.81B	-7.81%
2016-12-31	$32.34B	4.54%
2016-09-30	$30.94B	1.33%
2016-06-30	$30.53B	-5.09%
2016-03-31	$32.17B	-6.08%
2015-12-31	$34.25B	3.31%
2015-09-30	$33.16B	2.90%
2015-06-30	$32.22B	0.75%
2015-03-31	$31.98B	-3.64%
2014-12-31	$33.19B	5.08%
2014-09-30	$31.59B	0.33%
2014-06-30	$31.48B	2.16%
2014-03-31	$30.82B	-0.80%
2013-12-31	$31.07B	2.60%
2013-09-30	$30.28B	1.66%
2013-06-30	$29.79B	1.24%
2013-03-31	$29.42B	-2.08%
2012-12-31	$30.05B	3.58%
2012-09-30	$29.01B	1.59%
2012-06-30	$28.55B	1.10%
2012-03-31	$28.24B	-0.68%
2011-12-31	$28.44B	1.87%
2011-09-30	$27.91B	1.37%
2011-06-30	$27.54B	2.02%
2011-03-31	$26.99B	2.25%
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	$27.27B	1.50%
2009-06-30	$26.86B	1.02%
2009-03-31	$26.59B	7.90%
2008-12-31	$24.64B	-0.43%
2008-09-30	$24.75B	2.60%
2008-06-30	$24.12B	1.22%
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/Service	Dec 24	Dec 23	Dec 22	Dec 21
Verizon Consumer Group	$102.90B	-	-	-
Verizon Business Group	$29.53B	-	-	-
Product and Service, Other	-	-	-	-
Product	-	-	-	-
Service	-	-	-	-
Wholesale	-	-	-	-
Service And Other	-	-	-	-
Wireless Service	-	-	-	-
Consumer	-	$101.63B	-	-
Eliminations	-	$-253.00M	-	-
Corporate and Other	-	$2.48B	-	-
Business	-	$30.12B	-	-
Customer Contracts That Have Contract Minimum Over Total Contract Term	-	-	$1.60B	$2.40B
Media Business	-	-	-	$5.30B

Verizon Communications's latest annual revenue breakdown by segment (product or service), as of Dec 24: Verizon Consumer Group (77.70%), and Verizon Business Group (22.30%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Verizon Consumer Group	$27.56B	$25.36B	$24.93B	$25.06B	$14.64B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Verizon Business Group	$7.50B	$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

Verizon Communications's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Verizon Consumer Group (78.60%), and Verizon Business Group (21.40%).

Verizon Communications Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23
United States	$133.97B

Verizon Communications's latest annual revenue breakdown by geography, as of Dec 23: United States (100.00%).

Verizon Communications Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
VZ	Verizon Communications	$134.79B	$33.30B
CMCSA	Comcast	$123.73B	$32.07B
T	AT&T	$122.34B	$30.21B
TMUS	T-Mobile US	$81.40B	$701.00M
CHTR	Charter Communications	$55.09B	$13.79B
VOD	Vodafone Group Public	$37.07B	$14.90B
LUMN	Lumen	$13.11B	$3.22B

VZ Revenue FAQ

What is Verizon Communications’s yearly revenue?

Verizon Communications's yearly revenue for 2024 was $134.79B, representing an increase of 0.61% compared to 2023. The company's yearly revenue for 2023 was $133.97B, representing a decrease of -2.09% compared to 2022. VZ's yearly revenue for 2022 was $136.84B, representing an increase of 2.41% compared to 2021.

What is Verizon Communications’s quarterly revenue?

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).

What is Verizon Communications’s revenue growth rate?

Verizon Communications's revenue growth rate for the last 3 years (2022-2024) was -1.50%, and for the last 5 years (2020-2024) was 5.06%.

What are Verizon Communications’s revenue streams?

Verizon Communications's revenue streams in c 24 are Verizon Consumer Group, and Verizon Business Group. Verizon Consumer Group generated $102.9B in revenue, accounting 77.70% of the company's total revenue, up 1.26% year-over-year. Verizon Business Group generated $29.53B in revenue, accounting 22.30% of the company's total revenue, down -1.96% year-over-year.

What is Verizon Communications’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Verizon Communications was Verizon Consumer Group. This segment made a revenue of $102.9B, representing 77.70% of the company's total revenue.