Verizon Communications (VZ) Revenue & Revenue Breakdown
Verizon Communications Revenue Highlights
Latest Revenue (Y)
$133.97B
Latest Revenue (Q)
$32.80B
Main Segment (Y)
Service And Other
Verizon Communications Revenue by Period
Verizon Communications Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 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 | 6.04% |
| 2006-12-31 | $88.14B | 17.35% |
| 2005-12-31 | $75.11B | 5.37% |
| 2004-12-31 | $71.28B | 5.21% |
| 2003-12-31 | $67.75B | 0.19% |
| 2002-12-31 | $67.63B | 0.65% |
| 2001-12-31 | $67.19B | 3.84% |
| 2000-12-31 | $64.71B | 95.05% |
| 1999-12-31 | $33.17B | 5.09% |
| 1998-12-31 | $31.57B | 4.54% |
| 1997-12-31 | $30.19B | 130.82% |
| 1996-12-31 | $13.08B | -2.59% |
| 1995-12-31 | $13.43B | -2.62% |
| 1994-12-31 | $13.79B | 6.17% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 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 $32.80B in revenue during Q2 2024, up -0.56% compared to the previous quarter, and up 99.65% 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 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Wholesale | $2.31B | - | - | - | - |
| Service | $74.87B | - | - | - | - |
| Product | $24.32B | - | - | - | - |
| Product and Service, Other | $5.90B | - | - | - | - |
| Wireless Service | $76.73B | - | - | - | - |
| Service And Other | $109.65B | - | - | - | - |
| 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/Service | 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 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verizon Business Group | $7.30B | $7.38B | $3.12B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Verizon Consumer Group | $24.93B | $25.06B | $14.64B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Product | - | - | $18.51B | $5.81B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Wireless Service | - | - | $57.40B | $19.33B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Service And Other | - | - | $82.13B | $27.52B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $1.80B |
Verizon Communications's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Verizon Consumer Group (77.35%), and Verizon Business Group (22.65%).
Verizon Communications Peer Comparison by Revenue
VZ Revenue FAQ
What is Verizon Communications’s yearly revenue?
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.
What is Verizon Communications’s quarterly revenue?
Verizon Communications'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). The company'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). VZ's quarterly revenue for Q4 2023 was $35.13B, a 5.38% increase from the previous quarter (Q3 2023), and a -0.34% decrease year-over-year (Q4 2022).
What is Verizon Communications’s revenue growth rate?
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%.
What are Verizon Communications’s revenue streams?
Verizon Communications's revenue streams in c 23 are Wholesale, Service, Product, Product and Service, Other, Wireless Service, and Service And Other. Wholesale generated $2.31B in revenue, accounting 0.79% of the company's total revenue Service generated $74.87B in revenue, accounting 25.49% of the company's total revenue Product generated $24.32B in revenue, accounting 8.28% of the company's total revenue Product and Service, Other generated $5.9B in revenue, accounting 2.01% of the company's total revenue Wireless Service generated $76.73B in revenue, accounting 26.12% of the company's total revenue Service And Other generated $109.65B in revenue, accounting 37.32% of the company's total revenue
What is Verizon Communications’s main source of 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.