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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$3.22B

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 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 (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 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

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.