Verizon Communications (VZ) revenue breakdown
By segment, Consumer is the largest at 79% of fiscal 2025 revenue, growing 3% a year over 4 years.
By product, Service revenues and other is the largest at 82% of fiscal 2025 revenue; Wireless equipment grew fastest, 2% a year over 4 years.
Revenue by segment
Fiscal years, as Verizon Communications reports them in its 10-K filings; fiscal 2025 total $135.9B.
| Segments | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Consumer | $95.3B | $103.5B | $101.6B | $102.9B | $106.8B | 79% |
| Business | $31.0B | $31.1B | $30.1B | $29.5B | $29.1B | 21% |
Revenue by product
Fiscal years, as Verizon Communications reports them in its 10-K filings; fiscal 2025 total $138.2B.
| Products | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Service revenues and other | $110.4B | $109.6B | $109.7B | $111.6B | $112.7B | 82% |
| Wireless equipment | $23.2B | $27.2B | $24.3B | $23.2B | $25.5B | 18% |
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Where does Verizon Communications make its money?
In fiscal 2025, by segment: Consumer $106.8B, Business $29.1B.
From Verizon Communications's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.