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Verizon Communications's Revenue (2016 - 2025)

  • Verizon Communications's annual revenue was $138.19 B in fiscal year 2025. The annual revenue increased $3.40 B from $134.79 B (in 2024) to $138.19 B (in 2025), representing a 2.52% year-over-year growth.

  • Verizon Communications's quarterly revenue was $34.44 B in the quarter ending Mar 2026. The quarterly revenue increased $955.00 M from $33.49 B (in Q1: Dec 2025) to $34.44 B (in Q1: Dec 2026), representing a 2.85% year-over-year growth.

    • Over the past 10 years (2016 - 2025):
  • The highest annual revenue for Verizon Communications was $138.19 B in fiscal year 2025.
  • The lowest annual revenue was $125.98 B in fiscal year 2016.
  • The average revenue was $132.04 B.

    • Learn more about Verizon Communications's Revenue by Segment and Revenue by Region.

    Check out competitors to Verizon Communications in a side-by-side comparison.

    Explore additional financial metrics for Verizon Communications.


    Definition of Revenue :
  • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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Verizon Communications's Revenue Trend

2025

Verizon Communications's annual revenue was $138.19 B in fiscal year 2025.

Verizon Communications's quarterly revenue was $33.49 B(Q1: Mar 2025), $34.50 B(Q2: Jun 2025), $33.82 B(Q3: Sep 2025), $36.38 B(Q4: Dec 2025) in fiscal year 2025.

2024

Verizon Communications's annual revenue was $134.79 B in fiscal year 2024.

Verizon Communications's quarterly revenue was $32.98 B(Q1: Mar 2024), $32.80 B(Q2: Jun 2024), $33.33 B(Q3: Sep 2024), $35.68 B(Q4: Dec 2024) in fiscal year 2024.

2023

Verizon Communications's annual revenue was $133.97 B in fiscal year 2023.

Verizon Communications's quarterly revenue was $32.91 B(Q1: Mar 2023), $32.60 B(Q2: Jun 2023), $33.34 B(Q3: Sep 2023), $35.13 B(Q4: Dec 2023) in fiscal year 2023.

2022

Verizon Communications's annual revenue was $136.84 B in fiscal year 2022.

Verizon Communications's quarterly revenue was $33.55 B(Q1: Mar 2022), $33.79 B(Q2: Jun 2022), $34.24 B(Q3: Sep 2022), $35.25 B(Q4: Dec 2022) in fiscal year 2022.

2021

Verizon Communications's annual revenue was $133.61 B in fiscal year 2021.

Verizon Communications's quarterly revenue was $32.87 B(Q1: Mar 2021), $33.76 B(Q2: Jun 2021), $32.92 B(Q3: Sep 2021), $34.07 B(Q4: Dec 2021) in fiscal year 2021.

2020

Verizon Communications's annual revenue was $128.29 B in fiscal year 2020.

Verizon Communications's quarterly revenue was $31.61 B(Q1: Mar 2020), $30.45 B(Q2: Jun 2020), $31.54 B(Q3: Sep 2020), $34.69 B(Q4: Dec 2020) in fiscal year 2020.

2019

Verizon Communications's annual revenue was $131.87 B in fiscal year 2019.

Verizon Communications's quarterly revenue was $32.13 B(Q1: Mar 2019), $32.07 B(Q2: Jun 2019), $32.89 B(Q3: Sep 2019), $34.78 B(Q4: Dec 2019) in fiscal year 2019.

2018

Verizon Communications's annual revenue was $130.86 B in fiscal year 2018.

Verizon Communications's quarterly revenue was $31.77 B(Q1: Mar 2018), $32.20 B(Q2: Jun 2018), $32.61 B(Q3: Sep 2018), $34.28 B(Q4: Dec 2018) in fiscal year 2018.

2017

Verizon Communications's annual revenue was $126.03 B in fiscal year 2017.

Verizon Communications's quarterly revenue was $29.81 B(Q1: Mar 2017), $30.55 B(Q2: Jun 2017), $31.72 B(Q3: Sep 2017), $33.96 B(Q4: Dec 2017) in fiscal year 2017.

2016

Verizon Communications's annual revenue was $125.98 B in fiscal year 2016.

Verizon Communications's quarterly revenue was $32.17 B(Q1: Mar 2016), $30.53 B(Q2: Jun 2016), $30.94 B(Q3: Sep 2016), $32.34 B(Q4: Dec 2016) in fiscal year 2016.

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Verizon Communications's Revenue (Year-over-Year Change)

2015 0
2016 -4.29
2017 +0.04
2018 +3.83
2019 +0.77
2020 -2.71
2021 +4.15
2022 +2.41
2023 -2.09
2024 +0.61
2025 +2.52

2025

Verizon Communications’s annual revenue increased +2.52% during fiscal year 2025 compared to 2024. It represents a growth of $3.40 B from $134.79 B (in 2024) to $138.19 B (in 2025).

2024

Verizon Communications’s annual revenue increased +0.61% during fiscal year 2024 compared to 2023. It represents a growth of $814.00 M from $133.97 B (in 2023) to $134.79 B (in 2024).

2023

Verizon Communications’s annual revenue decreased -2.09% during fiscal year 2023 compared to 2022. It represents a decline of $2.86 B from $136.84 B (in 2022) to $133.97 B (in 2023).

2022

Verizon Communications’s annual revenue increased +2.41% during fiscal year 2022 compared to 2021. It represents a growth of $3.22 B from $133.61 B (in 2021) to $136.84 B (in 2022).

2021

Verizon Communications’s annual revenue increased +4.15% during fiscal year 2021 compared to 2020. It represents a growth of $5.32 B from $128.29 B (in 2020) to $133.61 B (in 2021).

2020

Verizon Communications’s annual revenue decreased -2.71% during fiscal year 2020 compared to 2019. It represents a decline of $3.58 B from $131.87 B (in 2019) to $128.29 B (in 2020).

2019

Verizon Communications’s annual revenue increased +0.77% during fiscal year 2019 compared to 2018. It represents a growth of $1.01 B from $130.86 B (in 2018) to $131.87 B (in 2019).

2018

Verizon Communications’s annual revenue increased +3.83% during fiscal year 2018 compared to 2017. It represents a growth of $4.83 B from $126.03 B (in 2017) to $130.86 B (in 2018).

2017

Verizon Communications’s annual revenue increased +0.04% during fiscal year 2017 compared to 2016. It represents a growth of $54.00 M from $125.98 B (in 2016) to $126.03 B (in 2017).

2016

Verizon Communications’s annual revenue decreased -4.29% during fiscal year 2016 compared to 2015. It represents a decline of $5.64 B from $131.62 B (in 2015) to $125.98 B (in 2016).

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Verizon Communications Revenue History

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Period Revenue Year-over-Year Change
FY 2025
$138.19 B $3.40 B 2.52%
Q4: Dec 25 $36.38 B $700.00 M 1.96%
Q3: Sep 25 $33.82 B $491.00 M 1.47%
Q2: Jun 25 $34.50 B $1.71 B 5.21%
Q1: Mar 25 $33.49 B $504.00 M 1.53%
FY 2024
$134.79 B $814.00 M 0.61%
Q4: Dec 24 $35.68 B $551.00 M 1.57%
Q3: Sep 24 $33.33 B -$6.00 M 0.02%
Q2: Jun 24 $32.80 B $200.00 M 0.61%
Q1: Mar 24 $32.98 B $69.00 M 0.21%
FY 2023
$133.97 B -$2.86 B 2.09%
Q4: Dec 23 $35.13 B -$121.00 M 0.34%
Q3: Sep 23 $33.34 B -$905.00 M 2.64%
Q2: Jun 23 $32.60 B -$1.19 B 3.53%
Q1: Mar 23 $32.91 B -$642.00 M 1.91%
FY 2022
$136.84 B $3.22 B 2.41%
Q4: Dec 22 $35.25 B $1.18 B 3.48%
Q3: Sep 22 $34.24 B $1.33 B 4.03%
Q2: Jun 22 $33.79 B $25.00 M 0.07%
Q1: Mar 22 $33.55 B $687.00 M 2.09%
FY 2021
$133.61 B $5.32 B 4.15%
Q4: Dec 21 $34.07 B -$625.00 M 1.8%
Q3: Sep 21 $32.92 B $1.37 B 4.35%
Q2: Jun 21 $33.76 B $3.32 B 10.89%
Q1: Mar 21 $32.87 B $1.26 B 3.98%
FY 2020
$128.29 B -$3.58 B 2.71%
Q4: Dec 20 $34.69 B -$83.00 M 0.24%
Q3: Sep 20 $31.54 B -$1.35 B 4.11%
Q2: Jun 20 $30.45 B -$1.62 B 5.06%
Q1: Mar 20 $31.61 B -$518.00 M 1.61%
FY 2019
$131.87 B $1.01 B 0.77%
Q4: Dec 19 $34.78 B $494.00 M 1.44%
Q3: Sep 19 $32.89 B $287.00 M 0.88%
Q2: Jun 19 $32.07 B -$132.00 M 0.41%
Q1: Mar 19 $32.13 B $356.00 M 1.12%
FY 2018
$130.86 B $4.83 B 3.83%
Q4: Dec 18 $34.28 B $326.00 M 0.96%
Q3: Sep 18 $32.61 B $890.00 M 2.81%
Q2: Jun 18 $32.20 B $1.66 B 5.42%
Q1: Mar 18 $31.77 B $1.96 B 6.57%
FY 2017
$126.03 B $54.00 M 0.04%
Q4: Dec 17 $33.96 B $1.62 B 4.99%
Q3: Sep 17 $31.72 B $780.00 M 2.52%
Q2: Jun 17 $30.55 B $16.00 M 0.05%
Q1: Mar 17 $29.81 B -$2.36 B 7.33%
FY 2016
$125.98 B -$5.64 B 4.29%
Q4: Dec 16 $32.34 B -$1.91 B 5.59%
Q3: Sep 16 $30.94 B -$2.22 B 6.7%
Q2: Jun 16 $30.53 B -$1.69 B 5.25%
Q1: Mar 16 $32.17 B $187.00 M 0.58%

Frequently Asked Questions

What is the annual revenue of Verizon Communications?

In fiscal year 2025, Verizon Communications's revenue was $138.19 Billion.

How much did Verizon Communications's revenue change in the last year?

Verizon Communications's revenue increased by +2.52% (+$3.40 Billion) in 2025 compared to 2024.

What is Verizon Communications's most recent quarterly revenue?

In the first quarter (Q1) of 2026, Verizon Communications reported a revenue of $34.44 Billion.

What is Verizon Communications's revenue per share (TTM)?

Verizon Communications's revenue per share over the trailing twelve months is $33.09.

What is Verizon Communications's revenue per employee?

In the fiscal year 2025, Verizon Communications's revenue per employee was $1.54 Million.

What is the annual net income of Verizon Communications?

In fiscal year 2025, Verizon Communications's net income was $17.17 Billion.

What is Verizon Communications's biggest product segment, and what is its revenue?

Verizon Consumer Group is Verizon Communications's biggest product segment, generating $106.81 Billion in revenue for fiscal year 2025.

What is Verizon Communications's net income per employee?

In the fiscal year 2025, Verizon Communications's net income per employee was $191.03 K.

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