Verizon Communications's Revenue
- Verizon Communications's annual revenue was $133.97B in fiscal year 2023. The annual revenue decreased -$2.86B from $136.84B (in 2022) to $133.97B (in 2023), representing a -2.09% year-over-year decline.
- Verizon Communications's quarterly revenue was $33.33B in the quarter ending Sep 2024. The quarterly revenue decreased -$6.00M from $33.34B (in Q3: June 2023) to $33.33B (in Q3: June 2024), representing a -0.02% year-over-year decline.
- The highest annual revenue for Verizon Communications was $136.84B in fiscal year 2022.
- The lowest annual revenue was $125.98B in fiscal year 2016.
- The average revenue was $131.01B.
- 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.
Over the past 10 years (2015 - 2024):
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 :
| 2014 | 127079000000.00 |
|---|---|
| 2015 | 131620000000.00 |
| 2016 | 125980000000.00 |
| 2017 | 126034000000.00 |
| 2018 | 130863000000.00 |
| 2019 | 131868000000.00 |
| 2020 | 128292000000.00 |
| 2021 | 133613000000.00 |
| 2022 | 136835000000.00 |
| 2023 | 133974000000.00 |
| Mar 2015 | 31984000000.00 |
|---|---|
| Jun 2015 | 32224000000.00 |
| Sep 2015 | 33158000000.00 |
| Dec 2015 | 34254000000.00 |
| Mar 2016 | 32171000000.00 |
| Jun 2016 | 30532000000.00 |
| Sep 2016 | 30937000000.00 |
| Dec 2016 | 32340000000.00 |
| Mar 2017 | 29814000000.00 |
| Jun 2017 | 30548000000.00 |
| Sep 2017 | 31717000000.00 |
| Dec 2017 | 33955000000.00 |
| Mar 2018 | 31772000000.00 |
| Jun 2018 | 32203000000.00 |
| Sep 2018 | 32607000000.00 |
| Dec 2018 | 34281000000.00 |
| Mar 2019 | 32128000000.00 |
| Jun 2019 | 32071000000.00 |
| Sep 2019 | 32894000000.00 |
| Dec 2019 | 34775000000.00 |
| Mar 2020 | 31610000000.00 |
| Jun 2020 | 30447000000.00 |
| Sep 2020 | 31543000000.00 |
| Dec 2020 | 34692000000.00 |
| Mar 2021 | 32867000000.00 |
| Jun 2021 | 33764000000.00 |
| Sep 2021 | 32915000000.00 |
| Dec 2021 | 34067000000.00 |
| Mar 2022 | 33554000000.00 |
| Jun 2022 | 33789000000.00 |
| Sep 2022 | 34241000000.00 |
| Dec 2022 | 35251000000.00 |
| Mar 2023 | 32912000000.00 |
| Jun 2023 | 32596000000.00 |
| Sep 2023 | 33336000000.00 |
| Dec 2023 | 35130000000.00 |
| Mar 2024 | 32981000000.00 |
| Jun 2024 | 32796000000.00 |
| Sep 2024 | 33330000000.00 |
2023
Verizon Communications's annual revenue was $133.97B in fiscal year 2023.
Verizon Communications's quarterly revenue was $32.91B(Q1: Mar 2023), $32.60B(Q2: Jun 2023), $33.34B(Q3: Sep 2023), $35.13B(Q4: Dec 2023) in fiscal year 2023.
2022
Verizon Communications's annual revenue was $136.84B in fiscal year 2023.
Verizon Communications's quarterly revenue was $33.55B(Q1: Mar 2022), $33.79B(Q2: Jun 2022), $34.24B(Q3: Sep 2022), $35.25B(Q4: Dec 2022) in fiscal year 2022.
2021
Verizon Communications's annual revenue was $133.61B in fiscal year 2023.
Verizon Communications's quarterly revenue was $32.87B(Q1: Mar 2021), $33.76B(Q2: Jun 2021), $32.92B(Q3: Sep 2021), $34.07B(Q4: Dec 2021) in fiscal year 2021.
2020
Verizon Communications's annual revenue was $128.29B in fiscal year 2023.
Verizon Communications's quarterly revenue was $31.61B(Q1: Mar 2020), $30.45B(Q2: Jun 2020), $31.54B(Q3: Sep 2020), $34.69B(Q4: Dec 2020) in fiscal year 2020.
2019
Verizon Communications's annual revenue was $131.87B in fiscal year 2023.
Verizon Communications's quarterly revenue was $32.13B(Q1: Mar 2019), $32.07B(Q2: Jun 2019), $32.89B(Q3: Sep 2019), $34.78B(Q4: Dec 2019) in fiscal year 2019.
2018
Verizon Communications's annual revenue was $130.86B in fiscal year 2023.
Verizon Communications's quarterly revenue was $31.77B(Q1: Mar 2018), $32.20B(Q2: Jun 2018), $32.61B(Q3: Sep 2018), $34.28B(Q4: Dec 2018) in fiscal year 2018.
2017
Verizon Communications's annual revenue was $126.03B in fiscal year 2023.
Verizon Communications's quarterly revenue was $29.81B(Q1: Mar 2017), $30.55B(Q2: Jun 2017), $31.72B(Q3: Sep 2017), $33.96B(Q4: Dec 2017) in fiscal year 2017.
2016
Verizon Communications's annual revenue was $125.98B in fiscal year 2023.
Verizon Communications's quarterly revenue was $32.17B(Q1: Mar 2016), $30.53B(Q2: Jun 2016), $30.94B(Q3: Sep 2016), $32.34B(Q4: Dec 2016) in fiscal year 2016.
2015
Verizon Communications's annual revenue was $131.62B in fiscal year 2023.
Verizon Communications's quarterly revenue was $31.98B(Q1: Mar 2015), $32.22B(Q2: Jun 2015), $33.16B(Q3: Sep 2015), $34.25B(Q4: Dec 2015) in fiscal year 2015.
| 2014 | 0 |
|---|---|
| 2015 | +3.57 |
| 2016 | -4.29 |
| 2017 | +0.04 |
| 2018 | +3.83 |
| 2019 | +0.77 |
| 2020 | -2.71 |
| 2021 | +4.15 |
| 2022 | +2.41 |
| 2023 | -2.09 |
| Q1: Mar 15 | 3.78 |
|---|---|
| Q2: Jun 15 | 2.35 |
| Q3: Sep 15 | 4.98 |
| Q4: Dec 15 | 3.20 |
| Q1: Mar 16 | 0.58 |
| Q2: Jun 16 | -5.25 |
| Q3: Sep 16 | -6.70 |
| Q4: Dec 16 | -5.59 |
| Q1: Mar 17 | -7.33 |
| Q2: Jun 17 | 0.05 |
| Q3: Sep 17 | 2.52 |
| Q4: Dec 17 | 4.99 |
| Q1: Mar 18 | 6.57 |
| Q2: Jun 18 | 5.42 |
| Q3: Sep 18 | 2.81 |
| Q4: Dec 18 | 0.96 |
| Q1: Mar 19 | 1.12 |
| Q2: Jun 19 | -0.41 |
| Q3: Sep 19 | 0.88 |
| Q4: Dec 19 | 1.44 |
| Q1: Mar 20 | -1.61 |
| Q2: Jun 20 | -5.06 |
| Q3: Sep 20 | -4.11 |
| Q4: Dec 20 | -0.24 |
| Q1: Mar 21 | 3.98 |
| Q2: Jun 21 | 10.89 |
| Q3: Sep 21 | 4.35 |
| Q4: Dec 21 | -1.80 |
| Q1: Mar 22 | 2.09 |
| Q2: Jun 22 | 0.07 |
| Q3: Sep 22 | 4.03 |
| Q4: Dec 22 | 3.48 |
| Q1: Mar 23 | -1.91 |
| Q2: Jun 23 | -3.53 |
| Q3: Sep 23 | -2.64 |
| Q4: Dec 23 | -0.34 |
| Q1: Mar 24 | 0.21 |
| Q2: Jun 24 | 0.61 |
| Q3: Sep 24 | -0.02 |
2023
Verizon Communications’s annual revenue decreased -2.09% during fiscal year 2023 compared to 2022. It represents a decline of -$2.86B from $136.84B (in 2022) to $133.97B (in 2023).
2022
Verizon Communications’s annual revenue increased +2.41% during fiscal year 2022 compared to 2021. It represents a growth of $3.22B from $133.61B (in 2021) to $136.84B (in 2022).
2021
Verizon Communications’s annual revenue increased +4.15% during fiscal year 2021 compared to 2020. It represents a growth of $5.32B from $128.29B (in 2020) to $133.61B (in 2021).
2020
Verizon Communications’s annual revenue decreased -2.71% during fiscal year 2020 compared to 2019. It represents a decline of -$3.58B from $131.87B (in 2019) to $128.29B (in 2020).
2019
Verizon Communications’s annual revenue increased +0.77% during fiscal year 2019 compared to 2018. It represents a growth of $1.01B from $130.86B (in 2018) to $131.87B (in 2019).
2018
Verizon Communications’s annual revenue increased +3.83% during fiscal year 2018 compared to 2017. It represents a growth of $4.83B from $126.03B (in 2017) to $130.86B (in 2018).
2017
Verizon Communications’s annual revenue increased +0.04% during fiscal year 2017 compared to 2016. It represents a growth of $54.00M from $125.98B (in 2016) to $126.03B (in 2017).
2016
Verizon Communications’s annual revenue decreased -4.29% during fiscal year 2016 compared to 2015. It represents a decline of -$5.64B from $131.62B (in 2015) to $125.98B (in 2016).
2015
Verizon Communications’s annual revenue increased +3.57% during fiscal year 2015 compared to 2014. It represents a growth of $4.54B from $127.08B (in 2014) to $131.62B (in 2015).
Summary Table (Annual)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| 2023 | $133.97B | -2.09% |
| 2022 | $136.84B | +2.41% |
| 2021 | $133.61B | +4.15% |
| 2020 | $128.29B | -2.71% |
| 2019 | $131.87B | +0.77% |
| 2018 | $130.86B | +3.83% |
| 2017 | $126.03B | +0.04% |
| 2016 | $125.98B | -4.29% |
| 2015 | $131.62B | +3.57% |
Summary Table (Quarterly)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| Q3: Sep 24 | $33.33B | -0.02% |
| Q2: Jun 24 | $32.80B | 0.61% |
| Q1: Mar 24 | $32.98B | 0.21% |
| Q4: Dec 23 | $35.13B | -0.34% |
| Q3: Sep 23 | $33.34B | -2.64% |
| Q2: Jun 23 | $32.60B | -3.53% |
| Q1: Mar 23 | $32.91B | -1.91% |
| Q4: Dec 22 | $35.25B | 3.48% |
| Q3: Sep 22 | $34.24B | 4.03% |
| Q2: Jun 22 | $33.79B | 0.07% |
| Q1: Mar 22 | $33.55B | 2.09% |
| Q4: Dec 21 | $34.07B | -1.80% |
| Q3: Sep 21 | $32.92B | 4.35% |
| Q2: Jun 21 | $33.76B | 10.89% |
| Q1: Mar 21 | $32.87B | 3.98% |
| Q4: Dec 20 | $34.69B | -0.24% |
| Q3: Sep 20 | $31.54B | -4.11% |
| Q2: Jun 20 | $30.45B | -5.06% |
| Q1: Mar 20 | $31.61B | -1.61% |
| Q4: Dec 19 | $34.78B | 1.44% |
| Q3: Sep 19 | $32.89B | 0.88% |
| Q2: Jun 19 | $32.07B | -0.41% |
| Q1: Mar 19 | $32.13B | 1.12% |
| Q4: Dec 18 | $34.28B | 0.96% |
| Q3: Sep 18 | $32.61B | 2.81% |
| Q2: Jun 18 | $32.20B | 5.42% |
| Q1: Mar 18 | $31.77B | 6.57% |
| Q4: Dec 17 | $33.96B | 4.99% |
| Q3: Sep 17 | $31.72B | 2.52% |
| Q2: Jun 17 | $30.55B | 0.05% |
| Q1: Mar 17 | $29.81B | -7.33% |
| Q4: Dec 16 | $32.34B | -5.59% |
| Q3: Sep 16 | $30.94B | -6.70% |
| Q2: Jun 16 | $30.53B | -5.25% |
| Q1: Mar 16 | $32.17B | 0.58% |
| Q4: Dec 15 | $34.25B | 3.20% |
| Q3: Sep 15 | $33.16B | 4.98% |
| Q2: Jun 15 | $32.22B | 2.35% |
| Q1: Mar 15 | $31.98B | 3.78% |
