Verizon Communications's Revenue by Segment
In fiscal year 2024, Verizon Communications's revenue by segment (products & services) are as follows:
- Verizon Business Group: $29.53 B
- Verizon Consumer Group: $102.90 B
Learn more about Verizon Communications’s Revenue by Geography
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Explore additional financial metrics for Verizon Communications.
| Business | 31072000000 |
|---|---|
| Consumer | 103506000000 |
| Corporate and Other | 2510000000 |
| Business | 30122000000 |
|---|---|
| Consumer | 101626000000 |
| Corporate and Other | 2479000000 |
| Verizon Business Group | 29531000000 |
|---|---|
| Verizon Consumer Group | 102904000000 |
The above chart shows Verizon Communications's revenue percentage share by segment (products and services).
In fiscal year 2022, Verizon Communications's revenue by segment is as follows:
- Business generated $31.07 B in revenue, representing 22.67% of its total revenue.
- Consumer generated $103.51 B in revenue, representing 75.5% of its total revenue.
- Corporate and Other generated $2.51 B in revenue, representing 1.83% of its total revenue.
The biggest segment for Verizon Communications is the Consumer, which represents 75.5% of its total revenue.
The smallest segment for Verizon Communications is the Corporate and Other, which represents 1.83% of its total revenue.
The above chart shows Verizon Communications's revenue percentage share by segment (products and services).
In fiscal year 2023, Verizon Communications's revenue by segment is as follows:
- Business generated $30.12 B in revenue, representing 22.44% of its total revenue.
- Consumer generated $101.63 B in revenue, representing 75.71% of its total revenue.
- Corporate and Other generated $2.48 B in revenue, representing 1.85% of its total revenue.
The biggest segment for Verizon Communications is the Consumer, which represents 75.71% of its total revenue.
The smallest segment for Verizon Communications is the Corporate and Other, which represents 1.85% of its total revenue.
The above chart shows Verizon Communications's revenue percentage share by segment (products and services).
In fiscal year 2024, Verizon Communications's revenue by segment is as follows:
- Verizon Business Group generated $29.53 B in revenue, representing 22.3% of its total revenue.
- Verizon Consumer Group generated $102.90 B in revenue, representing 77.7% of its total revenue.
The biggest segment for Verizon Communications is the Verizon Consumer Group, which represents 77.7% of its total revenue.
The smallest segment for Verizon Communications is the Verizon Business Group, which represents 22.3% of its total revenue.
Summary Table
| Products & Services (Percent Share) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Consumer | 75.64% | 75.86% | - |
| Business | 22.71% | 22.48% | - |
| Corporate and Other | 1.83% | 1.85% | - |
| Verizon Business Group | - | - | 22.3% |
| Verizon Consumer Group | - | - | 77.7% |
| Total Revenue | 100% | 100% | 100% |
The above chart shows the revenue trend of different segments of Verizon Communications.
In fiscal year 2024, the Verizon Consumer Group generated the most revenue ($102.90 B), and the Verizon Business Group generated the least revenue ($29.53 B).
The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.
Summary Table
| Products & Services | 2022 | 2023 | 2024 |
|---|---|---|---|
| Business | $31.07 B - |
$30.12 B
3.06%
|
- - |
| Consumer | $103.51 B - |
$101.63 B
1.82%
|
- - |
| Corporate and Other | $2.51 B - |
$2.48 B
1.24%
|
- - |
| Eliminations | -$253.00 M - | -$253.00 M - | - - |
| Verizon Business Group | - - | - - | $29.53 B - |
| Verizon Consumer Group | - - | - - | $102.90 B - |
| Total Revenue | $136.84 B - |
$133.97 B
2.09%
|
$132.44 B
1.15%
|
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