Lumen Technologies, Inc. (LUMN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LUMN Revenue Growth
Revenue Breakdown (FY 2025)
LUMN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
LUMN Revenue Analysis (2014–2025)
As of May 8, 2026, Lumen Technologies, Inc. (LUMN) generated trailing twelve-month (TTM) revenue of $12.12 billion, reflecting moderate decline in growth of -8.9% year-over-year. The most recent quarter (Q1 2026) recorded $2.90 billion in revenue, down 4.7% sequentially.
Looking at the longer-term picture, LUMN's 5-year compound annual growth rate (CAGR) stands at -9.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $23.44 billion in 2018.
Revenue diversification analysis shows LUMN's business is primarily driven by Business Segment (80%), and Mass Market Segment (20%). With over half of revenue concentrated in Business Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including FYBR (+4.3% YoY), OOMA (+6.5% YoY), and ATUS (-4.1% YoY), LUMN has underperformed the peer group in terms of revenue growth. Compare LUMN vs FYBR →
LUMN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LUMNCurrent | $12.1B | -8.9% | -9.7% | -1.5% | |
 FYBR | $5.9B | +4.3% | -6.0% | 5.9% | |
 OOMA | $274M | +6.5% | +10.1% | 1.6% | |
 ATUS | $8.6B | -4.1% | -2.8% | -1.3% | |
 WOW | $631M | -8.7% | -2.8% | 1.0% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% |
LUMN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $12.40B | -5.4% | $5.76B | 46.5% | $-184,000,000 | -1.5% |
| 2024 | $13.11B | -10.0% | $6.41B | 48.9% | $460.0M | 3.5% |
| 2023 | $14.56B | -16.7% | $7.41B | 50.9% | $-9,584,000,000 | -65.8% |
| 2022 | $17.48B | -11.2% | $9.61B | 55.0% | $95.0M | 0.5% |
| 2021 | $19.69B | -4.9% | $11.20B | 56.9% | $4.29B | 21.8% |
| 2020 | $20.71B | -3.5% | $11.78B | 56.9% | $962.0M | 4.6% |
| 2019 | $21.46B | -8.5% | $12.32B | 57.4% | $-2,726,000,000 | -12.7% |
| 2018 | $23.44B | +32.8% | $12.58B | 53.7% | $570.0M | 2.4% |
| 2017 | $17.66B | +1.1% | $9.45B | 53.5% | $2.01B | 11.4% |
| 2016 | $17.47B | -2.4% | $9.70B | 55.5% | $2.33B | 13.3% |
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Start ComparisonLUMN — Frequently Asked Questions
Quick answers to the most common questions about buying LUMN stock.
Is LUMN's revenue growth accelerating or slowing?
LUMN revenue declined -8.9% year-over-year, contrasting with the 5-year CAGR of -9.7%. TTM revenue fell to $12.1B. This reverses the prior growth trend.
What is LUMN's long-term revenue growth rate?
Lumen Technologies, Inc.'s 5-year revenue CAGR of -9.7% reflects the variable expansion pattern. Current YoY growth of -8.9% is below this long-term average.
How is LUMN's revenue distributed by segment?
LUMN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.