Verizon Communications Inc. (VZ) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
VZ's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
VZ Revenue Analysis (2014–2025)
As of March 1, 2026, Verizon Communications Inc. (VZ) generated trailing twelve-month (TTM) revenue of $138.19 billion, reflecting modest growth of +2.0% year-over-year. The most recent quarter (Q4 2025) recorded $36.38 billion in revenue, up 7.6% sequentially.
Looking at the longer-term picture, VZ's 5-year compound annual growth rate (CAGR) stands at +1.5%, indicating moderate growth over time. The company achieved its highest annual revenue of $138.19 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows VZ's business is primarily driven by Verizon Consumer Group (76%), Verizon Business Group (22%), and Corporate And Other (2%). With over half of revenue concentrated in Verizon Consumer Group, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including T (+2.7% YoY), TBB (+2.7% YoY), and AMX (+7.0% YoY), VZ has underperformed the peer group in terms of revenue growth. Compare VZ vs T →
Peer Comparison
Compare VZ's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VZCurrent | $138.2B | +2.0% | +1.5% | 21.2% | |
| T | $125.6B | +2.7% | -6.1% | 19.2% | |
| TBB | $125.6B | +2.7% | -6.1% | 19.2% | |
| AMX | $885.1B | +7.0% | +1.7% | 21.0% | |
| VOD | $37.4B | -18.8% | -3.6% | -1.1% | |
| CHT | $236.1B | +3.3% | +2.6% | 20.6% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $138.19B | +2.5% | $63.08B | 45.6% | $29.26B | 21.2% |
| 2024 | $134.79B | +0.6% | $62.80B | 46.6% | $30.60B | 22.7% |
| 2023 | $133.97B | -2.1% | $61.46B | 45.9% | $28.83B | 21.5% |
| 2022 | $136.84B | +2.4% | $60.60B | 44.3% | $30.47B | 22.3% |
| 2021 | $133.61B | +4.1% | $61.11B | 45.7% | $31.96B | 23.9% |
| 2020 | $128.29B | -2.7% | $60.37B | 47.1% | $29.87B | 23.3% |
| 2019 | $131.87B | +0.8% | $60.46B | 45.8% | $31.03B | 23.5% |
| 2018 | $130.86B | +3.8% | $58.26B | 44.5% | $30.01B | 22.9% |
| 2017 | $126.03B | +0.0% | $57.52B | 45.6% | $26.52B | 21.0% |
| 2016 | $125.98B | -4.3% | $58.63B | 46.5% | $25.91B | 20.6% |
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Start ComparisonFrequently Asked Questions
Is VZ's revenue growth accelerating or slowing?
VZ revenue growth slowed to +2.0%, below the 5-year CAGR of +1.5%. TTM revenue is $138.2B. The deceleration marks a shift from historical growth rates.
What is VZ's long-term revenue growth rate?
Verizon Communications Inc.'s 5-year revenue CAGR of +1.5% reflects the variable expansion pattern. Current YoY growth of +2.0% is near this long-term average.
How is VZ's revenue distributed by segment?
VZ 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.