Verizon Communications Inc. (VZ) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VZ Revenue Growth
Revenue Breakdown (FY 2025)
VZ's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
VZ Revenue Analysis (2014–2025)
As of May 6, 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 (79%), and Verizon Business Group (21%). 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 (+2.9% YoY), TMUS (+9.5% YoY), and LUMN (-6.8% YoY), VZ has underperformed the peer group in terms of revenue growth. Compare VZ vs T →
VZ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VZCurrent | $138.2B | +2.0% | +1.5% | 21.2% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% | |
 FYBR | $5.9B | +4.3% | -6.0% | 5.9% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% |
VZ Historical Revenue Data (2014–2025)
| 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% |
Full VZ Stock Analysis
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Start ComparisonVZ — Frequently Asked Questions
Quick answers to the most common questions about buying VZ stock.
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.