Friday 30 October 2026 Export VZ’s income statement to Excel — free account

Verizon Communications Inc.

VZ Communication Services Telecom Services

Verizon Communications Inc.’s revenue for fiscal 2025 (year ended December 2025) was $138.2 billion, up 2.52% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 22.0%, free cash flow grew 5.91% and total debt rose 13.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

43.67 0.49 +1.13%

Follow VZ

Alert me

Market cap: $181.0B
P/E: 11.4×
Fwd P/E: 9.9×
Dividend yield: 6.44%
F-score: 4/9
Altman Z: 1.24
Beneish M: −2.69
Dividend safety: 52/100

Overview Business Profile Earnings & Analysis Segments Filings

Verizon Communications Inc. (VZ) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Consumer	106,807	77.29%
Business	29,069	21.04%
Other, not broken out	2,315	1.68%
Gross margin		58.92%
Operating margin		21.17%
Pre-tax margin		16.41%

Revenue by product or service $m

Line	FY2016
Service revenues and other	108,468 86.10%
Wireless equipment	17,512 13.90%
Revenue	125,980

Gross profit by product or service $m, and margin

	FY2016
Service	‡
Wireless equipment	‡
Gross profit	‡
	‡
	‡
	‡
	‡
	‡
	‡
	‡
	‡
	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Consumer	106,807 77.29%	102,904 76.35%	101,626 75.86%	103,506 75.64%	95,300 71.33%	88,533 69.01%	91,056 69.05%	89,762 68.59%	87,054 69.07%	—	—	—	—	—	—	—	—
Business	29,069 21.04%	29,531 21.91%	30,122 22.48%	31,072 22.71%	31,042 23.23%	30,962 24.13%	31,443 23.84%	31,534 24.10%	30,913 24.53%	—	—	—	—	—	—	—	—
Wireless	—	—	—	—	—	—	—	—	—	89,186 70.79%	91,680 69.66%	87,646 68.97%	81,023 67.21%	75,868 65.49%	70,154 63.27%	63,407 59.50%	60,325 55.96%
Wireline	—	—	—	—	—	—	—	—	—	30,510 24.22%	31,150 23.67%	32,793 25.81%	38,624 32.04%	38,945 33.62%	40,682 36.69%	41,227 38.69%	42,451 39.38%
Revenue Generated By Assets Sold	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2,407 2.26%	5,297 4.91%
Other, not broken out	2,315 1.68%	2,353 1.75%	2,226 1.66%	2,257 1.65%	7,271 5.44%	8,797 6.86%	9,369 7.10%	9,567 7.31%	8,067 6.40%	6,284 4.99%	8,790 6.68%	6,640 5.23%	903 0.75%	1,033 0.89%	—	—	—
Reportable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	104,634	102,776
Revenue	138,191	134,788	133,974	136,835	133,613	128,292	131,868	130,863	126,034	125,980	131,620	127,079	120,550	115,846	110,875	106,565	107,808

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Consumer	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Business	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireline	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating Income Generated By Assets Sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating Income Loss Generated By Corporate And Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Consumer Fios internet	Q4 FY2025	7.3M	7.1M	+2.70%
Consumer Fios Internet net additions	Q4 FY2025	65.0K	47.0K	+38.30%
Consumer Fios video	Q4 FY2025	2.4M	2.7M	−9.05%
Consumer fixed wireless access broadband	Q4 FY2025	3.4M	2.7M	+25.53%
Consumer fixed wireless net additions	Q2 FY2026	193.0K	164.0K	+17.68%
Consumer total broadband	Q4 FY2025	10.9M	10.0M	+8.43%
Consumer total wireless retail connections	Q4 FY2025	115.9M	115.3M	+0.56%
Consumer wireless retail postpaid connections	Q2 FY2026	126.6M	94.9M	+33.36%
Consumer wireless retail postpaid gross additions	Q4 FY2025	4.3M	4.3M	−0.72%
Consumer wireless retail postpaid phone net additions	Q2 FY2026	184.0K	−51.0K	+460.78%
Consumer wireless retail postpaid phones	Q2 FY2026	94.1M	74.4M	+26.55%
Consumer wireless retail prepaid connections	Q2 FY2026	19.4M	19.0M	+1.76%
Consumer wireline broadband	Q4 FY2025	7.5M	7.3M	+2.07%
Fiber broadband	Q3 FY2026	11.1M	—	—
Fiber broadband	Q3 FY2026	155.0K	61.0K	+154.10%
Fixed wireless net additions	Q3 FY2026	159.0K	261.0K	−39.08%
Fixed wireless service subscribers	Q3 FY2026	6.4M	5.4M	+17.94%
Postpaid phone net additions	Q3 FY2026	406.0K	—	—
Retail postpaid net additions	Q3 FY2026	231.0K	—	—
Total broadband net additions	Q3 FY2026	314.0K	306.0K	+2.61%
Total broadband subscribers	Q3 FY2026	17.4M	13.2M	+32.10%
Wireless retail	Q2 FY2026	223.0K	112.0K	+99.11%
Wireless retail	Q3 FY2026	147.1M	115.1M	+27.83%
Wireless retail postpaid	Q2 FY2026	188.0K	90.0K	+108.89%
Wireless retail postpaid accounts	Q3 FY2026	34.5M	—	—
Wireless retail postpaid phone	Q4 FY2025	2.7M	2.4M	+10.79%
Wireless retail prepaid	Q2 FY2026	73.0K	50.0K	+46.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Consumer Fios internet	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer Fios Internet net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer Fios video	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer fixed wireless access broadband	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer fixed wireless net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer total broadband	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer total wireless retail connections	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer wireless retail postpaid connections	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer wireless retail postpaid gross additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer wireless retail postpaid phone net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer wireless retail postpaid phones	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer wireless retail prepaid connections	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer wireline broadband	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fiber broadband	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fiber broadband	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed wireless net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed wireless service subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Postpaid phone net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail postpaid net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total broadband net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total broadband subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless retail	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless retail	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless retail postpaid	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless retail postpaid accounts	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless retail postpaid phone	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wireless retail prepaid	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.