VerizonVZEarnings & Financial Report
Verizon Communications Inc., is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146.1 million subscribers as of June 30, 2025.
Revenue
$35.7B
Gross Profit
N/A
Operating Profit
$7.4B
Net Profit
$5.0B
Gross Margin
N/A
Operating Margin
20.8%
Net Margin
14.0%
YoY Growth
1.6%
EPS
$1.18
Verizon Q4 FY2024 Financial Summary
Verizon reported revenue of $35.7B (up 1.6% YoY) for Q4 FY2024, with a net profit of $5.0B (up 285.0% YoY) (14.0% margin).
Key Financial Metrics
| Total Revenue | $35.7B |
|---|---|
| Net Profit | $5.0B |
| Gross Margin | N/A |
| Operating Margin | 20.8% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Verizon Q4 FY2024 revenue of $35.7B breaks down across 5 segments, led by Wireless Service at $16.5B (46.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Wireless Service | $16.5B | 46.3% |
| Products | $7.5B | 21.1% |
| Verizon Business Group Segment | $7.5B | 21.0% |
| Fios Revenues | $2.9B | 8.2% |
| Other | $1.2B | 3.4% |
Verizon Revenue by Segment — Quarterly Trend
Verizon revenue by segment across the last 4 reported quarters, showing how each business line (such as Wireless Service and Products) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Wireless Service | — | $17.4B | $17.4B | $17.4B |
| Products | — | $8.2B | $5.6B | $6.3B |
| Verizon Business Group Segment | — | $7.4B | $7.1B | $7.3B |
| Fios Revenues | — | $2.9B | $2.9B | $2.9B |
| Other | — | — | $682.0M | — |
Verizon Annual Revenue by Year
Verizon annual revenue history includes year-by-year totals (for example, 2025 revenue was $138.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $138.2B |
| 2024 | $134.8B |
Verizon Quarterly Revenue & Net Profit History
Verizon results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $34.4B | +2.9% | $5.1B | 14.9% |
| Q4 FY2025 | $36.4B | +2.0% | $2.3B | 6.4% |
| Q3 FY2025 | $33.8B | +1.5% | $5.0B | 14.6% |
| Q2 FY2025 | $34.5B | +5.2% | $5.0B | 14.5% |
| Q1 FY2025 | $33.5B | +1.5% | $4.9B | 14.6% |
| Q4 FY2024 | $35.7B | +1.6% | $5.0B | 14.0% |
| Q3 FY2024 | $33.3B | -0.0% | $3.3B | 9.9% |
| Q2 FY2024 | $32.8B | +0.6% | $4.6B | 14.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.80B | $33.33B | $35.68B | $33.48B | $34.50B | $33.82B | $36.38B | $34.44B |
| YoY Growth | 0.6% | -0.0% | 1.6% | 1.5% | 5.2% | 1.5% | 2.0% | 2.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $379.15B | $381.16B | $384.71B | $380.36B | $383.29B | $388.33B | $404.26B | $417.88B |
| Liabilities | $281.61B | $283.50B | $284.14B | $278.33B | $278.92B | $281.99B | $298.52B | $313.26B |
| Equity | $97.54B | $97.67B | $100.58B | $102.04B | $104.36B | $106.34B | $105.74B | $104.62B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $9.48B | $9.91B | $10.43B | $7.78B | $8.97B | $11.27B | $9.11B | $7.98B |