Affiliated Entity was Qwest’s largest revenue line in fiscal 2025, bringing in $12.19B of $19.69B (62%).
| Related and Nonrelated Parties | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Affiliated Entity | $14.60B | $14.99B | $12.19B |
| Nonaffiliate | $10.00B | $8.48B | $7.51B |
| Total | $24.60B | $23.46B | $19.69B |
Qwest brought in $19.69B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 16.1% from $23.46B in fiscal 2024. Affiliated Entity was the largest at $12.19B (61.9%), ahead of Nonaffiliate at $7.51B (38.1%).
Compared with fiscal 2024, Nonaffiliate fell 11.5% to $7.51B and Affiliated Entity fell 18.7% to $12.19B. From fiscal 2023 to 2025, combined revenue from these revenue lines fell from $24.60B to $19.69B, a compound annual decline of 10.5%. Affiliated Entity's share of the total rose from 59.3% to 61.9%.
Affiliate Services was Qwest’s largest product and service line in fiscal 2022, bringing in $20.65B of $58.04B (36%).
| Product and Service | FY 2010 | FY 2011 | FY 2011 | FY 2012 | FY 2013 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Strategic Services | — | — | — | — | ||||||||
| Transport & Infrastructure | — | — | — | — | ||||||||
| Legacy Services | — | — | — | — | ||||||||
| Total Operating Revenues | — | — | — | — | ||||||||
| Affiliate Services | $25.86B | $22.38B | $21.50B | $20.65B | ||||||||
| Fiber Infrastructure | $19.04B | $18.30B | — | — | ||||||||
| Affiliates & Other Services | — | — | — | — | ||||||||
| Voice & Collaboration | — | — | — | — | ||||||||
| Voice & Other | $22.46B | $20.53B | $8.87B | $6.22B | ||||||||
| Other Broadband | — | — | $12.24B | $11.48B | ||||||||
| Harvest | — | — | $10.85B | $10.21B | ||||||||
| Ip & Data Services | $5.11B | $4.61B | — | — | ||||||||
| Nuture | — | — | $4.05B | $3.92B | ||||||||
| Fiber Broadband | — | — | $3.67B | $4.16B | ||||||||
| Regulatory Services | — | — | — | — | ||||||||
| Grow | — | — | $1.38B | $1.42B | ||||||||
| It & Managed Services | — | — | — | — | ||||||||
| Total | $72.47B | $65.82B | $62.56B | $58.04B |
Qwest brought in $58.04B from its seven product and service lines in fiscal 2022, the year ended December 31, 2022. That was down 7.2% from $62.56B in fiscal 2021. Affiliate Services was the largest at $20.65B (35.6%), ahead of Other Broadband at $11.48B (19.8%) and Harvest at $10.21B (17.6%). The other four lines brought in $15.71B combined.
Compared with fiscal 2021, Fiber Broadband grew fastest, up 13.2% to $4.16B, while Voice & Other fell the most, down 29.8% to $6.22B.
Qwest began breaking out Other Broadband in fiscal 2021, Harvest in fiscal 2021, Nuture in fiscal 2021 and Fiber Broadband in fiscal 2021. Qwest stopped reporting Fiber Infrastructure ($18.30B in fiscal 2020) and Ip & Data Services ($4.61B in fiscal 2020) as separate lines.
Qwest (CTGG) reports its revenue by related and nonrelated parties and by product and service. In fiscal 2025, Affiliated Entity was its largest revenue line, bringing in $12.19B (61.9% of the total), followed by Nonaffiliate at $7.51B (38.1%).
Affiliated Entity was Qwest's largest revenue line in fiscal 2025, bringing in $12.19B, or 61.9% of the $19.69B total across its two revenue lines.
Affiliate Services was Qwest's largest product and service line in fiscal 2022, bringing in $20.65B, or 35.6% of the $58.04B total across its seven product and service lines.
Among Qwest's product and service lines that make up at least 2% of revenue, Fiber Broadband grew fastest in fiscal 2022, up 13.2% from $3.67B to $4.16B.
Every figure comes from Qwest's annual financial filings, as reported. Each line keeps the name Qwest gives it, and years follow its fiscal calendar.
Qwest's revenue by related and nonrelated parties goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.