Recurring was Veralto’s largest segment in fiscal 2025, bringing in $1.97B of $3.32B (59%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Recurring | $1.66B | $1.73B | $1.85B | $1.97B | |
| Nonrecurring | $1.22B | $1.31B | $1.29B | $1.36B | |
| Total | $2.89B | $3.04B | $3.14B | $3.32B |
Veralto brought in $3.32B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 5.8% from $3.14B in fiscal 2024. Recurring was the largest at $1.97B (59.2%), ahead of Nonrecurring at $1.36B (40.8%).
Compared with fiscal 2024, Recurring grew 6.5% to $1.97B and Nonrecurring grew 4.9% to $1.36B. From fiscal 2022 to 2025, combined revenue from these segments grew from $2.89B to $3.32B, a compound annual growth rate of 4.8%. Recurring's share of the total rose from 57.6% to 59.2%.
Water Quality was Veralto’s largest segment in fiscal 2025, bringing in $1.90B of $2.64B (72%).
| Statement Business Segments | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Water Quality | $1.59B | $1.69B | $1.80B | $1.90B | |
| Product Quality Innovation | $698.00M | $686.00M | $713.00M | $744.00M | |
| Total | $2.29B | $2.38B | $2.52B | $2.64B |
Veralto brought in $2.64B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $3.32B it reports by segment, so these segments do not cover all of its revenue. Water Quality was the largest at $1.90B (71.8%), ahead of Product Quality Innovation at $744.00M (28.2%).
Compared with fiscal 2024, Water Quality grew 5.0% to $1.90B and Product Quality Innovation grew 4.3% to $744.00M.
Veralto (VLTO) reports its revenue by segment and by statement business segments. In fiscal 2025, Recurring was its largest segment, bringing in $1.97B (59.2% of the total), followed by Nonrecurring at $1.36B (40.8%).
Recurring was Veralto's largest segment in fiscal 2025, bringing in $1.97B, or 59.2% of the $3.32B total across its two segments.
Recurring grew faster than Nonrecurring in fiscal 2025, up 6.5% from $1.85B to $1.97B. Nonrecurring grew 4.9% to $1.36B.
Every figure comes from Veralto's annual financial filings, as reported. Each line keeps the name Veralto gives it, and years follow its fiscal calendar.
Veralto's revenue by segment goes back to fiscal 2021, 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.