Service Revenues & Other was Verizon Communications’s largest product and service line in fiscal 2025, bringing in $112.72B of $138.19B (82%).
| Product and Service | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service Revenues & Other | $109.63B | $109.65B | $111.57B | $112.72B | ||||||||||
| Service & Other | — | — | — | — | ||||||||||
| Service Revenue | — | — | — | — | ||||||||||
| Service | — | — | — | — | ||||||||||
| Service Revenue Retail Service | — | — | — | — | ||||||||||
| Wireless Equipment | $27.21B | $24.32B | $23.22B | $25.47B | ||||||||||
| Equipment | — | — | — | — | ||||||||||
| Mass Markets | — | — | — | — | ||||||||||
| Mass Markets Consumer Retail | — | — | — | — | ||||||||||
| Global Enterprise | — | — | — | — | ||||||||||
| Small & Medium Business | — | — | — | — | ||||||||||
| Equipment Revenue | — | — | — | — | ||||||||||
| Corporate & Other | — | — | — | — | ||||||||||
| Global Enterprise Strategic Services | — | — | — | — | ||||||||||
| Global Enterprise Core | — | — | — | — | ||||||||||
| Other | — | — | — | — | ||||||||||
| Public Sector & Other | — | — | — | — | ||||||||||
| Global Wholesale | — | — | — | — | ||||||||||
| Other External Operating Non-Service Revenues | — | — | — | — | ||||||||||
| Wholesale | — | — | — | — | ||||||||||
| Other Credit Derivatives | — | — | — | — | ||||||||||
| Revenue Generated By Assets Sold | — | — | — | — | ||||||||||
| Mass Markets Small Business | — | — | — | — | ||||||||||
| Service Revenue Other Service | — | — | — | — | ||||||||||
| Other External Operating Revenues | — | — | — | — | ||||||||||
| Intersegment Revenues | — | — | — | — | ||||||||||
| Operating Results From Divested Businesses | — | — | — | — | ||||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||||
| Corporate, Eliminations & Other | — | — | — | — | ||||||||||
| Eliminations | — | — | — | — | ||||||||||
| Total | $136.84B | $133.97B | $134.79B | $138.19B |
Verizon Communications brought in $138.19B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 2.5% from $134.79B in fiscal 2024. Service Revenues & Other was the largest at $112.72B (81.6%), ahead of Wireless Equipment at $25.47B (18.4%).
Compared with fiscal 2024, Wireless Equipment grew 9.7% to $25.47B and Service Revenues & Other grew 1.0% to $112.72B. From fiscal 2022 to 2025, combined revenue from these lines grew from $136.84B to $138.19B, a compound annual growth rate of 0.3%. Service Revenues & Other's share of the total rose from 80.1% to 81.6%.
Consumer was Verizon Communications’s largest segment in fiscal 2025, bringing in $106.81B of $138.52B (77%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumer | $103.51B | $101.63B | $102.90B | $106.81B | |||||||||||||
| Wireless | — | — | — | — | |||||||||||||
| Verizon Wireless | — | — | — | — | |||||||||||||
| Wireline | — | — | — | — | |||||||||||||
| Business | $31.07B | $30.12B | $29.53B | $29.07B | |||||||||||||
| Corporate & Other | $2.51B | $2.48B | $2.61B | $2.64B | |||||||||||||
| Revenue Generated By Assets Sold | — | — | — | — | |||||||||||||
| Operating Results From Divested Businesses | — | — | — | — | |||||||||||||
| Intersegment Eliminations | $246.00M | $245.00M | $249.00M | $324.00M | |||||||||||||
| Corporate, Eliminations & Other | — | — | — | — | |||||||||||||
| Eliminations | -$253.00M | -$253.00M | -$256.00M | -$327.00M | |||||||||||||
| Total | $137.08B | $134.22B | $135.04B | $138.52B |
Verizon Communications brought in $138.52B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 2.6% from $135.04B in fiscal 2024. Consumer was the largest at $106.81B (77.1%), ahead of Business at $29.07B (21.0%) and Corporate & Other at $2.64B (1.9%). The remaining segment, Intersegment Eliminations, brought in $324.00M.
Compared with fiscal 2024, Consumer grew 3.8% to $106.81B, while Business fell 1.6% to $29.07B. From fiscal 2022 to 2025, combined revenue from these segments grew from $137.08B to $138.52B, a compound annual growth rate of 0.3%. Consumer's share of the total rose from 75.5% to 77.1%.
The total is net of Eliminations, which took $327.00M off revenue in fiscal 2025.
Verizon Communications (VZ) reports its revenue by product and service and by segment. In fiscal 2025, Service Revenues & Other was its largest product and service line, bringing in $112.72B (81.6% of the total), followed by Wireless Equipment at $25.47B (18.4%).
Service Revenues & Other was Verizon Communications' largest product and service line in fiscal 2025, bringing in $112.72B, or 81.6% of the $138.19B total across its two product and service lines.
Consumer was Verizon Communications' largest segment in fiscal 2025, bringing in $106.81B, or 77.1% of the $138.52B total across its five segments.
Wireless Equipment grew faster than Service Revenues & Other in fiscal 2025, up 9.7% from $23.22B to $25.47B. Service Revenues & Other grew 1.0% to $112.72B.
Every figure comes from Verizon Communications' annual financial filings, as reported. Each line keeps the name Verizon Communications gives it, and years follow its fiscal calendar.
Verizon Communications' revenue by product and service goes back to fiscal 2011, 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.