Revenue of Verizon 2007-2023

In 2023, Verizon Communications generated a total operating revenue of 134 billion U.S. dollars. Verizon is one of the leading mobile operators in the United States, alongside AT&T and T-Mobile US.

Verizon’s revenue streams

With around 100 billion U.S. dollars in annual revenue, wireless services account for 75 percent of Verizon’s total revenue, making it the company’s largest business segment. Within this segment, Verizon provides wireless communications products and services to consumer, business and government customers on a postpaid and prepaid basis in the United States. Verizon’s wireline segment, which has declined over the last eight years, offers video and data services, networking solutions and long-distance voice services, among other services.

Employees at Verizon

Verizon Communications Inc. was founded in 1983 and today employs close to 105.4 thousand people worldwide. This is a lower number compared to previous years. In September 2018, the company had announced a voluntary separation program for certain U.S.-based management employees in order to reduce costs and prepare for the 5G future.