Verizon's consolidated revenue worldwide 2010-2023, by quarter
In the fourth quarter of 2023, Verizon Communications’ consolidated revenue amounted to 35.13 billion U.S. dollars. Since 2013, Verizon's annual operating revenue has consistently exceeded 120 billion U.S. dollars.
Verizon’s place in the market
Verizon is one of the largest players in the United States telecommunications market, along with AT&T and T-Mobile US. The majority of the company’s revenue is generated through its consumer services segment, which generated over three times the revenue of the firm's business segment in 2022. Up until 2018, Verizon and AT&T were joint wireless carrier market leaders, each holding a share of 30 percent or more of subscriptions in the United States. However, since 2018, AT&T's market share has consistently exceeded that of Verizon.