# VERIZON COMMUNICATIONS INC

Summary updated: 2026-03-18T23:54:45.669276Z
Canonical: https://finbar.com/research/companies/verizon-communications

## Overview

Verizon Communications Inc. is a holding company whose subsidiaries provide communications and connectivity services, along with related technology products, to consumers, businesses, government organizations, first responders and educational institutions. Verizon operates through two main segments, Consumer and Business. Its Consumer segment centers on wireless and wireline communications services and products, including mobile service, fixed wireless access broadband, and residential internet, video and voice offerings through Verizon Fios and other networks. Its Business segment provides wireless and wireline communications services and products including mobility services, wireline broadband, Internet of Things connectivity, advanced communications, corporate networking, voice, security and managed network services for businesses, public sector customers and carriers in the U.S. and selected customers worldwide. Verizon describes its purpose as designing, building and operating networks to provide connectivity and related services that meet the needs of its diverse customer base.[1](https://app.finbar.com/go?id=P-3f904dbd2ddc42018ea583f411ce1717)[2](https://app.finbar.com/go?id=P-8b308b3b25704a89bc28c9686225efb2)[3](https://app.finbar.com/go?id=P-9279e75b84cd42e2ae20cbf4f6bbe9c9)[4](https://app.finbar.com/go?id=P-db33dbe760a9467d84058d9675cd7643)

The company is primarily anchored in the U.S., where it operates a large national wireless network and consumer wireline operations in nine Mid-Atlantic and Northeastern states plus Washington, D.C., but it also maintains a global presence through operator relationships and one of the world’s largest global fiber-optic networks, serving business customers in more than 180 countries. As of December 31, 2025, Verizon reported approximately 147 million wireless retail connections and 14 million broadband connections. It had about 89,900 employees, with 89% based in the U.S., and generated $138.2 billion in consolidated operating revenue in 2025, reflecting its scale as a major communications provider.[2](https://app.finbar.com/go?id=P-8b308b3b25704a89bc28c9686225efb2)[5](https://app.finbar.com/go?id=P-203ec76d3061428184ed631c2a5171c8)[6](https://app.finbar.com/go?id=P-ed7e1a4cb94b4be58781c0462ae612e5)[7](https://app.finbar.com/go?id=P-16d3bf92a6fa4c369d2e698097598e95)
[1](https://app.finbar.com/go?id=P-3f904dbd2ddc42018ea583f411ce1717)[2](https://app.finbar.com/go?id=P-8b308b3b25704a89bc28c9686225efb2)[3](https://app.finbar.com/go?id=P-9279e75b84cd42e2ae20cbf4f6bbe9c9)[4](https://app.finbar.com/go?id=P-db33dbe760a9467d84058d9675cd7643)[5](https://app.finbar.com/go?id=P-203ec76d3061428184ed631c2a5171c8)[6](https://app.finbar.com/go?id=P-ed7e1a4cb94b4be58781c0462ae612e5)[7](https://app.finbar.com/go?id=P-16d3bf92a6fa4c369d2e698097598e95)

## Products & services

Verizon’s product set is centered on wireless connectivity, broadband access and connected-device sales. In consumer wireless, it offers postpaid and prepaid mobile service plans, including customizable plans with add-on “perks,” lower-price plans and special-rate plans, and it sells smartphones, other handsets, tablets, smartwatches and other connected devices, often with device payment plans. Its residential broadband products include fixed wireless access home internet delivered over 5G or 4G LTE, and Verizon Fios, a fiber-based internet, video and voice portfolio delivered over a 100% fiber-optic network in parts of the Mid-Atlantic, Northeast and Washington, D.C.; other residential fixed services include tiered internet access, streaming/OTT video, video-on-demand, DVR, cloud-based services, voice and home solutions.[8](https://app.finbar.com/go?id=P-0963db8d2dfa46e3bee5401ade2f8141)[9](https://app.finbar.com/go?id=P-8ed3215f72964b6ba94653597efc81ba)[10](https://app.finbar.com/go?id=P-fb3fe27c912d44708554fb3336f0c558)[11](https://app.finbar.com/go?id=P-f7660f7f9e05414d83c732735b0c1a6c)[12](https://app.finbar.com/go?id=P-9376f6f5071141abbab0dc94939140f9)[13](https://app.finbar.com/go?id=P-2bde5a54f37d4be18b1a98c5178e3920)

For businesses, Verizon sells wireless and wireline communications products including fixed wireless broadband, data and video services, advanced communications, corporate networking, security, managed network services, local and long-distance voice, and IoT network access; its wholesale products include data, voice, local dial tone and broadband sold mainly to carriers and MVNOs.[14](https://app.finbar.com/go?id=P-ead3acb0c8be4b08b78383c3692f0fd8)[15](https://app.finbar.com/go?id=P-91f940ea9fe64e5db72d515eded142c1)[16](https://app.finbar.com/go?id=P-06375ddf43c345b08e4d3762426e0b41) Verizon describes its technical capabilities as spanning connectivity, internet access, voice, text, linear and streaming video, E911, first-responder solutions and private networking, supported by 5G wireless, fiber-based transport, cloud infrastructure, private networks and IP routing. It states that 5G offers higher throughput and lower latency than 4G LTE, and that its network uses spectrum including C-Band and millimeter wave; Fios is based on Passive Optical Network technology.[17](https://app.finbar.com/go?id=P-36a56197766041939a02e29c65768723)[18](https://app.finbar.com/go?id=P-4ad56d8340744f7f9c4644be264d37b9)[19](https://app.finbar.com/go?id=P-dba4da0f3d674b00b30a27f506cb1f16)[20](https://app.finbar.com/go?id=P-c62900dc2ba248e68e2b3d66f7344816)[21](https://app.finbar.com/go?id=P-81dc26ac1f2c435bb63b50e63e05669b)

In 2024, wireless service revenue was $79.127 billion, or about 58.7% of consolidated operating revenue, while wireless equipment revenue was $23.217 billion, or about 17.2%.[22](https://app.finbar.com/go?id=T-c6cca3693c27405c932f6bcb75866f8a)[23](https://app.finbar.com/go?id=T-35c98300440742f294ddc3750fb964a4)[24](https://app.finbar.com/go?id=T-890ade96d82943848c607c7d844fd855) Verizon does not report a single consolidated wireline product line, but reported Fios revenue of $12.899 billion across consumer and business operations, about 9.6% of consolidated operating revenue.[25](https://app.finbar.com/go?id=T-38d26bd6dca54747837a6283d83d39e2)[23](https://app.finbar.com/go?id=T-35c98300440742f294ddc3750fb964a4)[24](https://app.finbar.com/go?id=T-890ade96d82943848c607c7d844fd855)
[8](https://app.finbar.com/go?id=P-0963db8d2dfa46e3bee5401ade2f8141)[9](https://app.finbar.com/go?id=P-8ed3215f72964b6ba94653597efc81ba)[10](https://app.finbar.com/go?id=P-fb3fe27c912d44708554fb3336f0c558)[11](https://app.finbar.com/go?id=P-f7660f7f9e05414d83c732735b0c1a6c)[12](https://app.finbar.com/go?id=P-9376f6f5071141abbab0dc94939140f9)[13](https://app.finbar.com/go?id=P-2bde5a54f37d4be18b1a98c5178e3920)[14](https://app.finbar.com/go?id=P-ead3acb0c8be4b08b78383c3692f0fd8)[15](https://app.finbar.com/go?id=P-91f940ea9fe64e5db72d515eded142c1)[16](https://app.finbar.com/go?id=P-06375ddf43c345b08e4d3762426e0b41)[17](https://app.finbar.com/go?id=P-36a56197766041939a02e29c65768723)[18](https://app.finbar.com/go?id=P-4ad56d8340744f7f9c4644be264d37b9)[19](https://app.finbar.com/go?id=P-dba4da0f3d674b00b30a27f506cb1f16)[20](https://app.finbar.com/go?id=P-c62900dc2ba248e68e2b3d66f7344816)[21](https://app.finbar.com/go?id=P-81dc26ac1f2c435bb63b50e63e05669b)[22](https://app.finbar.com/go?id=T-c6cca3693c27405c932f6bcb75866f8a)[23](https://app.finbar.com/go?id=T-35c98300440742f294ddc3750fb964a4)[24](https://app.finbar.com/go?id=T-890ade96d82943848c607c7d844fd855)[25](https://app.finbar.com/go?id=T-38d26bd6dca54747837a6283d83d39e2)

## Geographic presence

Verizon’s geographic footprint is predominantly U.S.-based. Its Consumer wireline operations are concentrated in nine states in the Mid-Atlantic and Northeastern U.S. plus Washington, D.C., while its Business segment serves customers across the U.S. and provides a subset of products and services to customers around the world [26](https://app.finbar.com/go?id=T-90b3501f2c8b4d23a45107913dca8b6a).

The company’s principal executive offices are at 1095 Avenue of the Americas, New York, New York 10036, and it maintains facilities throughout the U.S., including administrative and sales offices, customer care centers, retail sales locations, garage work centers, switching centers, cell sites and data centers [27](https://app.finbar.com/go?id=T-be8bfa4e27804aa1b212bfb3675fa0d0)[28](https://app.finbar.com/go?id=P-0db79fc0218e426786cf29f0edbc85eb). As of December 31, 2024, Verizon had approximately 99,600 employees on a full-time equivalent basis, with 88% based in the U.S. [29](https://app.finbar.com/go?id=P-e4c26d1faf8c4115965f49f33c13bcd7).

Geographic financial disclosure is limited, but Verizon reported 2024 income before provision for income taxes of $21.253 billion domestically and $1.726 billion abroad, indicating that the large majority of earnings were generated in the U.S. [30](https://app.finbar.com/go?id=P-80af8d5445f94a1c927b1c22c16b1aad).
[26](https://app.finbar.com/go?id=T-90b3501f2c8b4d23a45107913dca8b6a)[27](https://app.finbar.com/go?id=T-be8bfa4e27804aa1b212bfb3675fa0d0)[28](https://app.finbar.com/go?id=P-0db79fc0218e426786cf29f0edbc85eb)[29](https://app.finbar.com/go?id=P-e4c26d1faf8c4115965f49f33c13bcd7)[30](https://app.finbar.com/go?id=P-80af8d5445f94a1c927b1c22c16b1aad)

## Business segments

Verizon reports two reportable segments: Verizon Consumer Group and Verizon Business Group. Consumer covers consumer-focused wireless and wireline communications products and services, including mobile service, fixed wireless access broadband over 5G/4G LTE, and Fios and legacy wireline services in Verizon’s wireline footprint. Business covers wireless and wireline communications services and products for enterprises, public-sector customers and carriers, including FWA broadband, data, video and advanced communications, networking, security, managed network services, voice and IoT offerings [31](https://app.finbar.com/go?id=P-3ad4293100c14151a0b8a4109b1b23bd)[26](https://app.finbar.com/go?id=T-90b3501f2c8b4d23a45107913dca8b6a). Based on 2024 operating revenue, Consumer contributed about 76% of consolidated revenue ($102.9 billion of $134.8 billion) and Business about 22% ($29.5 billion); the remainder was mainly Corporate and other plus eliminations, with Corporate and other described as a reconciliation category rather than a reportable segment. The mix was similar in 2023, at roughly 76% Consumer and 22% Business [32](https://app.finbar.com/go?id=T-a2c76da4878749a18733f9dfa38ddcd9)[33](https://app.finbar.com/go?id=T-630dd9f7d28645c1b2cd1e710d0e3bbb)[34](https://app.finbar.com/go?id=P-1405cef5b5ec4874b30c87e9fddd9645)[35](https://app.finbar.com/go?id=T-b66502a613b84d229508735ee2614671)[36](https://app.finbar.com/go?id=T-fdd4f4ac459d4326b16d50026dcdad45).

Verizon also gives a more detailed operating-revenue view beneath these reportable segments. Consumer revenue is presented as Service, Wireless equipment and Other; in 2024 these were about 75%, 19% and 6% of Consumer revenue, respectively, making service revenue the dominant Consumer category [37](https://app.finbar.com/go?id=T-9418eeff423a47a99feb19342dccece0). Business is organized into three customer groups: Enterprise and Public Sector, which serves large businesses, governments and educational institutions with wireless products plus wireline connectivity and managed services; Business Markets and Other, which serves smaller business customers with wireless, FWA broadband, equipment, voice, networking, Fios and security services; and Wholesale, which provides wireline communications services to carriers. In 2024 these groups accounted for about 48%, 44% and 8% of Business revenue, respectively [38](https://app.finbar.com/go?id=P-d21a12985c1a4cba9a2297e64c3d65cf)[39](https://app.finbar.com/go?id=P-f0acd81b2dee4ac09d19d2018f6dc349)[40](https://app.finbar.com/go?id=P-e84d106fe4f6461eb3ea055a3aa56378)[41](https://app.finbar.com/go?id=P-25bb243475b94e3892982b4ed6031d26)[15](https://app.finbar.com/go?id=P-91f940ea9fe64e5db72d515eded142c1)[42](https://app.finbar.com/go?id=P-b331667c973348a0aba050ef08661d44)[43](https://app.finbar.com/go?id=P-4bd5c4e84f4a4762aed213f0ff930982)[44](https://app.finbar.com/go?id=P-a26f760ee4af4df681741147b7007fdf)[23](https://app.finbar.com/go?id=T-35c98300440742f294ddc3750fb964a4).
[31](https://app.finbar.com/go?id=P-3ad4293100c14151a0b8a4109b1b23bd)[26](https://app.finbar.com/go?id=T-90b3501f2c8b4d23a45107913dca8b6a)[32](https://app.finbar.com/go?id=T-a2c76da4878749a18733f9dfa38ddcd9)[33](https://app.finbar.com/go?id=T-630dd9f7d28645c1b2cd1e710d0e3bbb)[34](https://app.finbar.com/go?id=P-1405cef5b5ec4874b30c87e9fddd9645)[35](https://app.finbar.com/go?id=T-b66502a613b84d229508735ee2614671)[36](https://app.finbar.com/go?id=T-fdd4f4ac459d4326b16d50026dcdad45)[37](https://app.finbar.com/go?id=T-9418eeff423a47a99feb19342dccece0)[38](https://app.finbar.com/go?id=P-d21a12985c1a4cba9a2297e64c3d65cf)[39](https://app.finbar.com/go?id=P-f0acd81b2dee4ac09d19d2018f6dc349)[40](https://app.finbar.com/go?id=P-e84d106fe4f6461eb3ea055a3aa56378)[41](https://app.finbar.com/go?id=P-25bb243475b94e3892982b4ed6031d26)[15](https://app.finbar.com/go?id=P-91f940ea9fe64e5db72d515eded142c1)[42](https://app.finbar.com/go?id=P-b331667c973348a0aba050ef08661d44)[43](https://app.finbar.com/go?id=P-4bd5c4e84f4a4762aed213f0ff930982)[44](https://app.finbar.com/go?id=P-a26f760ee4af4df681741147b7007fdf)[23](https://app.finbar.com/go?id=T-35c98300440742f294ddc3750fb964a4)

## Company history

Verizon’s roots lie in the 1983 breakup of AT&T, which created Bell Atlantic as one of the regional Bell operating companies. Bell Atlantic then agreed to merge with NYNEX in 1996, and that combination was completed in 1997; Bell Atlantic later merged with GTE on June 30, 2000 to form Verizon Communications Inc. [45](https://www.verizon.com/about/sites/default/files/Major-Events-Overview-0.pdf)[46](https://www.verizon.com/about/news/press-releases/bell-atlantic-and-nynex-agree-merger-equals)[47](https://www.verizon.com/about/sites/default/files/Verizon_Corporate_History.pdf) In 2000, Verizon also established Verizon Wireless through the combination of Bell Atlantic’s and Vodafone AirTouch’s U.S. wireless businesses. [47](https://www.verizon.com/about/sites/default/files/Verizon_Corporate_History.pdf) In the mid-2000s, Verizon began a large-scale fiber build with the rollout of FiOS and broadened its enterprise communications business by completing the acquisition of MCI in 2006. [48](https://www.verizon.com/about/news/press-releases/verizon-historic-first-begins-largescale-rollout-advanced-fiberoptic-technology-keller-texas-deployment-announces-plans-offering-new-services)[49](https://www.verizon.com/about/sites/default/files/worldcom/index.html)

Verizon continued to expand its wireless scale in 2009 with the acquisition of Alltel, and in 2010 Verizon Wireless launched a large-scale 4G LTE network. [50](https://www.verizon.com/about/news/verizon-wireless-completes-purchase-of-alltel-creates-nations-largest-wireless-carrier)[51](https://www.verizon.com/about/news/vzw/2010/12/pr2010-11-30a) A major structural milestone followed in 2014, when Verizon completed the purchase of Vodafone’s stake in Verizon Wireless, giving it full ownership of the business. [52](https://www.verizon.com/about/news/verizon-completes-acquisition-vodafones-ownership-stake-verizon-wireless)[53](https://app.finbar.com/go?id=P-417f72cf64df4fa981e92aa5a4bcc230) Verizon then moved into digital media through the acquisitions of AOL in 2015 and Yahoo’s operating business in 2017, later combining those assets under the Oath brand. [54](https://www.verizon.com/about/news/verizon-completes-acquisition-aol)[55](https://www.verizon.com/about/news/verizon-completes-yahoo-acquisition-creating-diverse-house-50-brands-under-new-oath-subsidiary)[56](https://app.finbar.com/go?id=P-5d283502d17742aea576345e5b2fc6b5)
[53](https://app.finbar.com/go?id=P-417f72cf64df4fa981e92aa5a4bcc230)[56](https://app.finbar.com/go?id=P-5d283502d17742aea576345e5b2fc6b5)[45](https://www.verizon.com/about/sites/default/files/Major-Events-Overview-0.pdf)[46](https://www.verizon.com/about/news/press-releases/bell-atlantic-and-nynex-agree-merger-equals)[47](https://www.verizon.com/about/sites/default/files/Verizon_Corporate_History.pdf)[48](https://www.verizon.com/about/news/press-releases/verizon-historic-first-begins-largescale-rollout-advanced-fiberoptic-technology-keller-texas-deployment-announces-plans-offering-new-services)[49](https://www.verizon.com/about/sites/default/files/worldcom/index.html)[50](https://www.verizon.com/about/news/verizon-wireless-completes-purchase-of-alltel-creates-nations-largest-wireless-carrier)[51](https://www.verizon.com/about/news/vzw/2010/12/pr2010-11-30a)[52](https://www.verizon.com/about/news/verizon-completes-acquisition-vodafones-ownership-stake-verizon-wireless)[54](https://www.verizon.com/about/news/verizon-completes-acquisition-aol)[55](https://www.verizon.com/about/news/verizon-completes-yahoo-acquisition-creating-diverse-house-50-brands-under-new-oath-subsidiary)

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33. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=T-630dd9f7d28645c1b2cd1e710d0e3bbb)
34. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-1405cef5b5ec4874b30c87e9fddd9645)
35. [VERIZON COMMUNICATIONS INC — Full financial report (2023 Y)](https://app.finbar.com/go?id=T-b66502a613b84d229508735ee2614671)
36. [VERIZON COMMUNICATIONS INC — Full financial report (2023 Y)](https://app.finbar.com/go?id=T-fdd4f4ac459d4326b16d50026dcdad45)
37. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=T-9418eeff423a47a99feb19342dccece0)
38. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-d21a12985c1a4cba9a2297e64c3d65cf)
39. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-f0acd81b2dee4ac09d19d2018f6dc349)
40. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-e84d106fe4f6461eb3ea055a3aa56378)
41. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-25bb243475b94e3892982b4ed6031d26)
42. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-b331667c973348a0aba050ef08661d44)
43. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-4bd5c4e84f4a4762aed213f0ff930982)
44. [VERIZON COMMUNICATIONS INC — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-a26f760ee4af4df681741147b7007fdf)
45. [www.verizon.com](https://www.verizon.com/about/sites/default/files/Major-Events-Overview-0.pdf)
46. [www.verizon.com](https://www.verizon.com/about/news/press-releases/bell-atlantic-and-nynex-agree-merger-equals)
47. [www.verizon.com](https://www.verizon.com/about/sites/default/files/Verizon_Corporate_History.pdf)
48. [www.verizon.com](https://www.verizon.com/about/news/press-releases/verizon-historic-first-begins-largescale-rollout-advanced-fiberoptic-technology-keller-texas-deployment-announces-plans-offering-new-services)
49. [www.verizon.com](https://www.verizon.com/about/sites/default/files/worldcom/index.html)
50. [www.verizon.com](https://www.verizon.com/about/news/verizon-wireless-completes-purchase-of-alltel-creates-nations-largest-wireless-carrier)
51. [www.verizon.com](https://www.verizon.com/about/news/vzw/2010/12/pr2010-11-30a)
52. [www.verizon.com](https://www.verizon.com/about/news/verizon-completes-acquisition-vodafones-ownership-stake-verizon-wireless)
53. [VERIZON COMMUNICATIONS INC — Transcript (2014 Y)](https://app.finbar.com/go?id=P-417f72cf64df4fa981e92aa5a4bcc230)
54. [www.verizon.com](https://www.verizon.com/about/news/verizon-completes-acquisition-aol)
55. [www.verizon.com](https://www.verizon.com/about/news/verizon-completes-yahoo-acquisition-creating-diverse-house-50-brands-under-new-oath-subsidiary)
56. [VERIZON COMMUNICATIONS INC — Transcript (2017 Y)](https://app.finbar.com/go?id=P-5d283502d17742aea576345e5b2fc6b5)

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