Verizon's consolidated revenue worldwide 2010-2022, by quarter

In the second quarter of 2022, Verizon Communications’ consolidated revenue reached 33.79 billion U.S. dollars. Since 2013, Verizon's annual operating revenue has exceeded 120 billion U.S. dollars every year and achieved this mark in 2020, even despite the coronavirus (COVID-19) pandemic.

Verizon’s place in the market

Verizon is one of the largest players on the United States telecommunications market today, next to companies such as AT&T, T-Mobile US, and Verizon. Most the company’s revenue is generated through its consumer services. This main business segment generated roughly three times the amount of the business segment in 2020. 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 have held on average between ten to 15 percentage points more of the market share than Verizon.