Verizon's consolidated revenue worldwide 2010-2020, by quarter

In the third quarter of 2020, Verizon Communications’ consolidated revenue reached 31.54 billion U.S. dollars. Since 2013, Verizon's annual operating revenue has exceeded 120 billion U.S. dollars every year and is on pace for that mark in 2020 as well, 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 wireless services, the amounts of which have grown substantially since 2010. This main business segment generated roughly three times the amount of the wireline segment in 2019. Over the past seven years, Verizon and AT&T have been joint wireless carrier market leaders, each holding a share of 30 percent or more of subscriptions in the United States.