In 2021, Verizon Communications achieved a total operating revenue of about 133.61 billion U.S. dollars. This makes Verizon one of the leading mobile operators in the United States, alongside AT&T and T-Mobile US.
Verizon’s revenue streams
With around 90 billion U.S. dollars in annual revenue, wireless services account for around 70 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. “Corporate and Other” is Verizon’s third and smallest segment. It includes results from subsidiaries (Verizon Media and Verizon Connect) and historical results from divested businesses.
Employees at Verizon
Verizon Communications Inc. was founded in 1983 and today employs close to 145,000 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.
Verizon Communications' operating revenue from 2007 to 2021
(in billion U.S. dollars)
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Verizon. (February 17, 2022). Verizon Communications' operating revenue from 2007 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 27, 2022, from https://www.statista.com/statistics/272173/operating-revenue-of-verizon-worldwide-since-2007/
Verizon. "Verizon Communications' operating revenue from 2007 to 2021 (in billion U.S. dollars)." Chart. February 17, 2022. Statista. Accessed September 27, 2022. https://www.statista.com/statistics/272173/operating-revenue-of-verizon-worldwide-since-2007/
Verizon. (2022). Verizon Communications' operating revenue from 2007 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 27, 2022. https://www.statista.com/statistics/272173/operating-revenue-of-verizon-worldwide-since-2007/
Verizon. "Verizon Communications' Operating Revenue from 2007 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Feb 2022, https://www.statista.com/statistics/272173/operating-revenue-of-verizon-worldwide-since-2007/
Verizon, Verizon Communications' operating revenue from 2007 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/272173/operating-revenue-of-verizon-worldwide-since-2007/ (last visited September 27, 2022)
