Wholesale — Operating Revenues
Products & Services · Operating RevenuesVerizon Communications Wholesale — Operating Revenues decreased by 2.9% to $465.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 9.2%, from $512.00M to $465.00M. Over 4 years (FY 2021 to FY 2025), Wholesale — Operating Revenues shows a downward trend with a -7.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests successful expansion of wholesale partnerships or higher demand for network capacity from third-party providers, while a decrease may indicate pricing pressure or a shift in carrier strategy toward internal network builds.
Detailed definition
This metric represents the total revenue generated from providing telecommunications services and network access to othe...
Peer comparison
Peers in the telecommunications sector typically report this under wholesale or carrier services revenue, often benchmarking against total network capacity utilization and industry-wide wholesale pricing trends.
vz_segment_wholesale_operating_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $670.00M | $670.00M | $670.00M | $646.00M | $646.00M | $646.00M | $646.00M | $578.25M | $578.25M | $578.25M | $578.25M | $590.00M | $547.00M | $547.00M | $512.00M | $515.00M | $494.00M | $479.00M | $465.00M |
| QoQ Change | — | +0.0% | +0.0% | -3.6% | +0.0% | +0.0% | +0.0% | -10.5% | +0.0% | +0.0% | +0.0% | +2.0% | -7.3% | +0.0% | -6.4% | +0.6% | -4.1% | -3.0% | -2.9% |
| YoY Change | — | — | — | — | -3.6% | -3.6% | -3.6% | -10.5% | -10.5% | -10.5% | -10.5% | +2.0% | -5.4% | -5.4% | -11.5% | -12.7% | -9.7% | -12.4% | -9.2% |
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Frequently Asked Questions
- What is Verizon Communications's wholesale — operating revenues?
- Verizon Communications (VZ) reported wholesale — operating revenues of $465.00M in Q4 2025.
- How has Verizon Communications's wholesale — operating revenues changed year-over-year?
- Verizon Communications's wholesale — operating revenues decreased by 9.2% year-over-year, from $512.00M to $465.00M.
- What is the long-term trend for Verizon Communications's wholesale — operating revenues?
- Over 4 years (2021 to 2025), Verizon Communications's wholesale — operating revenues has grown at a -7.6% compound annual growth rate (CAGR), from $2.68B to $1.95B.
- What does wholesale — operating revenues mean?
- Revenue earned from selling network access and connectivity services to other telecommunications companies and business partners.