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Verizon Communications VZ Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Operating Revenues by Business
Business$29.2B-0.8%$29.07B-1.6%$29.21B-1.5%$29.42B-1.4%$29.44B-1.9%
Consumer$107.64B+4.0%$106.81B+3.8%$105.93B+3.6%$105.19B+2.9%$103.47B+1.6%
Cost of services and wireless equipment by Product
Service$28.01B+0.1%$27.79B-0.7%$27.62B-1.4%$27.95B+0.2%$27.98B0.0%
Wireless equipment$29.38B+11.7%$28.98B+11.0%$28.18B+9.4%$27.74B+6.5%$26.3B+0.1%

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Questions, answered.

How does Verizon Communications break its business down?
Verizon Communications (VZ) reports operating revenues by business across 2 parts — Business and Consumer. Each is extracted from the segment footnotes and tracked over time.
Where does Verizon Communications's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Verizon Communications's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.