The Business StudyHow Verizon makes money
Verizon brought in $138 billion in revenue in 2025 and kept $17.2 billion as profit: $12.43 of every $100. Its biggest source of money was Consumer, at $107 billion (77% of the total).
From Verizon's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.
Out of every $100 Verizon took in, it kept
Where Verizon's money comes from. 2 lines in its 10‑K.
Where the profit comes from. Operating profit by segment.
Operating profit (operating income) by the business segments Verizon reports, before corporate costs not assigned to a segment.
6 years of Verizon's revenue and profit.
Fiscal years as Verizon reports them; the latest ended December 31, 2025. Profit is net income.
Quick answers about Verizon.
How does Verizon make money?
Verizon sells phone plans, home internet and phones to consumers and businesses. The biggest line in its latest 10-K is Consumer ($107 billion).
How much money does Verizon make a year?
$138 billion in revenue in 2025, and $17.2 billion in net profit. That's up 3% from the year before.
Is Verizon profitable?
Yes. Verizon made $17.2 billion in net profit in 2025, which is $12.43 of every $100 it took in.
How many employees does Verizon have?
About 89,900 full-time equivalent employees as of December 31, 2025. That works out to $1.54 million in revenue per employee.
Which part of Verizon makes the most profit?
Consumer, with $29.6 billion in operating profit in 2025.
Is Verizon growing?
Yes. Revenue went from $128 billion in 2020 to $138 billion in 2025, up 8%.
Compare Verizon.
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Verizon vs AT&T
Revenue, profit, margins and employees, round by round.
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T-Mobile vs Verizon
Revenue, profit, margins and employees, round by round.
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Verizon vs AT&T
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CompareSource: Verizon Communications Inc., annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 17, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.