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Verizon Communications Inc

VZNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 11/3021% below fair value
$45.05+0.32 (+0.72%)

Close on Nov 2, 2026Market cap $187.17BP/E 11.5Yield 6.07%

Verizon Communications Business Wholesale Revenue (Through FY2025Q4) by Quarter

Business Wholesale Revenue ($M) (Through FY2025Q4) ($M)

QuarterlyAnnual

Verizon Communications Business Wholesale Revenue (Through FY2025Q4): $466M in Q4 2025, down 10.0% from a year earlier. That is the lowest of the 31 quarters on record here.

Latest, Q4 2025
466
Period ended Dec 31, 2025
Change on a year earlier
-10.0%
518 in Q4 2024
History
31 quarters
Since Q2 2018
Sources
24
Documents cited below

Where the Q4 2025 figure comes from

“Wholesale 594 552 550 518 515 494 479 466”

Source: Verizon 4Q 2025 Financial & Operating Information PDF ↗

Reported in Verizon Form 8-K (EX-99) & Financial and Operating Information (FOI).

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedBusiness Wholesale Revenue ($M) (Through FY2025Q4) ($M)Year on yearSource
Q4 2025Dec 31, 2025466-10.0%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q3 2025Sep 30, 2025479-12.9%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q2 2025Jun 30, 2025494-10.5%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q1 2025Mar 31, 2025515-13.3%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q4 2024Dec 31, 2024518-11.0%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q3 2024Sep 30, 2024550-1.1%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q2 2024Jun 30, 2024552-6.4%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q1 2024Mar 31, 2024594-1.5%Verizon 4Q 2025 Financial & Operating Information PDF ↗
Q4 2023Dec 31, 2023582-12.1%Form 8-K EX-99 (0000732712-25-000003, filed 2025-01-24) ↗
Q3 2023Sep 30, 2023556-15.9%Form 8-K EX-99 (0000732712-24-000062, filed 2024-10-22) ↗
Q2 2023Jun 30, 2023590-6.2%Form 8-K EX-99 (0000732712-24-000049, filed 2024-07-22) ↗
Q1 2023Mar 31, 2023603-7.9%Form 8-K EX-99 (0000732712-24-000025, filed 2024-04-22) ↗
Q4 2022Dec 31, 2022662+1.7%Form 8-K EX-99 (0000732712-24-000007, filed 2024-01-23) ↗
Q3 2022Sep 30, 2022661+1.2%Form 8-K EX-99 (0000732712-23-000060, filed 2023-10-24) ↗
Q2 2022Jun 30, 2022629-6.1%Form 8-K EX-99 (0000732712-23-000051, filed 2023-07-25) ↗
Q1 2022Mar 31, 2022655-12.2%Form 8-K EX-99 (0000732712-23-000026, filed 2023-04-25) ↗

Cite this data

StockData. (2026). Verizon Communications Business Wholesale Revenue (Through FY2025Q4) ($M), quarterly Q2 2018–Q4 2025 [Data set]. Compiled from Verizon Communications SEC filings and investor materials. https://stockdatahq.com/stocks/vz/kpis/vz-bus-wholesale-rev-leg

See every metric in the Verizon Communications KPI table. Data updated Oct 25, 2026.