Verizon Communications (VZ) Revenue — Quarter Ended Sep 30, 2023
Revenue rose in the current quarter compared with the prior quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue rose in the current quarter compared with the prior quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$33.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.3%
Change from the immediately preceding quarter.
Year-over-year
-2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$134.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $35.3B | +3.5% |
| Mar 31, 2023 | $32.9B | -1.9% |
| Jun 30, 2023 | $32.6B | -3.5% |
| Sep 30, 2023 | $33.3B | -2.6% |
Revenue performance
The reported revenue direction was upward from the immediately preceding quarter but downward from the same quarter a year ago.
Quarterly comparison
Compared with the prior quarter, revenue increased; compared with the same quarter last year, revenue decreased.
What to watch
The filing provides no contextual explanation for the reported revenue movements.