Verizon Communications (VZ) Revenue — Quarter Ended Jun 30, 2024
Revenue declined from the prior quarter but rose slightly from the same quarter a year earlier. The sequential decrease follows a modest gain in the preceding three-month period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined from the prior quarter but rose slightly from the same quarter a year earlier. The sequential decrease follows a modest gain in the preceding three-month period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$32.8B
Revenue reported for this quarter.
Quarter-over-quarter
-0.6%
Change from the immediately preceding quarter.
Year-over-year
+0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$134.2B
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 |
|---|---|---|
| Sep 30, 2023 | $33.3B | -2.6% |
| Dec 31, 2023 | $35.1B | -0.3% |
| Mar 31, 2024 | $33B | +0.2% |
| Jun 30, 2024 | $32.8B | +0.6% |
Revenue performance
Total operating revenues were lower than the immediately preceding quarter, reflecting a reversal of the prior quarter's upward movement.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher. The year-ago comparison shows a positive direction, while the sequential comparison shows a decline.
What to watch
Revenue has moved in alternating directions over the past four quarters, warranting attention to the next period's trajectory.