Verizon Communications (VZ) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was essentially flat compared to the same period last year, but showed a slight increase from the immediately preceding quarter. The sequential growth reflects a modest uptick in business activity.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was essentially flat compared to the same period last year, but showed a slight increase from the immediately preceding quarter. The sequential growth reflects a modest uptick in business activity.
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
+1.6%
Change from the immediately preceding quarter.
Year-over-year
-0.0%
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 |
|---|---|---|
| Dec 31, 2023 | $35.1B | -0.3% |
| Mar 31, 2024 | $33B | +0.2% |
| Jun 30, 2024 | $32.8B | +0.6% |
| Sep 30, 2024 | $33.3B | -0.0% |
Revenue performance
Revenue increased from the prior quarter, reversing a slight decline seen in the previous sequential period. The improvement was driven by higher service and other revenues, partially offset by lower wireless equipment sales.
Quarterly comparison
Compared to the same quarter a year ago, revenue was virtually unchanged, with a negligible decline. The stability indicates that the company's top line has plateaued over the past year.
What to watch
Despite the sequential improvement, the flat year-over-year trend warrants attention as it may signal persistent headwinds in the wireless equipment segment.