Verizon Communications (VZ) Revenue — Quarter Ended Sep 30, 2025
Verizon's revenue for the quarter was lower than the prior quarter but higher than the same quarter a year ago. The sequential decline marks a reversal from the growth seen in the previous period.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Verizon's revenue for the quarter was lower than the prior quarter but higher than the same quarter a year ago. The sequential decline marks a reversal from the growth seen in the previous period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$33.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$137.5B
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, 2024 | $35.7B | +1.6% |
| Mar 31, 2025 | $33.5B | +1.5% |
| Jun 30, 2025 | $34.5B | +5.2% |
| Sep 30, 2025 | $33.8B | +1.5% |
Revenue performance
Revenue in the current quarter decreased compared to the immediately preceding quarter, after that quarter had shown an increase from the one before it. Compared with the same quarter one year earlier, revenue was higher.
Quarterly comparison
Against the prior quarter, revenue contracted, breaking a streak of sequential gains. Year-over-year, revenue improved, continuing a pattern of annual growth observed in recent quarters.
What to watch
The sequential revenue decline warrants attention, particularly given the prior quarter's growth and the absence of explanatory context in the filing.