Direct Answer
GE Vernova reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Product is the largest, with $20.9 billion of revenue (55% of the total), followed by Service at $17.1 billion (45%). 46% of revenue came from the United States.
How Does GE Vernova Make Money?
No single line supplies a majority of revenue: the largest, Product, is 55%, which spreads GE Vernova's exposure across several demand drivers. Between fiscal 2024 and 2025, Product grew fastest (+10.5%) and Service slowest (+7.2%), so the revenue mix tilts toward Product while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Product | $20.9 billion | $19.0 billion | 55.0% | 10.5% |
| Service | $17.1 billion | $16.0 billion | 44.9% | 7.2% |
Where Does GE Vernova's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $17.3 billion | $14.7 billion | 45.6% | 18.1% |
| Europe | $7.6 billion | $8.3 billion | 19.9% | -8.8% |
| Middle East and Africa | $5.4 billion | $4.2 billion | 14.2% | 28.5% |
| Asia | $4.6 billion | $4.7 billion | 12.2% | -1.5% |
| Americas Excluding U.S. | $3.1 billion | $3.0 billion | 8.2% | 2.6% |
What the Segment Figures Do Not Show
The rows above add up to 100% of GE Vernova's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value GE Vernova reported in the segment note and revenue disclosures of its Form 10-K filed January 29, 2026 (accession 0001996810-26-000015), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are GE Vernova's main products and services?
In its fiscal 2025 Form 10-K, GE Vernova reports revenue for Product and Service.
Which part of GE Vernova brings in the most revenue?
Product, with $20.9 billion of revenue in fiscal 2025, or 55% of the total.
How much of GE Vernova's revenue comes from outside the United States?
54% in fiscal 2025, by the geographic breakdown GE Vernova reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.