Direct Answer
Verizon reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Verizon Consumer Group is the largest, with $107 billion of revenue (77% of the total), followed by Verizon Business Group at $29.1 billion (21%).
How Does Verizon Make Money?
Verizon Consumer Group supplies 77% of revenue, so Verizon's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Verizon Consumer Group grew fastest (+3.8%) and Verizon Business Group slowest (-1.6%), so the revenue mix tilts toward Verizon Consumer Group while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Verizon Consumer Group | $107 billion | $103 billion | 77.3% | 3.8% |
| Verizon Business Group | $29.1 billion | $29.5 billion | 21.0% | -1.6% |
Which Verizon Segments Earn the Most?
| Segment | FY2025 segment operating income | Segment margin |
|---|---|---|
| Verizon Consumer Group | $29.6 billion | 27.7% |
| Verizon Business Group | $2.5 billion | 8.7% |
Segment operating income is the profit measure Verizon reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Verizon more safely than against another company.
What the Segment Figures Do Not Show
The rows above add up to 98% of Verizon'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 Verizon reported in the segment note and revenue disclosures of its Form 10-K filed February 17, 2026 (accession 0000732712-26-000007), 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 Verizon's business segments?
In its fiscal 2025 Form 10-K, Verizon reports revenue for Verizon Consumer Group and Verizon Business Group.
Which part of Verizon brings in the most revenue?
Verizon Consumer Group, with $107 billion of revenue in fiscal 2025, or 77% of the total.
Where does Verizon report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 17, 2026, alongside management's discussion of each segment's results.