---
title: "Vertiv: Business Model & Revenue Engine"
description: "Vertiv revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/vertiv/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Vertiv: Business Model & Revenue Engine

## Direct Answer

Vertiv reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Americas is the largest, with $6.4 billion of revenue (63% of the total), followed by EMEA at $2.4 billion (23%). 59% of revenue came from the United States.

## How Does Vertiv Make Money?

Americas supplies 63% of revenue, so Vertiv's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Americas grew fastest (+42.7%) and EMEA slowest (+2.8%), so the revenue mix tilts toward Americas while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Americas | $6.4 billion | $4.5 billion | 62.8% | 42.7% |
| EMEA | $2.4 billion | $2.3 billion | 23.3% | 2.8% |
| Asia Pacific | $2.0 billion | $1.9 billion | 19.7% | 7.5% |

![Bar chart of Vertiv revenue by segment for fiscal 2025: Americas 62.8%, EMEA 23.3%, Asia Pacific 19.7%.](https://www.getswoopr.com/images/charts/vertiv-business-model-segment-mix.webp)
*Vertiv revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Which Vertiv Segments Earn the Most?

| Segment | FY2025 segment operating income | Segment margin |
| --- | --- | --- |
| Americas | $1.7 billion | 26.7% |
| EMEA | $377 million | 15.8% |
| Asia Pacific | $222 million | 11.0% |

Segment operating income is the profit measure Vertiv 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 Vertiv more safely than against another company.

## Where Does Vertiv'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 | $6.0 billion | $4.1 billion | 58.8% | 47.2% |
| Asia | $2.0 billion | $1.7 billion | 19.7% | 18.7% |
| Europe | $1.5 billion | $1.5 billion | 14.4% | -3.2% |
| Latin America and Canada | $437 million | $427 million | 4.3% | 2.3% |
| Middle East and Africa | $285 million | $274 million | 2.8% | 3.8% |

## What the Segment Figures Do Not Show

The rows above add up to 106% of Vertiv'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 Vertiv reported in the segment note and revenue disclosures of its Form 10-K filed February 13, 2026 (accession 0001674101-26-000008), 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 Vertiv's business segments?

In its fiscal 2025 Form 10-K, Vertiv reports revenue for Americas, EMEA and Asia Pacific.

### Which part of Vertiv brings in the most revenue?

Americas, with $6.4 billion of revenue in fiscal 2025, or 63% of the total.

### How much of Vertiv's revenue comes from outside the United States?

41% in fiscal 2025, by the geographic breakdown Vertiv 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.

## References

- [SEC EDGAR: Vertiv Holdings Co Form 10-K filed February 13, 2026](https://www.sec.gov/Archives/edgar/data/1674101/000167410126000008/vrt-20251231.htm)
- [SEC EDGAR: Vertiv Holdings Co annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1674101&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Vertiv company dossier](https://www.getswoopr.com/stocks/companies/vertiv/)
- [Vertiv financial metrics](https://www.getswoopr.com/stocks/companies/vertiv/metrics/)
- [Vertiv financial risk indicators](https://www.getswoopr.com/stocks/companies/vertiv/risks/)
- [Vertiv peer comparison](https://www.getswoopr.com/stocks/companies/vertiv/competitors/)
- [Vertiv business model and revenue mix](https://www.getswoopr.com/stocks/companies/vertiv/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).