The best fiscal year in Verizon’s history was 2021. In 2021, its net income was $133.6 billion. In this blog will briefly discuss Verizon global revenue breakdown.
In the second quarter of 2022, Verizon Business’s overall revenue was $7.6 billion, a 1.8 percent decrease from the prior year.
Verizon global revenue breakdown
Verizon global revenue breakdown by Sectors ( Segments )
| Year | Consumer | Business | Wireless ($m) | Wireline ($m) | Corporate & Other | Eliminations | Total |
| 2013 | $81,023 | $38,624 | $2,113 | -$1,210 | $ 120,550 | ||
| 2014 | $87,646 | $32,793 | $7,731 | -$1,091 | $127,079 | ||
| 2015 | $91,680 | $31,150 | $9,962 | -$1,172 | $131,620 | ||
| 2016 | $89,186 | $30,510 | $7,778 | -$1,494 | $125,980 | ||
| 2017 | $87,511 | $30,680 | $9,387 | -$1,544 | $126,034 | ||
| 2018 | $91,734 | $29,760 | $10,942 | -$1,573 | $130,863 | ||
| 2019 | $91,056 | $31,443 | $9,812 | -$443 | $131,868 | ||
| 2020 | $88,533 | $30,962 | $9,334 | -$537 | $128,292 | ||
| 2021 | $95,300 | $31,042 | $7,722 | -$451 | $133,613 |
Verizon global revenue breakdown 2013 – 2022, Revenue by segment
Previously, the business recorded net revenues of more than $130 billion in both 2018 and 2019. In 2021 compared to the previous year, the company’s sales increased across both the consumer and corporate segments. Net revenue for the consumer group increased 7.6% in 2021 over the previous year. Consumer-related net revenue for Verizon rose to $95,300 million in 2021 from $88,533 million in 2020. On the other hand, the company group’s net revenue increased by just 0.3% in 2021 over 2020. In 2021, the company’s net revenue from the business group increased to $31,042 million from $30,962 million in financial year 2020.
Verizon 2nd Q – 2022 earnings:
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