Verizon Communications Inc. (NYSE:VZ)

The annual revenue data reveals several key trends across different segments over the five-year period.

Service Revenue

Service revenue exhibited a consistent upward trend, increasing from 64,884 million US dollars in 2020 to 76,880 million US dollars in 2024. This steady growth indicates a strengthening core service business, contributing significantly to overall revenue.

Wireless Equipment

Revenue from wireless equipment showed growth from 15,492 million US dollars in 2020, peaking at 23,168 million US dollars in 2022, followed by a decline in 2023 and 2024 to 20,645 million and 19,598 million, respectively. This suggests a possible market saturation or reduced demand in recent years after strong initial growth.

Other Revenue

The 'Other' category displayed a diminishing trend from 7,916 million US dollars in 2020 to 5,898 million in 2023, with a slight rebound to 6,213 million in 2024. The general decrease followed by minor recovery may indicate shifts in ancillary revenue streams or changing business focus.

Verizon Consumer Group

This segment’s revenue consistently climbed from 88,292 million US dollars in 2020 to a high of 103,303 million in 2022, followed by a small decrease to 101,417 million in 2023 and a slight increase to 102,691 million in 2024. The pattern reflects robust consumer group performance with some recent stabilization.

Enterprise and Public Sector

Revenue declined steadily in this segment from 16,767 million US dollars in 2020 to 14,218 million in 2024, signaling potential challenges or reduced activity in the enterprise and public sector markets.

Business Markets and Other

This category showed a moderate but consistent increase from 11,112 million US dollars in 2020 to 13,081 million in 2024, indicating gradual growth in business market engagement.

Wholesale

Wholesale revenues steadily decreased from 3,013 million US dollars in 2020 to 2,196 million in 2024, suggesting contracting wholesale business operations or declining demand.

Verizon Business Group

This segment’s revenue remained relatively stable around the 30,000 million US dollar mark, with minor fluctuations over the period, declining slightly from 30,892 million in 2020 to 29,495 million in 2024. The stability indicates a mature segment with limited growth.

Intersegment Revenues

Intersegment revenues decreased from 311 million in 2020 to 249 million in 2024, which may reflect internal adjustments or reduced internal transactions.

Reportable Segments

Total revenues from reportable segments rose steadily from 119,495 million US dollars in 2020 to 134,578 million in 2022, followed by a slight decline to 131,748 million in 2023 and stabilization at 132,435 million in 2024, highlighting overall segment growth with recent plateauing.

Corporate and Other

Revenues under corporate and other categories dropped sharply from 9,334 million US dollars in 2020 to approximately 2,500 million by 2022, remaining near this lower level through 2024, indicating considerable reduction in these revenues, possibly due to divestitures or reclassifications.

Eliminations and Reconciling Items

These negative values consistently reduced total consolidated figures by approximately 250 to 530 million US dollars, reflecting standard accounting eliminations internal to the reporting entity.

Consolidated Operating Revenues

Overall consolidated operating revenues increased from 128,292 million US dollars in 2020 to a peak of 136,835 million in 2022, with a slight decline to 133,974 million in 2023, followed by a modest recovery to 134,788 million in 2024. This trend mirrors the broader growth and stabilization visible in segmented revenues.

In summary, the data reflects steady growth in core service and consumer segments, some volatility and recent decline in equipment-related and enterprise revenues, and a general trend of stabilization in consolidated revenue after peaking in 2022. The patterns suggest a maturing business with selective growth areas and segment-specific challenges.