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Verizon Communications Inc   (VZ)
Other Ticker:  
 
    Sector  Services    Industry Communications Services
   Industry Communications Services
   Sector  Services
 

VZ's Revenue Growth by Quarter and Year

Verizon Communications Inc 's Revenue results by quarter and year




VZ Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 35,251.00 32,915.00 30,447.00
III Quarter September - 34,241.00 33,764.00 31,610.00
II Quarter June 32,596.00 33,789.00 32,867.00 32,894.00
I Quarter March 32,912.00 33,554.00 31,543.00 32,071.00
FY   65,508.00 136,835.00 131,089.00 127,022.00



VZ Revenue second quarter 2023 Y/Y Growth Comment
Verizon Communications Inc reported decrease in Revenue in the second quarter 2023 by -3.53% to $ 32,596.00 millions, from the same quarter in 2022.
The decrease in the second quarter 2023 Verizon Communications Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 3.85%.

Looking into second quarter 2023 results within Communications Services industry 22 other companies have achieved higher Revenue growth. While Verizon Communications Inc ' s Revenue decline of -3.53% ranks overall at the positon no. 2547 in the second quarter 2023.




VZ Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 7.1 % 8.11 % -5.23 %
III Quarter September - 1.41 % 6.81 % -7.79 %
II Quarter June -3.53 % 2.81 % -0.08 % 0.88 %
I Quarter March -1.91 % 6.38 % -1.65 % -0.41 %
FY   - 4.38 % 3.2 % -3.2 %

Financial Statements
Verizon Communications Inc 's second quarter 2023 Revenue $ 32,596.00 millions VZ's Income Statement
Verizon Communications Inc 's second quarter 2022 Revenue $ 33,789.00 millions Quarterly VZ's Income Statement
New: More VZ's historic Revenue Growth >>


VZ Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 2.95 % -2.51 % -3.68 %
III Quarter September - 1.34 % 2.73 % -3.9 %
II Quarter June -0.96 % 0.7 % 4.2 % 2.57 %
I Quarter March -6.64 % 1.94 % 3.6 % -0.18 %
FY (Year on Year)   - 4.38 % 3.2 % -3.2 %




Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Communications Services Industry #23
Services Sector #380
Overall #2547

Revenue Y/Y Growth Statistics
High Average Low
25.79 % 3.85 % -7.33 %
(Sep. 30, 2006)  
Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Communications Services Industry #23
Services Sector #380
Overall #2547
Revenue Y/Y Growth Statistics
High Average Low
25.79 % 3.85 % -7.33 %
(Sep. 30, 2006)  

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Verizon Communications Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
9.86 % 0.92 % -7.81 %
(March 31, 2006)  


VZ's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Verizon Communications Inc reported decrease in Revenue sequentially by -0.96% to $ 32,596.00 millions, from $ 32,912.00 millions released in the previous quarter.

Even periodic influence were not able to rescue the II. Quarter for the Verizon Communications Inc , Hunter E. Wilson, a business advisor pointed out, he identified additional headwinds onward for VZ and wrote that average sequential Revenue growth is at 0.92% for VZ.

Within Communications Services industry 2 other companies have achieved higher Revenue quarter on quarter growth. While Verizon Communications Inc 's Revenue growth quarter on quarter, overall rank is 352.


Revenue Q/Q Growth Company Ranking
Within: No.
Communications Services Industry #3
Services Sector #59
Overall #352
Revenue Q/Q Growth Company Ranking
Within: No.
Communications Services Industry #3
Services Sector #59
Overall #352
Revenue Q/Q Growth Statistics
High Average Low
9.86 % 0.92 % -7.81 %
(March 31, 2006)  


VZ's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Verizon Communications Inc disclosed decrease in Revenue from the first quarter by -0.96% to $ 32,596.00 millions, from $ 32,912.00 millions released a quarter before.

Some cyclical factors have not rescue the II. Quarter for the Verizon Communications Inc , Hunter E. Wilson, a business advisor said.

Within Communications Services industry 2 other companies have achieved higher Revenue quarter on quarter growth. While Verizon Communications Inc 's Revenue growth quarter on quarter, overall rank is 352.


Verizon Communications Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Revenue 12 Months Ending $ 135,000.00 $ 136,193.00 $ 136,835.00 $ 134,499.00 $ 134,022.00
Y / Y Revenue Growth (TTM) 0.73 % 2.32 % 4.38 % 4.57 % 5.97 %
Year on Year Revenue Growth Overall Ranking # 1910 # 286 # 2351 # 193 # 2369
Seqeuential Revenue Change (TTM) -0.88 % -0.47 % 1.74 % 0.36 % 0.69 %
Seq. Revenue Growth (TTM) Overall Ranking # 2452 # 2485 # 2621 # 2468 # 2495




Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Jun 30 2023 period, Verizon Communications Inc 's cumulative twelve months Revenue were $ 135,000 millions, company would post below average annual Revenue growth of 0.69% year on year, if the fiscal year would end at Jun 30 2023.
A slow-down in the Verizon Communications Inc 's Revenue growth from the 133100% growth in Mar 31 2023.

In the Services sector 269 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 286 to 1910.

Revenue TTM Q/Q Growth Statistics
High Average Low
80.67 %
5.83 %
-6.21 %
(March 31, 2014)  

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Communications Services Industry # 19
Services Sector # 270
Overall # 1910

Revenue TTM Y/Y Growth Statistics
High Average Low
80.67 %
5.83 %
-6.21 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 18
Sector # 339
S&P 500 # 2444
Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Jun 30 2023 period, Verizon Communications Inc 's cumulative twelve months Revenue were $ 135,000 millions, company would post below average annual Revenue growth of -6.21% year on year, if the fiscal year would end at Jun 30 2023.
A slow-down in the Verizon Communications Inc 's Revenue growth from the 133100% growth in Mar 31 2023.

In the Services sector 269 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 286 to 1910.

Revenue TTM Q/Q Growth Statistics
High Average Low
80.67 %
5.83 %
-6.21 %
(March 31, 2014)  


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Communications Services Industry # 19
Services Sector # 270
Overall # 1910

Revenue TTM Y/Y Growth Statistics
High Average Low
80.67 %
5.83 %
-6.21 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 18
Sector # 339
S&P 500 # 2444




Other Revenue Growth
Communications Services Industry Revenue Growth Trends and Statistics
Services Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
VZ's Revenue Growth Ratio versus Communications Services Industry, Services Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for VZ's Competitors
Revenue Growth for Verizon Communications Inc 's Suppliers
Revenue Growth for VZ's Customers

You may also want to know
VZ's Annual Growth Rates VZ's Profitability Ratios VZ's Asset Turnover Ratio VZ's Dividend Growth
VZ's Roe VZ's Valuation Ratios VZ's Financial Strength Ratios VZ's Dividend Payout Ratio
VZ's Roa VZ's Inventory Turnover Ratio VZ's Growth Rates VZ's Dividend Comparisons



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