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Verizon Communications Inc   (NYSE: 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 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 35,130.00 35,251.00 32,915.00
III Quarter September 33,330.00 33,336.00 34,241.00 33,764.00
II Quarter June 32,796.00 32,596.00 33,789.00 32,867.00
I Quarter March 32,981.00 32,912.00 33,554.00 31,543.00
FY   99,107.00 133,974.00 136,835.00 131,089.00



VZ Revenue third quarter 2024 Y/Y Growth Comment
Verizon Communications Inc reported decrease in Revenue in the third quarter 2024 by -0.02% to $ 33,330.00 millions, from the same quarter in 2023.
The decrease in the third quarter 2024 Verizon Communications Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 3.57%.

Looking into third quarter 2024 results within Communications Services industry 14 other companies have achieved higher Revenue growth. While Verizon Communications Inc ' s Revenue decline of -0.02% ranks overall at the positon no. 2184 in the third quarter 2024.




VZ Revenue ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - -0.34 % 7.1 % 8.11 %
III Quarter September -0.02 % -2.64 % 1.41 % 6.81 %
II Quarter June 0.61 % -3.53 % 2.81 % -0.08 %
I Quarter March 0.21 % -1.91 % 6.38 % -1.65 %
FY   - -2.09 % 4.38 % 3.2 %

Financial Statements
Verizon Communications Inc 's third quarter 2024 Revenue $ 33,330.00 millions VZ's Income Statement
Verizon Communications Inc 's third quarter 2023 Revenue $ 33,336.00 millions Quarterly VZ's Income Statement


VZ Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - 5.38 % 2.95 % -2.51 %
III Quarter September 1.63 % 2.27 % 1.34 % 2.73 %
II Quarter June -0.56 % -0.96 % 0.7 % 4.2 %
I Quarter March -6.12 % -6.64 % 1.94 % 3.6 %
FY (Year on Year)   - -2.09 % 4.38 % 3.2 %




Revenue third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Communications Services Industry #15
Services Sector #306
Overall #2184

Revenue Y/Y Growth Statistics
High Average Low
25.79 % 3.57 % -7.33 %
(Sep. 30, 2006)  
Revenue third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Communications Services Industry #15
Services Sector #306
Overall #2184
Revenue Y/Y Growth Statistics
High Average Low
25.79 % 3.57 % -7.33 %
(Sep. 30, 2006)  

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Verizon Communications Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
9.86 % 0.89 % -7.81 %
(March 31, 2006)  


VZ's III. Quarter Q/Q Revenue Comment
Verizon Communications Inc achieved in the III. Quarter 2024 above company average sequential Revenue growth of 1.63%, to $ 33,330.00 millions, from $32,796.00 millions in the second quarter.

Within Communications Services industry Verizon Communications Inc achieved highest sequential Revenue growth. While Verizon Communications Inc 's Revenue growth quarter on quarter, overall rank is 126.


Revenue Q/Q Growth Company Ranking
Within: No.
Communications Services Industry #1
Services Sector #19
Overall #126
Revenue Q/Q Growth Company Ranking
Within: No.
Communications Services Industry #1
Services Sector #19
Overall #126
Revenue Q/Q Growth Statistics
High Average Low
9.86 % 0.89 % -7.81 %
(March 31, 2006)  


VZ's III. Quarter Q/Q Revenue Comment
Verizon Communications Inc achieved in the III. Quarter 2024 above company average sequential Revenue growth of 1.63%, to $ 33,330.00 millions, from $32,796.00 millions in the second quarter.

Within Communications Services industry Verizon Communications Inc achieved highest sequential Revenue growth. While Verizon Communications Inc 's Revenue growth quarter on quarter, overall rank is 126.


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


Revenue TTM Growth

12 Months Ending
(Sep 30 2024)
12 Months Ending
(Jun 30 2024)
12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
Cumulative Revenue 12 Months Ending $ 134,237.00 $ 134,243.00 $ 134,043.00 $ 133,974.00 $ 134,095.00
Y / Y Revenue Growth (TTM) 0.11 % -0.56 % -1.58 % -2.09 % -0.3 %
Year on Year Revenue Growth Overall Ranking # 1108 # 1583 # 107 # 239 # 1816
Seqeuential Revenue Change (TTM) -0 % 0.15 % 0.05 % -0.09 % -0.67 %
Seq. Revenue Growth (TTM) Overall Ranking # 1125 # 1728 # 119 # 1405 # 2182


Cumulative Revenue growth Comment
Although Verizon Communications Inc 's Annual Revenue growth year on year were below company's average 5.37% , Revenue announced in the Sep 30 2024 period, show improvement in Revenue trend, to cumulative trailing twelve month growth of 0.11% year on year, from -0.56% in Jun 30 2024.

In the Services sector 160 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1108, from total ranking in previous quarter at 1583.

Revenue TTM Q/Q Growth Statistics
High Average Low
80.67 %
5.37 %
-6.21 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Communications Services Industry # 9
Services Sector # 161
Overall # 1108

Revenue TTM Y/Y Growth Statistics
High Average Low
80.67 %
5.37 %
-6.21 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 9
Sector # 163
S&P 500 # 1125
Cumulative Revenue growth Comment
Although Verizon Communications Inc 's Annual Revenue growth year on year were below company's average 5.37% , Revenue announced in the Sep 30 2024 period, show improvement in Revenue trend, to cumulative trailing twelve month growth of 0.11% year on year, from -0.56% in Jun 30 2024.

In the Services sector 160 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1108, from total ranking in previous quarter at 1583.

Revenue TTM Q/Q Growth Statistics
High Average Low
80.67 %
5.37 %
-6.21 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Communications Services Industry # 9
Services Sector # 161
Overall # 1108

Revenue TTM Y/Y Growth Statistics
High Average Low
80.67 %
5.37 %
-6.21 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 9
Sector # 163
S&P 500 # 1125




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



Companies with similar Revenue growth for the quarter ending Sep 30 2024 within Services SectorY/Y Change %Revenue for the quarter ending Sep 30 2024
Verizon Communications Inc -0.02%$ -0.018 millions
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Broadridge Financial Solutions Inc -0.57%$ -0.573 millions
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Castellum Inc -1.13%$ -1.128 millions
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American Well Corporation-1.41%$ -1.415 millions
Wyndham Hotels and Resorts inc -1.49%$ -1.493 millions
Spok Holdings Inc -1.58%$ -1.575 millions
Innovative Industrial Properties inc -1.67%$ -1.670 millions
Deluxe Corporation-1.75%$ -1.748 millions
Marchex Inc -1.76%$ -1.761 millions
Cumulus Media Inc -1.84%$ -1.842 millions
Interpublic Group Of Companies Inc -1.86%$ -1.856 millions
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