Explore Verizon
Core profile pages, annual revenue records, and related research hubs for this company.
Explore Verizon
Core profile pages, annual revenue records, and related research hubs for this company.
Business Model Analysis
Annual Revenue: $138.2B
Verizon makes money from wireless service plans, equipment sales, Fios and fixed wireless broadband, enterprise connectivity, private networks, IoT, managed services, wholesale network access, and value wireless offerings.
T-Mobile has been eating Verizon's lunch on subscriber growth for five years running. Its strategy centers on verizon is focused on 5G monetization, fixed wireless access, fiber expansion, customer retention, premium plans, and network efficiency. Fixed wireless access — using 5G and LTE signals to deliver home internet without a cable — has been growing at over a million subscribers per year and now serves several million homes. These are multi-year contracts with higher margins than consumer wireless but slower growth. Investors buy Verizon for the 6%+ dividend yield, not for growth. Strategic direction: Verizon is focused on 5G monetization, fixed wireless access, fiber expansion, customer retention, premium plans, and network efficiency. Verizon's convergence bet is explicitly a cable defense strategy. At current growth rates, that's a 2028-2029 timeline. That's roughly 1.2% compound annual growth over eight years. What keeps investors around is the dividend. But the payout ratio — dividends as a percentage of free cash flow — has been creeping toward uncomfortable levels as capex demands grow. As Verizon pushes more aggressive device promotions to match T-Mobile, the equipment drag grows. Verizon's growth story comes down to one word: convergence. Seidenberg authorized a fiber-to-the-home buildout that cost billions and covered only select Northeast and Mid-Atlantic markets. It was geographically limited and financially painful, but it showed something about the company's character: when the choice was between protecting legacy economics and building the next network, Verizon would build.
Verizon main business is wireless service, supported by mobile equipment sales, broadband, and enterprise connectivity.
Verizon sells wireless service plans, mobile equipment, Fios, fixed wireless broadband, enterprise connectivity, IoT, and managed services.
Verizon serves consumer wireless users, households, businesses, enterprises, public-sector customers, carriers, and broadband subscribers.
Wireless service revenue, customer additions, churn, device sales, broadband subscriptions, and enterprise network services drive Verizon.