Verizon Communications Inc. reported a consolidated revenue of $138.2 billion for the fiscal year ending December 31, 2025, marking a 2.5% increase from $134.8 billion in 2024. The company's net income for the year was $17.6 billion, a slight decrease from $17.9 billion in the previous year. The decline in profitability was attributed to increased operational costs, including a significant rise in severance and pension-related expenses, which totaled $1.5 billion. The effective income tax rate for 2025 was 22.3%, up from 21.9% in 2024, primarily due to higher tax benefits from the resolution of various tax matters.
In terms of segment performance, the Verizon Consumer Group generated $106.8 billion in revenue, a 3.8% increase from $102.9 billion in 2024. This growth was driven by a rise in wireless service revenue, which reached $69.4 billion, bolstered by a 26% increase in fixed wireless access (FWA) subscribers. Conversely, the Verizon Business Group reported a revenue decline of 1.6%, totaling $29.1 billion, primarily due to decreased revenues in the Enterprise and Public Sector segment, which fell by 4.8% to $13.5 billion.
Strategically, Verizon completed the acquisition of Frontier Communications on January 20, 2026, for approximately $22.3 billion, which included $9.4 billion in cash and $12.9 billion in assumed debt. This acquisition is expected to enhance Verizon's fiber broadband footprint across 31 U.S. states and Washington D.C. Additionally, on January 30, 2026, Verizon acquired Starry Group Holdings, a fixed wireless broadband provider, to further expand its FWA capabilities.
Operationally, Verizon reported approximately 116 million wireless retail connections, with 83% being postpaid, and 11 million broadband connections, including Fios internet and FWA. The company also experienced a workforce reduction of over 13,000 positions in late 2025 as part of its cost-cutting initiatives. Looking ahead, Verizon anticipates continued revenue growth in its Consumer segment driven by mobility and broadband services, while the Business segment is expected to expand through increased wireless volumes and fiber penetration. The company plans to invest between $16.0 billion and $16.5 billion in capital expenditures in 2026 to support these growth initiatives.
About VERIZON COMMUNICATIONS INC
Verizon Communications Inc. is a leading provider of communications, technology, and streaming services, serving consumers, businesses, and government entities worldwide. Its core segments include Consumer, offering wireless, broadband, and video services, and Business, providing enterprise connectivity, security, IoT, and advanced communication solutions. Verizon leverages extensive networks, including 5G and fiber, to deliver reliable, innovative connectivity and digital services.
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