In short
Verizon had about 89,900 employees (full-time equivalent) at 31 December 2025, down from about 99,600 a year earlier and about 105,400 at the end of 2023, according to its 10-Ks. In the fourth quarter of 2025 it announced plans to cut more than 13,000 positions, and says over 80% of those employees left in December 2025. About 89% of staff are based in the U.S.
Sources: Form 10-K for fiscal 2025, Form 10-K for fiscal 2024. Analysis by The Business Engineer.
How we source: the figures in the boxes and charts on this page come from Verizon’s own annual filing, with the period stated next to each number. Data checked 29 October 2026. The original article below may quote earlier periods. Our methodology.
Verizon revenue by segment, FY2025
Segment operating revenue, fiscal 2025, before eliminations; the three lines are parts of total revenue
Consumer$106.8B ยท 77%
Business$29.1B ยท 21%
Corporate and other$2.6B ยท 2%
Verizon revenue, FY2021 to FY2025
Total revenue per fiscal year
FY2021$133.6B
FY2022$136.8B
FY2023$134.0B
FY2024$134.8B
FY2025$138.2B
- In 2018, Verizon had a total of 144,500 employees.
- The company’s employee count decreased to 135,000 in 2019.
- In 2020, Verizon had a total of 132,200 employees.
- The employee count continued to decline in 2021, with a total of 118,400 employees.
- In 2022, Verizon had a total of 117,100 employees.
