Verticillium wilt, caused by Verticillium dahliae Kleb., leads to significant losses in cotton yield and fiber quality worldwide. To investigate Verticillium wilt impact on photosynthesis rate, yield, and fiber quality, six upland cotton genotypes, namely Verticillium susceptible (DP 1612 B2XF) and partially resistant (FM 2484B2F) commercial cultivars and four breeding lines, were grown to maturity under greenhouse conditions in soil either infested or not infested with V. dahliae microsclerotia. Photosynthetic rate, lint, and seed yield were all higher (p < 0.05) for FM 2484B2F than DP 1612 B2XF when infected with V. dahliae. When comparing healthy (H) to Verticillium wilt (VW) affected plants, fiber properties were greatly impacted. Micronaire decreased from 5.0 (H) to 3.6 (VW) with DP 1612 B2XF and 4.4 (H) to 4.1 (VW) with FM 2484B2F. The maturity ratio decreased from 0.90 (H) to 0.83 (VW) for DP 1612 B2XF and was unchanged for FM 2484B2F (0.90). Fiber properties such as short fiber content, nep count, fineness, and immature fiber content were also significantly affected under Verticillium wilt pressure. With Verticillium wilt affected plants, lines 16-13-601V and 17-17-206V performed similarly to FM 2484B2F for photosynthetic rate, yield, and all fiber properties measured. When selecting for improved cultivars in the presence of Verticillium wilt, it is important to select for relatively unchanged fiber properties under disease pressure in addition to reduced disease severity and increased yield.