Telefonica SA

TELFY Communication Services Telecom Services

Telefonica SA’s revenue for fiscal 2025 (year ended December 2025) was $39.7 billion, down 11.1% from fiscal 2024.

Revenue
−5.45%
EPS
+100.0%
Free cash flow
−124.8%
Total debt
−6.89%

Quarter to June 2026, against a year earlier

3.73 0.07 −1.84%
Market cap
$21.5B
P/E
0.0×
Fwd P/E
10.8×
Dividend yield
9.15%
F-score
4/9
Altman Z
0.81
Beneish M
−3.16
Dividend safety
25/100

Telefonica SA (TELFY) Debt to equity

Alert me on Debt to equity

Telefonica SA's debt to equity at the end of the quarter to 30 June 2026 was 1.8×, down 0.1× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 1.2× (fiscal 2022) to 2.8× (fiscal 2020); the current reading is higher than 45% of that period. That is above the Telecom Services industry median of 0.6× and above the Communication Services sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.9× 13.11%
FY2024 1.7× 24.64%
FY2023 1.4× 10.98%
FY2022 1.2× (16.41%)
FY2021 1.5× (46.60%)
FY2020 2.8× 34.20%
FY2019 2.1× 1.48%
FY2018 2.0× (3.19%)
FY2017 2.1× (1.51%)
FY2016 2.1× (2.45%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.8× (1.49%)
Mar 2026 1.9× (2.93%)
Dec 2025 1.9× 16.91%
Sep 2025 1.6× (6.88%)
39 more quarters

Against its own ten years

Low 1.2× High 2.8×
Ten-year median 2.0×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
CHT Chunghwa Telecom Co., Ltd. compare 0.1×
VIV Telefonica Brasil S.A. compare 0.3×
SKM SK Telecom Co., Ltd. compare 0.6×
ECHO EchoStar Corporation compare 0.6×
VOD Vodafone Group PLC compare 1.0×
ORANY Orange compare 1.4×
TELFY Telefonica SA 1.8×
TIGO Millicom International Cellular SA compare 3.5×
CHTR Charter Communications, Inc. compare 4.4×
Telecom Services industry median 0.6×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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