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

3.80 0.08 −2.06%
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) Gross margin

Alert me on Gross margin

Telefonica SA's gross margin over the twelve months to 30 June 2026 was 66.8%, up 1.4 percentage points from fiscal 2025 (65.4%). Over the past ten years it has ranged from 65.4% (fiscal 2025) to 72.7% (fiscal 2015) — the current reading is the lowest in ten years. That is above the Telecom Services industry median of 48.8% and above the Communication Services sector median of 51.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 65.4% (2.22)
FY2024 67.6% 0.33
FY2023 67.3% (0.35)
FY2022 67.6% (1.15)
FY2021 68.8% (1.00)
FY2020 69.8% (2.05)
FY2019 71.8% 0.62
FY2018 71.2% 0.10
FY2017 71.1% 0.41
FY2016 70.7% (1.95)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 28.6% (5.15)
Mar 2026 33.7% (147.56)
Dec 2025 181.3% 150.81
Sep 2025 30.5% 1.49
38 more quarters

Against its own ten years

Low 65.4% High 72.7%
Ten-year median 69.8%
Current reading's percentile 32

Gross margin against peers

Company Gross margin
SKM SK Telecom Co., Ltd. compare 87.6%
TIGO Millicom International Cellular SA compare 76.5%
TELFY Telefonica SA 66.8%
VIV Telefonica Brasil S.A. compare 45.0%
CHTR Charter Communications, Inc. compare 39.9%
CHT Chunghwa Telecom Co., Ltd. compare 36.5%
ECHO EchoStar Corporation compare 32.5%
VOD Vodafone Group PLC compare 32.1%
ORANY Orange compare 16.3%
Telecom Services industry median 48.8%
Communication Services sector median 51.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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