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) Operating margin

Alert me on Operating margin

Telefonica SA's operating margin over the twelve months to 30 June 2026 was 3.78%, up 0.0 percentage points from fiscal 2025 (3.76%). Over the past ten years it has ranged from 3.76% (fiscal 2025) to 34.6% (fiscal 2021) — the current reading is the lowest in ten years. That is below the Telecom Services industry median of 9.22% and above the Communication Services sector median of 0.94%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 3.76% (2.04)
FY2024 5.80% (0.58)
FY2023 6.38% (3.76)
FY2022 10.1% (24.45)
FY2021 34.6% 24.98
FY2020 9.61% 0.24
FY2019 9.37% (4.02)
FY2018 13.4% 0.33
FY2017 13.1% 2.55
FY2016 10.5% 4.37

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 10.8% (2.46)
Mar 2026 13.3% 37.53
Dec 2025 −24.3% (37.87)
Sep 2025 13.6% 2.06
38 more quarters

Against its own ten years

Low 3.76% High 34.6%
Ten-year median 9.61%
Current reading's percentile 6

Operating margin against peers

Company Operating margin
TIGO Millicom International Cellular SA compare 24.0%
CHTR Charter Communications, Inc. compare 23.3%
CHT Chunghwa Telecom Co., Ltd. compare 20.4%
VIV Telefonica Brasil S.A. compare 17.0%
SKM SK Telecom Co., Ltd. compare 7.24%
TELFY Telefonica SA 3.78%
ECHO EchoStar Corporation compare 2.25%
ORANY Orange compare 0.00%
VOD Vodafone Group PLC compare 0.00%
Telecom Services industry median 9.22%
Communication Services sector median 0.94%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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