Saturday 17 October 2026 Export TELFY’s income statement to Excel — free account

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. In the quarter to June 2026, revenue fell 5.45%, EPS grew 100.0%, free cash flow fell 124.8% and total debt fell 6.89%, each against the same quarter a year earlier.

3.79 0.12 +3.27%

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Market cap: $21.5B
P/E: 0.0×
Fwd P/E: 10.6×
Dividend yield: 9.18%
F-score: 4/9
Altman Z: 0.81
Beneish M: −3.16
Dividend safety: 25/100

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 21,480.00

Revenue 39,314.47

Net Income 0.00

Free Cash Flow 1,786.48

Net Debt 30,772.02

Current Ratio 0.92

Debt/Equity 1.84

P/E ratio 0.00

Fwd P/E 10.60

P/S ratio 0.54

P/B ratio 1.00

Past 5Y EPS Growth —

This Y EPS Growth 626.93%

Next Y EPS Growth 21.19%

Next Y revenue growth (5.46%)

Next 5Y EPS Growth (0.74%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 23.85%

10-year low 10-year high

P/B against its own 10 years 29.52%

10-year low 10-year high

EV/Sales against its own 10 years 34.02%

10-year low 10-year high

EV/FCF against its own 10 years 90.22%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.35

Annual Dividend Yield 9.18%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.17	0.17
2025	0.35	0.17 0.17
2024	0.32	0.16 0.16
2023	0.33	0.16 0.16
2022	0.32	0.16 0.16
2021	0.40	0.24 0.17
2020	0.46	0.22 0.24
2019	0.45	0.23 0.22
2018	0.46	0.23 0.23
2017	0.46	0.22 0.24
2016	0.81	0.45 0.36

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8,906	10,672	8,411	8,494
Receivables	12,257	12,352	11,913	12,525
Inventory	1,005	1,032	975	1,037
Other	—	—	—	—
	22,464	24,205	24,896	23,061

	2023	2024	2025	Q'26
Payables	15,106	15,805	14,643	13,663
ST’ Debt	4,006	6,049	4,773	4,910
Other	1,727	1,802	2,149	2,502
	25,325	27,847	28,101	25,053

Compound Annual Growth %

	10y	5y	3y
Sales	(2.73%)	(4.19%)	(1.94%)
Cash Flow	(3.13%)	(6.11%)	(3.90%)
Earnings	0.00%	0.00%	0.00%
Book Value	(4.09%)	(0.69%)	(15.51%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	9,848	9,610	—	—	—
’25	9,714	10,163	10,471	9,386	39,735
’24	11,009	11,345	11,021	11,332	44,707
’23	10,782	11,049	11,233	10,933	43,998
’22	10,560	10,685	10,417	10,475	42,137
’21	12,466	11,863	10,964	10,993	46,469
’20	12,952	11,726	12,228	12,301	49,206

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,723	2,457	—	—	—
’25	1,935	3,111	2,503	3,451	10,999
’24	2,402	2,552	2,875	4,067	11,897
’23	2,470	3,297	3,199	3,641	12,608
’22	2,248	2,795	2,609	4,741	12,394
’21	3,082	3,078	2,736	3,095	12,148
’20	2,492	3,330	4,596	4,655	15,074

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,723	(171)	—	—	—
’25	1,935	688	856	1,800	5,280
’24	740	971	1,638	2,573	5,922
’23	965	1,485	1,607	2,218	6,275
’22	1,009	1,233	1,362	2,986	6,590
’21	448	1,434	948	3,095	4,855
’20	563	1,414	4,596	(3,364)	7,055

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.11)	0.00	—	—	—
’25	(0.25)	(0.02)	0.06	(0.68)	(0.92)
’24	0.09	0.08	(0.01)	(0.20)	(0.06)
’23	0.07	0.08	0.09	(0.42)	(0.22)
’22	0.14	0.05	0.07	0.08	0.33
’21	0.18	1.65	0.14	(0.25)	1.63
’20	0.07	0.08	(0.05)	0.19	0.27

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.15	9.15	7.70	6.50	3.22	4.05	3.10	3.60	3.82	3.89	Analyst estimates 2026–2028 Powerpack
	High	11.43	11.64	10.57	9.01	7.11	5.17	5.39	4.53	4.93	5.72
People
People	Employees	132,120	122,718	120,138	113,819	112,797	104,150	103,651	104,142	100,870	82,655
	Revenue/emp, $m	0.44	0.48	0.48	0.48	0.44	0.45	0.41	0.42	0.44	0.48
Income, $m
Income, $m	Revenue	57,583	58,785	57,506	54,233	49,206	46,469	42,137	43,998	44,707	39,735
	Gross margin, %	70.71	71.12	71.22	71.84	69.79	68.79	67.64	67.29	67.62	65.40
	EBT	3,591	5,196	6,579	3,044	2,951	14,310	3,119	(1,594)	603	(1,587)
	EBT margin, %	6.24	8.84	11.44	5.61	6.00	30.79	7.40	(3.62)	1.35	(3.99)
	Net income	—	—	—	—	—	—	—	—	—	—
	Depreciation	—	—	—	—	—	—	—	—	—	—
Per share, $
Per share, $	Revenue	11.38	11.50	11.22	10.59	8.99	8.11	7.34	7.76	7.93	7.05
	Earnings	0.46	0.63	0.67	0.19	0.27	1.63	0.33	(0.22)	(0.06)	(0.92)
	Cash flow	2.92	3.05	3.09	3.29	2.76	2.12	2.16	2.22	2.11	1.95
	Capex	(2.01)	(1.99)	(1.98)	(1.68)	(1.47)	(1.27)	(1.01)	(1.12)	(1.06)	(1.01)
	Free cash flow	0.91	1.06	1.11	1.61	1.29	0.85	1.15	1.11	1.05	0.94
	Book value	6.21	5.89	6.22	5.57	3.81	5.93	5.82	5.17	4.37	3.57
	Shares, m	5,061	5,110	5,127	5,119	5,471	5,727	5,740	5,668	5,636	5,637
Valuation, ×
Valuation, ×	P/E	66.57	14.26	10.90	25.02	13.93	2.46	10.68	0.00	0.00	0.00
	P/S	0.86	0.89	0.75	0.66	0.45	0.52	0.49	0.51	0.51	0.57
	P/B	1.50	1.80	1.36	1.25	1.06	1.44	0.62	0.77	0.92	1.13
	EV/Sales	2.01	1.97	1.72	1.55	1.43	1.67	1.23	1.22	1.21	1.34
	EV/FCF	6.61	10.75	17.26	10.19	59.02	(36.89)	7.86	8.55	9.11	14.07
Cash, $m
Cash, $m	Operating cash flow	14,760	15,594	15,853	16,825	15,074	12,148	12,394	12,608	11,897	10,999
	Capex	(10,166)	(10,164)	(10,139)	(8,578)	(8,019)	(7,293)	(5,803)	(6,333)	(5,974)	(5,719)
	Free cash flow	4,594	5,430	5,714	8,247	7,055	4,855	6,590	6,275	5,922	5,280
Balance, $m
Balance, $m	Working capital	(17,127)	(10,325)	(7,451)	(6,567)	6,326	(670)	(538)	(2,861)	(3,641)	(3,204)
	Total debt	66,795	63,010	64,603	58,648	57,595	50,039	41,174	40,111	41,966	38,851
	Net debt	59,392	54,707	55,272	48,383	48,343	35,351	30,965	31,205	31,294	30,440
	Shareholders’ equity	31,411	30,086	31,863	28,504	20,858	33,936	33,408	29,326	24,617	20,148
Returns, %
Returns, %	ROA	1.71	2.42	2.61	0.96	1.43	7.49	1.55	(1.09)	(0.31)	(4.87)
	ROIC	4.17	5.66	5.52	4.13	4.27	14.50	4.15	2.90	2.90	1.84
	ROE	7.54	10.49	11.17	4.24	7.32	34.05	5.64	(3.95)	(1.28)	(23.17)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CHT Chunghwa Telecom Co., Ltd.	$37.0B	28.9×	—	+5.50% (above 0%: growing)	+2.33% (above 0%: growing)	+39.64% (above 0%: growing)	37.54%	21.61%	Compare
VOD Vodafone Group PLC	$36.7B	32.7×	13.4×	−11.38% (below 0%: shrinking)	−130.12% (below 0%: shrinking)	−16.70% (below 0%: shrinking)	30.36%	0.00%	Compare
ORANY Orange	$29.8B	6.8×	—	−5.73% (below 0%: shrinking)	+128.97% (above 0%: growing)	+104.16% (above 0%: growing)	16.49%	0.00%	Compare
ECHO EchoStar Corporation	$25.3B	— (loss-making)	68.0×	−3.99% (below 0%: shrinking)	n/m	+64.20% (above 0%: growing)	34.37%	14.34%	Compare
TELFY Telefonica SA	$21.5B	— (loss-making)	10.6×	−5.45% (below 0%: shrinking)	n/m	−124.79% (below 0%: shrinking)	28.59%	10.79%
VIV Telefonica Brasil S.A.	$19.6B	25.1×	13.4×	+20.64% (above 0%: growing)	+33.01% (above 0%: growing)	+3.07% (above 0%: growing)	45.54%	16.48%	Compare
CHTR Charter Communications, Inc.	$19.4B	2.8×	3.2×	−1.74% (below 0%: shrinking)	+14.35% (above 0%: growing)	+45.18% (above 0%: growing)	39.27%	22.65%	Compare
TIGO Millicom International Cellular SA	$13.8B	20.8×	23.8×	+59.40% (above 0%: growing)	−83.95% (below 0%: shrinking)	+66.11% (above 0%: growing)	75.26%	21.20%	Compare
TLK PT Telekomunikasi Indonesia, Tbk	$12.6B	8.1×	—	−8.61% (below 0%: shrinking)	+5,809.09% (above 0%: growing)	+3.00% (above 0%: growing)	100.00%	24.01%	Compare
Median of peers	$22.4B	20.8×	13.4×	−2.86%	+14.35%	+42.41%	38.41%	18.84%

All 55 Telecom Services stocks →

Telefonica SA (TELFY) key facts

Concern: Telefonica SA’s revenue for fiscal 2025 (year ended December 2025) was $39.7 billion, down 11.1% from fiscal 2024.
Telefonica SA (TELFY) is a Telecom Services company in the Communication Services sector, traded in the US as an ADR.
As of October 16, 2026, TELFY traded at $3.79, a market capitalization of $21.5 billion.
Telefonica SA pays an annual dividend of $0.35 per share, a yield of 9.18%.
Return on equity was −23.2% and debt-to-equity 1.84.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.81 (distress zone) for fiscal 2025.