stockrowVEON Ltd.
VEON Communication Services Telecom Services
VEON Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 9.87% from fiscal 2024.
- Revenue
- +16.9%
- EPS
- −79.6%
- Free cash flow
- +431.6%
- Total debt
- +19.1%
Quarter to June 2026, against a year earlier
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VEON Ltd. (VEON) Debt to equity
VEON Ltd.'s debt to equity at the end of the quarter to 30 June 2026 was 3.0×, down 0.1× from fiscal 2025 (3.1×). Over the past ten years it has ranged from 1.8× (fiscal 2016) to 10.7× (fiscal 2022); 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 | 3.1× | (15.68%) |
| FY2024 | 3.7× | (22.43%) |
| FY2023 | 4.8× | (54.86%) |
| FY2022 | 10.7× | 50.77% |
| FY2021 | 7.1× | (28.96%) |
| FY2020 | 10.0× | 113.71% |
| FY2019 | 4.7× | 64.83% |
| FY2018 | 2.8× | (5.48%) |
| FY2017 | 3.0× | 62.68% |
| FY2016 | 1.8× | (11.56%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 3.0× | 4.67% |
| Mar 2026 | 2.9× | (7.55%) |
| Dec 2025 | 3.1× | 0.84% |
| Sep 2025 | 3.1× | (4.92%) |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| LUMN Lumen Technologies, Inc. compare | −7.7× |
| TDS Telephone and Data Systems, Inc. compare | 0.1× |
| TKC Turkcell Iletisim Hizmetleri AS compare | 0.6× |
| LBTYA Liberty Global Ltd compare | 0.9× |
| LBTYK Liberty Global Ltd compare | 0.9× |
| LBTYB Liberty Global Ltd compare | 0.9× |
| PHI PLDT Inc. compare | 2.2× |
| VEON VEON Ltd. | 3.0× |
| IRDM Iridium Communications Inc compare | 3.7× |
| 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)
More on VEON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement