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) Free cash flow margin
VEON Ltd.'s free cash flow margin over the twelve months to 30 June 2026 was 14.4%, up 4.9 percentage points from fiscal 2025 (9.41%). Over the past ten years it has ranged from −1.62% (fiscal 2015) to 46.2% (fiscal 2021); the current reading is higher than 55% of that period. That is above the Telecom Services industry median of 2.87% and above the Communication Services sector median of 1.75%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 9.41% | 0.79 |
| FY2024 | 8.62% | (28.13) |
| FY2023 | 36.8% | (4.45) |
| FY2022 | 41.2% | (5.03) |
| FY2021 | 46.2% | 35.72 |
| FY2020 | 10.5% | (3.77) |
| FY2019 | 14.3% | 8.04 |
| FY2018 | 6.24% | 1.53 |
| FY2017 | 4.71% | 2.02 |
| FY2016 | 2.69% | 4.31 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| IRDM Iridium Communications Inc compare | 30.7% |
| PHI PLDT Inc. compare | 21.8% |
| VEON VEON Ltd. | 14.4% |
| LBTYB Liberty Global Ltd compare | 8.66% |
| LBTYK Liberty Global Ltd compare | 8.66% |
| LBTYA Liberty Global Ltd compare | 8.66% |
| TKC Turkcell Iletisim Hizmetleri AS compare | −2.63% |
| LUMN Lumen Technologies, Inc. compare | −8.38% |
| TDS Telephone and Data Systems, Inc. compare | −36.0% |
| Telecom Services industry median | 2.87% |
| Communication Services sector median | 1.75% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on VEON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement