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
VEON Ltd.'s free cash flow for fiscal 2025 was $414.0M, up 20.0% from $345.0M in fiscal 2024. Over the twelve months to 30 June 2026 it was $683.0M. Over the past ten years it has ranged from −$156.0M (fiscal 2015) to $1.8B (fiscal 2021); the current reading is higher than 36% of that period. VEON Ltd. ranks 19th of 55 Telecom Services companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $414.0M | 20.00% |
| FY2024 | $345.0M | (74.61%) |
| FY2023 | $1.4B | (12.15%) |
| FY2022 | $1.5B | (13.09%) |
| FY2021 | $1.8B | 132.38% |
| FY2020 | $766.0M | (39.49%) |
| FY2019 | $1.3B | 123.28% |
| FY2018 | $567.0M | 27.13% |
| FY2017 | $446.0M | 86.61% |
| FY2016 | $239.0M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $252.0M | 51.81% |
| Mar 2026 | $166.0M | (13.99%) |
| Dec 2025 | $193.0M | 168.06% |
| Sep 2025 | $72.0M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| PHI PLDT Inc. compare | $815.2M |
| VEON VEON Ltd. | $683.0M |
| LBTYB Liberty Global Ltd compare | $423.0M |
| LBTYK Liberty Global Ltd compare | $423.0M |
| LBTYA Liberty Global Ltd compare | $423.0M |
| IRDM Iridium Communications Inc compare | $277.6M |
| TKC Turkcell Iletisim Hizmetleri AS compare | −$172.9M |
| TDS Telephone and Data Systems, Inc. compare | −$452.3M |
| LUMN Lumen Technologies, Inc. compare | −$960.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on VEON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- 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