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) Gross margin
VEON Ltd.'s gross margin over the twelve months to 30 June 2026 was 87.1%, down 1.0 percentage points from fiscal 2025 (88.0%). Over the past ten years it has ranged from 76.5% (fiscal 2020) to 88.1% (fiscal 2023); the current reading is higher than 91% of that period. That is above the Telecom Services industry median of 48.8% and above the Communication Services sector median of 51.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 88.0% | 0.90 |
| FY2024 | 87.1% | (0.93) |
| FY2023 | 88.1% | 0.75 |
| FY2022 | 87.3% | (0.11) |
| FY2021 | 87.4% | 10.91 |
| FY2020 | 76.5% | (0.54) |
| FY2019 | 77.1% | 0.35 |
| FY2018 | 76.7% | (0.71) |
| FY2017 | 77.4% | (0.24) |
| FY2016 | 77.7% | 0.23 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 86.6% | (0.88) |
| Mar 2026 | 87.4% | 1.09 |
| Dec 2025 | 86.3% | (1.73) |
| Sep 2025 | 88.1% | (2.36) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| VEON VEON Ltd. | 87.1% |
| PHI PLDT Inc. compare | 85.0% |
| IRDM Iridium Communications Inc compare | 71.5% |
| TDS Telephone and Data Systems, Inc. compare | 59.4% |
| LBTYB Liberty Global Ltd compare | 48.8% |
| LBTYK Liberty Global Ltd compare | 48.8% |
| LBTYA Liberty Global Ltd compare | 48.8% |
| LUMN Lumen Technologies, Inc. compare | 48.4% |
| TKC Turkcell Iletisim Hizmetleri AS compare | 27.4% |
| Telecom Services industry median | 48.8% |
| Communication Services sector median | 51.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on VEON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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