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) Operating margin
VEON Ltd.'s operating margin over the twelve months to 30 June 2026 was 21.8%, down 11.0 percentage points from fiscal 2025 (32.7%). Over the past ten years it has ranged from 5.45% (fiscal 2015) to 32.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Telecom Services industry median of 9.22% and above the Communication Services sector median of 0.94%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 32.7% | 4.99 |
| FY2024 | 27.7% | 2.60 |
| FY2023 | 25.1% | (5.85) |
| FY2022 | 31.0% | 4.40 |
| FY2021 | 26.6% | 19.56 |
| FY2020 | 7.01% | (15.77) |
| FY2019 | 22.8% | 16.68 |
| FY2018 | 6.10% | (9.38) |
| FY2017 | 15.5% | 3.28 |
| FY2016 | 12.2% | 6.75 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 27.5% | 1.98 |
| Mar 2026 | 25.5% | (1.93) |
| Dec 2025 | 27.4% | 22.12 |
| Sep 2025 | 5.29% | (70.15) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TDS Telephone and Data Systems, Inc. compare | 37.0% |
| VEON VEON Ltd. | 21.8% |
| IRDM Iridium Communications Inc compare | 19.0% |
| PHI PLDT Inc. compare | 17.5% |
| TKC Turkcell Iletisim Hizmetleri AS compare | 14.6% |
| LUMN Lumen Technologies, Inc. compare | 1.28% |
| LBTYB Liberty Global Ltd compare | −1.78% |
| LBTYK Liberty Global Ltd compare | −1.78% |
| LBTYA Liberty Global Ltd compare | −1.78% |
| Telecom Services industry median | 9.22% |
| Communication Services sector median | 0.94% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on VEON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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