Telefonica Brasil S.A.

VIV Communication Services Telecom Services

Telefonica Brasil S.A.’s revenue for fiscal 2025 (year ended December 2025) was $10.7 billion, up 3.09% from fiscal 2024.

Revenue
+20.6%
EPS
+33.0%
Free cash flow
+3.07%
Total debt
+8.82%

Quarter to June 2026, against a year earlier

11.34 0.03 +0.27%
Market cap
$18.1B
P/E
29.4×
Fwd P/E
13.0×
Dividend yield
6.77%
F-score
7/9
Altman Z
n/a
Beneish M
−3.00
Dividend safety
66/100

Telefonica Brasil S.A. (VIV) Gross margin

Alert me on Gross margin

Telefonica Brasil S.A.'s gross margin over the twelve months to 30 June 2026 was 45.0%, up 0.3 percentage points from fiscal 2025 (44.8%). Over the past ten years it has ranged from 42.9% (fiscal 2022) to 53.1% (fiscal 2017); the current reading is higher than 45% of that period. That is below the Telecom Services industry median of 48.8% and below the Communication Services sector median of 51.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 44.8% 0.89
FY2024 43.9% 0.32
FY2023 43.5% 0.64
FY2022 42.9% (0.82)
FY2021 43.7% (3.66)
FY2020 47.4% (2.56)
FY2019 49.9% (1.68)
FY2018 51.6% (1.46)
FY2017 53.1% 2.07
FY2016 51.0% 1.51

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 45.5% 0.63
Mar 2026 44.9% 0.78
Dec 2025 44.1% (1.39)
Sep 2025 45.5% 0.33
41 more quarters

Against its own ten years

Low 42.9% High 53.1%
Ten-year median 47.4%
Current reading's percentile 51

Gross margin against peers

Company Gross margin
TLK PT Telekomunikasi Indonesia, Tbk compare 100.0%
SKM SK Telecom Co., Ltd. compare 87.6%
TIGO Millicom International Cellular SA compare 76.5%
TELFY Telefonica SA compare 66.8%
VIV Telefonica Brasil S.A. 45.0%
CHTR Charter Communications, Inc. compare 39.9%
ECHO EchoStar Corporation compare 32.5%
ORANY Orange compare 16.3%
GSAT Globalstar, Inc. compare 0.00%
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

The full definition of Gross margin →

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