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Vodafone Group PLC

VOD Communication Services Telecom Services

Vodafone Group PLC’s revenue for fiscal 2026 (year ended March 2026) was $46.9 billion, up 16.6% from fiscal 2025.

15.98 0.30 −1.84%
Market cap
$37.0B
P/E
32.5×
Fwd P/E
13.4×
Dividend yield
3.41%
F-score
5/9
Altman Z
−0.70
Beneish M
−2.78
Dividend safety
37/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 19.90%

Capital & Financial Ratios $m

Size
Market Cap 36,950.00
Revenue ttm 94,839.70
Net income ttm (1,526.46)
Free cash flow ttm 29,964.09
Net debt Q 42,778.06
Valuation
P/E 32.45
Forward P/E 13.40
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 1.14
Debt / equity Q 0.97
Interest coverage Q —
Growth
Revenue growth Q −11.38% (below 0%: shrinking)
Operating income growth Q —
EPS, this year +4.00%
EPS, next year A +18.01% (at or above 15%: strong)
Revenue, next year A +6.21%
EPS, past 5 yrs —
EPS, next 5 yrs A +10.65%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.6×; over the ten years it ranged from 0.4× in 2025 to 0.7× in 2020.
P/E against its own 10 years 73.68%
10-year low 10-year high
EV/Sales against its own 10 years 16.81%
10-year low 10-year high
EV/FCF against its own 10 years 33.26%
10-year low 10-year high

Dividends

Yield
3.41%
Annual rate
0.54
Payout ratio
—
Growth, 2017–25
−14.0%/yr
  1. 1.77 ’17
  2. 1.75 ’18 −1
  3. 0.96 ’19 −45
  4. 1.08 ’20 +12
  5. 1.04 ’21 −4
  6. 0.95 ’22 −9
  7. 0.99 ’23 +4
  8. 0.72 ’24 −27
  9. 0.53 ’25 −27
  10. 0.06 ’26e −89
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 19,497 12,237 19,794 18,269
Receivables 11,439 9,410 10,290 12,491
Inventory 996 616 663 691
Other 906 20,672 — 202
31,931 42,934 30,746 31,653
2023 2024 2025 2026
Payables 19,002 14,541 15,108 18,069
ST’ Debt 15,330 9,398 7,571 8,269
Other 1,207 8,412 1,145 848
36,016 32,777 24,445 27,829

Compound Annual Growth %

10y 5y 3y
Sales (2.71%) (1.72%) (0.47%)
Cash Flow 0.48% (3.79%) (4.11%)
Earnings 0.00% 0.00% 0.00%
Book Value (4.65%) (1.36%) (2.08%)

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — (0.19)
’25 — — — — (1.68)
’24 — — — — 0.46
’23 — — — — 4.44
’22 — — — — 0.84
’21 — — — — 0.04
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 46,927
’25 — — — — 40,230
’24 — — — — 39,849
’23 — — — — 47,598
’22 — — — — 52,987
’21 — — — — 51,169
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 16,575
’25 — — — — 16,515
’24 — — — — 17,969
’23 — — — — 18,801
’22 — — — — 21,019
’21 — — — — 20,107
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 11,168 — 1,971 — 8,330
’25 11,880 — 2,690 — 9,328
’24 13,407 — 1,232 — 10,540
’23 12,395 — 1,401 — 9,309
’22 14,317 — 2,066 — 10,525
’21 13,835 — 2,780 — 10,066
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 52,270 61,786 50,565 50,011 51,169 52,987 47,598 39,849 40,230 46,927 (1.2%) 49,842 51,553 52,564 +3.9%
Gross margin, % 27.41 29.63 30.93 31.78 31.32 32.92 32.50 33.39 33.43 31.47 +4.1 pt
EBT 3,064 5,145 (3,026) 884 5,139 4,597 13,347 1,758 (1,588) 2,162 (3.8%)
EBT margin, % 5.86 8.33 (5.98) 1.77 10.04 8.67 28.04 4.41 (3.95) 4.61 (1.2) pt
Net income (2,164) 6,311 (4,758) (506) 626 3,050 12,846 1,704 (4,024) (57) (33.3%)
Per share, $
Per share, $ Revenue 18.69 22.25 18.32 17.00 17.29 18.26 17.20 14.73 15.39 19.53 +0.5%
Earnings (2.46) 1.03 (3.30) (0.35) 0.04 0.84 4.45 0.46 (1.68) (0.19) (24.8%)
Cash flow 5.58 6.50 5.44 6.57 6.79 7.25 6.79 6.64 6.32 6.90 +2.4%
Capex (3.46) (3.88) (3.40) (2.85) (3.39) (3.62) (3.43) (2.75) (2.75) (3.43) (0.1%)
Free cash flow 2.12 2.62 2.04 3.72 3.40 3.63 3.36 3.90 3.57 3.47 +5.6%
Book value 28.92 32.78 26.61 23.67 22.82 22.83 24.26 24.47 22.15 26.24 (1.1%)
Shares, m 2,797 2,777 2,761 2,942 2,959 2,901 2,768 2,706 2,615 2,403 (1.7%)
Valuation, ×
Valuation, × P/E 0.65 8.93 0.00 0.00 0.00 217.25 20.25 17.85 19.03 30.50 31.4
P/S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 0.00 0.00 0.00 0.61 0.61 0.61 0.51 0.52 0.39 0.45 0.4
EV/FCF 2.05 1.56 1.14 2.09 1.74 1.75 1.48 1.97 1.44 1.74 1.7
Cash, $m
Cash, $m Operating cash flow 15,608 18,043 15,031 19,325 20,107 21,019 18,801 17,969 16,515 16,575 +0.7%
Capex (9,677) (10,775) (9,387) (8,389) (10,041) (10,494) (9,492) (7,429) (7,187) (8,245) (1.8%)
Free cash flow 5,931 7,268 5,644 10,937 10,066 10,525 9,309 10,540 9,328 8,330 +3.8%
Balance, $m
Balance, $m Working capital 382 (1,424) 16,285 827 (515) (5,940) (4,084) 10,157 6,302 3,824 +29.2%
Net debt 34,699 39,522 30,462 60,432 61,647 63,548 49,641 49,611 37,298 42,778 +2.4%
Shareholders’ equity 80,899 91,021 73,469 69,639 67,529 66,236 67,153 66,201 57,922 63,053 (2.7%)
Returns, %
Returns, % ROA (3.72) 1.56 (5.18) (0.58) 0.07 1.35 7.23 0.78 (3.04) (0.32) +3.4 pt
ROIC 2.21 2.73 1.79 3.09 2.88 3.17 8.00 2.11 2.89 1.95 (0.3) pt
ROE (7.58) 3.29 (11.29) (1.43) 0.19 3.63 18.48 1.86 (7.22) (0.76) +6.8 pt
People
People Employees 111,556 106,135 98,996 104,000 105,000 104,000 104,000 93,000 92,000 91,128 (2.2%)
Revenue/emp, $m 0.47 0.58 0.51 0.48 0.49 0.51 0.46 0.43 0.44 0.51 +1.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · fundamentals updated 26 Oct 2026

Vodafone Group PLC vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CMCSA Comcast Corporation $88.6B 7.9× 7.9× −6.09% (below 0%: shrinking) +7.78% (above 0%: growing) −14.82% (below 0%: shrinking) 38.02% 18.16% Compare
AMX America Movil, S.A.B. de C.V. Unsponsored ADR $76.9B 14.4× 13.7× +15.58% (above 0%: growing) +23.68% (above 0%: growing) −25.28% (below 0%: shrinking) 63.33% 21.49% Compare
CHT Chunghwa Telecom Co., Ltd. $37.9B 29.6× — +5.50% (above 0%: growing) +2.33% (above 0%: growing) +39.64% (above 0%: growing) 37.54% 21.61% Compare
VOD Vodafone Group PLC $37.0B 32.5× 13.4× −11.38% (below 0%: shrinking) −130.12% (below 0%: shrinking) −16.70% (below 0%: shrinking) 30.36% 0.00%
ORANY Orange $29.8B 7.1× — −5.73% (below 0%: shrinking) +128.97% (above 0%: growing) +104.16% (above 0%: growing) 16.49% 0.00% Compare
ECHO EchoStar Corporation $26.2B 2.7× 3.9× −68.80% (below 0%: shrinking) n/m +133.30% (above 0%: growing) 42.28% 13.10% Compare
CHTR Charter Communications, Inc. $22.2B 3.2× 2.8× −1.74% (below 0%: shrinking) +14.35% (above 0%: growing) +45.18% (above 0%: growing) 39.27% 22.65% Compare
TELFY Telefonica SA $21.5B — (loss-making) 10.8× −5.45% (below 0%: shrinking) n/m −124.79% (below 0%: shrinking) 28.59% 10.79% Compare
VIV Telefonica Brasil S.A. $18.1B 29.4× 13.0× +20.64% (above 0%: growing) +33.01% (above 0%: growing) +3.07% (above 0%: growing) 45.54% 16.48% Compare
Median of peers $28.0B 7.9× 9.3× −3.59% +19.01% +21.36% 38.64% 17.32%

All 55 Telecom Services stocks →

Vodafone Group PLC (VOD) Latest News

30 Oct

Impact 3 · · Simply Wall St.

28 Oct

Impact 3 · · AFP

27 Oct

Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 4 · · TIKR
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Barchart

20 Oct

Impact 4 · · Investing.com
Impact 3 · · Stocktwits

19 Oct

Impact 4 · · TIKR
Impact 4 · · Business Wire
Impact 3 · · Simply Wall St.
Impact 3 · · InvestorsHub
Impact 3 · · Investing.com

16 Oct

Impact 3 · · Simply Wall St.

13 Oct

Impact 3 · · Stocktwits
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

12 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · 24/7 Wall St.

9 Oct

Impact 3 · · Investing.com

8 Oct

Impact 4 · · MarketBeat

3 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 3 · · GlobeNewswire

28 Sep

Impact 3 · · The Telegraph
Impact 3 · · The Telegraph
Impact 3 · · Stocktwits

16 Sep

Impact 3 ·

VOD metrics, ten years each

stockrow.com/VOD · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com