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Friday 6 November 2026
Export VOD’s income statement to Excel — free account
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%
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Vodafone Group PLC (VOD) Gross margin
Vodafone Group PLC's gross margin over the twelve months to 30 September 2023 was 32.1%. Over the past ten years it has ranged from 25.7% (fiscal 2016) to 33.4% (fiscal 2025); the current reading is higher than 58% 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) |
|---|---|---|
| FY2026 | 31.5% | (1.96) |
| FY2025 | 33.4% | 0.04 |
| FY2024 | 33.4% | 0.89 |
| FY2023 | 32.5% | (0.42) |
| FY2022 | 32.9% | 1.60 |
| FY2021 | 31.3% | (0.46) |
| FY2020 | 31.8% | 0.85 |
| FY2019 | 30.9% | 1.30 |
| FY2018 | 29.6% | 2.22 |
| FY2017 | 27.4% | 1.69 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2023 | 30.4% | (2.60) |
| Mar 2023 | 33.0% | 0.91 |
| Sep 2022 | 32.1% | (0.93) |
| Mar 2022 | 33.0% | 0.11 |
| 7 more quarters | Free account |
Against its own ten years
Low 25.7%
High 33.4%
Ten-year median
31.4%
Current reading's percentile
58
Gross margin against peers
| Company | Gross margin |
|---|---|
| TELFY Telefonica SA compare | 66.8% |
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare | 66.5% |
| VIV Telefonica Brasil S.A. compare | 45.0% |
| CHTR Charter Communications, Inc. compare | 39.9% |
| CHT Chunghwa Telecom Co., Ltd. compare | 36.5% |
| CMCSA Comcast Corporation compare | 34.6% |
| ECHO EchoStar Corporation compare | 32.5% |
| VOD Vodafone Group PLC | 32.1% |
| ORANY Orange compare | 16.3% |
| 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 VOD
- Revenue
- Net income
- 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