Saturday 17 October 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.

16.11 0.26 +1.64%

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Market cap: $36.7B
P/E: 32.7×
Fwd P/E: 13.4×
Dividend yield: 3.38%
F-score: 5/9
Altman Z: −0.70
Beneish M: −2.78
Dividend safety: 37/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 19.90%

Capital & Financial Ratios $m

Market Cap 36,720.00

Revenue 94,839.70

Net Income (1,526.46)

Free Cash Flow 29,964.09

Net Debt 42,778.06

Current Ratio 1.14

Debt/Equity 0.97

P/E ratio 32.72

Fwd P/E 13.40

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 2.35%

Next Y EPS Growth 17.54%

Next Y revenue growth 7.36%

Next 5Y EPS Growth 10.11%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 74.03%

10-year low 10-year high

EV/Sales against its own 10 years 16.10%

10-year low 10-year high

EV/FCF against its own 10 years 32.92%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.54

Annual Dividend Yield 3.38%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	0.06	0.28
2025	0.05	0.26 0.27
2024	0.72	0.49 0.23
2023	0.99	0.50 0.49
2022	0.95	0.46 0.49
2021	1.04	0.53 0.51
2020	1.08	0.53 0.55
2019	0.96	0.46 0.50
2018	1.75	1.19 0.55
2017	1.77	1.17 0.60
2016	2.13	1.02 0.51 0.60

predictions special payouts not included in total or ratios

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%)

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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	(0.19)
’25	—	—	—	—	(1.68)
’24	—	—	—	—	0.46
’23	—	—	—	—	5.14
’22	—	—	—	—	0.84
’21	—	—	—	—	0.04

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	24.31	18.45	15.53	11.46	14.53	9.94	8.11	8.02	8.00	12.88	Analyst estimates 2027–2029 Powerpack
	High	31.99	32.75	21.72	20.53	20.36	19.05	12.53	10.39	13.30	17.71
People
People	Employees	111,556	106,135	98,996	104,000	105,000	104,000	104,000	93,000	92,000	91,128
	Revenue/emp, $m	0.47	0.58	0.51	0.48	0.49	0.51	0.46	0.43	0.44	0.51
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
	Gross margin, %	27.41	29.63	30.93	31.78	31.32	32.92	32.50	33.39	33.43	31.47
	EBT	3,064	5,145	(3,026)	884	5,139	4,597	13,347	1,758	(1,588)	2,162
	EBT margin, %	5.86	8.33	(5.98)	1.77	10.04	8.67	28.04	4.41	(3.95)	4.61
	Net income	(2,164)	6,311	(4,758)	(506)	626	3,050	12,846	1,704	(4,024)	(57)
	Depreciation	12,166	13,810	11,343	15,761	16,470	16,095	14,182	11,302	11,607	14,444
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
	Earnings	(2.46)	1.03	(3.30)	(0.35)	0.04	0.84	5.16	0.46	(1.68)	(0.19)
	Cash flow	5.58	6.50	5.44	6.57	6.79	7.25	6.79	6.64	6.32	6.90
	Capex	(3.46)	(3.88)	(3.40)	(2.85)	(3.39)	(3.62)	(3.43)	(2.75)	(2.75)	(3.43)
	Free cash flow	2.12	2.62	2.04	3.72	3.40	3.63	3.36	3.90	3.57	3.47
	Book value	28.92	32.78	26.61	23.67	22.82	22.83	24.26	24.47	22.15	26.24
	Shares, m	2,797	2,777	2,761	2,942	2,959	2,901	2,768	2,706	2,615	2,403
Valuation, ×
Valuation, ×	P/E	0.65	8.93	0.00	0.00	0.00	217.25	20.25	17.85	19.03	30.50
	P/S	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	0.00	0.00	0.00	0.61	0.61	0.61	0.51	0.52	0.39	0.45
	EV/FCF	2.05	1.56	1.14	2.09	1.74	1.75	1.48	1.97	1.44	1.74
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
	Capex	(9,677)	(10,775)	(9,387)	(8,389)	(10,041)	(10,494)	(9,492)	(7,429)	(7,187)	(8,245)
	Free cash flow	5,931	7,268	5,644	10,937	10,066	10,525	9,309	10,540	9,328	8,330
Balance, $m
Balance, $m	Working capital	382	(1,424)	16,285	827	(515)	(5,940)	(4,084)	10,157	6,302	3,824
	Total debt	51,110	57,392	61,322	83,086	79,144	81,482	69,139	61,848	57,092	61,047
	Net debt	34,699	39,522	30,462	60,432	61,647	63,548	49,641	49,611	37,298	42,778
	Shareholders’ equity	80,899	91,021	73,469	69,639	67,529	66,236	67,153	66,201	57,922	63,053
Returns, %
Returns, %	ROA	(3.72)	1.78	(5.18)	(0.58)	0.07	1.35	7.23	0.78	(3.04)	(0.32)
	ROIC	2.21	2.73	1.79	3.09	2.88	3.17	8.00	2.11	2.89	1.95
	ROE	(7.58)	3.76	(11.29)	(1.43)	0.19	3.63	18.48	1.86	(7.22)	(0.76)

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026

Charts ten years each

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	$77.3B	7.1×	8.2×	−1.23% (below 0%: shrinking)	−66.78% (below 0%: shrinking)	+2.27% (above 0%: growing)	37.09%	17.23%	Compare
AMX America Movil, S.A.B. de C.V. Unsponsored ADR	$68.7B	13.8×	12.1×	+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.	$37.0B	28.9×	—	+5.50% (above 0%: growing)	+2.33% (above 0%: growing)	+39.64% (above 0%: growing)	37.54%	21.61%	Compare
VOD Vodafone Group PLC	$36.7B	32.7×	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	6.8×	—	−5.73% (below 0%: shrinking)	+128.97% (above 0%: growing)	+104.16% (above 0%: growing)	16.49%	0.00%	Compare
ECHO EchoStar Corporation	$25.3B	— (loss-making)	68.0×	−3.99% (below 0%: shrinking)	n/m	+64.20% (above 0%: growing)	34.37%	14.34%	Compare
TELFY Telefonica SA	$21.5B	— (loss-making)	10.6×	−5.45% (below 0%: shrinking)	n/m	−124.79% (below 0%: shrinking)	28.59%	10.79%	Compare
VIV Telefonica Brasil S.A.	$19.6B	25.1×	13.4×	+20.64% (above 0%: growing)	+33.01% (above 0%: growing)	+3.07% (above 0%: growing)	45.54%	16.48%	Compare
CHTR Charter Communications, Inc.	$19.4B	2.8×	3.2×	−1.74% (below 0%: shrinking)	+14.35% (above 0%: growing)	+45.18% (above 0%: growing)	39.27%	22.65%	Compare
Median of peers	$27.5B	10.4×	11.4×	−1.48%	+19.01%	+21.36%	37.32%	16.86%

All 55 Telecom Services stocks →

Vodafone Group PLC (VOD) key facts

Strength: Vodafone Group PLC’s revenue for fiscal 2026 (year ended March 2026) was $46.9 billion, up 16.6% from fiscal 2025.
Vodafone Group PLC (VOD) is a Telecom Services company in the Communication Services sector, traded in the US as an ADR.
As of October 16, 2026, VOD traded at $16.11, a market capitalization of $36.7 billion.
Vodafone Group PLC pays an annual dividend of $0.54 per share, a yield of 3.38%.
Return on equity was −0.76% and debt-to-equity 0.97.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.70 (distress zone) for fiscal 2026.