Vodafone Group Public Limited Company(VOD)Earnings, Financials & Key Ratios

VOD•NASDAQ•Utilities

Price updated Jun 19, 2026

SectorCommunication Services IndustryTelecom Services Sub-IndustryIntegrated Telecom and Media Groups

AboutVodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers. It also provides value added services, such as Internet of Things (IoT) comprising logistics and fleet management, smart metering, insurance, cloud, and security services; and automotive and health solutions. In addition, the company offers M-Pesa, an African payment platform, which provides money transfer, financial, and business and merchant payment services; and various services to operators through its partner market agreements. Vodafone Group Public Limited Company has a strategic partnership with Open Fiber. As of March 31, 2022, it had approximately 323 million mobile customers, 28 million fixed broadband customers, and 22 million TV customers. The company was incorporated in 1984 and is based in Newbury, the United Kingdom.Show more

Revenue$40.73B+8.8%
EBITDA$16.05B+54.4%
Net Income-$400M+90.4%
Free Cash Flow$8.58B-1.0%
EBITDA Margin39.39%+41.9%
Net Margin-0.98%+91.2%
ROE-0.71%+89.9%
Interest Coverage1.47+314.5%
Debt/Equity0.97-1.8%

VOD Key Insights

Vodafone Group Public Limited Company (VOD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Healthy dividend yield of 3.7%
✓Share count reduced 8.3% through buybacks
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak interest coverage of 1.5x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Get notified when VOD posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

VOD Price & Volume

Vodafone Group Public Limited Company (VOD) stock price & volume — 10-year historical chart

Loading chart...

VOD Growth Metrics

Vodafone Group Public Limited Company (VOD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-2.4%

5 Years-1.45%

3 Years2.64%

TTM5.92%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-136.49%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-138.03%

Return on Capital

10 Years3.97%

5 Years4.22%

3 Years1.93%

Last Year3.19%

VOD Recent Earnings

Vodafone Group Public Limited Company (VOD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 0/12 qtrs (0%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

May 12, 2026

Metric

Actual

Est

EPS

$0.62-295.8%

$0.32

Rev

$24.4B+136.7%

$10.3B

Q2 2025

May 20, 2025

Metric

Actual

Est

EPS

$0.22-199.4%

$0.23

Rev

$21.0B-4.8%

$22.1B

Q4 2024

Nov 12, 2024

Metric

Actual

Est

EPS

$0.04-79.9%

$0.22

Rev

$20.0B-0.3%

$20.1B

Q3 2024

Jul 25, 2024

Metric

Actual

Est

EPS

$0.06-89.1%

$0.54

Rev

$15.9B-32.7%

$23.6B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 12, 2026	$0.62vs $0.32-295.8%	$24.4Bvs $10.3B+136.7%
Q2 2025	May 20, 2025	$0.22vs $0.23-199.4%	$21.0Bvs $22.1B-4.8%
Q4 2024	Nov 12, 2024	$0.04vs $0.22-79.9%	$20.0Bvs $20.1B-0.3%
Q3 2024	Jul 25, 2024	$0.06vs $0.54-89.1%	$15.9Bvs $23.6B-32.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TAT&T Inc.Direct Competitor	153.71B	22.01	7.24	2.71%	16.92%	16.85%	1.35
VZVerizon Communications Inc.Direct Competitor	191.36B	45.37	11.17	2.52%	12.43%	16.42%	1.90
TMUST-Mobile US, Inc.Direct Competitor	196.6B	181.67	18.69	8.49%	11.65%	17.82%	2.07
BCEBCE Inc.Direct Competitor	21.71B	23.28	4.84	0.24%	25.44%	28.51%	1.76
TUTELUS CorporationDirect Competitor	18.01B	11.54	22.61	1.82%	4.53%	6.02%	1.90
TEFTelefónica, S.A.Direct Competitor	24.41B	4.33	-65.09	1.63%	-5.53%	-9.54%	1.98
LILALiberty Latin America Ltd.Product Competitor	960.97M	4.80	-1.57	-0.33%	-11.2%	-45.66%	8.67
ATUSAltice USA, Inc.Product Competitor	539.38M	1.89	-8.59	-4.06%	-21.76%

Compare VOD vs Peers

Vodafone Group Public Limited Company (VOD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs T

Most directly comparable listed peer for VOD.

Scale Benchmark

vs AMAT

Larger-name benchmark to compare VOD against a more recognizable public peer.

Peer Set

Compare Top 5

vs T, VZ, TMUS, BCE

VOD Income Statement

Vodafone Group Public Limited Company (VOD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Revenue	46.57B	44.98B	45.92B	43.81B	37.01B	37.67B	36.72B	37.45B	40.73B
Revenue Growth %	-2.23%	-3.41%	2.09%	-4.6%	-15.52%	1.79%	-2.54%	1.99%	8.77%
Cost of Revenue	32.77B	33.22B	33.58B	30.09B	23.95B	24.36B	24.46B	24.93B	27.91B
Gross Profit	13.8B▲ 0%	11.77B▼ 14.7%	12.34B▲ 4.9%	13.72B▲ 11.2%	13.06B▼ 4.8%	13.31B▲ 1.9%	12.26B▼ 7.9%	12.52B▲ 2.1%	12.82B▲ 2.4%
Gross Margin %	29.63%	26.16%	26.88%	31.32%	35.29%	35.34%	33.39%	33.43%	31.47%
Gross Profit Growth %	5.71%	-14.74%	4.92%	11.18%	-4.82%	1.92%	-7.92%	2.13%	2.39%
Operating Expenses	9.47B	7.52B	7.5B	8.59B	7.32B	-1.14B	8.59B	12.93B	9.31B
Other Operating Expenses	-	-	-	-	-	-	-	-	-
EBITDA	15.23B	14.33B	19.31B	19.23B	16.16B	24.71B	14.08B	10.39B	16.05B
EBITDA Margin %	32.7%	31.86%	42.06%	43.9%	43.66%	65.58%	38.34%	27.75%	39.39%
EBITDA Growth %	7.22%	-5.9%	34.76%	-0.43%	-15.98%	52.91%	-43.01%	-26.18%	54.39%
Depreciation & Amortization	10.41B	10.09B	14.47B	14.1B	10.42B	10.26B	10.41B	10.8B	12.54B
D&A / Revenue %	22.35%	22.43%	31.52%	32.19%	28.15%	27.22%	28.36%	28.85%	30.78%
Operating Income (EBIT)	4.82B▲ 0%	4.24B▼ 12.0%	4.84B▲ 14.1%	5.13B▲ 6.0%	5.74B▲ 11.9%	14.45B▲ 151.8%	3.67B▼ 74.6%	-411M▼ 111.2%	3.51B▲ 953.6%
Operating Margin %	10.35%	9.43%	10.54%	11.71%	15.51%	38.36%	9.98%	-1.1%	8.61%
Operating Income Growth %	54.57%	-12.03%	14.14%	5.95%	11.91%	151.76%	-74.64%	-111.21%	953.62%
Interest Expense	1.07B	1.61B	2.54B	2.56B	2.29B	2.46B	2.75B	2.29B	2.39B
Interest Coverage	4.73x	-0.06x	2.44x	2.70x	2.81x	6.32x	1.59x	0.35x	1.47x
Interest / Revenue %	2.31%	3.59%	5.52%	5.84%	6.19%	6.52%	7.48%	6.11%	5.87%
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income	3.88B▲ 0%	-2.69B▼ 169.4%	811.74M▲ 130.2%	4.35B▲ 435.5%	4.15B▼ 4.6%	13.07B▲ 215.1%	1.62B▼ 87.6%	-1.48B▼ 191.2%	1.88B▲ 227.0%
Pretax Margin %	8.33%	-5.98%	1.77%	9.92%	11.21%	34.7%	4.41%	-3.95%	4.61%
Income Tax	-879M	1.54B	1.28B	3.86B	1.56B	492M	50M	2.25B	1.82B
Effective Tax Rate %	-22.67%	-57.25%	157.23%	88.89%	37.62%	3.76%	3.09%	-151.96%	96.83%
Net Income	4.41B▲ 0%	-4.74B▼ 207.5%	-939.37M▲ 80.2%	59M▲ 106.3%	2.24B▲ 3691.5%	11.84B▲ 429.2%	1.14B▼ 90.4%	-4.17B▼ 465.7%	-399.66M▲ 90.4%
Net Margin %	9.47%	-10.53%	-2.05%	0.13%	6.04%	31.42%	3.1%	-11.13%	-0.98%
Net Income Growth %	301.28%	-207.5%	80.18%	106.28%	3691.53%	429.19%	-90.37%	-465.7%	90.41%
EPS (Diluted)	1.60▲ 0%	-1.60▼ 200.0%	-0.37▲ 76.9%	0.02▲ 105.4%	0.77▲ 3750.0%	4.30▲ 458.4%	0.42▼ 90.2%	-1.60▼ 481.0%	-0.16▲ 90.0%
EPS Growth %	305.13%	-200%	76.88%	105.41%	3750%	458.44%	-90.23%	-480.95%	90%
EPS (Basic)	1.60	-1.60	-0.37	0.02	0.77	4.30	0.44	-1.60	-0.16
Diluted Shares Outstanding	2.79B	2.76B	2.45B	2.45B	2.45B	2.78B	2.72B	2.62B	2.4B

VOD Balance Sheet

Vodafone Group Public Limited Company (VOD) balance sheet — assets, liabilities & shareholders' equity

Metric	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Total Assets	145.61B	142.86B	168.17B	155.06B	171.4B	168.97B	144.35B	138.83B	130.05B
Asset Growth %	-5.87%	-1.89%	17.71%	-7.79%	10.54%	-1.42%	-14.57%	-3.83%	-6.32%
PP&E (Net)	28.32B	27.43B	40.11B	41.24B	45.4B	41.28B	28.5B	33.18B	34.23B
PP&E / Total Assets %	19.45%	19.2%	23.85%	26.6%	26.49%	24.43%	19.74%	23.9%	26.32%
Total Current Assets	37.95B	39.59B	32.83B	28.27B	29.12B	31.71B	39.56B	29.56B	27.15B
Cash & Equivalents	4.67B	13.64B	13.56B	5.82B	8.34B	12.72B	6.18B	11.88B	8.99B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	581M	714M	598M	676M	930.18M	1.04B	568M	666.48M	596.62M
Other Current Assets	15.83B	3.42B	3.94B	7.29B	0	0	21.93B	0	0
Long-Term Investments	5.74B	4.82B	6.62B	5.59B	13.96B	21.42B	11.04B	17.47B	13.81B
Goodwill	26.73B	23.35B	31.38B	31.73B	35.48B	30B	24.96B	22.16B	21.94B
Intangible Assets	16.52B	17.65B	22.63B	21.82B	23.77B	21.29B	13.9B	13.96B	14.37B
Other Assets	-26.2B	-24.75B	-23.61B	-21.57B	2.44B	2.28B	26.4B	1.94B	462.48M
Total Liabilities	77B	79.42B	105.54B	97.25B	107.9B	98.91B	83.35B	80.59B	75.52B
Total Debt	43.26B	52.95B	69.63B	66.8B	77.99B	72.13B	58.51B	57.41B	52.69B
Net Debt	38.59B	39.32B	56.08B	60.98B	69.65B	59.41B	52.33B	45.52B	43.7B
Long-Term Debt	34.77B	50.61B	57.99B	53.28B	53.76B	44.93B	43.31B	40.63B	45.55B
Short-Term Borrowings	10.35B	6.63B	11.43B	5.95B	13.31B	15.99B	5.53B	7.61B	7.14B
Capital Lease Obligations	312M	0	12.12B	13.03B	10.92B	11.21B	9.67B	9.16B	0
Total Current Liabilities	39.02B	25.52B	33.38B	28.71B	37.44B	37.57B	29.27B	24.58B	24.02B
Accounts Payable	6.18B	6.54B	6.7B	6.74B	21.88B	19.82B	5.96B	15.19B	15.6B
Accrued Expenses	6.76B	7.34B	6.26B	6.54B	0	0	4.97B	0	0
Deferred Revenue	-10.35B	-4.27B	-6.68B	-7.53B	589.7M	543.23M	0	877.12M	0
Other Current Liabilities	15.66B	4.98B	5.96B	6.32B	1.29B	1.26B	10.55B	1.15B	731.76M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Other Liabilities	-266M	0	-9.13B	-9.91B	4.62B	3.82B	3.35B	4.48B	4.91B
Total Equity	68.61B▲ 0%	63.45B▼ 7.5%	62.63B▼ 1.3%	57.82B▼ 7.7%	63.5B▲ 9.8%	70.06B▲ 10.3%	61B▼ 12.9%	58.24B▼ 4.5%	54.42B▼ 6.6%
Equity Growth %	-6.93%	-7.52%	-1.29%	-7.68%	9.84%	10.32%	-12.93%	-4.52%	-6.56%
Shareholders Equity	67.64B	62.22B	61.41B	55.8B	60.95B	68.88B	59.97B	56.98B	50.69B
Minority Interest	967M	1.23B	1.22B	2.01B	2.55B	1.18B	1.03B	1.26B	3.74B
Common Stock	4.8B	4.8B	4.8B	4.8B	5.34B	5.21B	4.8B	4.67B	3.95B
Additional Paid-in Capital	150.2B	152.5B	152.63B	150.81B	165.8B	162.04B	149.25B	161.85B	150.47B
Retained Earnings	-106.69B	-116.72B	-120.35B	-121.59B	-135.77B	-122.86B	-114.64B	-133.41B	-126.66B
Accumulated OCI	27.8B	29.52B	32.13B	27.95B	32.31B	31.55B	28.2B	29.88B	29.64B
Return on Assets (ROA)	2.94%	-3.29%	-0.6%	0.04%	1.37%	6.96%	0.73%	-2.94%	-0.3%
Return on Equity (ROE)	6.19%	-7.18%	-1.49%	0.1%	3.69%	17.73%	1.74%	-6.99%	-0.71%
Debt / Equity	0.63x	0.83x	1.11x	1.16x	1.23x	1.03x	0.96x	0.99x	0.97x
Debt / Assets	29.71%	37.07%	41.41%	43.08%	45.5%	42.69%	40.53%	41.35%	40.51%
Net Debt / EBITDA	2.53x	2.74x	2.90x	3.17x	4.31x	2.40x	3.72x	4.38x	2.72x
Book Value per Share	24.63	22.98	25.52	23.56	25.88	25.22	22.47	22.23	22.64

VOD Cash Flow Statement

Vodafone Group Public Limited Company (VOD) cash flow — operating, investing & free cash flow history

Metric	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash from Operations	13.6B	12.98B	17.38B	17.21B	18.08B	18.05B	16.56B	15.37B	13.49B
Operating CF Growth %	-4.38%	-4.56%	33.89%	-0.94%	5.03%	-0.15%	-8.29%	-7.15%	-12.27%
Operating CF / Revenue %	29.2%	28.86%	37.85%	39.3%	48.85%	47.92%	45.09%	41.05%	33.11%
Net Income	2.44B	-8.02B	-920M	59M	2.24B	11.84B	1.14B	-3.72B	-290.94M
Depreciation & Amortization	10.41B	9.79B	14.17B	14.1B	11.54B	11.19B	10.41B	10.8B	12.54B
Deferred Taxes	1.02B	30M	-164M	-649M	681M	497M	0	0	0
Other Non-Cash Items	752M	11.21B	4.13B	3.06B	4.3B	-4.97B	4.76B	8.15B	1.24B
Working Capital Changes	-1.14B	-162M	30M	514M	-800M	-638M	114M	70M	0
Capital Expenditures	-9.84B	-9.22B	-8.09B	-9.26B	-6.87B	-4.96B	-6.86B	-6.7B	-4.9B
CapEx / Revenue %	21.13%	20.49%	17.61%	21.14%	18.56%	16.59%	11.49%	11.55%	18.09%
CapEx / D&A	0.95x	0.94x	0.57x	0.66x	0.60x	0.56x	0.41x	0.40x	0.59x
CapEx Coverage (OCF/CapEx)	1.38x	1.41x	2.15x	1.86x	2.63x	2.89x	3.92x	3.56x	1.83x
Cash from Investing	-9.84B	-9.22B	-8.09B	-9.26B	-6.87B	-379M	-6.12B	4.76B	-5.54B
Acquisitions	312M	-499M	-7.29B	428M	1M	6.9B	358M	13.91B	-15.1M
Purchase of Investments	-3.9B	-3.63B	-1.83B	-3.73B	-2.01B	-767M	0	-3.5B	-1.8B
Sale of Investments	1.25B	2.27B	7.79B	1.7B	3.28B	1.65B	0	737M	3.65B
Other Investing	-2.58B	-2.31B	-1.57B	-2.25B	-2.34B	-1.91B	-2.26B	-2.07B	0
Cash from Financing	-7.23B	4.44B	-9.35B	-15.2B	-9.71B	-13.43B	-15.86B	-15.28B	-9.71B
Dividends Paid	-3.92B	-4.06B	-2.3B	-2.43B	-2.47B	-2.48B	-2.43B	-1.79B	-1.1B
Dividend Payout Ratio %	88.93%	-	-	4113.56%	110.59%	20.98%	213.16%	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Stock Issued	20M	7M	7M	5M	0	10M	3M	3M	2.01M
Share Repurchases	-1.77B	-475M	-821M	-62M	-2.09B	-1.87B	0	-1.87B	-2.05B
Other Financing	-596M	475M	-147M	-2.04B	-3.76B	-2.66B	-5.99B	-3.42B	-173.15M
Net Change in Cash	-3.91B▲ 0%	8.21B▲ 310.1%	-317M▼ 103.9%	-7.5B▼ 2265.3%	1.58B▲ 121.1%	4.26B▲ 169.3%	-5.51B▼ 229.5%	4.78B▲ 186.7%	-1.33B▼ 127.9%
Exchange Rate Effect	-433M	11M	-256M	-255M	74M	12M	-94M	-75M	431.82M
Cash at Beginning	9.3B	5.39B	13.61B	13.29B	5.79B	7.37B	11.63B	6.11B	10.32B
Cash at End	5.39B	13.61B	13.29B	5.79B	7.37B	11.63B	6.11B	10.89B	8.99B
Free Cash Flow	3.76B▲ 0%	3.76B▲ 0.1%	9.29B▲ 146.9%	7.95B▼ 14.4%	11.21B▲ 41.0%	13.1B▲ 16.8%	9.7B▼ 26.0%	8.67B▼ 10.5%	8.58B▼ 1.0%
FCF Growth %	-52.65%	0.11%	146.9%	-14.4%	40.99%	16.8%	-25.96%	-10.55%	-1.05%
FCF Margin %	8.07%	8.37%	20.23%	18.15%	30.3%	34.77%	26.41%	23.16%	21.07%
FCF / Net Income %	85.28%	-79.41%	-989.07%	13479.66%	501.25%	110.64%	850.61%	-208.06%	-2147.61%

VOD Key Ratios

Vodafone Group Public Limited Company (VOD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Return on Equity (ROE)	-2.75%	6.19%	-7.18%	-1.49%	0.1%	3.69%	17.73%	1.74%	-6.99%	-0.71%
EBITDA Margin	29.82%	32.7%	31.86%	42.06%	43.9%	43.66%	65.58%	38.34%	27.75%	39.39%
Net Debt / EBITDA	2.66x	2.53x	2.74x	2.90x	3.17x	4.31x	2.40x	3.72x	4.38x	2.72x
Interest Coverage	3.20x	4.73x	-0.06x	2.44x	2.70x	2.81x	6.32x	1.59x	0.35x	1.47x
CapEx / Revenue	13.2%	21.13%	20.49%	17.61%	21.14%	18.56%	16.59%	11.49%	11.55%	18.09%
Dividend Payout Ratio	-	88.93%	-	-	4113.56%	110.59%	20.98%	213.16%	-	-
Debt / Equity	0.63x	0.63x	0.83x	1.11x	1.16x	1.23x	1.03x	0.96x	0.99x	0.97x
EPS Growth	58.95%	305.13%	-200%	76.88%	105.41%	3750%	458.44%	-90.23%	-480.95%	90%

VOD Frequently Asked Questions

Vodafone Group Public Limited Company (VOD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Vodafone Group Public Limited Company (VOD) reported $78.20B in revenue for fiscal year 2026. This represents a 3067% increase from $2.47B in 1997.

Vodafone Group Public Limited Company (VOD) grew revenue by 8.8% over the past year. This is steady growth.

Vodafone Group Public Limited Company (VOD) reported a net loss of $4.58B for fiscal year 2026.

Dividend & Returns

Yes, Vodafone Group Public Limited Company (VOD) pays a dividend with a yield of 3.69%. This makes it attractive for income-focused investors.

Vodafone Group Public Limited Company (VOD) has a return on equity (ROE) of -0.7%. Negative ROE indicates the company is unprofitable.

Vodafone Group Public Limited Company (VOD) generated $18.56B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Vodafone Group Public Limited Company (VOD) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in VOD back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →

How much would $100/month in VOD be worth today?

Dollar cost averaging calculator · DCA vs lump sum

Calculate →

Vodafone Group Public Limited Company(VOD)Earnings, Financials & Key Ratios

VOD•NASDAQ•Utilities

Price updated Jun 19, 2026

SectorCommunication Services IndustryTelecom Services Sub-IndustryIntegrated Telecom and Media Groups

Revenue$40.73B+8.8%
EBITDA$16.05B+54.4%
Net Income-$400M+90.4%
Free Cash Flow$8.58B-1.0%
EBITDA Margin39.39%+41.9%
Net Margin-0.98%+91.2%
ROE-0.71%+89.9%
Interest Coverage1.47+314.5%
Debt/Equity0.97-1.8%