Telefónica, S.A. (TEF) Earnings History
Net Loss36 years of earnings data (1989–2024) · Currently unprofitable on a TTM basis
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Telefónica, S.A. (TEF) Earnings Overview
As of June 21, 2026, Telefónica, S.A. (TEF) reported trailing twelve-month net income of -$2.12B, reflecting +71.8% year-over-year growth. The company earned $-0.38 per diluted share over the past four quarters, with a net profit margin of -0.1%.
Looking at the long-term picture, TEF's historical earnings data spans multiple years. The company achieved its highest annual net income of $10.17B in fiscal 2010.
Telefónica, S.A. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including T ($21.41B net income, 17.4% margin), VZ ($17.17B net income, 12.4% margin), VOD (-$4.58B net income, -1.0% margin), TEF has room to improve margins relative to the peer group. Compare TEF vs T →
TEF Earnings vs Peers
Earnings metrics vs comparable public companies
TEF Historical Earnings Data (1989–2024)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$49M | +94.5% | $2.40B | $-0.06 | -0.1% | 5.8% |
| 2023 | -$892M | -144.4% | $2.59B | $-0.20 | -2.2% | 6.4% |
| 2022 | $2.01B | -75.3% | $4.06B | $0.31 | 5.0% | 10.1% |
| 2021 | $8.14B | +414.3% | $13.59B | $1.38 | 20.7% | 34.6% |
| 2020 | $1.58B | +38.5% | $4.14B | $0.23 | 3.7% | 9.6% |
| 2019 | $1.14B | -65.7% | $4.54B | $0.32 | 2.4% | 9.4% |
| 2018 | $3.33B | +6.4% | $6.52B | $0.64 | 6.8% | 13.4% |
| 2017 | $3.13B | +32.2% | $6.79B | $0.56 | 6.0% | 13.1% |
| 2016 | $2.37B | -13.7% | $5.47B | $0.42 | 4.6% | 10.5% |
| 2015 | $2.75B | -8.5% | $2.90B | $0.51 | 5.8% | 6.1% |
| 2014 | $3.00B | -34.7% | $6.97B | $0.61 | 6.0% | 13.8% |
| 2013 | $4.59B | +16.9% | $9.45B | $1.01 | 8.0% | 16.6% |
| 2012 | $3.93B | -27.3% | $10.80B | $0.85 | 6.3% | 17.3% |
| 2011 | $5.40B | -46.9% | $10.06B | $1.20 | 8.3% | 15.5% |
| 2010 | $10.17B | +30.7% | $16.47B | $2.25 | 15.3% | 24.7% |
| 2009 | $7.78B | -0.6% | $13.65B | $1.71 | 13.3% | 23.4% |
| 2008 | $7.83B | -12.1% | $13.87B | $1.63 | 13.5% | 23.9% |
| 2007 | $8.91B | +42.9% | $13.39B | $1.87 | 15.8% | 23.7% |
| 2006 | $6.23B | +40.3% | $9.42B | $1.30 | 11.8% | 17.8% |
| 2005 | $4.44B | +54.5% | $8.55B | $0.91 | 11.7% | 22.6% |
| 2004 | $2.88B | +30.7% | $7.23B | $0.64 | 9.2% | 23.2% |
| 2003 | $2.20B | +139.4% | $6.32B | $0.34 | 7.6% | 21.8% |
| 2002 | -$5.58B | -364.6% | $5.03B | $-1.04 | -19.1% | 17.2% |
| 2001 | $2.11B | +114.7% | $5.43B | $0.40 | 6.6% | 17.0% |
| 1996 | $981M | +15.0% | $2.50B | $0.28 | 8.0% | 20.3% |
| 1995 | $853M | +22.3% | $2.50B | $0.25 | 7.7% | 22.4% |
| 1994 | $698M | +20.5% | $2.68B | $0.20 | 6.5% | 25.0% |
| 1990 | $579M | +9.2% | $1.29B | $0.17 | 8.9% | 19.8% |
| 1989 | $530M | - | $942M | $0.16 | 9.7% | 17.2% |
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TEF — Frequently Asked Questions
Quick answers to the most common questions about buying TEF stock.
What is TEF earnings per share (EPS)?
TEF trailing twelve-month (TTM) diluted EPS is $-0.38, reflecting +71.8% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1989 to 2024 is available in the table on this page.
What is Telefónica, S.A.'s net income?
Telefónica, S.A. (TEF) trailing twelve-month net income is $-2.1B as of 2024. Earnings grew +71.8% year-over-year.
Is TEF profitable?
TEF is not currently profitable on a TTM basis, reporting a net loss of $-2.1B. Net margin is -0.1%. Investors should monitor for a return to profitability.
What is TEF's earnings growth rate?
TEF compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2024.
What are TEF's profit margins?
Telefónica, S.A. net profit margin is -0.1%, operating margin is +5.8%, and gross margin is +69.6%. Below-average margins reflect competitive or cost pressures. Return on Equity is -0.2%.
Is TEF growing earnings?
Yes, TEF earnings are accelerating — EPS growth of +71.8% exceeds the 5-year CAGR of N/A. TTM net income reached $-2.1B. Earnings momentum is strengthening.
What was TEF's best earnings year?
Telefónica, S.A.'s highest annual net income on record is $10.2B, achieved in fiscal year 2010. Earnings history on this page spans 1989 to 2024 and includes all annual and quarterly figures.
What were TEF's earnings last quarter?
TEF's most recent reported quarter was Q3 2025. Net income was $276M with diluted EPS of $0.05. For a full breakdown of all quarters, see the quarterly earnings table on this page.