VEON Ltd. (VEON) Earnings History
Annual and quarterly earnings data from 2007 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 87.1% | 27.7% | 10.4% |
| 2023 | 88.1% | 25.1% | -68.4% |
| 2022 | 87.3% | 31.0% | -4.3% |
| 2021 | 87.4% | 26.6% | 17.5% |
| 2020 | 87.0% | 23.6% | -10.0% |
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VEON Ltd. (VEON) Earnings Overview
As of February 26, 2026, VEON Ltd. (VEON) reported trailing twelve-month net income of $644M, reflecting +1.2% year-over-year growth. The company earned $9.37 per diluted share over the past four quarters, with a net profit margin of 0.1%.
Looking at the long-term picture, VEON's 5-year EPS compound annual growth rate (CAGR) stands at -8.4%, signaling declining earnings. The company achieved its highest annual net income of $2.33B in fiscal 2016.
VEON Ltd. maintains positive profitability with a gross margin of 0.9%, operating margin of 0.3%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including TMUS ($10.99B net income, 0.1% margin), TIMB ($4.31B net income, 0.2% margin), AD ($290M net income, 1.8% margin), VEON has room to improve margins relative to the peer group. Compare VEON vs TMUS →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
18 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $415M | +116.4% | $1.11B | $5.73 | 10.4% | 27.7% |
| 2023 | -$2.53B | -1460.5% | $929M | $-36.00 | -68.4% | 25.1% |
| 2022 | -$162M | -124.0% | $1.16B | $-2.25 | -4.3% | 31.0% |
| 2021 | $674M | +293.1% | $1.02B | $9.57 | 17.5% | 26.6% |
| 2020 | -$349M | -156.1% | $823M | $-4.99 | -10.0% | 23.6% |
| 2019 | $622M | +6.9% | $1.86B | $8.89 | 7.7% | 23.2% |
| 2018 | $582M | +215.2% | $554M | $-9.99 | 6.4% | 6.1% |
| 2017 | -$505M | -121.7% | $1.47B | $-7.24 | -5.3% | 15.5% |
| 2016 | $2.33B | +455.4% | $1.08B | $7.87 | 26.2% | 12.2% |
| 2015 | -$655M | -1.2% | $524M | $-9.21 | -6.8% | 5.5% |
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Start ComparisonFrequently Asked Questions
Is VEON growing earnings?
VEON EPS of $9.37 reflects slowing growth at +1.2%, below the 5-year CAGR of -8.4%. TTM net income is $644M. Expansion rate has moderated.
What are VEON's profit margins?
VEON Ltd. net margin is +0.1%, with operating margin at +0.3%. Below-average margins reflect competitive or cost pressures.
How consistent are VEON's earnings?
VEON earnings data spans 2007-2024. The current earnings trend is +1.2% YoY. Historical data enables comparison across business cycles.