VEON Ltd. (VEON) quarterly income statement — complete revenue, gross profit & net income history
VEON Ltd. (VEON) annual income statement — 19-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 1.27B | 1.21B | 1.18B | 1.11B | 1.09B | 1.03B | 998M | 1.04B | 1.03B | 942M | 953M | 945M | 916M | 884M | 939M | 891M | 957M | 968M | 2.05B | 2B |
| Revenue Growth % | 16.93% | 17.58% | 18.54% | 7.52% | 5.84% | 8.92% | 4.72% | 9.74% | 12.12% | 6.56% | 1.49% | 6.06% | -4.28% | -8.68% | -54.24% | -55.56% | -49.68% | -47.1% | 2.65% | 10.23% |
| Cost of Revenue | 171M | 361.6M | 367.75M | 133M | 104M | 129M | 131M | 144M | 121M | 119M | 107M | 107M | 110M | 117M | 120M | 119M | 120M | 117M | 498M | 486M |
| Gross Profit | 1.1B | 844.74M | 815.31M | 982M | 983M | 897M | 867M | 893M | 906M | 823M | 846M | 838M | 806M | 767M | 819M | 772M | 837M | 851M | 1.55B | 1.52B |
| Gross Margin % | 86.55% | 70.02% | 68.92% | 88.07% | 90.43% | 87.43% | 86.87% | 86.11% | 88.22% | 87.37% | 88.77% | 88.68% | 87.99% | 86.76% | 87.22% | 86.64% | 87.46% | 87.91% | 75.73% | 75.76% |
| Gross Profit Growth % | 11.9% | -5.83% | -5.96% | 9.97% | 8.5% | 8.99% | 2.48% | 6.56% | 12.41% | 7.3% | 3.3% | 8.55% | -3.7% | -9.87% | -47.3% | -49.18% | -41.59% | -39.34% | 3.46% | 10.15% |
| Operating Expenses | 773M | 535.37M | 496.06M | 923M | 163M | 658M | 637M | 492M | 628M | 622M | 623M | 579M | 564M | 562M | 299M | 433M | 612M | 620M | 1.14B | 1.11B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 552M | 519.3M | 525.36M | 264M | 1.02B | 437M | 413M | 582M | 458M | 385M | 352M | 446M | 426M | 386M | 660.75M | 525M | 421M | 425M | 920M | 885M |
| EBITDA Margin % | 43.43% | 43.05% | 44.41% | 23.68% | 93.47% | 42.59% | 41.38% | 56.12% | 44.6% | 40.87% | 36.94% | 47.2% | 46.51% | 43.67% | 70.37% | 58.92% | 43.99% | 43.9% | 44.83% | 44.14% |
| EBITDA Growth % | -45.67% | 18.83% | 27.21% | -54.64% | 121.83% | 13.51% | 17.33% | 30.49% | 7.51% | -0.26% | -46.73% | -15.05% | 1.19% | -9.18% | -28.18% | -40.68% | -47.7% | -47.01% | 25.51% | 21.9% |
| Depreciation & Amortization | 225M | 209.93M | 206.1M | 205M | 196M | 198M | 183M | 181M | 180M | 184M | 129M | 187M | 184M | 181M | 140.75M | 186M | 196M | 194M | 503M | 472M |
| D&A / Revenue % | 17.7% | 17.4% | 17.42% | 18.39% | 18.03% | 19.3% | 18.34% | 17.45% | 17.53% | 19.53% | 13.54% | 19.79% | 20.09% | 20.48% | 14.99% | 20.88% | 20.48% | 20.04% | 24.51% | 23.54% |
| Operating Income (EBIT) | 327M | 309.37M | 319.26M | 59M | 820M | 239M | 230M | 401M | 278M | 201M | 223M | 259M | 242M | 205M | 520M | 339M | 225M | 231M | 417M | 413M |
| Operating Margin % | 25.73% | 25.65% | 26.99% | 5.29% | 75.44% | 23.29% | 23.05% | 38.67% | 27.07% | 21.34% | 23.4% | 27.41% | 26.42% | 23.19% | 55.38% | 38.05% | 23.51% | 23.86% | 20.32% | 20.6% |
| Operating Income Growth % | -60.12% | 29.44% | 38.81% | -85.29% | 194.96% | 18.91% | 3.14% | 54.83% | 14.88% | -1.95% | -57.12% | -23.6% | 7.56% | -11.26% | 24.7% | -17.92% | -36.62% | -35.65% | 56.18% | 202.48% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.20x | 2.22x | 1.39x | -0.63x | 2.51x | 1.96x | 1.83x | 2.08x | 2.39x | 1.53x | 1.55x | 1.95x | 1.65x | 1.46x | 2.59x | 0.80x | 1.89x | 1.65x | 2.38x | 2.24x |
| Interest / Revenue % | 0.08% | 0.08% | 0.08% | 0.09% | 0.09% | 0.1% | 0.1% | 0.1% | 0.1% | 0.11% | 0.1% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.1% | 0.1% | 0.05% | 0.05% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 200M | 183.81M | 56.58M | -83M | 682M | 130M | 149M | 294M | 142M | 119M | 151M | 184M | 188M | 36M | 539M | 134M | 114M | 211M | 253M | 238M |
| Pretax Margin % | 15.74% | 15.24% | 4.78% | -7.44% | 62.74% | 12.67% | 14.93% | 28.35% | 13.83% | 12.63% | 15.84% | 19.47% | 20.52% | 4.07% | 57.4% | 15.04% | 11.91% | 21.8% | 12.33% | 11.87% |
| Income Tax | 60M | 60.27M | 64.66M | 44M | 74M | 12M | 56M | 67M | 53M | 41M | 63M | 53M | 40M | 23M | 85M | -60M | 71M | -28M | -25M | 111M |
| Effective Tax Rate % | 30% | 32.79% | 114.29% | -53.01% | 10.85% | 9.23% | 37.58% | 22.79% | 37.32% | 34.45% | 41.72% | 28.8% | 21.28% | 63.89% | 15.77% | -44.78% | 62.28% | -13.27% | -9.88% | 46.64% |
| Net Income | 122M | 99.44M | -31.32M | -131M | 595M | 99M | 81M | 209M | 68M | 57M | -3.57B | 448M | 250M | 343M | 555M | -512M | 136M | -141M | 299M | 145M |
| Net Margin % | 9.6% | 8.24% | -2.65% | -11.75% | 54.74% | 9.65% | 8.12% | 20.15% | 6.62% | 6.05% | -374.5% | 47.41% | 27.29% | 38.8% | 59.11% | -57.46% | 14.21% | -14.57% | 14.57% | 7.23% |
| Net Income Growth % | -79.5% | 0.44% | -138.67% | -162.68% | 775% | 73.68% | 102.27% | -53.35% | -72.8% | -83.38% | -743.06% | 187.5% | 83.82% | 343.26% | 85.62% | -453.1% | 36% | -208.46% | 4171.43% | 123.39% |
| EPS (Diluted) | 1.75 | 1.39 | -0.59 | -1.91 | 8.50 | 1.41 | 1.15 | 2.95 | 0.96 | 0.81 | -50.76 | 6.38 | 3.56 | 4.89 | 2.85 | -7.31 | 1.94 | -2.02 | 4.25 | 2.25 |
| EPS Growth % | -79.41% | -1.42% | -151.3% | -164.75% | 785.42% | 74.07% | 102.27% | -53.76% | -73.03% | -83.44% | -1881.05% | 187.28% | 83.51% | 342.08% | -32.94% | -424.89% | 35.66% | -215.43% | 4162.79% | 125.39% |
| EPS (Basic) | 1.75 | 1.43 | -0.59 | -1.91 | 8.50 | 1.41 | 1.15 | 2.95 | 0.96 | 0.81 | -50.76 | 6.38 | 3.56 | 4.89 | 2.85 | -7.31 | 1.94 | -2.02 | 4.27 | 2.25 |
| Diluted Shares Outstanding | 70.92M | 71.4M | 52.86M | 68.76M | 70.1M | 70.1M | 70.62M | 70.74M | 70.65M | 70.24M | 73.93M | 70.23M | 70.14M | 70.14M | 70.13M | 70.07M | 68M | 69.97M | 67.47M | 64.44M |