Telefônica Brasil S.A. (VIV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Telefônica Brasil S.A. (VIV) stock price & volume — 10-year historical chart
Telefônica Brasil S.A. (VIV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Telefônica Brasil S.A. (VIV) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 23, 2026 | $0.22vs $0.17+29.4% | $3.0Bvs $2.9B+3.6% |
| Q4 2025 | Oct 30, 2025 | $0.22vs $0.19+15.8% | $2.8Bvs $2.9B-2.6% |
| Q3 2025 | Jul 28, 2025 | $0.15vs $0.16-6.3% | $2.7Bvs $2.7B-0.1% |
| Q2 2025 | May 12, 2025 | $0.11vs $0.12-8.3% | $2.5Bvs $2.5B-2.8% |
Telefônica Brasil S.A. (VIV) competitors in Integrated Telecom and Media Groups — business model, growth, and fundamentals comparison
Telefônica Brasil S.A. (VIV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Telefônica Brasil S.A. (VIV) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 42.51B | 43.21B | 43.46B | 44.27B | 43.13B | 44.03B | 48.04B | 52.1B | 55.85B | 59.83B |
| Revenue Growth % | 5.51% | 1.64% | 0.59% | 1.85% | -2.58% | 2.1% | 9.1% | 8.45% | 7.19% | 7.14% |
| Cost of Revenue | 20.82B | 20.27B | 21.03B | 22.16B | 22.69B | 24.78B | 27.43B | 29.42B | 31.35B | 33.72B |
| Gross Profit | 21.69B▲ 0% | 22.93B▲ 5.8% | 22.44B▼ 2.2% | 22.11B▼ 1.5% | 20.43B▼ 7.6% | 19.25B▼ 5.8% | 20.61B▲ 7.1% | 22.68B▲ 10.1% | 24.49B▲ 8.0% | 26.11B▲ 0% |
| Gross Margin % | 51.01% | 53.08% | 51.62% | 49.94% | 47.38% | 43.72% | 42.9% | 43.54% | 43.86% | 43.64% |
| Gross Profit Growth % | 8.74% | 5.76% | -2.17% | -1.46% | -7.58% | -5.79% | 7.06% | 10.07% | 7.97% | - |
| Operating Expenses | 15.32B | 16.3B | 12.98B | 14.89B | 13.85B | 12.17B | 14.01B | 14.77B | 15.82B | 16.65B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 14.02B | 14.49B | 17.82B | 18.13B | 17.81B | 19.12B | 19.26B | 21.31B | 22.88B | 24.47B |
| EBITDA Margin % | 32.99% | 33.53% | 41.01% | 40.97% | 41.3% | 43.43% | 40.09% | 40.9% | 40.96% | 40.89% |
| EBITDA Growth % | 16.32% | 3.31% | 23.05% | 1.74% | -1.79% | 7.39% | 0.7% | 10.64% | 7.36% | 6.95% |
| Depreciation & Amortization | 7.65B | 7.85B | 8.37B | 10.92B | 11.23B | 12.04B | 12.66B | 13.39B | 14.2B | 15B |
| D&A / Revenue % | 18.01% | 18.18% | 19.25% | 24.67% | 26.03% | 27.34% | 26.35% | 25.7% | 25.43% | 25.07% |
| Operating Income (EBIT) | 6.37B▲ 0% | 6.63B▲ 4.1% | 9.46B▲ 42.6% | 7.21B▼ 23.7% | 6.58B▼ 8.8% | 7.09B▲ 7.7% | 6.6B▼ 6.9% | 7.92B▲ 20.0% | 8.67B▲ 9.5% | 9.46B▲ 0% |
| Operating Margin % | 14.98% | 15.35% | 21.76% | 16.3% | 15.26% | 16.09% | 13.73% | 15.2% | 15.53% | 15.82% |
| Operating Income Growth % | 21.54% | 4.15% | 42.58% | -23.7% | -8.77% | 7.66% | -6.89% | 20% | 9.54% | - |
| Interest Expense | 361.4M | 1.07B | 510.4M | 247.28M | 777.85M | 924M | 2.2B | 451.69M | 577.23M | 4M |
| Interest Coverage | 17.62x | 6.20x | 18.53x | 29.18x | 8.46x | 7.67x | 3.00x | 17.53x | 15.03x | - |
| Interest / Revenue % | 0.85% | 2.47% | 1.17% | 0.56% | 1.8% | 2.1% | 4.57% | 0.87% | 1.03% | 0.01% |
| Non-Operating Income | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 5.13B▲ 0% | 5.73B▲ 11.6% | 11.28B▲ 96.8% | 6.39B▼ 43.3% | 6.01B▼ 6.0% | 5.96B▼ 0.8% | 4.83B▼ 18.9% | 5.57B▲ 15.4% | 6.76B▲ 21.3% | 7.3B▲ 0% |
| Pretax Margin % | 12.08% | 13.26% | 25.95% | 14.44% | 13.93% | 13.53% | 10.06% | 10.7% | 12.11% | 12.21% |
| Income Tax | 1.05B | 1.12B | 2.35B | 1.39B | 1.24B | -269.83M | 773.69M | 533.94M | 1.21B | 1.1B |
| Effective Tax Rate % | 20.44% | 19.58% | 20.83% | 21.79% | 20.6% | -4.53% | 16.01% | 9.58% | 17.84% | 15.03% |
| Net Income | 4.09B▲ 0% | 4.61B▲ 12.8% | 8.93B▲ 93.7% | 5B▼ 44.0% | 4.77B▼ 4.6% | 6.24B▲ 30.8% | 4.09B▼ 34.5% | 5.03B▲ 23.1% | 5.55B▲ 10.3% | 6.2B▲ 0% |
| Net Margin % | 9.61% | 10.67% | 20.54% | 11.3% | 11.06% | 14.17% | 8.5% | 9.65% | 9.93% | 10.36% |
| Net Income Growth % | 22.63% | 12.82% | 93.72% | -43.99% | -4.61% | 30.79% | -34.53% | 23.12% | 10.31% | 11.67% |
| EPS (Diluted) | 2.27▲ 0% | 2.56▲ 12.8% | 5.29▲ 106.6% | 2.96▼ 44.0% | 2.83▼ 4.4% | 3.71▲ 31.1% | 2.44▼ 34.2% | 3.03▲ 24.2% | 3.38▲ 11.6% | 3.88▲ 0% |
| EPS Growth % | 5.58% | 12.78% | 106.64% | -44.05% | -4.39% | 31.1% | -34.23% | 24.18% | 11.55% | 14.5% |
| EPS (Basic) | 2.27 | 2.56 | 5.29 | 2.96 | 2.83 | 3.71 | 2.44 | 3.03 | 3.38 | - |
| Diluted Shares Outstanding | 1.69B | 1.69B | 1.69B | 1.69B | 1.69B | 1.68B | 1.67B | 1.66B | 1.64B | 1.6B |
Telefônica Brasil S.A. (VIV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 102.07B | 101.38B | 102.56B | 108.29B | 108.74B | 115.74B | 119.12B | 120.74B | 124.94B | 128.01B |
| Asset Growth % | 0.37% | -0.67% | 1.16% | 5.59% | 0.41% | 6.44% | 2.92% | 1.36% | 3.48% | 6.78% |
| PP&E (Net) | 31.92B | 33.22B | 34.12B | 42.85B | 44.35B | 44.41B | 45.9B | 46.32B | 46.81B | 47.33B |
| PP&E / Total Assets % | 31.28% | 32.77% | 33.26% | 39.57% | 40.79% | 38.37% | 38.53% | 38.36% | 37.47% | 36.98% |
| Total Current Assets | 18.4B | 16.73B | 18.36B | 18.64B | 19.06B | 21.06B | 17.28B | 19.24B | 22.81B | 25.21B |
| Cash & Equivalents | 5.11B | 4.05B | 3.38B | 3.39B | 5.76B | 6.45B | 2.27B | 4.36B | 6.69B | 7.14B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 410.4M | 348.75M | 462.1M | 578M | 633M | 640M | 789.72M | 822.81M | 1.1B | 1.48B |
| Other Current Assets | 811.46M | 733.68M | 302.61M | 680.04M | 3.62B | 464.32M | 939.93M | 360.82M | 526.66M | 315.21M |
| Long-Term Investments | 163.9M | 98.9M | 178.6M | 168M | 190M | 393.53M | 411.72M | 475.04M | 609M | 5.43B |
| Goodwill | 23.06B | 23.06B | 23.06B | 23.06B | 23.03B | 22.87B | 26.36B | 26.39B | 26.57B | 27.22B |
| Intangible Assets | 21.42B | 20.27B | 19.16B | 18.22B | 17.56B | 21.24B | 23.36B | 22.57B | 21.7B | 20.72B |
| Other Assets | 7.07B | 7.63B | 7.45B | 5.18B | 4.41B | 5.57B | 5.42B | 5.56B | 6.29B | 3.6B |
| Total Liabilities | 32.82B | 31.92B | 30.95B | 37.83B | 39.18B | 45.66B | 50.67B | 51.11B | 55.14B | 59.04B |
| Total Debt | 9.22B | 8.46B | 6.14B | 13.82B | 13.24B | 16.93B | 19.3B | 18.74B | 20.75B | 30.88B |
| Net Debt | 4.12B | 4.41B | 2.76B | 10.43B | 7.48B | 10.48B | 17.03B | 14.38B | 14.06B | 23.74B |
| Long-Term Debt | 4.23B | 5.09B | 4.34B | 2.54B | 999.96M | 1.7B | 4.75B | 4.54B | 3.57B | 14.99B |
| Short-Term Borrowings | 4.62B | 2.98B | 1.41B | 2.1B | 1.42B | 4B | 2.52B | 598.57M | 1.93B | 5.35B |
| Capital Lease Obligations | 374.43M | 385.46M | 393.03M | 9.19B | 10.82B | 11.23B | 12.03B | 13.6B | 15.25B | 54.06B |
| Total Current Liabilities | 20.44B | 17.86B | 17.16B | 17.73B | 17.88B | 22.46B | 22.17B | 20.08B | 24.26B | 25.23B |
| Accounts Payable | 7.61B | 7.45B | 7.64B | 6.87B | 6.61B | 7.13B | 7.42B | 8.17B | 9.23B | 9.86B |
| Accrued Expenses | 771.63M | 740.32M | 782.63M | 613.46M | 612.93M | 716.64M | 782.69M | 1.05B | 0 | 8.34B |
| Deferred Revenue | 429.9M | 372.56M | 525.5M | 506M | 507M | 604.65M | 845.64M | 960.08M | 1.02B | 1.08B |
| Other Current Liabilities | 5.08B | 6.27B | 6.73B | 5.61B | 6.46B | 7.1B | 7.1B | 5.42B | 3.73B | 7.43B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 12.42B |
| Other Liabilities | 7.31B | 7.57B | 6.88B | 7.05B | 7.1B | 8.84B | 11.24B | 13.22B | 12.44B | 3.82B |
| Total Equity | 69.24B▲ 0% | 69.46B▲ 0.3% | 71.61B▲ 3.1% | 70.46B▼ 1.6% | 69.56B▼ 1.3% | 70.08B▲ 0.8% | 68.46B▼ 2.3% | 69.63B▲ 1.7% | 69.8B▲ 0.2% | 68.97B▲ 0% |
| Equity Growth % | 0.99% | 0.31% | 3.09% | -1.61% | -1.28% | 0.76% | -2.32% | 1.71% | 0.25% | -4.58% |
| Shareholders Equity | 69.24B | 69.46B | 71.61B | 70.46B | 69.56B | 70.01B | 68.4B | 69.57B | 69.73B | 68.69B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 79M | 52.11M | 60.52M | 69.91M | 280.84M |
| Common Stock | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 63.57B | 62.07B | 60.04B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 2.48B | 2.52B | 2.47B | 5.69B | 1.59B | 5.53B | 1.04B | 5.89B | 7.52B | 4.31B |
| Accumulated OCI | 5.67B | 5.89B | 8.04B | 6.88B | 5.99B | 1.43B | 809.03M | 110M | 135.14M | 4.34B |
| Return on Assets (ROA) | 4.01% | 4.53% | 8.76% | 4.74% | 4.4% | 5.56% | 3.48% | 4.19% | 4.52% | 4.84% |
| Return on Equity (ROE) | 5.93% | 6.65% | 12.66% | 7.04% | 6.81% | 8.94% | 5.9% | 7.28% | 7.96% | 8.98% |
| Debt / Equity | 0.13x | 0.12x | 0.09x | 0.20x | 0.19x | 0.24x | 0.28x | 0.27x | 0.30x | 0.30x |
| Debt / Assets | 9.04% | 8.35% | 5.99% | 12.77% | 12.18% | 14.63% | 16.2% | 15.52% | 16.61% | 24.12% |
| Net Debt / EBITDA | 0.29x | 0.30x | 0.15x | 0.58x | 0.42x | 0.55x | 0.88x | 0.67x | 0.61x | 0.61x |
| Book Value per Share | 41 | 41.13 | 42.4 | 41.72 | 41.19 | 41.64 | 40.97 | 41.98 | 42.52 | 43.16 |
Telefônica Brasil S.A. (VIV) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 11.44B | 12.64B | 11.94B | 17.72B | 19.34B | 18.07B | 18.94B | 18.79B | 19.88B | 19.88B |
| Operating CF Growth % | 9.23% | 10.49% | -5.53% | 48.4% | 9.14% | -6.56% | 4.81% | -0.82% | 5.81% | 19.7% |
| Operating CF / Revenue % | 26.91% | 29.26% | 27.48% | 40.03% | 44.85% | 41.04% | 39.43% | 36.06% | 35.59% | 33.22% |
| Net Income | 5.13B | 5.73B | 11.28B | 6.39B | 6.01B | 6.24B | 4.83B | 5.57B | 6.76B | 6.2B |
| Depreciation & Amortization | 7.65B | 7.85B | 8.37B | 10.92B | 11.23B | 12.04B | 12.66B | 13.39B | 14.2B | 15B |
| Deferred Taxes | 985.18M | 999.42M | 1.1B | 625.48M | 673.9M | 1.07B | 653.69M | 661.74M | 0 | 0 |
| Other Non-Cash Items | 1.05B | 923.34M | 483.71M | 1.49B | 1.55B | -114.66M | 1.07B | 226.31M | 722.74M | 1.84B |
| Working Capital Changes | -3.41B | -3.21B | -10.35B | -1.72B | -138.02M | -1.17B | -309.87M | -1.12B | -1.81B | -2.22B |
| Capital Expenditures | -7.47B | -8.37B | -8.52B | -8.84B | -8.29B | -9.3B | -9.89B | -8.81B | -9.32B | -9.5B |
| CapEx / Revenue % | 17.58% | 19.37% | 19.6% | 19.97% | 19.22% | 21.11% | 20.6% | 16.91% | 16.7% | 15.88% |
| CapEx / D&A | 0.98x | 1.07x | 1.02x | 0.81x | 0.74x | 0.77x | 0.78x | 0.66x | 0.66x | 0.63x |
| CapEx Coverage (OCF/CapEx) | 1.53x | 1.51x | 1.40x | 2.00x | 2.33x | 1.94x | 1.91x | 2.13x | 2.13x | 2.09x |
| Cash from Investing | -6.89B | -8.44B | -5.68B | -7.93B | -6.41B | -8.13B | -14.2B | -7.85B | -8.91B | -10.04B |
| Acquisitions | 778.82M | -206.65M | 9.05M | -70.84M | -6.76M | 760.25M | 69.39M | -63.8M | -168.52M | -3M |
| Purchase of Investments | -202.53M | 20.67M | 0 | 0 | 959.35M | -760.25M | -4.98B | 0 | -5.3M | -87.42M |
| Sale of Investments | 0 | 1000K | 10K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | 576.3M | 83.61M | 2.84B | 982.3M | 811.81M | 923.58M | 366.31M | 828.1M | 422.1M | 414.15M |
| Cash from Financing | -4.78B | -5.26B | -6.93B | -9.78B | -10.56B | -9.26B | -8.91B | -8.85B | -8.63B | -10.43B |
| Dividends Paid | -2.97B | -3.67B | -4.14B | -6.18B | -5.26B | -4.9B | -5.71B | -3.83B | -2.53B | -2.2B |
| Dividend Payout Ratio % | 72.61% | 79.6% | 46.33% | 123.51% | 110.25% | 78.55% | 139.76% | 76.2% | 45.65% | - |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 654.87K |
| Share Repurchases | -164K | -32K | 0 | 0 | -22.72M | -496M | -607.44M | -488.76M | -2.76B | -3.98B |
| Other Financing | -106.97M | -159.41M | 95.99M | 91.54M | 15.19M | 40.04M | -110.62M | -107.2M | 76.26M | 1.01B |
| Net Change in Cash | -231.74M▲ 0% | -1.05B▼ 355.2% | -669.01M▲ 36.6% | 12.05M▲ 101.8% | 2.37B▲ 19558.9% | 686.4M▼ 71.0% | -4.17B▼ 708.2% | 2.08B▲ 149.9% | 2.33B▲ 11.9% | 141.75M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K |
| Cash at Beginning | 5.34B | 5.11B | 4.05B | 3.38B | 3.39B | 5.76B | 6.45B | 2.27B | 4.36B | 7.1B |
| Cash at End | 5.11B | 4.05B | 3.38B | 3.39B | 5.76B | 6.45B | 2.27B | 4.36B | 6.69B | 7.14B |
| Free Cash Flow | 3.97B▲ 0% | 4.27B▲ 7.6% | 3.42B▼ 19.9% | 8.88B▲ 159.4% | 11.05B▲ 24.4% | 8.78B▼ 20.6% | 9.05B▲ 3.1% | 9.97B▲ 10.2% | 10.55B▲ 5.8% | 11.32B▲ 0% |
| FCF Growth % | 171.17% | 7.64% | -19.88% | 159.42% | 24.43% | -20.59% | 3.08% | 10.24% | 5.79% | 7.24% |
| FCF Margin % | 9.34% | 9.89% | 7.88% | 20.07% | 25.63% | 19.93% | 18.83% | 19.15% | 18.9% | 18.91% |
| FCF / Net Income % | 97.18% | 92.72% | 38.35% | 177.62% | 231.68% | 140.67% | 221.49% | 198.33% | 190.2% | 182.65% |
Telefônica Brasil S.A. (VIV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.93% | 6.65% | 12.66% | 7.04% | 6.81% | 8.94% | 5.9% | 7.28% | 7.96% | 8.98% |
| EBITDA Margin | 32.99% | 33.53% | 41.01% | 40.97% | 41.3% | 43.43% | 40.09% | 40.9% | 40.96% | 40.89% |
| Net Debt / EBITDA | 0.29x | 0.30x | 0.15x | 0.58x | 0.42x | 0.55x | 0.88x | 0.67x | 0.61x | 0.61x |
| Interest Coverage | 17.62x | 6.20x | 18.53x | 29.18x | 8.46x | 7.67x | 3.00x | 17.53x | 15.03x | - |
| CapEx / Revenue | 17.58% | 19.37% | 19.6% | 19.97% | 19.22% | 21.11% | 20.6% | 16.91% | 16.7% | 15.88% |
| Dividend Payout Ratio | 72.61% | 79.6% | 46.33% | 123.51% | 110.25% | 78.55% | 139.76% | 76.2% | 45.65% | 35.57% |
| Debt / Equity | 0.13x | 0.12x | 0.09x | 0.20x | 0.19x | 0.24x | 0.28x | 0.27x | 0.30x | 0.30x |
| EPS Growth | 5.58% | 12.78% | 106.64% | -44.05% | -4.39% | 31.1% | -34.23% | 24.18% | 11.55% | 14.5% |
Telefônica Brasil S.A. (VIV) stock FAQ — growth, dividends, profitability & financials explained
Telefônica Brasil S.A. (VIV) reported $59.83B in revenue for fiscal year 2024. This represents a 1224% increase from $4.52B in 1998.
Telefônica Brasil S.A. (VIV) grew revenue by 7.2% over the past year. This is steady growth.
Yes, Telefônica Brasil S.A. (VIV) is profitable, generating $6.20B in net income for fiscal year 2024 (9.9% net margin).
Yes, Telefônica Brasil S.A. (VIV) pays a dividend with a yield of 1.93%. This makes it attractive for income-focused investors.
Telefônica Brasil S.A. (VIV) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
Telefônica Brasil S.A. (VIV) generated $11.32B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Telefônica Brasil S.A. (VIV) has a dividend payout ratio of 46%. This suggests the dividend is well-covered and sustainable.
Telefônica Brasil S.A. (VIV) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates