Telefônica Brasil S.A. (VIV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 15.17B | 15.85B | 14.95B | 14.65B | 14.39B | 14.58B | 14.04B | 13.68B | 13.55B | 13.53B | 13.11B | 12.73B | 12.72B | 12.66B | 12.2B | 11.83B | 11.35B | 11.5B | 11.03B | 10.65B |
| Revenue Growth % | 5.4% | 8.69% | 6.48% | 7.06% | 6.23% | 7.73% | 7.08% | 7.43% | 6.49% | 6.92% | 7.48% | 7.62% | 12.06% | 10.07% | 10.57% | 11.1% | 4.63% | 2.75% | 2.24% | 3.22% |
| Cost of Goods Sold | 9B | 9.51B | 8.14B | 8.03B | 8.04B | 8.43B | 7.8B | 7.61B | 2.54B | 7.7B | 2.48B | 7.05B | 7.21B | 7.25B | 7.05B | 6.67B | 6.46B | 6.69B | 6.19B | 6B |
| COGS % of Revenue | 59.35% | 60.02% | 54.48% | 54.81% | 55.84% | 57.82% | 55.53% | 55.62% | 18.74% | 56.92% | 18.95% | 55.33% | 56.71% | 57.3% | 57.79% | 56.35% | 56.91% | 58.14% | 56.1% | 56.38% |
| Gross Profit | 6.17B | 6.34B | 6.8B | 6.62B | 6.35B | 6.15B | 6.24B | 6.07B | 11.01B | 5.83B | 10.63B | 5.69B | 5.51B | 5.41B | 5.15B | 5.16B | 4.89B | 4.81B | 4.84B | 4.64B |
| Gross Margin % | 40.65% | 39.98% | 45.52% | 45.19% | 44.16% | 42.18% | 44.47% | 44.38% | 81.26% | 43.08% | 81.05% | 44.67% | 43.3% | 42.7% | 42.21% | 43.65% | 43.09% | 41.86% | 43.9% | 43.62% |
| Gross Profit Growth % | -2.97% | 3% | 8.99% | 9.02% | -42.27% | 5.5% | -41.24% | 6.74% | 99.85% | 7.86% | 106.38% | 10.14% | 12.6% | 12.28% | 6.3% | 11.17% | -1.16% | -8.33% | -1.82% | -5.11% |
| Operating Expenses | 3.92B | 3.87B | 4.04B | 4.37B | 4.37B | 3.72B | 3.95B | 4.03B | 9.1B | 3.58B | 8.51B | 3.82B | 3.83B | 3.44B | 3.42B | 3.69B | 3.46B | 2.83B | 2.95B | 2.87B |
| OpEx % of Revenue | 25.85% | 24.42% | 27% | 29.87% | 30.36% | 25.51% | 28.16% | 29.46% | 67.15% | 26.44% | 64.89% | 29.96% | 30.12% | 27.21% | 28.05% | 31.16% | 30.46% | 24.61% | 26.7% | 26.93% |
| Selling, General & Admin | 3.86B | 3.76B | 3.19B | 3.19B | 3.2B | 3.18B | 3.02B | 2.9B | 2.96B | 2.98B | 3.02B | 2.81B | 2.76B | 2.78B | 2.67B | 2.7B | 2.53B | 5.64B | 2.53B | 2.53B |
| SG&A % of Revenue | 25.48% | 23.76% | 21.34% | 21.78% | 22.21% | 21.84% | 21.49% | 21.19% | 21.88% | 21.99% | 23.04% | 22.08% | 21.72% | 21.96% | 21.87% | 22.86% | 22.33% | 49.08% | 22.91% | 23.77% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 2.24B | 2.47B | 2.77B | 2.24B | 1.98B | 2.43B | 2.29B | 2.04B | 1.91B | 2.25B | 2.12B | 1.87B | 1.68B | 1.96B | 1.73B | 1.48B | 1.43B | 1.98B | 1.9B | 1.78B |
| Operating Margin % | 14.8% | 15.56% | 18.52% | 15.33% | 13.79% | 16.67% | 16.32% | 14.92% | 14.1% | 16.63% | 16.15% | 14.71% | 13.17% | 15.49% | 14.15% | 12.49% | 12.63% | 17.25% | 17.2% | 16.68% |
| Operating Income Growth % | 13.09% | 1.44% | 20.84% | 9.96% | 3.9% | 7.96% | 8.17% | 9.01% | 14% | 14.83% | 22.68% | 26.75% | 16.91% | -1.16% | -9.03% | -16.86% | -7.62% | 1.51% | 23.33% | 34.02% |
| EBITDA | 6.06B | 6.35B | 6.49B | 5.93B | 5.7B | 6.19B | 5.95B | 5.46B | 5.28B | 5.76B | 5.54B | 5.08B | 4.94B | 5.22B | 4.95B | 4.57B | 4.51B | 5.05B | 4.95B | 4.79B |
| EBITDA Margin % | 39.93% | 40.04% | 43.39% | 40.52% | 39.61% | 42.46% | 42.4% | 39.88% | 38.95% | 42.53% | 42.22% | 39.89% | 38.8% | 41.27% | 40.59% | 38.66% | 39.71% | 43.91% | 44.88% | 44.98% |
| EBITDA Growth % | 6.25% | 2.49% | 8.99% | 8.77% | 8.02% | 7.58% | 7.51% | 7.4% | 6.9% | 10.18% | 11.79% | 11.04% | 9.51% | 3.45% | 0.02% | -4.51% | 1.13% | 3.55% | 14.56% | 16.75% |
| D&A (Non-Cash Add-back) | 3.81B | 3.88B | 3.72B | 3.69B | 3.71B | 3.76B | 3.66B | 3.41B | 3.37B | 3.5B | 3.42B | 3.21B | 3.26B | 3.26B | 3.23B | 3.1B | 3.07B | 3.07B | 3.05B | 3.01B |
| EBIT | 2.24B | 2.85B | 2.29B | 1.79B | 2.16B | 824.26M | 1.92B | 1.84B | 1.91B | 1.77B | 2.12B | 1.53B | 1.68B | 1.46B | 1.79B | 967.02M | 958.74M | 1.54B | 1.69B | 1.65B |
| Net Interest Income | -359.31M | -334.65M | -59.52M | 56.4M | -451.89M | -68.51M | -54.46M | -67.86M | -443.84M | -83.51M | -62.41M | -72.73M | -94.57M | -77.59M | -80.25M | -93.87M | -64.05M | -38.73M | -28.37M | -142.82M |
| Interest Income | 278.88M | 283.31M | 55.88M | 293.03M | 294.86M | 39.62M | 40.97M | 40.63M | 195.76M | 29.22M | 60.06M | 31.03M | 33.32M | 28.16M | 37.31M | 27.41M | 38.11M | 29.61M | 23.65M | 71.18M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 1.57B | 2.23B | 2.1B | 1.56B | 1.42B | 2.09B | 1.76B | 1.69B | 1.22B | 1.62B | 1.55B | 1.39B | 1.02B | 1.36B | 1.69B | 876.24M | 909.44M | 1.46B | 1.64B | 1.62B |
| Pretax Margin % | 10.37% | 14.08% | 14.06% | 10.62% | 9.84% | 14.32% | 12.55% | 12.35% | 9.04% | 11.97% | 11.81% | 10.89% | 8.01% | 10.72% | 13.85% | 7.41% | 8.01% | 12.69% | 14.9% | 15.21% |
| Income Tax | 340.05M | 306.8M | 215.05M | 216.65M | 359.5M | 326.65M | 94.03M | 458.17M | 328M | 12.88M | 71M | 265.65M | 183.91M | 231.07M | 252.49M | 130.61M | 159.51M | -1.17B | 328.75M | 274.55M |
| Effective Tax Rate % | 21.62% | 13.75% | 10.23% | 13.93% | 25.39% | 15.64% | 5.34% | 27.12% | 26.8% | 0.79% | 4.59% | 19.16% | 18.06% | 17.03% | 14.95% | 14.91% | 17.54% | -80.03% | 20% | 16.95% |
| Net Income | 1.24B | 1.91B | 1.89B | 1.34B | 1.06B | 1.76B | 1.67B | 1.22B | 895.63M | 1.6B | 1.47B | 1.12B | 834.67M | 1.13B | 1.44B | 762.67M | 756.21M | 2.63B | 1.32B | 1.34B |
| Net Margin % | 8.16% | 12.02% | 12.63% | 9.18% | 7.35% | 12.09% | 11.88% | 8.93% | 6.61% | 11.83% | 11.22% | 8.82% | 6.56% | 8.9% | 11.8% | 6.45% | 6.66% | 22.85% | 11.94% | 12.63% |
| Net Income Growth % | 16.96% | 8.08% | 13.25% | 9.98% | 18.13% | 10.15% | 13.31% | 8.82% | 7.3% | 42.11% | 2.21% | 47.25% | 10.37% | -57.14% | 9.26% | -43.3% | -19.72% | 103.25% | 8.77% | 20.87% |
| Net Income (Continuing) | 1.23B | 1.92B | 1.89B | 1.34B | 1.06B | 1.76B | 1.67B | 1.23B | 896M | 1.61B | 1.48B | 1.12B | 834.59M | 1.13B | 1.44B | 745.63M | 749.93M | 2.63B | 1.31B | 1.34B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 273.14M | 280.84M | 62.25M | 62.68M | 68.3M | 69.91M | 72.47M | 71.28M | 61.1M | 60.52M | 56.06M | 50.99M | 52.23M | 52.11M | 52.77M | 55.67M | 72.71M | 79M | 44.88M | 0 |
| EPS (Diluted) | 0.77 | 1.20 | 1.18 | 0.84 | 0.65 | 1.08 | 1.02 | 0.74 | 0.54 | 0.97 | 0.89 | 0.68 | 0.50 | 0.68 | 0.86 | 0.46 | 0.45 | 1.57 | 0.78 | 0.80 |
| EPS Growth % | 18.46% | 11.11% | 15.69% | 13.51% | 20.37% | 11.34% | 14.61% | 8.82% | 8% | 42.65% | 3.49% | 47.83% | 11.11% | -56.69% | 10.26% | -42.5% | -19.64% | 103.9% | 8.33% | 21.21% |
| EPS (Basic) | 0.77 | 1.20 | 1.18 | 0.84 | 0.65 | 1.08 | 1.02 | 0.74 | 0.54 | 0.97 | 0.89 | 0.68 | 0.50 | 0.68 | 0.86 | 0.46 | 0.45 | 1.57 | 0.78 | 0.80 |
| Diluted Shares Outstanding | 1.6B | 1.6B | 1.6B | 1.6B | 1.63B | 1.63B | 1.63B | 1.65B | 1.65B | 1.66B | 1.66B | 1.66B | 1.66B | 1.67B | 1.67B | 1.67B | 1.67B | 1.68B | 1.68B | 1.68B |
| Basic Shares Outstanding | 1.6B | 1.6B | 1.6B | 1.6B | 1.63B | 1.63B | 1.63B | 1.65B | 1.65B | 1.66B | 1.66B | 1.66B | 1.66B | 1.67B | 1.67B | 1.67B | 1.67B | 1.68B | 1.68B | 1.68B |
| Dividend Payout Ratio | 0.03% | 17.55% | 0.02% | 139.06% | 0.01% | 40.32% | 0.01% | 149.03% | 0.02% | 20.56% | 120.96% | 153.37% | 0.16% | 305.21% | 157.74% | 0.03% | 0.03% | 103.33% | 165.86% | 0.01% |