VEON Financial Statements
NASDAQ: VEONTelecommunicationsTelecommunications EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
VEON revenue and earnings
In fiscal 2025, VEON generated $4.40 billion in revenue, up 9.9% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $591.0 million (+21.4% year over year), for a net margin of 13.4% versus a median of -0.2% in the prior 5 years. Operating margin was 32.7%.
Diluted earnings per share came in at $0.30, up from $0.23. Over the last 5 fiscal years, VEON's revenue has grown at a 4.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
VEON income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.40B | 4.00B | 3.70B | 3.75B | 3.85B | 3.48B | 8.09B | 9.09B | 9.47B | 8.88B |
| Revenue growth (YoY) | +9.87% | +8.27% | -1.52% | -2.47% | +10.57% | -56.95% | -10.97% | -4.10% | +6.63% | -7.51% |
| Operating Expenses | — | — | — | — | — | — | — | 8.53B | 8.01B | 7.80B |
| Selling, General & Admin | 1.88B | 1.80B | 1.65B | 1.53B | 1.53B | 1.40B | 2.74B | 3.70B | 3.75B | 3.67B |
| Operating Income | 1.44B | 1.11B | 929.00M | 1.16B | 1.02B | 823.00M | 1.86B | 554.00M | 1.47B | 1.08B |
| Interest Expense | 535.00M | 495.00M | 531.00M | 583.00M | 591.00M | 569.00M | 876.00M | 816.00M | 935.00M | 830.00M |
| Other Income (Expense) | — | — | — | — | — | — | 350.00M | 0 | 0 | 17.00M |
| Pretax Income | 785.00M | 704.00M | 559.00M | 802.00M | 464.00M | 373.00M | 1.04B | -248.00M | 328.00M | 288.00M |
| Income Tax | 194.00M | 217.00M | 179.00M | 69.00M | 344.00M | 279.00M | 462.00M | 369.00M | 472.00M | 635.00M |
| Net Income | 591.00M | 487.00M | -2.45B | -9.00M | 801.00M | -316.00M | 683.00M | 362.00M | -534.00M | 2.42B |
| Net Income growth (YoY) | +21.36% | — | — | -101.12% | — | -146.27% | +88.67% | — | -122.07% | — |
| EPS (Basic) | 0.30 | 0.23 | -1.44 | -0.09 | 0.38 | -0.20 | 0.36 | — | — | — |
| EPS (Diluted) | 0.30 | 0.23 | -1.44 | -0.09 | 0.38 | -0.20 | 0.36 | — | — | — |
| Shares Outstanding (Basic) | 1.75B | 1.77B | 1.76B | 1.75B | 1.76B | 1.75B | 1.75B | 1.75B | 1.75B | 1.75B |
| Shares Outstanding (Diluted) | 1.79B | 1.81B | 1.78B | 1.76B | 1.78B | 1.76B | 1.75B | 1.75B | 1.75B | 1.75B |
| Operating Margin | 32.71% | 27.72% | 25.12% | 30.97% | 26.57% | 23.64% | 23.06% | 6.10% | 15.48% | 12.20% |
| Net Margin | 13.43% | 12.16% | -66.25% | -24.00% | 20.81% | -9.08% | 8.44% | 3.98% | -5.64% | 27.24% |
This table shows 10 annual periods of VEON's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, selling, general & admin. Values in USD; B = billions, M = millions. Fiscal periods follow VEON's reporting calendar. What is a income statement?