VEON
VEON Ltd
NASDAQ: VEON · COMMUNICATION SERVICES · TELECOM SERVICES
$49.09
-2.83% today
Updated 2026-04-29
Market cap
$3.38B
P/E ratio
6.55
P/S ratio
0.77x
EPS (TTM)
$7.50
Dividend yield
—
52W range
$35 – $64
Volume
0.1M
VEON Ltd (VEON) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.87B | $7.17B | $10.12B | $8.70B | $10.51B | $20.25B | $23.06B | $15.97B | $13.49B | $9.61B | $8.88B | $9.47B | $9.09B | $8.05B | $3.48B | $3.85B | $3.75B | $3.75B | $4.00B | $4.47B |
| Revenue growth (YoY) | — | +47.3% | +41.1% | -14.0% | +20.8% | +92.6% | +13.9% | -30.8% | -15.5% | -28.8% | -7.5% | +6.6% | -4.1% | -11.4% | -56.8% | +10.6% | -2.5% | +0.0% | +6.6% | +11.8% |
| Cost of revenue | $890.73M | $1.32B | $2.36B | $1.99B | $2.47B | $5.63B | $6.13B | $4.03B | $3.18B | $2.17B | $1.99B | $2.14B | $2.12B | $1.84B | $454.00M | $484.00M | $476.00M | $476.00M | $515.00M | $1.35B |
| Gross profit | $3.98B | $5.86B | $7.75B | $6.71B | $8.04B | $14.62B | $16.93B | $11.93B | $10.30B | $7.44B | $6.90B | $7.33B | $6.97B | $6.21B | $3.03B | $3.37B | $3.75B | $3.28B | $3.49B | $3.12B |
| Gross margin | 81.7% | 81.7% | 76.6% | 77.1% | 76.5% | 72.2% | 73.4% | 74.7% | 76.4% | 77.4% | 77.7% | 77.4% | 76.7% | 77.1% | 87.0% | 87.4% | 100.0% | 87.3% | 87.1% | 69.8% |
| R&D | — | — | $857000.00 | $610000.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $1.50B | $2.21B | $2.84B | $2.39B | $3.06B | $6.38B | $7.16B | $8.37B | $4.34B | $4.29B | $3.37B | $3.47B | $3.42B | $2.74B | $2.52B | $2.47B | $1.48B | $1.48B | $1.71B | $1.80B |
| Operating income | $1.40B | $2.21B | $2.54B | $2.58B | $2.79B | $2.85B | $4.76B | $2.62B | $1.87B | $524.00M | $1.08B | $1.47B | $554.00M | $1.86B | $823.00M | $1.02B | $1.04B | $1.16B | $1.11B | $1.04B |
| Operating margin | 28.7% | 30.8% | 25.1% | 29.6% | 26.6% | 14.1% | 20.6% | 16.4% | 13.9% | 5.5% | 12.2% | 15.5% | 6.1% | 23.2% | 23.6% | 26.6% | 27.7% | 31.0% | 27.7% | 23.3% |
| EBITDA | $2.45B | $3.71B | $3.27B | $3.85B | $5.00B | $7.26B | $9.77B | $5.36B | $5.63B | $2.88B | $3.23B | $3.59B | $3.09B | $3.47B | $1.73B | $1.84B | $1.74B | $1.64B | $1.48B | $1.86B |
| EBITDA margin | 50.4% | 51.7% | 32.3% | 44.2% | 47.5% | 35.9% | 42.4% | 33.6% | 41.7% | 29.9% | 36.4% | 37.9% | 34.1% | 43.1% | 49.8% | 47.8% | 46.4% | 43.7% | 36.9% | 41.6% |
| EBIT | $1.40B | $2.32B | $1.36B | $2.15B | $2.98B | $2.48B | $4.76B | $2.62B | $2.98B | $808.00M | $1.30B | $1.56B | $1.44B | $1.63B | $942.00M | $1.04B | $1.04B | $969.00M | $963.00M | $1.04B |
| Interest expense | $186.40M | $194.84M | $495.63M | $598.53M | $536.00M | $1.59B | $2.03B | $2.15B | $1.08B | $829.00M | $830.00M | $935.00M | $816.00M | $876.00M | $569.00M | $591.00M | $1.42B | $583.00M | $495.00M | $544.18M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $811.49M | $1.46B | $524.33M | $1.12B | $1.81B | $543.00M | $1.54B | $-1.99B | $-647.00M | $-655.00M | $2.33B | $-505.00M | $582.00M | $622.01M | $-349.00M | $674.00M | $737.00M | $-162.00M | $415.00M | $541.13M |
| Net income growth (YoY) | — | +80.2% | -64.2% | +114.0% | +61.0% | -69.9% | +183.4% | -229.4% | +67.5% | -1.2% | +455.4% | -121.7% | +215.2% | +6.9% | -156.1% | +293.1% | +9.3% | -122.0% | +356.2% | +30.4% |
| Profit margin | 16.7% | 20.4% | 5.2% | 12.9% | 17.2% | 2.7% | 6.7% | -12.5% | -4.8% | -6.8% | 26.2% | -5.3% | 6.4% | 7.7% | -10.0% | 17.5% | 19.6% | -4.3% | 10.4% | 12.1% |