Veon (VEON) EBITDA Margin (2009 - 2026)
Veon (VEON) reported EBITDA Margin of 43.05% for Q1 2026, up 26.0% on a YoY basis from 34.16% in Q1 2025, and down 42.94% quarter-over-quarter from 75.44% in Q2 2025.
Veon (VEON) EBITDA Margin (2009 - 2026) Analysis & Trends
Veon has reported EBITDA Margin for 17 years, with the latest figure at 43.05% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 26.0% year-over-year to 43.05%; the trailing twelve-month figure through Mar 2026 stood at 47.32% (up 1638.0% YoY), and the FY2025 full-year result was 45.85%, up 492.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 43.05%, down from 75.44% in the prior quarter.
- The five-year high for EBITDA Margin was 75.44% in Q2 2025, with the low at 23.51% in Q2 2022.
- Historically, EBITDA Margin has averaged 36.12% across 5 years, with a median of 27.07% in 2024.
- Annual changes were most pronounced in 2025 — EBITDA Margin surged 4837 bps — and 2026, when it rose 26 bps.
- Veon's EBITDA Margin stood at 23.64% in 2022, then gained by 12 bps to 26.42% in 2023, then rose by 2 bps to 27.07% in 2024, then surged by 179 bps to 75.44% in 2025, then sank by 43 bps to 43.05% in 2026.
- The last three EBITDA Margin figures came in at 43.05% (Q1 2026), 75.44% (Q2 2025), and 42.79% (Q1 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | - |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 10.89% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 23.93% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 21.13% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | 15.03% |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | 39.90% |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 0.00% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 20.96% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | 43.05% |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 15.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.05% |
| Jun 30, 2025 | 75.44% |
| Mar 31, 2025 | 42.79% |
| Dec 31, 2024 | 27.07% |
| Jun 30, 2024 | 27.07% |
| Jun 30, 2023 | 26.42% |
| Dec 31, 2022 | 23.64% |
| Jun 30, 2022 | 23.51% |
| Dec 31, 2021 | 5.51% |
| Sep 30, 2021 | 20.60% |
| Jun 30, 2021 | 18.66% |
| Mar 31, 2021 | 44.04% |
| Dec 31, 2020 | 18.41% |
| Sep 30, 2020 | -22.16% |
| Jun 30, 2020 | 17.28% |
| Mar 31, 2020 | 43.92% |
| Dec 31, 2019 | 17.97% |
| Sep 30, 2019 | 17.27% |
| Jun 30, 2019 | 20.52% |
| Mar 31, 2019 | 27.59% |