Veon (VEON) EBITDA Margin (2009 - 2026)
Veon (VEON) posted EBITDA Margin of 43.05% for Q1 2026, down 30.98% on a QoQ basis from 62.37% in Q2 2025, and up 26.0% year-over-year from 34.16% in Q1 2025.
Veon (VEON) EBITDA Margin (2009 - 2026) Analysis & Trends
Veon's EBITDA Margin history runs 18 years deep, the most recent figure standing at 43.05% for Q1 2026.
- Quarterly EBITDA Margin rose 26.0% year-over-year to 43.05% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 35.0% (up 1803.0% YoY) and the FY2025 annual result came in at 32.71%, up 499.0% from the prior year.
- EBITDA Margin was 43.05% for Q1 2026 at Veon, down from 62.37% in the prior quarter.
- Across five years, EBITDA Margin topped out at 62.37% in Q2 2025 and bottomed at 8.36% in Q2 2022.
- A 5-year average of 24.06% and a median of 13.16% in 2024 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2025 — EBITDA Margin surged 4796 bps — and 2026, when it climbed 26 bps.
- Veon's EBITDA Margin stood at 8.78% in 2022, then climbed by 18 bps to 10.33% in 2023, then grew by 6 bps to 10.92% in 2024, then jumped by 471 bps to 62.37% in 2025, then tumbled by 31 bps to 43.05% in 2026.
- Business Quant data shows VEON's EBITDA Margin at 43.05% in Q1 2026, 62.37% in Q2 2025, and 42.79% in Q1 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | America Movil Sab De Cv | 1,543.97 Bn | 1,543.97 Bn | 7.08 Bn | 78.99% |
| 2 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,427.96 Bn | -8,564.04 Bn | - | - |
| 3 | Grupo Televisa, S.A.B | 958.85 Bn | 957.15 Bn | 317.18 Mn | 52.77% |
| 4 | Chunghwa Telecom | 334.17 Bn | 331.99 Bn | 719.92 Mn | 21.85% |
| 5 | Verizon Communications | 198.41 Bn | 190.05 Bn | 29.14 Bn | 23.93% |
| 6 | T-Mobile US | 192.12 Bn | 189.29 Bn | 17.74 Bn | 24.09% |
| 7 | At&T | 169.04 Bn | 151.47 Bn | 25.25 Bn | 22.30% |
| 8 | Veon | 90.84 Bn | 90.84 Bn | - | 43.05% |
| 9 | Tim | 50.18 Bn | 50.03 Bn | 677.20 Mn | 82.48% |
| 10 | Telefonica Brasil | 45.44 Bn | 43.70 Bn | 1.32 Bn | 51.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.05% |
| Jun 30, 2025 | 62.37% |
| Mar 31, 2025 | 42.79% |
| Dec 31, 2024 | 10.92% |
| Jun 30, 2024 | 14.41% |
| Dec 31, 2023 | 10.33% |
| Oct 9, 2023 | 27.65% |
| Jun 30, 2023 | 11.90% |
| Dec 31, 2022 | 8.78% |
| Jun 30, 2022 | 8.36% |
| Dec 31, 2021 | 1.82% |
| Sep 30, 2021 | 1.10% |
| Jun 30, 2021 | -1.05% |
| Mar 31, 2021 | -1.91% |
| Dec 31, 2020 | -27.68% |
| Sep 30, 2020 | -41.51% |
| Jun 30, 2020 | -3.28% |
| Mar 31, 2020 | -0.43% |
| Dec 31, 2019 | 6.33% |
| Sep 30, 2019 | -0.99% |