Veon (VEON) Equity Ratio (2014 - 2025)

Veon (VEON) reported Equity Ratio of 0.21 for Q4 2025, up 56.77% on a YoY basis from 0.14 in Q4 2024, and up 56.77% quarter-over-quarter from 0.14 in Q4 2024.

Veon (VEON) Equity Ratio (2014 - 2025) Analysis & Trends

Veon has reported Equity Ratio for 12 years, with the latest figure at 0.21 in Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio rose 56.77% year-over-year to 0.21; the trailing twelve-month figure through Dec 2025 stood at 0.21 (up 56.77% YoY), and the FY2025 full-year result was 0.21, up 56.77% from the prior year.
  • Equity Ratio for Q4 2025 stood at 0.21, up from 0.14 in the prior quarter.
  • The five-year high for Equity Ratio was 0.67 in Q4 2022, with the low at 0.04 in Q4 2021.
  • Historically, Equity Ratio has averaged 0.23 across 5 years, with a median of 0.14 in 2024.
  • Annual changes were most pronounced in 2021 — Equity Ratio slumped 89.3% — and 2022, when it jumped 1729.48%.
  • Veon's Equity Ratio stood at 0.04 in 2021, then surged by 1729.48% to 0.67 in 2022, then slumped by 84.39% to 0.11 in 2023, then surged by 30.12% to 0.14 in 2024, then jumped by 56.77% to 0.21 in 2025.
  • The last three Equity Ratio figures came in at 0.21 (Q4 2025), 0.14 (Q4 2024), and 0.11 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Bce 382.57 Bn 381.58 Bn - 0.29
2 T-Mobile US 195.94 Bn 192.42 Bn 17.62 Bn 0.26
3 Verizon Communications 190.78 Bn 183.73 Bn 27.94 Bn 0.25
4 At&T 159.64 Bn 149.68 Bn 25.25 Bn 0.30
5 Telefonica Brasil 146.21 Bn 144.47 Bn 1.32 Bn -
6 America Movil Sab De Cv 128.31 Bn 126.27 Bn 10.13 Bn -
7 Chunghwa Telecom 109.39 Bn 107.21 Bn 719.92 Mn -
8 Millicom International Cellular 106.22 Bn 104.67 Bn - -
9 Veon 82.81 Bn 80.59 Bn - -
10 EchoStar 33.61 Bn 33.48 Bn 3.13 Bn 0.14

Historic Data

Download Data
DateValue
Dec 31, 2025 0.21
Dec 31, 2024 0.14
Dec 31, 2023 0.11
Dec 31, 2022 0.67
Dec 31, 2021 0.04
Dec 31, 2020 0.34
Dec 31, 2019 0.08
Dec 31, 2018 0.26
Dec 31, 2017 0.22
Dec 31, 2016 0.28
Dec 31, 2015 115.02 Bn
Dec 31, 2014 96,876.37