Veon (VEON) FCF Margin (2009 - 2026)
Veon (VEON) reported FCF Margin of 32.97% for Q1 2026, down 923.0% on a YoY basis from 4.01% in Q1 2025, and up 163.54% quarter-over-quarter from 12.51% in Q2 2025.
Veon (VEON) FCF Margin (2009 - 2026) Analysis & Trends
Veon has reported FCF Margin for 15 years, with the latest figure at 32.97% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 923.0% year-over-year to 32.97%; the trailing twelve-month figure through Mar 2026 stood at 22.23% (down 889.0% YoY), and the FY2025 full-year result was 14.09%, up 103.0% from the prior year.
- FCF Margin for Q1 2026 stood at 32.97%, up from 12.51% in the prior quarter.
- The five-year high for FCF Margin was 78.97% in Q4 2024, with the low at 12.51% in Q2 2025.
- Historically, FCF Margin has averaged 41.66% across 3 years, with a median of 37.59% in 2025.
- The largest YoY upside for FCF Margin was 923 bps in 2026 against a maximum downside of 923 bps in 2026.
- Veon's FCF Margin stood at 78.97% in 2024, then tumbled by 84 bps to 12.51% in 2025, then jumped by 164 bps to 32.97% in 2026.
- The last three FCF Margin figures came in at 32.97% (Q1 2026), 12.51% (Q2 2025), and 42.2% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | 32.26% |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 19.90% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 10.98% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 8.63% |
| 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 | -9.13% |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 7.58% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 38.24% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | 32.97% |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | 2.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.97% |
| Jun 30, 2025 | 12.51% |
| Mar 31, 2025 | 42.20% |
| Dec 31, 2024 | 78.97% |
| Dec 31, 2021 | 151.54% |
| Sep 30, 2021 | 52.72% |
| Jun 30, 2021 | 47.00% |
| Mar 31, 2021 | 58.77% |
| Dec 31, 2020 | -65.80% |
| Sep 30, 2020 | 50.58% |
| Jun 30, 2020 | 48.78% |
| Mar 31, 2020 | 51.26% |
| Dec 31, 2019 | -55.21% |
| Sep 30, 2019 | 49.10% |
| Jun 30, 2019 | 51.79% |
| Mar 31, 2019 | 57.39% |
| Dec 31, 2018 | 0.00% |
| Sep 30, 2018 | -90,763,918.86% |
| Jun 30, 2018 | 78.28% |
| Mar 31, 2018 | 31.20% |