Veon (VEON) Invested Capital (2009 - 2025)

Veon's Invested Capital history runs 17 years deep, the most recent figure standing at $5.1 billion for Q4 2025.

• Quarterly Invested Capital rose 9.61% year-over-year to $5.1 billion in Q4 2025, while the trailing twelve-month figure through Mar 2026 was $9.0 billion (up 17.13% YoY) and the FY2025 annual result came in at $5.1 billion, up 9.61% from the prior year.
• Invested Capital was $5.1 billion for Q4 2025 at Veon, up from $3.9 billion in the prior quarter.
• Across five years, Invested Capital topped out at $10.6 billion in Q4 2021 and bottomed at $3.0 billion in Q2 2024.
• A 5-year average of $6.6 billion and a median of $6.7 billion in 2022 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2021 — Invested Capital soared 3056.04% — and 2023, when it plunged 59.84%.
• Veon's Invested Capital stood at $10.6 billion in 2021, then retreated by 23.16% to $8.2 billion in 2022, then sank by 36.97% to $5.2 billion in 2023, then declined by 8.96% to $4.7 billion in 2024, then increased by 9.61% to $5.1 billion in 2025.
• Business Quant data shows VEON's Invested Capital at $5.1 billion in Q4 2025, $3.9 billion in Q2 2025, and $4.7 billion in Q4 2024.