Veon (VEON) Invested Capital (2009 - 2026)
Veon (VEON) posted quarterly Invested Capital of $5.9 billion for Q2 2026, up 19.13% year-over-year from $4.9 billion in Q2 2025, and up 13.76% on a QoQ basis from $5.1 billion in Q4 2025.
Veon (VEON) Invested Capital (2009 - 2026) Analysis & Trends
Veon has reported Invested Capital for 18 years, with the latest figure at $5.9 billion in Q2 2026.
- Invested Capital for Q2 2026 came in at $5.9 billion, up 19.13% year-over-year; the trailing twelve-month figure through Jun 2026 was $15.9 billion (up 65.62% YoY), and the FY2025 annual result was $5.1 billion, up 9.61% from the prior year.
- Invested Capital rose to $5.9 billion in Q2 2026, from $5.1 billion in the prior quarter.
- Over five years, Invested Capital peaked at $12.6 billion in Q2 2022 and troughed at $4.3 billion in Q2 2024.
- A 5-year average of $6.3 billion and a median of $5.2 billion in 2023 frame the typical range for Invested Capital.
- The widest annual swing landed in 2022, when Invested Capital advanced 26.66%; it then tumbled 55.01% in 2023.
- A 5-year view of Invested Capital shows it stood at $8.2 billion in 2022, then sank by 36.97% to $5.2 billion in 2023, then slipped by 8.96% to $4.7 billion in 2024, then climbed by 9.61% to $5.1 billion in 2025, then increased by 13.76% to $5.9 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $5.9 billion in Q2 2026, $5.1 billion in Q4 2025, and $4.9 billion in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.80 Bn | 204.04 Bn | 27.03 Bn | 385.00 Mn |
| 2 | T-Mobile US | 197.90 Bn | 195.07 Bn | 17.74 Bn | 6.12 Bn |
| 3 | Grupo Televisa, S.A.B | 195.16 Bn | 193.45 Bn | 318.12 Mn | - |
| 4 | At&T | 175.88 Bn | 158.31 Bn | 25.25 Bn | 9.32 Bn |
| 5 | Chunghwa Telecom | 33.61 Bn | 31.03 Bn | 728.80 Mn | 110.70 Mn |
| 6 | EchoStar | 25.20 Bn | 23.70 Bn | 1.65 Bn | 1.45 Bn |
| 7 | Bce | 22.12 Bn | 22.12 Bn | - | 3.08 Bn |
| 8 | Rogers Communications | 19.59 Bn | 18.35 Bn | 1.77 Bn | 3.51 Bn |
| 9 | Telefonica Brasil | 18.39 Bn | 18.39 Bn | 1.32 Bn | - |
| 10 | Veon | 4.15 Bn | 1.46 Bn | 1.10 Bn | 5.85 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.85 Bn |
| Dec 31, 2025 | 5.15 Bn |
| Jun 30, 2025 | 4.91 Bn |
| Dec 31, 2024 | 4.69 Bn |
| Jun 30, 2024 | 4.34 Bn |
| Dec 31, 2023 | 5.16 Bn |
| Jun 30, 2023 | 5.66 Bn |
| Dec 31, 2022 | 8.18 Bn |
| Jun 30, 2022 | 12.58 Bn |
| Dec 31, 2021 | 10.65 Bn |
| Sep 30, 2021 | 9.94 Bn |
| Jun 30, 2021 | 9.93 Bn |
| Mar 31, 2021 | 44.00 |
| Dec 31, 2020 | 10.09 Bn |
| Sep 30, 2020 | 273.00 Mn |
| Jun 30, 2020 | 10.11 Bn |
| Mar 31, 2020 | 600.00 Mn |
| Dec 31, 2019 | 10.34 Bn |
| Jun 30, 2019 | 10.07 Bn |
| Mar 31, 2019 | 8.35 Bn |