Veon (VEON) Invested Capital (2010 - 2025)

Veon (VEON) posted Invested Capital of $6.5 billion for Q4 2025, up 68.35% quarter-over-quarter from $3.9 billion in Q2 2025, and up 11.95% year-on-year from $5.8 billion in Q4 2024.

Veon (VEON) Invested Capital (2010 - 2025) Analysis & Trends

Veon (VEON) has reported Invested Capital for 16 consecutive years, with $6.5 billion the latest figure, recorded in Q4 2025.

  • Invested Capital for Q4 2025 came in at $6.5 billion, up 11.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.8 billion (up 0.9% YoY), and the FY2025 annual result was $6.5 billion, up 11.95% from the prior year.
  • Invested Capital was $6.5 billion for Q4 2025 at Veon, up from $3.9 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $11.2 billion in Q4 2021 and troughed at $3.0 billion in Q2 2024.
  • Average Invested Capital over 5 years is $7.0 billion, with a median of $7.5 billion recorded in 2021.
  • Year-over-year, Invested Capital surged 3056.04% in 2021 and tumbled 59.84% in 2023.
  • Over 5 years, Invested Capital stood at $11.2 billion in 2021, then decreased by 22.11% to $8.7 billion in 2022, then tumbled by 31.18% to $6.0 billion in 2023, then retreated by 3.79% to $5.8 billion in 2024, then advanced by 11.95% to $6.5 billion in 2025.
  • Per Business Quant data, the three most recent Invested Capital figures were $6.5 billion in Q4 2025, $3.9 billion in Q2 2025, and $5.8 billion in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,360.11 Bn 465.10 Bn - 13,872.06 Bn
2 T-Mobile US 190.40 Bn 186.88 Bn 17.62 Bn 57.88 Bn
3 Verizon Communications 176.65 Bn 169.60 Bn 27.94 Bn 105.24 Bn
4 At&T 143.78 Bn 133.82 Bn 25.25 Bn 132.44 Bn
5 Telecom Argentina 27.29 Bn -708.89 Bn - -
6 Charter Communications 17.55 Bn 21.72 Bn - 115.48 Bn
7 Millicom International Cellular 15.13 Bn 13.99 Bn - 7.39 Bn
8 Globalstar 10.40 Bn 10.04 Bn 46.63 Mn 817.38 Mn
9 Sify Technologies 7.22 Bn 7.17 Bn 54.72 Mn 672.09 Mn
10 Veon - - - -

Historic Data

Download Data
DateValue
Dec 31, 2025 6.49 Bn
Jun 30, 2025 3.85 Bn
Dec 31, 2024 5.79 Bn
Jun 30, 2024 2.99 Bn
Dec 31, 2023 6.02 Bn
Jun 30, 2023 3.79 Bn
Dec 31, 2022 8.75 Bn
Jun 30, 2022 9.44 Bn
Dec 31, 2021 11.23 Bn
Sep 30, 2021 8.62 Bn
Jun 30, 2021 8.72 Bn
Mar 31, 2021 8.56 Bn
Dec 31, 2020 10.25 Bn
Sep 30, 2020 273.00 Mn
Jun 30, 2020 7.30 Bn
Mar 31, 2020 6.94 Bn
Dec 31, 2019 11.57 Bn
Mar 31, 2019 8.35 Bn
Dec 31, 2018 11.53 Bn
Jun 30, 2018 1.53 Bn