Veon (VEON) Net Margin (2009 - 2026)
Veon (VEON) posted Net Margin of 8.24% for Q1 2026, down 84.94% on a QoQ basis from 54.74% in Q2 2025, and down 141.0% year-over-year from 20.11% in Q1 2025.
Veon (VEON) Net Margin (2009 - 2026) Analysis & Trends
Veon's Net Margin history runs 18 years deep, the most recent figure standing at 8.24% for Q1 2026.
- Quarterly Net Margin fell 141.0% year-over-year to 8.24% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.01% (up 999.0% YoY) and the FY2025 annual result came in at 12.09%, up 173.0% from the prior year.
- Net Margin was 8.24% for Q1 2026 at Veon, down from 54.74% in the prior quarter.
- Across five years, Net Margin topped out at 54.74% in Q2 2025 and bottomed at 3.76% in Q2 2022.
- A 5-year average of 14.21% and a median of 8.95% in 2026 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin slumped 881 bps — and 2025, when it soared 4812 bps.
- Veon's Net Margin stood at 14.44% in 2022, then sank by 53 bps to 6.83% in 2023, then slipped by 7 bps to 6.35% in 2024, then soared by 762 bps to 54.74% in 2025, then slumped by 85 bps to 8.24% in 2026.
- Business Quant data shows VEON's Net Margin at 8.24% in Q1 2026, 54.74% in Q2 2025, and 9.65% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | America Movil Sab De Cv | 1,543.97 Bn | 1,543.97 Bn | 7.08 Bn | 25.73% |
| 2 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,427.96 Bn | -8,564.04 Bn | - | - |
| 3 | Grupo Televisa, S.A.B | 958.85 Bn | 957.15 Bn | 317.18 Mn | 0.00% |
| 4 | Chunghwa Telecom | 334.17 Bn | 331.99 Bn | 719.92 Mn | 17.68% |
| 5 | Verizon Communications | 198.41 Bn | 190.05 Bn | 29.14 Bn | 14.94% |
| 6 | T-Mobile US | 192.12 Bn | 189.29 Bn | 17.74 Bn | 14.43% |
| 7 | At&T | 169.04 Bn | 151.47 Bn | 25.25 Bn | 14.55% |
| 8 | Veon | 90.84 Bn | 90.84 Bn | - | 8.24% |
| 9 | Tim | 50.18 Bn | 50.03 Bn | 677.20 Mn | 6.28% |
| 10 | Telefonica Brasil | 45.44 Bn | 43.70 Bn | 1.32 Bn | 8.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.24% |
| Jun 30, 2025 | 54.74% |
| Mar 31, 2025 | 9.65% |
| Dec 31, 2024 | 6.35% |
| Jun 30, 2024 | 6.62% |
| Dec 31, 2023 | 6.83% |
| Oct 9, 2023 | 27.65% |
| Jun 30, 2023 | 11.35% |
| Dec 31, 2022 | 14.44% |
| Jun 30, 2022 | -3.76% |
| Dec 31, 2021 | 4.56% |
| Sep 30, 2021 | 5.69% |
| Jun 30, 2021 | 5.05% |
| Mar 31, 2021 | 6.54% |
| Dec 31, 2020 | -24.49% |
| Sep 30, 2020 | -34.69% |
| Jun 30, 2020 | 8.25% |
| Mar 31, 2020 | 5.15% |
| Dec 31, 2019 | 9.06% |
| Sep 30, 2019 | 1.57% |