Veon (VEON) Net Margin (2009 - 2026)
Veon (VEON) reported Net Margin of 8.24% for Q1 2026, down 141.0% on a YoY basis from 20.11% in Q1 2025, and down 84.94% quarter-over-quarter from 54.74% in Q2 2025.
Veon (VEON) Net Margin (2009 - 2026) Analysis & Trends
Veon has reported Net Margin for 17 years, with the latest figure at 8.24% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 141.0% year-over-year to 8.24%; the trailing twelve-month figure through Mar 2026 stood at 18.27% (up 1239.0% YoY), and the FY2023 full-year result was 76.53%, down 5677.0% from the prior year.
- Net Margin for Q1 2026 stood at 8.24%, down from 54.74% in the prior quarter.
- The five-year high for Net Margin was 54.74% in Q2 2025, with the low at 10.18% in Q4 2022.
- Historically, Net Margin has averaged 12.98% across 5 years, with a median of 8.95% in 2026.
- Annual changes were most pronounced in 2024 — Net Margin plunged 681 bps — and 2025, when it soared 4812 bps.
- Veon's Net Margin stood at 10.18% in 2022, then soared by 232 bps to 13.43% in 2023, then sank by 51 bps to 6.62% in 2024, then surged by 727 bps to 54.74% in 2025, then plunged by 85 bps to 8.24% in 2026.
- The last three Net Margin figures came in at 8.24% (Q1 2026), 54.74% (Q2 2025), and 9.65% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | 9.99% |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 10.84% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 14.94% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 12.04% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | 8.16% |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | 16.57% |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 0.00% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 5.49% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | 8.24% |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | -4.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.24% |
| Jun 30, 2025 | 54.74% |
| Mar 31, 2025 | 9.65% |
| Dec 31, 2024 | 6.62% |
| Jun 30, 2024 | 6.62% |
| Jun 30, 2023 | 13.43% |
| Dec 31, 2022 | -10.18% |
| Jun 30, 2022 | 14.73% |
| Dec 31, 2021 | -31.44% |
| Sep 30, 2021 | 3.39% |
| Jun 30, 2021 | 5.26% |
| Mar 31, 2021 | 6.54% |
| Dec 31, 2020 | 6.62% |
| Sep 30, 2020 | -34.08% |
| Jun 30, 2020 | 8.25% |
| Mar 31, 2020 | 5.15% |
| Dec 31, 2019 | 11.29% |
| Sep 30, 2019 | 1.57% |
| Jun 30, 2019 | 3.10% |
| Mar 31, 2019 | 23.31% |