Veon (VEON) Operating Expenses (2009 - 2026)

Veon (VEON) reported Operating Expenses of -$533.0 million for Q1 2026, down 16.38% on a YoY basis from -$637.4 million in Q1 2025, and down 14.87% quarter-over-quarter from -$464.0 million in Q2 2025.

Veon (VEON) Operating Expenses (2009 - 2026) Analysis & Trends

Veon has reported Operating Expenses for 17 years, with the latest figure at -$533.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 16.38% year-over-year to -$533.0 million; the trailing twelve-month figure through Mar 2026 stood at -$1.5 billion (down 7.78% YoY), and the FY2025 full-year result was $2.5 billion, up 5.71% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$533.0 million, down from -$464.0 million in the prior quarter.
  • The five-year high for Operating Expenses was -$373.0 million in Q2 2022, with the low at -$777.0 million in Q4 2022.
  • Historically, Operating Expenses has averaged -$486.0 million across 5 years, with a median of -$452.0 million in 2024.
  • The largest YoY upside for Operating Expenses was 40.42% in 2022 against a maximum downside of 123.01% in 2022.
  • Veon's Operating Expenses stood at -$777.0 million in 2022, then soared by 49.68% to -$391.0 million in 2023, then slipped by 14.07% to -$446.0 million in 2024, then retreated by 4.04% to -$464.0 million in 2025, then declined by 14.87% to -$533.0 million in 2026.
  • The last three Operating Expenses figures came in at -$533.0 million (Q1 2026), -$464.0 million (Q2 2025), and -$458.0 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bce 382.57 Bn 381.58 Bn - -2.58 Bn
2 T-Mobile US 195.94 Bn 192.42 Bn 17.62 Bn 18.61 Bn
3 Verizon Communications 190.78 Bn 183.73 Bn 27.94 Bn 26.20 Bn
4 At&T 159.64 Bn 149.68 Bn 25.25 Bn 24.85 Bn
5 Telefonica Brasil 146.21 Bn 144.47 Bn 1.32 Bn -191.29 Mn
6 America Movil Sab De Cv 128.31 Bn 126.27 Bn 10.13 Bn 8.11 Bn
7 Chunghwa Telecom 109.39 Bn 107.21 Bn 719.92 Mn 305.28 Mn
8 Millicom International Cellular 106.22 Bn 104.67 Bn - -650.00 Mn
9 Veon 82.81 Bn 80.59 Bn - -533.00 Mn
10 EchoStar 33.61 Bn 33.48 Bn 3.13 Bn 3.27 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -533.00 Mn
Jun 30, 2025 -464.00 Mn
Mar 31, 2025 -458.00 Mn
Dec 31, 2024 -446.00 Mn
Jun 30, 2024 -446.00 Mn
Jun 30, 2023 -391.00 Mn
Dec 31, 2022 -777.00 Mn
Jun 30, 2022 -373.00 Mn
Dec 31, 2021 3.38 Bn
Sep 30, 2021 -631.00 Mn
Jun 30, 2021 -626.00 Mn
Mar 31, 2021 -647.00 Mn
Dec 31, 2020 -1.35 Bn
Sep 30, 2020 -561.00 Mn
Jun 30, 2020 -646.00 Mn
Mar 31, 2020 -706.00 Mn
Dec 31, 2019 -718.00 Mn
Sep 30, 2019 -723.00 Mn
Jun 30, 2019 -761.00 Mn
Mar 31, 2019 -718.00 Mn