Veon (VEON) Operating Expenses (2009 - 2026)
Veon (VEON) posted Operating Expenses of -$683.0 million for Q1 2026, down 12.71% on a QoQ basis from -$606.0 million in Q2 2025, and down 14.6% year-over-year from -$799.7 million in Q1 2025.
Veon (VEON) Operating Expenses (2009 - 2026) Analysis & Trends
Veon's Operating Expenses history runs 18 years deep, the most recent figure standing at -$683.0 million for Q1 2026.
- Quarterly Operating Expenses fell 14.6% year-over-year to -$683.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.9 billion (up 18.71% YoY) and the FY2025 annual result came in at $1.9 billion, up 4.67% from the prior year.
- Operating Expenses was -$683.0 million for Q1 2026 at Veon, down from -$606.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$518.0 million in Q2 2022 and bottomed at -$1.1 billion in Q4 2024.
- A 5-year average of -$749.7 million and a median of -$606.0 million in 2025 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 48.25% in 2022, while the deepest fall reached 131.48% in 2022.
- Veon's Operating Expenses stood at -$1.1 billion in 2022, then gained by 2.73% to -$1.0 billion in 2023, then slipped by 10.93% to -$1.1 billion in 2024, then soared by 47.17% to -$606.0 million in 2025, then slipped by 12.71% to -$683.0 million in 2026.
- Business Quant data shows VEON's Operating Expenses at -$683.0 million in Q1 2026, -$606.0 million in Q2 2025, and -$596.0 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | America Movil Sab De Cv | 1,543.97 Bn | 1,543.97 Bn | 7.08 Bn | 8.32 Bn |
| 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 | -114.72 Mn |
| 4 | Chunghwa Telecom | 334.17 Bn | 331.99 Bn | 719.92 Mn | 305.28 Mn |
| 5 | Verizon Communications | 198.41 Bn | 190.05 Bn | 29.14 Bn | 26.20 Bn |
| 6 | T-Mobile US | 192.12 Bn | 189.29 Bn | 17.74 Bn | 17.30 Bn |
| 7 | At&T | 169.04 Bn | 151.47 Bn | 25.25 Bn | 24.52 Bn |
| 8 | Veon | 90.84 Bn | 90.84 Bn | - | -683.00 Mn |
| 9 | Tim | 50.18 Bn | 50.03 Bn | 677.20 Mn | -389.44 Mn |
| 10 | Telefonica Brasil | 45.44 Bn | 43.70 Bn | 1.32 Bn | -191.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -683.00 Mn |
| Jun 30, 2025 | -606.00 Mn |
| Mar 31, 2025 | -596.00 Mn |
| Dec 31, 2024 | -1.15 Bn |
| Jun 30, 2024 | -576.00 Mn |
| Dec 31, 2023 | -1.03 Bn |
| Jun 30, 2023 | -524.00 Mn |
| Dec 31, 2022 | -1.06 Bn |
| Jun 30, 2022 | -518.00 Mn |
| Dec 31, 2021 | 3.38 Bn |
| Sep 30, 2021 | -1.02 Bn |
| Jun 30, 2021 | -1.00 Bn |
| Mar 31, 2021 | -1.06 Bn |
| Dec 31, 2020 | 3.21 Bn |
| Sep 30, 2020 | -913.00 Mn |
| Jun 30, 2020 | -1.04 Bn |
| Mar 31, 2020 | -1.12 Bn |
| Dec 31, 2019 | -3.42 Bn |
| Sep 30, 2019 | -1.13 Bn |
| Jun 30, 2019 | -1.17 Bn |