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| Date | Value |
|---|---|
| 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 |