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
DateValue
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