Veon (VEON) Operating Margin (2010 - 2026)
Veon (VEON) posted quarterly Operating Margin of 27.46% for Q2 2026, down 4798.0% year-over-year from 0.58% in Q2 2025, and down 86.45% on a QoQ basis from 202.65% in Q1 2026.
Veon (VEON) Operating Margin (2010 - 2026) Analysis & Trends
Veon has reported Operating Margin for 17 years, with the latest figure at 27.46% in Q2 2026.
- Operating Margin for Q2 2026 came in at 27.46%, down 4798.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 64.97% (up 2186.0% YoY), and the FY2025 annual result was 32.71%, up 499.0% from the prior year.
- Operating Margin declined to 27.46% in Q2 2026, from 202.65% in the prior quarter.
- Over five years, Operating Margin peaked at 202.65% in Q1 2026 and troughed at 23.51% in Q2 2022.
- A 5-year average of 74.02% and a median of 27.26% in 2026 frame the typical range for Operating Margin.
- The widest annual swing landed in 2025, when Operating Margin surged 4837 bps; it then sank 4798 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 23.51% in 2022, then grew by 12 bps to 26.42% in 2023, then dropped by 8 bps to 24.33% in 2024, then jumped by 210 bps to 75.44% in 2025, then tumbled by 64 bps to 27.46% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 27.46% in Q2 2026, 202.65% in Q1 2026, and 75.44% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.80 Bn | 204.04 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 197.90 Bn | 195.07 Bn | 17.74 Bn | 24.09% |
| 3 | Grupo Televisa, S.A.B | 195.16 Bn | 193.45 Bn | 318.12 Mn | 40.18% |
| 4 | At&T | 175.88 Bn | 158.31 Bn | 25.25 Bn | 22.30% |
| 5 | Chunghwa Telecom | 33.61 Bn | 31.03 Bn | 728.80 Mn | 21.61% |
| 6 | EchoStar | 25.20 Bn | 23.70 Bn | 1.65 Bn | 14.34% |
| 7 | Bce | 22.12 Bn | 22.12 Bn | - | - |
| 8 | Rogers Communications | 19.59 Bn | 18.35 Bn | 1.77 Bn | 39.73% |
| 9 | Telefonica Brasil | 18.39 Bn | 18.39 Bn | 1.32 Bn | 51.43% |
| 10 | Veon | 4.15 Bn | 1.46 Bn | 1.10 Bn | 27.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.46% |
| Mar 31, 2026 | 202.65% |
| Jun 30, 2025 | 75.44% |
| Mar 31, 2025 | 185.27% |
| Dec 31, 2024 | 24.33% |
| Jun 30, 2024 | 27.07% |
| Jun 30, 2023 | 26.42% |
| Jun 30, 2022 | 23.51% |
| Dec 31, 2021 | 5.51% |
| Sep 30, 2021 | 20.60% |
| Jun 30, 2021 | 18.66% |
| Mar 31, 2021 | 19.00% |
| Dec 31, 2020 | -27.68% |
| Sep 30, 2020 | -22.16% |
| Jun 30, 2020 | 17.28% |
| Mar 31, 2020 | 19.41% |
| Dec 31, 2019 | 24.76% |
| Sep 30, 2019 | 17.27% |
| Jun 30, 2019 | 20.52% |
| Mar 31, 2019 | 37.10% |