Veon (VEON) Operating Margin (2009 - 2026)
Veon (VEON) posted Operating Margin of 202.65% for Q1 2026, up 168.63% quarter-over-quarter from 75.44% in Q2 2025, and up 1738.0% year-on-year from 11.03% in Q1 2025.
Veon (VEON) Operating Margin (2009 - 2026) Analysis & Trends
Veon (VEON) has reported Operating Margin for 17 consecutive years, with 202.65% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 202.65%, up 1738.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 68.63% (up 3519.0% YoY), and the FY2025 annual result was 32.71%, up 499.0% from the prior year.
- Operating Margin was 202.65% for Q1 2026 at Veon, up from 75.44% in the prior quarter.
- Over five years, Operating Margin peaked at 202.65% in Q1 2026 and troughed at 23.51% in Q2 2022.
- Average Operating Margin over 5 years is 73.88%, with a median of 27.07% recorded in 2024.
- Year-over-year, Operating Margin surged 65 bps in 2024 and jumped 4837 bps in 2025.
- Over 5 years, Operating Margin stood at 23.64% in 2022, then grew by 12 bps to 26.42% in 2023, then climbed by 2 bps to 27.07% in 2024, then surged by 179 bps to 75.44% in 2025, then soared by 169 bps to 202.65% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 202.65% in Q1 2026, 75.44% in Q2 2025, and 185.27% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,360.11 Bn | 465.10 Bn | - | - |
| 2 | T-Mobile US | 190.40 Bn | 186.88 Bn | 17.62 Bn | 19.46% |
| 3 | Verizon Communications | 176.65 Bn | 169.60 Bn | 27.94 Bn | 23.93% |
| 4 | At&T | 143.78 Bn | 133.82 Bn | 25.25 Bn | 21.13% |
| 5 | Telecom Argentina | 27.29 Bn | -708.89 Bn | - | - |
| 6 | Charter Communications | 17.55 Bn | 21.72 Bn | - | 23.59% |
| 7 | Millicom International Cellular | 15.13 Bn | 13.99 Bn | - | 20.96% |
| 8 | Globalstar | 10.40 Bn | 10.04 Bn | 46.63 Mn | 11.66% |
| 9 | Sify Technologies | 7.22 Bn | 7.17 Bn | 54.72 Mn | 9.06% |
| 10 | Veon | - | - | - | 202.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 202.65% |
| Jun 30, 2025 | 75.44% |
| Mar 31, 2025 | 185.27% |
| Dec 31, 2024 | 27.07% |
| Jun 30, 2024 | 27.07% |
| Jun 30, 2023 | 26.42% |
| Dec 31, 2022 | 23.64% |
| Jun 30, 2022 | 23.51% |
| Dec 31, 2021 | 19.14% |
| Sep 30, 2021 | 20.60% |
| Jun 30, 2021 | 18.66% |
| Mar 31, 2021 | 19.00% |
| Dec 31, 2020 | 18.41% |
| Sep 30, 2020 | -22.16% |
| Jun 30, 2020 | 17.28% |
| Mar 31, 2020 | 19.41% |
| Dec 31, 2019 | 17.97% |
| Sep 30, 2019 | 17.27% |
| Jun 30, 2019 | 20.52% |
| Mar 31, 2019 | 37.10% |