Veon (VEON) Operating Margin (2009 - 2026)
Veon's Operating Margin came in at 27.46% for Q2 2026, down 47.98 percentage points from 75.44% a year earlier but up 1.98 percentage points from the prior quarter.
Powered by 
Analysis
Veon (VEON) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Veon reported Operating Margin of 49.40%, up 10.64 percentage points year-over-year; for FY2025, it was 32.71%, up 4.99 percentage points from FY2024.
- Operating Margin carries a five-year change of +17.64 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 27.72% in FY2024 (+2.60 pp), 25.12% in FY2023 (-5.85 pp), 30.97% in FY2022 (+4.40 pp) and 26.57% in FY2021 (+11.50 pp).
- The five-year range for quarterly Operating Margin is 20.60% (Q3 2021) to 75.44% (Q4 2025).
- Year-over-year, Operating Margin increased in three of the last four quarters, with an average year-over-year change of +12.74 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2025 (a gain of 48.37 percentage points), and the weakest in Q2 2026 (a drop of 47.98 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 193.94 Bn | 158.35 Bn | 27.03 Bn | 20.96% |
| 2 | T-Mobile US | 178.90 Bn | 163.65 Bn | 14.76 Bn | 24.09% |
| 3 | At&T | 170.76 Bn | 118.71 Bn | 25.82 Bn | 22.30% |
| 4 | Grupo Televisa, S.A.B | 146.22 Bn | 134.85 Bn | 318.12 Mn | 11.00% |
| 5 | Comcast | 77.07 Bn | 41.32 Bn | - | 17.23% |
| 6 | Chunghwa Telecom | 35.67 Bn | 31.52 Bn | 728.80 Mn | 21.61% |
| 7 | EchoStar | 25.89 Bn | 17.02 Bn | 1.65 Bn | 14.34% |
| 8 | AST SpaceMobile | 23.74 Bn | 24.24 Bn | 7.95 Mn | -1,018.86% |
| 9 | Bce | 19.19 Bn | 17.52 Bn | - | - |
| 10 | Veon | 5.13 Bn | -2.40 Bn | 1.10 Bn | 27.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.46% |
| Mar 31, 2026 | 25.48% |
| Dec 31, 2025 | 75.44% |
| Jun 30, 2025 | 75.44% |
| Mar 31, 2025 | 23.29% |
| Dec 31, 2024 | 27.07% |
| Jun 30, 2024 | 27.07% |
| Jun 30, 2023 | 26.42% |
| Jun 30, 2022 | 23.51% |
| Sep 30, 2021 | 20.60% |
| Jun 30, 2021 | 18.66% |
| Mar 31, 2021 | 19.00% |
| Sep 30, 2020 | -22.16% |
| Jun 30, 2020 | 17.28% |
| Mar 31, 2020 | 19.41% |
| Dec 31, 2019 | 37.10% |
| Sep 30, 2019 | 17.27% |
| Jun 30, 2019 | 20.52% |
| Mar 31, 2019 | 37.10% |
| Dec 31, 2018 | 9.25% |
API Access
Veon Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=VEON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "VEON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=VEON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();