Telefonica Brasil (VIV) Operating Margin (2009 - 2026)

Telefonica Brasil's Operating Margin history runs 17 years deep, the most recent figure standing at 15.03% for Q1 2026.

• In Q1 2026, Operating Margin rose 124.0% year-over-year to 15.03%; the TTM figure through Mar 2026 stood at 16.81% (down 453.0% YoY), while the FY2025 annual figure was 16.54%, up 101.0% from the prior year.
• Operating Margin was 15.03% for Q1 2026 at Telefonica Brasil, down from 18.33% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 21.36% in Q4 2024 to a low of 12.49% in Q2 2022.
• Historically, Operating Margin has averaged 16.24% across 5 years, with a median of 15.18% in 2026.
• Biggest YoY gain for Operating Margin was 475 bps in 2022; the steepest drop was 420 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 20.99% in 2022, then slipped by 3 bps to 20.4% in 2023, then gained by 5 bps to 21.36% in 2024, then decreased by 14 bps to 18.33% in 2025, then declined by 18 bps to 15.03% in 2026.
• The last three Operating Margin figures came in at 15.03% (Q1 2026), 18.33% (Q4 2025), and 18.52% (Q3 2025), per Business Quant data.