Telefónica Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	35,120	35,671	40,652	39,993	39,277
Other Revenue	825	770	803	783	-
Revenue	35,945	36,441	41,455	40,776	39,277
Revenue Growth (YoY)	-1.36%	-12.10%	1.67%	3.82%	-10.63%
Cost of Revenue	19,677	16,793	20,418	18,465	18,991
Gross Profit	16,268	19,648	21,037	22,311	20,286
Selling, General & Admin	82	61	155	86	80
Other Operating Expenses	7,296	7,282	9,735	10,110	9,510
Operating Expenses	14,742	14,956	18,687	18,992	17,987
Operating Income	1,526	4,692	2,350	3,319	2,299
Interest Expense	-1,802	-1,960	-2,041	-1,941	-1,564
Interest & Investment Income	575	429	545	409	205
Earnings From Equity Investments	-1,020	-32	-2,162	217	-127
Currency Exchange Gain (Loss)	-157	36	11	-86	50
Other Non Operating Income (Expenses)	-318	-41	-465	166	-145
EBT Excluding Unusual Items	-1,196	3,124	-1,762	2,084	718
Impairment of Goodwill	-486	-640	-58	-	-416
Gain (Loss) on Sale of Assets	279	105	250	741	11,442
Asset Writedown	-	-	-	-77	-
Legal Settlements	-	-	97	212	351
Pretax Income	-1,403	2,589	-1,473	2,960	12,095
Income Tax Expense	365	617	-899	641	1,378
Earnings From Continuing Operations	-1,768	1,972	-574	2,319	10,717
Earnings From Discontinued Operations	-2,384	-1,763	-	-	-
Net Income to Company	-4,152	209	-574	2,319	10,717
Minority Interest in Earnings	-166	-258	-318	-308	-2,580
Net Income	-4,318	-49	-892	2,011	8,137
Preferred Dividends & Other Adjustments	265	269	254	209	253
Net Income to Common	-4,583	-318	-1,146	1,802	7,884
Net Income Growth	-	-	-	-75.29%	414.35%
Shares Outstanding (Basic)	5,637	5,636	5,668	5,740	5,864
Shares Outstanding (Diluted)	5,637	5,636	5,668	5,740	5,874
Shares Change (YoY)	0.02%	-0.57%	-1.25%	-2.28%	-1.43%
EPS (Basic)	-0.81	-0.06	-0.20	0.31	1.34
EPS (Diluted)	-0.81	-0.06	-0.20	0.31	1.34
EPS Growth	-	-	-	-76.87%	509.09%
Free Cash Flow	4,276	5,926	5,488	5,413	3,540
Free Cash Flow Per Share	0.76	1.05	0.97	0.94	0.60
Dividend Per Share	0.300	0.300	0.300	0.300	0.300
Dividend Growth	-	-	-	-	-25.00%
Gross Margin	45.26%	53.92%	50.75%	54.72%	51.65%
Operating Margin	4.25%	12.88%	5.67%	8.14%	5.85%
Profit Margin	-12.75%	-0.87%	-2.76%	4.42%	20.07%
Free Cash Flow Margin	11.90%	16.26%	13.24%	13.28%	9.01%
EBITDA	7,114	9,977	7,632	10,051	9,047
EBITDA Margin	19.79%	27.38%	18.41%	24.65%	23.03%
D&A For EBITDA	5,588	5,285	5,282	6,732	6,748
EBIT	1,526	4,692	2,350	3,319	2,299
EBIT Margin	4.25%	12.88%	5.67%	8.14%	5.85%
Effective Tax Rate	-	23.83%	-	21.65%	11.39%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.