VEON Ltd. Income Statement

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

Millions USD. 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
Revenue	4,399	4,004	3,698	3,755	3,850
Revenue Growth (YoY)	9.87%	8.28%	-1.52%	-2.47%	10.57%
Cost of Revenue	526	515	441	476	484
Gross Profit	3,873	3,489	3,257	3,279	3,366
Selling, General & Admin	2,045	1,799	1,646	1,533	1,526
Depreciation & Amortization Expenses	802	728	735	778	799
Other Operating Expenses	-413	-148	-53	-195	18
Total Operating Expenses	2,434	2,379	2,328	2,116	2,343
Operating Income	1,439	1,110	929	1,163	1,023
Interest Income	52	49	60	32	13
Interest Expense	-535	-495	-531	-583	-591
Other Non-Operating Income (Expense)	-171	40	101	190	19
Total Non-Operating Income (Expense)	-654	-406	-370	-361	-559
Pretax Income	785	704	559	802	464
Provision for Income Taxes	194	217	179	69	344
Net Income	532	415	307	656	75
Minority Interest in Earnings	59	72	78	153	127
Net Income to Common	532	415	307	656	75
Net Income Growth	28.19%	35.18%	-53.20%	774.67%	-26.47%
Shares Outstanding (Basic)	70	71	70	70	70
Shares Outstanding (Diluted)	72	72	71	70	71
Shares Change (YoY)	-0.94%	1.63%	1.19%	-1.18%	1.19%
EPS (Basic)	7.50	5.75	-36.00	-2.25	9.50
EPS (Diluted)	7.50	5.75	-36.00	-2.25	9.50
EPS Growth	30.44%	-	-	-	-
Shares Outstanding	73.97	70.62	70.24	70.13	69.97
Free Cash Flow	620	523	1,580	1,923	1,939
Free Cash Flow Growth	18.55%	-66.90%	-17.84%	-0.83%	2.43%
Free Cash Flow Per Share	8.64	7.22	22.17	27.30	27.20
Gross Margin	88.04%	87.14%	88.07%	87.32%	87.43%
Operating Margin	32.71%	27.72%	25.12%	30.97%	26.57%
Profit Margin	13.43%	12.16%	10.28%	19.52%	3.12%
FCF Margin	14.09%	13.06%	42.73%	51.21%	50.36%
EBITDA	2,250	1,841	1,658	1,834	1,849
EBITDA Margin	51.15%	45.98%	44.84%	48.84%	48.03%
EBIT	1,439	1,110	929	1,163	1,023
EBIT Margin	32.71%	27.72%	25.12%	30.97%	26.57%
Effective Tax Rate	24.71%	30.82%	32.02%	8.60%	74.14%

Updated Mar 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q