VEON Ltd. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	4,574	4,399	4,004	3,698	3,755	3,850
Revenue Growth (YoY)	11.89%	9.87%	8.28%	-1.52%	-2.47%	10.57%
Cost of Revenue	388	526	515	441	476	484
Gross Profit	4,186	3,873	3,489	3,257	3,279	3,366
Selling, General & Admin	1,629	2,045	1,799	1,646	1,533	1,526
Depreciation & Amortization Expenses	609	802	728	735	778	799
Other Operating Expenses	-405	-413	-148	-53	-195	18
Total Operating Expenses	1,833	2,434	2,379	2,328	2,116	2,343
Operating Income	1,185	1,439	1,110	929	1,163	1,023
Interest Income	42	52	49	60	32	13
Interest Expense	-423	-535	-495	-531	-583	-591
Other Non-Operating Income (Expense)	-163	-171	40	101	190	19
Total Non-Operating Income (Expense)	-544	-654	-406	-370	-361	-559
Pretax Income	782	785	704	559	802	464
Provision for Income Taxes	241	194	217	179	69	344
Net Income	563	591	487	-2,835	-818	599
Minority Interest in Earnings	18	-	-	78	153	127
Earnings From Discontinued Operations	-	-	-	-2,830	-742	681
Net Income to Common	563	591	487	-2,835	-818	599
Net Income Growth	49.73%	21.36%	-	-	-	-
Shares Outstanding (Basic)	75	70	71	70	70	70
Shares Outstanding (Diluted)	74	72	72	71	70	71
Shares Change (YoY)	30.72%	-0.94%	1.63%	1.19%	-1.18%	1.19%
EPS (Basic)	7.55	7.50	5.75	-36.00	-2.25	9.50
EPS (Diluted)	7.56	7.50	5.75	-36.00	-2.25	9.50
EPS Growth	14.54%	30.44%	-	-	-	-
Shares Outstanding	73.97	73.97	70.62	70.24	70.13	69.97
Free Cash Flow	-230	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	-3.09	8.64	7.22	22.17	27.30	27.20
Gross Margin	91.52%	88.04%	87.14%	88.07%	87.32%	87.43%
Operating Margin	25.91%	32.71%	27.72%	25.12%	30.97%	26.57%
Profit Margin	11.83%	13.43%	12.16%	10.28%	19.52%	3.12%
FCF Margin	-5.03%	14.09%	13.06%	42.73%	51.21%	50.36%
EBITDA	1,802	2,250	1,841	1,658	1,834	1,849
EBITDA Margin	39.39%	51.15%	45.98%	44.84%	48.84%	48.03%
EBIT	1,185	1,439	1,110	929	1,163	1,023
EBIT Margin	25.91%	32.71%	27.72%	25.12%	30.97%	26.57%
Effective Tax Rate	30.82%	24.71%	30.82%	32.02%	8.60%	74.14%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q