VEON Ltd. (VEON)
NASDAQ: VEON · Real-Time Price · USD
64.21
-2.05 (-3.09%)
Sep 4, 2026, 4:00 PM EDT - Market closed
VEON Ltd. Financials Overview
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 | Jun '26 Jun 30, 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 Revenue Growth | 4,758 | 4,399 | 4,004 | 3,698 | 3,755 | 3,850 |
Revenue Growth | 14.71% | 9.87% | 8.28% | -1.52% | -2.47% | 10.57% |
Gross Profit Gross Profit Growth | 4,143 | 3,873 | 3,489 | 3,257 | 3,279 | 3,366 |
Operating Income Operating Income Growth | 1,280 | 1,208 | 963 | 877 | 969 | 1,041 |
Net Income Net Income Growth | 59 | 532 | 415 | -2,528 | -162 | 674 |
Earnings Per Share EPS Growth | 0.85 | 7.50 | 5.75 | -36.04 | -2.31 | 9.60 |
EPS Growth | -93.71% | 30.44% | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Pakistan Pakistan Growth | 1,808 | 1,624 | 1,382 | 1,119 | 1,285 | 1,408 |
Ukraine Ukraine Growth | 1,289 | 1,164 | 925 | 919 | 971 | 1,055 |
Kazakhstan Kazakhstan Growth | 865 | 816 | 854 | 774 | 636 | 569 |
Uzbekistan Uzbekistan Growth | 327 | 308 | 273 | 268 | 233 | 194 |
Bangladesh Bangladesh Growth | 468 | 460 | 520 | 570 | 576 | 564 |
HQ, Eliminations and Others HQ, Eliminations and Others Growth | - | 27 | 50 | 48 | - | - |
Total Total Growth | 4,758 | 4,399 | 4,004 | 3,698 | 3,755 | 3,850 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Cash & Investments Cash & Investments Growth | 2,689 | 2,221 | 2,046 | 2,335 | 3,669 | 2,338 |
Total Debt Total Debt Growth | 5,853 | 5,145 | 4,694 | 5,156 | 8,553 | 10,646 |
Net Cash (Debt) Net Cash Growth | -3,164 | -2,924 | -2,648 | -2,821 | -4,884 | -8,308 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -44.58 | -40.75 | -36.55 | -40.16 | -69.34 | -116.55 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Operating Cash Flow Operating Cash Flow Growth | 1,644 | 1,353 | 1,150 | 2,111 | 2,557 | 2,638 |
Capital Expenditures CapEx Growth | -769 | -733 | -627 | -531 | -634 | -699 |
Free Cash Flow Free Cash Flow Growth | 875 | 620 | 523 | 1,580 | 1,923 | 1,939 |
Free Cash Flow Growth | 44.39% | 18.55% | -66.90% | -17.84% | -0.83% | 2.43% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Gross Margin | 87.07% | 88.04% | 87.14% | 88.08% | 87.32% | 87.43% |
Operating Margin | 26.89% | 27.46% | 24.05% | 23.72% | 25.81% | 27.04% |
Pretax Margin | 7.48% | 17.84% | 17.58% | 15.12% | 21.36% | 12.05% |
Profit Margin | 1.24% | 12.09% | 10.37% | -68.36% | -4.31% | 17.51% |
FCF Margin | 18.39% | 14.09% | 13.06% | 42.73% | 51.21% | 50.36% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 5, 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 |
PE Ratio | 75.57 | 6.82 | 6.84 | - | - | 4.44 |
Forward PE | 8.53 | 7.36 | 9.73 | 3.33 | 1.01 | 4.28 |
P/FCF Ratio | 5.05 | 5.85 | 5.42 | 0.88 | 0.45 | 1.54 |
PS Ratio | 0.93 | 0.83 | 0.71 | 0.37 | 0.23 | 0.78 |