Vodafone Group Public Limited Company (VOD)

Vodafone Group Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	-6,015	-397	-4,169	1,140	11,838	2,237
Depreciation & Amortization	10,102	9,473	8,343	10,414	10,255	10,417
Other Amortization	2,682	2,682	2,431	-	-	-
Loss (Gain) From Sale of Assets	-48	-203	13	34	33	40
Asset Writedown & Restructuring Costs	5,105	299	4,545	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-64	64	36
Loss (Gain) on Equity Investments	539	382	123	96	-433	-389
Stock-Based Compensation	27	11	68	98	58	165
Other Operating Activities	2,833	2,341	2,292	1,429	-8,017	2,307
Change in Accounts Receivable	-221	-361	-774	-597	-486	-629
Change in Inventory	124	222	134	177	-168	-171
Change in Accounts Payable	425	-158	710	534	1,446	581
Operating Cash Flow	15,553	14,291	15,373	16,557	18,054	18,081
Operating Cash Flow Growth	4.94%	-7.04%	-7.15%	-8.29%	-0.15%	5.03%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-5,580	-4,871	-4,324	-4,219	-4,957	-4,547
Sale of Property, Plant & Equipment	297	209	9	15	90	15
Cash Acquisitions	-1,345	-193	-9	-	-	-
Divestitures	-131	-131	11,221	-67	6,976	-
Sale (Purchase) of Intangibles	-2,403	-2,447	-2,375	-2,641	-2,799	-2,375
Investment in Securities	2,210	1,832	-62	1,123	803	1,274
Other Investing Activities	1,239	1,363	299	-333	-492	-1,235
Investing Cash Flow	-5,713	-4,238	4,759	-6,122	-379	-6,868

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	-	78	-	3,171	3,002
Long-Term Debt Issued	-	6,081	4,680	1,533	4,071	2,548
Total Debt Issued	5,958	6,081	4,758	1,533	7,242	5,550
Short-Term Debt Repaid	-	-502	-	-1,636	-	-
Long-Term Debt Repaid	-	-11,924	-12,963	-8,970	-10,501	-6,933
Total Debt Repaid	-7,681	-12,426	-12,963	-10,606	-10,501	-6,933
Net Debt Issued (Repaid)	-1,723	-6,345	-8,205	-9,073	-3,259	-1,383
Issuance of Common Stock	13	2	3	3	10	-
Repurchase of Common Stock	-1,160	-2,041	-1,868	-	-1,867	-2,087
Common Dividends Paid	-1,079	-1,093	-1,787	-2,430	-2,484	-2,474
Other Financing Activities	-7,876	-2,329	-3,421	-4,355	-5,830	-3,762
Financing Cash Flow	-11,825	-11,806	-15,278	-15,855	-13,430	-9,706

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	30	-227	-75	-94	12	74
Net Cash Flow	-1,955	-1,980	4,779	-5,514	4,257	1,581

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	9,973	9,420	11,049	12,338	13,097	13,534
Free Cash Flow Growth	-2.47%	-14.74%	-10.45%	-5.79%	-3.23%	14.67%
Free Cash Flow Margin	23.35%	23.28%	29.50%	33.60%	34.77%	36.57%
Free Cash Flow Per Share	0.43	0.39	0.42	0.45	0.47	0.47
Levered Free Cash Flow	6,395	5,167	17,049	-10,684	3,550	10,692
Unlevered Free Cash Flow	7,807	6,551	18,256	-9,213	4,735	11,857

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	2,233	2,257	2,705	2,227	1,815	-58
Cash Income Tax Paid	1,186	988	901	724	1,228	916
Change in Working Capital	328	-297	70	114	792	-219

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Nov 11, 2026

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