# VEON Ltd. (VEON)

Source page: https://stoqly.net/companies/veon

- **Ticker:** VEON (Nasdaq)
- **Sector:** Communication Services / Radiotelephone Communications
- **SEC CIK:** 0001468091
- **Latest annual report:** 20-F filed 2026-03-16 (https://www.sec.gov/Archives/edgar/data/1468091/000146809126000010/vip-20251231.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $82.54 on 2026-10-30
- **Market cap:** $5.9B
- **P/E (trailing):** 11.0x
- **EPS, trailing 12 months:** $7.50
- **Revenue (FY2025):** $4.4B
- **Revenue growth:** +9.9%
- **Revenue growth, 5-year CAGR:** +4.8%
- **Operating margin:** 32.7%
- **Net margin:** 13.4%
- **Return on invested capital:** 39.4%
- **Return on equity:** 48.5%
- **Net debt:** $1.4B
- **Change in share count:** −0.9%
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/veon/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 8,885 | 9,474 | 9,086 | 8,089 | 3,482 | 3,850 | 3,755 | 3,698 | 4,004 | 4,399 |
| Operating income | 1,084 | 1,467 | 554 | 1,865 | 823 | 1,023 | 1,163 | 929 | 1,110 | 1,439 |
| Net income | 2,420 | -534 | 362 | 683 | -316 | 801 | -9 | -2,450 | 487 | 591 |
| Diluted EPS (US$) | 33.25 | -7.25 | 8.25 | 9.00 | -5.00 | 9.50 | -2.25 | -36.00 | 5.75 | 7.50 |
| Operating cash flow | 1,875 | 2,475 | 2,515 | 2,949 | 2,443 | — | — | — | — | — |
| Free cash flow | — | — | — | — | 1,893 | — | — | — | — | — |
| Cash | 2,942 | 1,314 | 1,808 | 1,250 | 1,669 | 2,252 | 3,107 | 1,902 | 1,689 | 1,732 |
| Debt and leases | 10,489 | 11,103 | 7,298 | 7,519 | 7,678 | 7,595 | 6,670 | 3,707 | 3,348 | 3,143 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.