VEON Ltd.
VEON Nasdaq· Radiotelephone Communications
Last close · Oct 30, 2026
$82.54
KIRA · Stoqly’s AI analyst, in plain words
- VEON Ltd. had $4.4B of revenue in fiscal 2025, up 9.9% on the year before. Over five years, revenue changed +4.8% a year on average.
- Its operating margin was 32.7%, up 5.0 pts: of every 100 in sales, about 33 is left after running the business.
- VEON Ltd. made $591M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −15.2% a year.
- VEON Ltd. returned $172M to shareholders in fiscal 2025. The diluted share count fell 0.9%.
- VEON Ltd. owes $1.4B more than it holds in cash.
Market cap
$5.9B
P/E
11.0x
Revenue
$4.4B
Net income
$591M
Free cash flow
—
Operating margin
32.7%
VEON Ltd. in 30 seconds · fiscal 2025
Are sales growing?
+9.9%
Yes. Sales grew 9.9% last year.
Does it make a profit?
13.4%
Yes. It keeps 13.4% of every sale as profit.
Is debt under control?
$1.4B
Risky. It owes more than it holds in cash and has no operating profit to repay it.
How is the share priced?
11.0x
One share costs 11.0 times its yearly profit per share.
What VEON Ltd. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 16, 2026
- Legal name
- VEON Ltd.
- CIK
- 0001468091
VEON Ltd. · VEON · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.9B | $3.8B | $3.7B | $4.0B | $4.4B |
| Revenue growth | 10.6% | −2.5% | −1.5% | 8.3% | 9.9% |
| Operating margin | 26.6% | 31.0% | 25.1% | 27.7% | 32.7% |
| Net income | $801M | −$9.0M | −$2.5B | $487M | $591M |
| Net margin | 20.8% | −0.2% | −66.3% | 12.2% | 13.4% |
| Diluted EPS | $9.50 | −$2.25 | −$36.00 | $5.75 | $7.50 |
| Cash | |||||
| Capital expenditure | $699M | $634M | $531M | $627M | $733M |
| Dividends paid | $0.0M | $0.0M | $45.0M | $83.0M | $67.0M |
| Share buybacks | — | $0.0M | $0.0M | $8.0M | $105M |
| Share count change | 1.2% | −1.2% | 1.2% | 1.6% | −0.9% |
| Debt and strength | |||||
| Cash and short-term investments | $2.3B | $3.1B | $1.9B | $1.7B | $1.7B |
| Debt incl. finance leases | $7.6B | $6.7B | $3.7B | $3.3B | $3.1B |
| Shareholders' equity | $586M | $569M | $858M | $1.1B | $1.3B |
| Current ratio | 0.8x | — | — | — | — |
| Interest coverage | 1.7x | 2.0x | 1.7x | 2.2x | 2.7x |
| Returns and quality | |||||
| Return on capital | 11.2% | 25.7% | 23.7% | 27.8% | 39.4% |
| Return on equity | 213.9% | −1.6% | −343.4% | 49.8% | 48.5% |
| Return on tangible equity | — | −5.1% | −481.3% | 64.0% | 62.8% |
Insiders bought, 12 months
$1.1M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
VEON Ltd. · VEON · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $82.54 a share, the company is worth $5.9B: 11.0 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001468091). Latest version: stoqly.net/companies/veon. Data updated November 1, 2026. For information only — not investment advice. Check the original filings before relying on any figure.