VEON Ltd. logo

VEON Ltd.

VEON

NASDAQCommunication ServicesTelecommunications Services

Previous close

$59.38

+$2.95 · +5.23%

Aug 21, 4:00 PM ET

VEON company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

42

Neutral

Sentiment

63

Bullish

Risk resilience

57

Elevated Risk

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Company profile

Company website

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
AE
CEO
Muhterem Kaan Terzioglu
Listed since
Nov 15, 1996
Employees
18,938

Market position

Day range

Current $59.38

52-week range

Current $59.38

Open
$57.05
Previous close
$56.43
Volume
129.46K
1.43× average
Average volume
90.74K
Average daily volume
Market cap
4.11B USD
Beta
1.61
Market reference 1
50-day average
$53.3638
+11.27% above average
200-day average
$52.3117
+13.51% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.18B USD
EV / EBITDA
3.33×
Earnings yield
14.34%
Free cash flow yield
16.72%

Profitability & efficiency

Return on equity
40.39%
Return on assets
5.87%
Return on invested capital
11.41%

Financial health

Current ratio
0.91×
Altman Z-score
0.63
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends104%41%-21%-84%Gross margin, FY2021: 87.43%Gross margin, FY2022: 87.32%Gross margin, FY2023: 88.07%Gross margin, FY2024: 87.14%Gross margin, FY2025: 69.81%Operating margin, FY2021: 26.57%Operating margin, FY2022: 30.97%Operating margin, FY2023: 25.12%Operating margin, FY2024: 27.72%Operating margin, FY2025: 23.32%Net margin, FY2021: 17.51%Net margin, FY2022: -4.31%Net margin, FY2023: -68.36%Net margin, FY2024: 10.36%Net margin, FY2025: 12.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 87.43%. Gross margin FY2022 87.32%. Gross margin FY2023 88.07%. Gross margin FY2024 87.14%. Gross margin FY2025 69.81%. Operating margin FY2021 26.57%. Operating margin FY2022 30.97%. Operating margin FY2023 25.12%. Operating margin FY2024 27.72%. Operating margin FY2025 23.32%. Net margin FY2021 17.51%. Net margin FY2022 -4.31%. Net margin FY2023 -68.36%. Net margin FY2024 10.36%. Net margin FY2025 12.09%.

Income trends

Revenue

4.47B USD+11.75%

Operating income

1.04B USD-5.98%

Net income

541.13M USD+30.39%
Income trends across reported periods5.17B USD2.37B USD−427.24M USD−3.23B USDRevenue, FY2021: 3.85B USDRevenue, FY2022: 3.76B USDRevenue, FY2023: 3.7B USDRevenue, FY2024: 4B USDRevenue, FY2025: 4.47B USDOperating income, FY2021: 1.02B USDOperating income, FY2022: 1.16B USDOperating income, FY2023: 929M USDOperating income, FY2024: 1.11B USDOperating income, FY2025: 1.04B USDNet income, FY2021: 674M USDNet income, FY2022: −162M USDNet income, FY2023: −2.53B USDNet income, FY2024: 415M USDNet income, FY2025: 541.13M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.85B USD. Revenue FY2022 3.76B USD. Revenue FY2023 3.7B USD. Revenue FY2024 4B USD. Revenue FY2025 4.47B USD. Operating income FY2021 1.02B USD. Operating income FY2022 1.16B USD. Operating income FY2023 929M USD. Operating income FY2024 1.11B USD. Operating income FY2025 1.04B USD. Net income FY2021 674M USD. Net income FY2022 −162M USD. Net income FY2023 −2.53B USD. Net income FY2024 415M USD. Net income FY2025 541.13M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.47B USD4B USD3.7B USD3.76B USD3.85B USD
Cost of goods sold1.35B USD515M USD441M USD476M USD484M USD
Gross profit3.12B USD3.49B USD3.26B USD3.28B USD3.37B USD
Selling, general, and administrative2.08B USD1.73B USD1.57B USD1.5B USD1.48B USD
Operating expenses2.08B USD2.38B USD2.33B USD2.12B USD2.34B USD
Interest income52.89M USD49M USD60M USD32M USD13M USD
Interest expense544.18M USD495M USD531M USD583M USD591M USD
Depreciation and amortization815.77M USD513M USD516M USD671M USD799M USD
Operating income1.04B USD1.11B USD929M USD1.16B USD1.02B USD
Net income541.13M USD415M USD−2.53B USD−162M USD674M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
67%
6 beats, 3 misses, 0 met estimates
Average EPS surprise
-147.31%
9 comparable reports
Latest EPS result
1.69
Estimate 1.59 · Beat by 6.29%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates95.642.27-1.09Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 20, 2025: actual 0.98, estimate 0.77, surprise +27.27%, Beat. Q2 2025, reported May 15, 2025: actual 1.36, estimate 0.83, surprise +63.86%, Beat. Q3 2025, reported Aug 7, 2025: actual 8.3, estimate 0.95, surprise +773.68%, Beat. Q4 2025, reported Nov 10, 2025: actual 1.14, estimate 1.21, surprise -5.79%, Miss. Q1 2026, reported Mar 13, 2026: actual -0.39, estimate 1.33, surprise -129.32%, Miss. Q2 2026, reported May 13, 2026: actual 1.39, estimate 0.99, surprise +40.40%, Beat. Q3 2026, reported Jul 31, 2026: actual 1.69, estimate 1.59, surprise +6.29%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 1.61, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.35B1.21B1.08B944.09MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 20, 2025: actual 998M USD, estimate 997M USD, surprise +0.10%, Beat. Q2 2025, reported May 15, 2025: actual 1.03B USD, estimate 996M USD, surprise +3.01%, Beat. Q3 2025, reported Aug 7, 2025: actual 1.09B USD, estimate 1.02B USD, surprise +6.15%, Beat. Q4 2025, reported Nov 10, 2025: actual 1.12B USD, estimate 1.1B USD, surprise +1.36%, Beat. Q1 2026, reported Mar 13, 2026: actual 1.17B USD, estimate 1.12B USD, surprise +4.79%, Beat. Q2 2026, reported May 13, 2026: actual 1.2B USD, estimate 1.17B USD, surprise +2.34%, Beat. Q3 2026, reported Jul 31, 2026: actual 1.27B USD, estimate 1.23B USD, surprise +3.45%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 1.3B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

13 ratings
Strong buy00%
Buy1077%
Hold323%
Sell00%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$7.50

2019 complete year-62.0% since 2011

Corporate action history

Dividend

Ex-dividend Feb 26, 2020

$0.15

Semi-Annual

Record Feb 27, 2020 · Payment Mar 5, 2020

Dividend

Ex-dividend Aug 13, 2019

$0.13

Semi-Annual

Record Aug 14, 2019 · Payment Aug 23, 2019

Dividend

Ex-dividend Mar 7, 2019

$0.17

Semi-Annual

Record Mar 8, 2019 · Payment Mar 20, 2019

Dividend

Ex-dividend Aug 13, 2018

$0.12

Annual

Record Aug 14, 2018 · Payment Aug 21, 2018

Dividend

Ex-dividend Mar 2, 2018

$0.17

Annual

Record Mar 5, 2018 · Payment Mar 13, 2018

Dividend

Ex-dividend Aug 10, 2017

$0.11

Quarterly

Record Aug 14, 2017 · Payment Sep 6, 2017

VEON peers

ETFs holding VEON

Funds reporting this stock among their holdings, ordered by reported position size.

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