VEONNasdaqRadiotelephone CommunicationsFiscal year ends December 31
VEON Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 16, 2026
$82.18−1.02 (-1.23%)
Close on Oct 19, 2026
- Market cap
- $145.71B
- P/E (TTM)
- 273.9
- Dividend yield
- 0.00%
VEON Ltd. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pakistan | $1.62B | $1.38B | $1.12B | $1.29B | $1.41B | $1.23B | $1.32B | $1.49B | $1.53B | $1.29B | 36.9% | +17.5% |
| Ukraine | $1.16B | $925.00M | $919.00M | $971.00M | $1.06B | $933.00M | $870.00M | $688.00M | $622.00M | $566.00M | 26.5% | +25.8% |
| Kazakhstan | $816.00M | $854.00M | $774.00M | $636.00M | $569.00M | $479.00M | $486.00M | $441.00M | $416.00M | – | 18.5% | -4.4% |
| Bangladesh | $460.00M | $520.00M | $570.00M | $576.00M | $564.00M | $537.00M | $537.00M | $521.00M | $574.00M | $621.00M | 10.5% | -11.5% |
| Uzbekistan | $308.00M | $273.00M | $268.00M | $233.00M | $194.00M | $198.00M | $258.00M | $315.00M | $513.00M | $662.00M | 7.0% | +12.8% |
| HQ, eliminations and Others | $27.00M | $50.00M | $48.00M | $66.00M | $81.00M | $125.00M | $172.00M | $201.00M | $180.00M | – | 0.6% | -46.0% |
| Algeria segment | – | – | – | – | – | $689.00M | $775.00M | $813.00M | $915.00M | $1.04B | – | – |
| HQ and eliminations | – | – | – | – | – | – | $0 | $0 | $0 | $10.00M | – | – |
| Italy Joint Venture Segment | – | – | – | – | – | – | – | – | $6.91B | $1.25B | – | – |
| Others | – | – | – | – | – | – | – | $665.00M | $650.00M | $634.00M | – | – |
| Russia | – | – | – | – | $3.95B | $3.82B | $4.48B | $4.65B | $4.73B | $4.06B | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Telecommunication and infrastructure | $3.64B | $3.54B | $3.41B | – | – | – | – | – | – | – | 82.7% | +2.8% |
| Digital financial services | $425.00M | $315.00M | $185.00M | – | – | – | – | – | – | – | 9.7% | +34.9% |
| Other digital | $337.00M | $151.00M | $99.00M | – | – | – | – | – | – | – | 7.7% | +123.2% |
| Sale of equipment and accessories | – | – | – | $28.00M | $35.00M | $22.00M | $463.00M | $427.00M | $244.00M | – | – | – |
| Fixed | – | – | – | – | – | – | $723.00M | $720.00M | $786.00M | – | – | – |
| Mobile | – | – | – | – | – | – | $8.14B | $8.37B | $8.69B | – | – | – |
| Other revenues | – | – | – | $127.00M | $125.00M | $105.00M | $154.00M | $133.00M | $125.00M | – | – | – |
| Service revenues | – | – | – | $3.60B | $3.69B | $3.36B | $7.47B | $8.53B | $9.11B | – | – | – |
By region
From the segment and revenue-disaggregation notes of VEON's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.