VEON Ltd. (VEON) stock

VEONNasdaqRadiotelephone CommunicationsFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 16, 2026Score 2/30

$79.17+4.02 (+5.35%)

Close on Nov 13, 2026Market cap $5.86BP/E 10.6Yield 0.00%

VEON operating margin

Operating margin is operating income as a percentage of revenue.

VEON's operating margin for the twelve months ending Dec 31, 2021 was 26.6%. For fiscal 2025 it was 32.7%, against 27.7% the year before. The highest annual figure on record is 32.7% in fiscal 2025.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	32.7%	+5.0
FY2024	Dec 31, 2024	27.7%	+2.6
FY2023	Dec 31, 2023	25.1%	−5.9
FY2022	Dec 31, 2022	31.0%	+4.4
FY2021	Dec 31, 2021	26.6%	+2.9
FY2020	Dec 31, 2020	23.6%	+0.6
FY2019	Dec 31, 2019	23.1%	+17.0
FY2018	Dec 31, 2018	6.1%	−9.4
FY2017	Dec 31, 2017	15.5%	+3.3
FY2016	Dec 31, 2016	12.2%	+6.7
FY2015	Dec 31, 2015	5.5%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q2 FY2026	Jun 30, 2026	27.5%	+3.9
Q2 FY2025	Jun 30, 2025	75.4%	+80.5
Q2 FY2024	Jun 30, 2024	27.1%	+6.5
Q2 FY2023	Jun 30, 2023	26.4%	+7.8
Q2 FY2022	Jun 30, 2022	23.5%	−6.5
Q4 FY2021	Dec 31, 2021	-5.1%	+17.1
Q3 FY2021	Sep 30, 2021	20.6%	+3.3
Q2 FY2021	Jun 30, 2021	18.7%	−1.9
Q4 FY2020	Dec 31, 2020	30.0%	+13.1
Q3 FY2020	Sep 30, 2020	-22.2%	−38.2
Q2 FY2020	Jun 30, 2020	17.3%	–
Q2 FY2019	Jun 30, 2019	20.5%	–
Q2 FY2018	Jun 30, 2018	16.9%	–
Q2 FY2017	Jun 30, 2017	16.1%	–