stockportfolio.pro
VEON Ltd. (VEON)
Communication Services · Telecom Services · NasdaqGS
VEON Ltd. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $3.75B | $3.70B | $4.00B | $4.40B |
| Gross profit | $3.28B | $3.26B | $3.49B | $3.87B |
| Net income | $-162.00M | $-2.53B | $415.00M | $532.00M |
| Net margin | -4.3% | -68.4% | 10.4% | 12.1% |
Source: VEON Ltd. SEC filings (10-K).
What growth is priced into VEON stock?
At today's market cap of $3.44B, VEON Ltd. is priced for free-cash-flow growth of about -4.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $404.00M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of VEON Ltd. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track VEON in your portfolio →
VEON Ltd. financial history by metric
About VEON Ltd.
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.
VEON Ltd. — frequently asked questions
What is VEON Ltd.'s revenue?
VEON Ltd. (VEON) reported revenue of $4.40B for fiscal year 2025, up 9.9% from the prior year, according to its SEC filings.
Is VEON Ltd. profitable?
Yes. VEON earned net income of $532.00M in fiscal 2025, a net margin of 12.1%.
What is VEON's P/E ratio?
VEON Ltd. trades at a price-to-earnings ratio of about 6.6 based on the latest data in our nightly-refreshed cache.
How fast is VEON Ltd. growing?
VEON's revenue grew at roughly 5.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does VEON Ltd. have?
As of fiscal year 2025, VEON carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is VEON Ltd.'s gross margin?
VEON's gross margin was 88.0% in fiscal 2025 — gross profit of $3.87B on revenue of $4.40B.
What is VEON Ltd.'s market cap?
VEON Ltd. (VEON) has a market capitalization of about $3.44B, based on the latest data in our nightly-refreshed cache.
When does VEON Ltd.'s fiscal year end?
VEON's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into VEON stock?
At today's market cap of $3.44B, VEON Ltd. is priced for free-cash-flow growth of about -4.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $404.00M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from VEON Ltd.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.