Vodafone Group Public Limited Company (VOD) income statement
NASDAQ · Communication Services · Telecommunications Services · 91,128 employees · CEO Margherita Della Valle
- Price
- $15.38
- Market cap
- $36.2B
- Enterprise value
- €84.7B Data as of 2026-11-14
- Last report
- Q2 '27 filed 2026-11-10
- Next report
- 2027-05-18
Vodafone Group Public Limited Company (VOD) reported revenue of €22.1B for Q2 '27 (+12.7% year on year), operating income of €2.32B (10.5% of revenue) and net income of -€4.84B. Over the last two half-years revenue was €43.2B.
Income statement
| Income statement | Trend | Q4 '21 | Q2 '22 | Q4 '22 | Q2 '23 | Q4 '23 | Q2 '24 | Q4 '24 | Q2 '25 | Q4 '25 | Q2 '26 | Q4 '26 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €22.4B | €22.5B | €23.1B | €22.9B | €14.2B | €21.9B | €14.8B | €18.3B | €19.2B | €19.6B | €21.1B | €22.1B | |
| Cost of revenue | €15.3B | €15.1B | €15.5B | €15.6B | €8.44B | €15.3B | €9.18B | €12.1B | €12.8B | €13.2B | €14.7B | €14.8B | |
| Gross profit | €7.05B | €7.39B | €7.61B | €7.35B | €5.73B | €6.66B | €5.6B | €6.15B | €6.37B | €6.38B | €6.44B | €7.28B | |
| Sales & marketing | €1.85B | €1.68B | €1.68B | €1.71B | €0 | €1.56B | €1.12B | €1.36B | €1.58B | €1.53B | €0 | €0 | |
| General & administrative | €2.77B | €2.87B | €2.84B | €2.82B | €0 | €3.01B | €2.76B | €2.7B | €2.75B | €2.75B | €0 | €0 | |
| Other operating expenses | €691M | €227M | -€105M | -€148M | €0 | €439M | -€288M | -€284M | €4.83B | -€61M | €0 | €0 | |
| Operating expenses | €5.31B | €4.77B | €4.42B | €4.38B | €2.91B | €5.01B | €3.59B | €3.77B | €9.16B | €4.22B | €5.31B | €4.97B | |
| Operating income | €1.74B | €2.62B | €3.19B | €2.97B | €2.82B | €1.66B | €2.01B | €2.38B | -€2.79B | €2.16B | €1.13B | €2.32B | |
| Interest income | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €31.1M | €0 | €0 | |
| Interest expense | €1.12B | €1.06B | €896M | €973M | €873M | €866M | €973M | €277M | €789M | €0 | €0 | €879M | |
| Other non-operating income (gains on investments, FX ...) | €377M | €111M | €335M | €376M | -€8.88B | €13M | -€716M | -€40M | -€4.6B | €182M | €1.38B | €0 | |
| Total non-operating income | €730M | -€1.34B | -€366M | -€1.28B | €8.13B | -€1.11B | -€940M | -€277M | -€790M | -€49M | -€1.38B | -€2.69B | |
| Income before tax | €2.47B | €1.28B | €2.83B | €1.69B | €11B | €550M | €1.07B | €2.11B | -€3.58B | €2.11B | -€252M | -€377M | |
| Income tax | €3.41B | -€1M | €1.33B | €485M | €6.73M | €705M | -€655M | €900M | €1.35B | €1.06B | €754M | €3.26B | |
| Net income | -€1.16B | €996M | €1.24B | €945M | €10.5B | -€346M | €1.49B | €1.06B | -€5.23B | €829M | -€1.24B | -€4.84B | |
| EPS (basic) | -€0.39 | €0.34 | €0.43 | €0.34 | €4.00 | -€0.13 | €0.57 | €0.39 | -€2.00 | €0.34 | -€0.54 | -€2.10 | |
| EPS (diluted) | -€0.39 | €0.34 | €0.43 | €0.34 | €4.00 | -€0.13 | €0.55 | €0.39 | -€2.00 | €0.34 | -€0.54 | -€2.10 | |
| Shares (basic, weighted) | 2.96B | 2.94B | 2.88B | 2.81B | 2.74B | 2.7B | 2.71B | 2.68B | 2.56B | 2.46B | 2.31B | 2.31B | |
| Shares (diluted, weighted) | 2.98B | 2.94B | 2.88B | 2.81B | 2.74B | 2.7B | 2.72B | 2.68B | 2.56B | 2.46B | 2.31B | 2.31B | |
| Depreciation & amortization | €7.07B | €6.98B | €6.88B | €6.78B | €3.31B | €5.1B | €3.54B | €5.27B | €5.7B | €5.83B | €6.58B | €6.62B | |
| EBITDA | €8.44B | €9.49B | €9.74B | €9.37B | €15B | €6.75B | €6.27B | €7.69B | €7.5B | €7.81B | €6.33B | €8.93B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €47.6B | €46.6B | €45B | €45.9B | €43.8B | €37B | €37.7B | €36.7B | €37.4B | €40.7B | |
| Cost of revenue | €34.6B | €32.8B | €33.2B | €33.6B | €30.1B | €23.9B | €24.4B | €24.5B | €24.9B | €27.9B | |
| Gross profit | €13.1B | €13.8B | €11.8B | €12.3B | €13.7B | €13.1B | €13.3B | €12.3B | €12.5B | €12.8B | |
| Sales & marketing | €4.35B | €4.01B | €0 | €0 | €3.52B | €2.75B | €2.78B | €2.67B | €2.93B | €0 | |
| General & administrative | €5.49B | €5.12B | €0 | €0 | €5.35B | €4.8B | €5.35B | €5.77B | €5.45B | €0 | |
| Other operating expenses | -€1M | -€32M | €0 | €0 | -€278M | -€229M | -€9.27B | €151M | €4.55B | €0 | |
| Operating expenses | €9.09B | €9.47B | €7.52B | €7.5B | €8.59B | €7.32B | -€1.14B | €8.59B | €12.9B | €9.31B | |
| Operating income | €3.12B | €4.82B | €4.24B | €4.84B | €5.13B | €5.74B | €14.5B | €3.67B | -€411M | €3.51B | |
| Interest income | €1.17B | €452M | €139M | €354M | €485M | €428M | €561M | €395M | €356M | €1.4B | |
| Interest expense | €1.41B | €1.07B | €1.61B | €2.54B | €2.56B | €2.29B | €2.46B | €2.75B | €2.29B | €2.39B | |
| Other non-operating income (gains on investments, FX ...) | -€776M | -€781M | €4.33B | -€1.35B | -€1.78B | -€700M | -€1.08B | -€703M | -€1.22B | -€759M | |
| Total non-operating income | -€933M | -€421M | -€6.93B | -€4.03B | -€782M | -€1.59B | -€1.38B | -€2.05B | -€1.07B | -€1.63B | |
| Income before tax | €2.79B | €3.88B | -€2.69B | €812M | €4.35B | €4.15B | €13.1B | €1.62B | -€1.48B | €1.88B | |
| Income tax | €4.76B | -€879M | €1.54B | €1.28B | €3.86B | €1.56B | €492M | €50M | €2.25B | €1.82B | |
| Net income | -€2.19B | €4.41B | -€4.74B | -€939M | €59M | €2.24B | €11.8B | €1.14B | -€4.17B | -€400M | |
| EPS (basic) | -€0.78 | €1.60 | -€1.60 | -€0.37 | €0.02 | €0.77 | €4.30 | €0.44 | -€1.60 | -€0.16 | |
| EPS (diluted) | -€0.78 | €1.60 | -€1.60 | -€0.37 | €0.02 | €0.77 | €4.30 | €0.42 | -€1.60 | -€0.16 | |
| Shares (basic, weighted) | 2.8B | 2.78B | 2.76B | 2.45B | 2.45B | 2.45B | 2.77B | 2.71B | 2.62B | 2.4B | |
| Shares (diluted, weighted) | 2.8B | 2.79B | 2.76B | 2.45B | 2.45B | 2.45B | 2.78B | 2.72B | 2.62B | 2.4B | |
| Depreciation & amortization | €11.1B | €10.4B | €9.8B | €14.2B | €14.1B | €10.4B | €10.3B | €10.4B | €10.8B | €12.5B | |
| EBITDA | €14.2B | €15.2B | €9.7B | €20.4B | €21B | €16.9B | €25.8B | €14.8B | €11.6B | €16.8B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in EUR.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-14 · Amounts in EUR as reported; price and market cap in USD.