VEON Ltd.
VEON
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- VEON operates in a competitive telecom services market, leveraging its strong revenue growth to capture market share.
- In Q2 2026, VEON reported a revenue increase of 6% compared to the previous quarter, reaching $1.3 billion.
- The company's gross margin stood at 86.5% in Q2 2026, slightly down from 87.4% in Q1 2026.
- Despite its growth, VEON faces challenges with a high trailing P/E ratio of 96.72, indicating potential overvaluation.
- The company reported a net income loss of $2.528 billion for the year 2023, highlighting significant financial struggles.
- VEON's earnings growth is negative at -78.9%, raising concerns about its profitability and operational efficiency.
Fundamentals
| Market cap | $5.31B | Enterprise value | $8.88B | Trailing P/E | 97.56 | Forward P/E | 9.18 |
| PEG | 2.23 | Price / book | 3.55 | Beta | 1.62 | Dividend yield | 0.00% |
| Revenue growth | 16.9% | Earnings growth | -78.9% | Gross margin | 87.1% | Operating margin | 25.8% |
| Profit margin | 1.2% | ROE | 7.5% | ROA | 8.5% | Debt / equity | 3.05 |
| Current ratio | 0.97 | Free cash flow | $460.94M | Analyst recommendation | strong_buy | Mean target | $86.87 |
| 52w high | $78.83 | 52w low | $42.60 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.2B | $1.1B | $1.1B | — |
| Op margin | 25.7% | 25.6% | 29.8% | 14.1% | 29.8% | — |
| Net income | $122M | $99.0M | -$31.0M | -$131M | $595M | — |
| Gross margin | 86.5% | 87.4% | 86.3% | 88.1% | 90.4% | — |
| Gross profit | $1.1B | $1.1B | $1.0B | $982M | $983M | — |
| Operating income | $327M | $308M | $349M | $157M | $324M | — |
- Revenue +6% vs prior quarter ($1.3B vs $1.2B).
- Gross margin 86.5% (was 87.4% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.0B | $3.7B | $3.8B | — |
| Op margin | 24.4% | 24.6% | 24.1% | 26.6% | — |
| Net income | $532M | $415M | -$2.5B | -$162M | — |
| Gross margin | 88.0% | 87.1% | 88.1% | 87.3% | — |
| Gross profit | $3.9B | $3.5B | $3.3B | $3.3B | — |
| Operating income | $1.1B | $983M | $891M | $997M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · VEON Brings Starlink’s Satellite-to-Mobile Service to South Asia with Banglalink launch
2026-10-08 · VEON to Report 3Q26 Results on November 6, 2026
2026-10-02 · Nike downgraded, Airbnb upgraded: Wall Street's top analyst calls
2026-09-30 · VEON (VEON) Soars 6.6%: Is Further Upside Left in the Stock?
2026-09-29 · VEON’s Beeline Kazakhstan Becomes First Operator in Country to Launch Starlink's Satellite to Mobile Service
2026-09-28 · VEON and Banglalink Convene Global Investors in New York to Advance “Invest in Bangladesh NOW!”
2026-09-26 · VEON (NasdaqGS:VEON) Gets Bangladesh Digital Bank License As Valuation Debate Heats Up
2026-09-25 · MeetKai Takes Sovereign AI built on NVIDIA to Six Countries
2026-09-25 · /DISREGARD RELEASE: Acceleration Agency/
2026-09-25 · VEON and Square Group Receive Bangladesh Bank Approval for Digital Bank License
2026-09-25 · VEON Capital Markets Day 2026
2026-09-23 · VEON increases Share Buyback and Accelerates share cancellations
Price (daily)
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