VEON Ltd.: stock overview

VEONNASDAQCommunication services · Radiotelephone Communications

Price

$79.17

November 13, 2026Market cap $5.9B

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What Ploutos Investor adds for VEON

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  • The full history: 11 fiscal years, from 2015
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.

In short

VEON had revenue of $4.4B in the fiscal year to December 31, 2025 and net income of $591M, a net margin of 13.4%. Revenue grew by 4.8% a year on average over the last 5 years. At $79.17 the shares trade at a P/E of 9.9, against a median of 7.0 over the last 3 fiscal years. It pays a dividend yielding 1.14%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$5.9B
73.97M shares
P/E
9.9
Today9.9
Median7.0
Revenue, fiscal year
$4.4B
+4.8% a year over 5 years
Net margin
13.4%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+9.1% a year over 2 years

  • 202520-F
    Revenue$4.4B
  • 202420-F
    Revenue$4.0B
  • 202320-F
    Revenue$3.7B

Fiscal years in figures

VEON's revenue, profit, cash flow and dividend with each year-end price, from 2015 to 2022, 8 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.0B
$5.9B
Enterprise value 
–
P/E 
9.9
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 2.4
3.6
FCF yield 
–
Earnings yield 3-year median: 14.3%
10.1%

Profitability

Operating margin 
32.7%
Net margin 3-year median: 12.2%
13.4%
ROIC 
23.8%
ROIC, 5-year average 
15.9%
ROE, fiscal year 
36.2%

Growth

Revenue, yearly change 
+9.9%
EPS, yearly change 
+30.4%
FCF, yearly change 
-44.0%
Revenue, average a year 
+4.8%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$2.2B
Total debt 
–
Net cash 
–
Net debt / EBITDA 
–
Interest cover 
2.7x
Current ratio 
–

Balance sheet of December 31, 2025.

Returns to shareholders

Dividend yield 3-year median: 2.9%
1.14%
Buybacks 
–
Total returned 
1.14%
Shares, yearly change 
0.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
VEON Ltd.
CIK
1468091
Exchange
NASDAQ
Industry (SIC)
4812 · Radiotelephone Communications
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
73.97M

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The full analysis

What do VEON's filings show?

These are VEON's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about VEON

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Ask us
What is VEON's market cap?

VEON Ltd.'s market cap is $5.9B, at a price of $79.17 on November 13, 2026 and 73.97M shares.

What is VEON's P/E?

VEON's P/E is 9.9, on earnings per share of $7.50 in the fiscal year to December 31, 2025. The median over the last 3 fiscal years was 7.0.

How much revenue does VEON have?

VEON had revenue of $4.4B in the fiscal year to December 31, 2025. Over the last 5 years it changed by +4.8% a year on average.

Does VEON pay a dividend?

Yes. VEON paid $0.91 per share over the last 12 months, a yield of 1.14% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From VEON Ltd.'s SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.