VOD

MKT CAP:$38B

Vodafone Group Public Limited Company

Market Cap

$38B

Communication Services·Telecommunications Services·🇬🇧 United Kingdom·NASDAQ

Communication·Telecommunications·🇬🇧·NASDAQ

Stock Price

$15.63+$2.29 (+17.20%)

Apr 24, 2026

Company Details

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, te...

CEO

António Rui de Lacerda Carrapatoso

IPO Date

Nov 2, 1988

Website

www.vodafone.com

Key Metrics TTM

Revenue

$84.0B

-20.6% YoY

Net Income

-$2.2B

EPS (Diluted)

-$0.84

Free Cash Flow

$26.7B

Revenue / Share

$34.08

Gross Margin

34.1%

Operating Margin

5.2%

Net Margin

-2.6%

FCF Margin

31.8%

P/S

0.5x

P/E

—

Earnings Reports

Q3 2026

May 12, 2026

PENDING

Q2 2026

Nov 14, 2025

$22.9B+7.3%EPS $0.40

Q4 2025

Jun 6, 2025

$22.4B+29.7%EPS -$2.34

Q2 2025

Nov 12, 2024

$21.4B-16.7%EPS $0.46

FY 2024

Jun 14, 2024

$42.9B-2.5%EPS $0.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 09	$25.9B	$9.6B	$3.7B
Q4 10	$29.2B	$9.9B	$6.2B
Q2 15	$31.2B	$7.9B	$1.4B
Q2 16	$32.9B	$8.7B	$1.3B
Q4 19	$25.5B	$8.0B	$2.1B
Q4 20	$26.9B	$8.6B	$4.1B
Q2 21	$25.1B	$7.8B	$3.9B
Q4 21	$26.2B	$8.2B	$2.0B
Q2 22	$26.3B	$8.6B	$3.1B
Q4 22	$27.0B	$8.9B	$3.7B
Q2 23	$26.8B	$8.6B	$3.5B
Q2 24	$25.6B	$7.8B	$1.9B
Q4 24	$17.3B	$6.5B	$2.4B
Q2 25	$21.4B	$7.2B	$2.8B
Q4 25	$22.4B	$7.4B	-$3.3B
Q2 26	$22.9B	$7.5B	$2.5B

Valuation

Quarter	P/S	P/E
Q4 09	—	—
Q4 10	—	—
Q2 15	0.8x	—
Q2 16	0.7x	6.4x
Q4 19	0.5x	5.1x
Q4 20	0.4x	6.4x
Q2 21	0.4x	—
Q4 21	0.5x	38.0x
Q2 22	0.5x	17.5x
Q4 22	0.5x	17.6x
Q2 23	0.3x	13.7x
Q2 24	0.2x	7.7x
Q4 24	0.2x	6.2x
Q2 25	0.3x	7.4x
Q4 25	0.3x	—
Q2 26	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 10	$8.6B	$4.0B
Q2 15	$5.5B	$884M
Q4 15	$7.8B	$665M
Q2 16	$6.7B	$931M
Q4 19	$9.5B	$7.0B
Q4 20	$13.1B	$10.3B
Q2 21	$7.0B	$3.8B
Q4 21	$13.1B	$10.0B
Q2 22	$7.5B	$3.9B
Q4 22	$13.6B	$10.5B
Q2 23	$7.3B	$3.3B
Q2 24	$6.5B	$3.7B
Q4 24	$12.9B	$10.7B
Q2 25	$6.6B	$4.0B
Q4 25	$11.4B	$8.9B
Q2 26	$5.3B	$3.1B

Capital Expenditures

Quarter	CapEx
Q4 10	$4.6B
Q2 15	$4.7B
Q4 15	$7.1B
Q2 16	$5.8B
Q4 19	$2.5B
Q4 20	$2.8B
Q2 21	$3.2B
Q4 21	$3.1B
Q2 22	$3.6B
Q4 22	$3.1B
Q2 23	$4.0B
Q2 24	$2.7B
Q4 24	$2.2B
Q2 25	$2.6B
Q4 25	$2.5B
Q2 26	$2.9B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 16	+33.8%	-13.2%
Q4 19	-1.5%	+5.4%
Q4 20	-7.7%	-0.7%
Q2 21	-19.7%	-29.0%
Q4 21	-20.5%	-23.6%
Q2 22	+3.1%	-0.7%
Q4 22	+0.2%	+2.0%
Q2 23	+7.0%	+10.5%
Q2 24	-2.0%	-1.7%
Q4 24	-34.3%	-35.7%
Q2 25	-20.9%	-20.1%
Q4 25	-16.4%	+10.0%
Q2 26	-10.6%	-14.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 10	$98M	0.3%
Q2 15	$68M	0.2%
Q4 15	$70M	—
Q2 16	$91M	0.3%
Q4 19	$154M	0.6%
Q4 20	$157M	0.6%
Q2 21	$43M	0.2%
Q4 21	$158M	0.6%
Q2 22	$0	0.0%
Q4 22	$139M	0.5%
Q2 23	$0	0.0%
Q2 24	$63M	0.2%
Q4 24	$83M	0.5%
Q2 25	$80M	0.4%
Q4 25	-$80M	-0.4%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 09	$3.0B	$1.7B
Q4 10	$3.5B	$2.0B
Q2 15	$3.8B	$2.6B
Q2 16	$4.3B	$2.8B
Q4 19	$3.5B	$2.3B
Q4 20	$3.8B	$2.3B
Q2 21	$3.0B	$2.0B
Q4 21	$3.2B	$2.2B
Q2 22	$3.4B	$2.0B
Q4 22	$3.3B	$2.0B
Q2 23	$3.3B	$2.0B
Q2 24	$3.5B	$1.8B
Q4 24	$3.2B	$1.3B
Q2 25	$3.2B	$1.6B
Q4 25	$3.2B	$1.8B
Q2 26	$3.2B	$1.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$3.8B	$10.3B	$14.1B
Q2 19	$8.1B	$12.8B	$21.0B
Q4 19	$15.9B	$15.2B	$31.2B
Q2 20	$6.9B	$8.3B	$15.2B
Q4 20	$15.5B	$8.3B	$23.8B
Q2 21	$9.1B	$12.6B	$21.7B
Q4 21	$6.8B	$10.7B	$17.5B
Q2 22	$7.9B	$10.5B	$18.4B
Q4 22	$9.8B	$10.3B	$20.1B
Q2 23	$8.3B	$9.1B	$17.4B
Q4 23	$14.9B	$8.9B	$23.8B
Q2 24	$8.8B	$7.3B	$16.2B
Q4 24	$7.2B	$5.1B	$12.3B
Q2 25	$9.1B	$7.9B	$17.1B
Q4 25	$13.9B	$9.4B	$23.3B
Q2 26	$8.3B	$7.5B	$15.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 09	2.45B	0.0%	—
Q4 10	2.45B	0.0%	—
Q2 15	2.66B	+8.5%	—
Q2 16	2.65B	-0.3%	+8.1%
Q4 19	2.78B	+4.6%	+13.1%
Q4 20	2.94B	+6.1%	+20.0%
Q2 21	2.96B	+0.6%	+11.3%
Q4 21	2.98B	+0.5%	+12.2%
Q2 22	2.94B	-1.1%	+6.0%
Q4 22	2.88B	-2.1%	-2.1%
Q2 23	2.81B	-2.3%	-5.0%
Q2 24	2.70B	-3.9%	-9.2%
Q4 24	2.72B	+0.4%	-7.7%
Q2 25	2.68B	-1.2%	-6.9%
Q4 25	2.56B	-4.7%	-9.1%
Q2 26	2.46B	-3.7%	-8.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 09	$327.7K	79K
Q4 10	$360.3K	81K
Q2 15	$319.1K	98K
Q2 16	$310.6K	106K
Q4 19	$1M	21K
Q4 20	$289.6K	93K
Q2 21	$269.4K	93K
Q4 21	$249.2K	105K
Q2 22	$250.4K	105K
Q4 22	$278.5K	97K
Q2 23	$276.6K	97K
Q2 24	$246.6K	104K
Q4 24	$185.8K	93K
Q2 25	$229.8K	93K
Q4 25	$243.6K	92K
Q2 26	$249.2K	92K

Revenue / Employee